Vol. 490 No. 2
20 Mr. D. Carey asked the Minister for Finance the difference in the tax regime for the establishment of financial services at Shannon Airport as against the IFSC; and the plans, if any, the Government has to promote Shannon as a location for financial services. [9607/98]
Sections 445 and 446 of the Taxes Consolidation Act, 1997, deal with the certification of projects in Shannon Airport and at the IFSC, respectively, for the purposes of benefiting from the 10 per cent corporation tax regime. There are no differences in the requirements and general conditions applied under these statutory provisions to financial services projects establishing in either location.
The promotion and development of Shannon as a location for investment projects, including financial services projects, is a matter for the Shannon Free Airport Development Company, which operates under the auspices of my colleague the Minister for Enterprise, Trade and Employment.
