Ruairí Quinn
Question:19 Mr. Quinn asked the Minister for Finance if he will make a statement on the outcome of the recent meeting with the Irish League of Credit Unions; the matters discussed; and the conclusions, if any, reached. [6049/00]
Vol. 517 No. 2
19 Mr. Quinn asked the Minister for Finance if he will make a statement on the outcome of the recent meeting with the Irish League of Credit Unions; the matters discussed; and the conclusions, if any, reached. [6049/00]
27 Mr. Creed asked the Minister for Finance if he will report on the recent meeting with the Irish League of Credit Unions. [5819/00]
59 Mr. Sargent asked the Minister for Finance if he will report on the recent meeting with the credit unions. [6817/00]
I propose to take Questions Nos. 19, 27 and 59 together.
The Taoiseach and the Tánaiste met with the Irish League of Credit Unions on 24 February to discuss the league's proposals on the taxation of credit unions. The EU aspect, which affects any taxation proposals, was also discussed at this meeting. Deputies will be aware that there are ongoing complaints with the EU Commission. The Irish Mortgage and Savings Association has made a complaint in relation to the current tax treatment of credit unions. This complaint alleges that the credit union movement in Ireland has benefited from preferential tax treatment by virtue of their exemption from corporation tax and from DIRT. The Irish Banker's Federation has also made a complaint which I understand relates to the position of credit unions in respect of consumer credit legislation.
At the meeting, the Irish League of Credit Unions accepted the Government's position that complaints about taxation made to the EU Commission must be resolved before any further moves are made regarding the taxation of credit union savings income.