Ivor Callely
Question:51 Mr. Callely asked the Minister for Finance if, in the forthcoming Finance Bill, he will allow exchange losses realised in respect of accounting periods in 1993 on borrowing for capital purposes in the case of trading companies to be available as a deduction in computing income for corporation tax purposes in view of the difficult financial situation over the last 18 months, particularly where companies may have borrowed in foreign currencies; and if he will make a statement on the matter.
