(Limerick East) asked the Minister for Finance if he will list the companies which qualify for export sales relief; the location of each company; and the estimated tax which will accrue to the Exchequer as a result of the elimination of ESR in the following tax years: (a) 1990-1991 and (b) 1991-1992.
Written Answers. - Export Sales Relief.
59.
I have been informed by the Revenue Commissioners that their obligation to observe confidentiality precludes the giving of the information requested by the Deputy in regard to the names and locations of the companies qualifying for export sales relief (ESR).
Export sales relief will cease to be available after 5 April 1990, and while it is expected that there will be an increase in the tax yield as a result, it is not known when precisely this will begin to accrue. The yield to the Exchequer from the replacement of the relief by a corporation tax rate of 10 per cent will depend upon a number of factors such as the extent to which ESR companies will continue to operate in Ireland after that relief has been terminated, and the extent to which ESR companies have accumulated capital allowances in 1990 which can be set off against their taxable profits. Because of these factors it is not possible to say now what the yield to the Exchequer will be under the new arrangement.