asked the Minister for Finance the reason for his decision to refuse to extend to non-associated banks the provisions of subsection (1) of section 344 of the Income Tax Act, 1967 in the same way as they extend to three non-associated banks named in subsection (4) of that section.
Ceisteanna—Questions. Oral Answers. - Income Tax Act Provisions.
45.
The provisions referred to by the Deputy were introduced many years ago. The question of amending their scope has been considered from time to time over the years but in the event they have remained unaltered. The Deputy will appreciate that any change in the matter could have repercussions and a net balance of disadvantage. In present circumstances I would not feel justified in making a change in these long standing arrangements.