asked the Minister for Finance the reason savings made by a sharing committee of a company (details supplied), in Clarecastle, County Clare should be treated as income by the Revenue Commissioners.
Written Answers. - County Clare Company.
461.
I have been advised by the Revenue Commissioners that the payments in question constitute emoluments for income tax purposes.
In this general connection, I might draw attention to Chapter IX of the Finance Bill, 1982, which provides for exemption from income tax in respect of shares given by companies to their workers under approved profit sharing arrangements.