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Dáil Éireann debate -
Tuesday, 23 Apr 1968

Vol. 234 No. 1

Financial Resolutions. - Financial Resolution No. 2: Income Tax, Sur-Tax and Corporation Profits Tax.

I move:

That provision be made for the purpose of income tax (including sur-tax) and corporation profits tax for changes in the deductions allowable under section 241 (1) of the Income Tax Act, 1967 (No. 6 of 1967), to the extent specified by the Act giving effect to this Resolution.

Again may I explain that this is a very far out possibility. It has no immediate significance. It just means that if as a result of the rationalisation of wear and tear allowances somebody in the future has to pay a little bit extra in taxation — though again that is a remote possibility—this resolution will cover such an eventuality.

Question put and agreed to.
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