54 Mr. Hayes asked the Minister for Finance when he will be in a position to meet with the Irish League of Credit Unions to discuss taxation matters; and if he will make a statement on the matter. [27367/99]
Written Answers. - Credit Union Savings.
The report of the independent working group, which I established to examine the issue of the taxation of credit union savings, was presented to me in October of last year. Earlier this year I made the report publicly available. The group, which comprised officials from the Department of Enterprise, Trade and Employment, the Revenue Commissioners and the Department of Finance, representatives of the Irish League of Credit Unions, the Registrar of Friendly Societies and an independent chairman, failed to agree on a set of findings. However, the chairman recommended that a certain amount of tax free savings for credit union members be allowed. I have received written representations from the Irish League of Credit Unions and its members, in support of the recommendations made by the chairman of the working group.