asked the Minister for Finance the reasons for the delay in introducing the measure to allow multinational companies to buy securities on favourable tax terms which was originally announced in the 1985 Budget.
Written Answers. - Tax Terms for Multinationals.
20.
There has been no undue delay in introducing the scheme referred to by the Deputy. Following the passage of the enabling legislation in the Finance Act, 1985, research had to be undertaken into the possible market for these securities and the terms on which they would be issued. It was important also to ensure that eligibility for this tax-exempt scheme would be strictly confined to firms for which it was intended. A carefully structured scheme has now been drawn up in consultation with the interests involved and I expect to be in a position to make an announcement within a few weeks.