Dáil Éireann Debate, Thursday - 26 March 2009
98 Deputy Bernard J. Durkan asked the Minister for Finance if he has in mind taxation measures or incentives to encourage multinational chainstores here to bring their mark-up into line with that in adjoining jurisdictions; and if he will make a statement on the matter. [12740/09]
View answerThe option of using tax measures or some other incentives to influence a multinational retailer's mark-up in this jurisdiction, to align it to that in another jurisdiction, does not arise.
Market conditions are such that retailers, whether domestic or multinational, are lowering their mark-up presently. As the Deputy will be aware, in the context of retail prices in the State, the Tánaiste and Minister for Enterprise, Trade and Employment has asked the Competition Authority to investigate supply chains in the retail sector. The Competition Authority is to report by 30 April 2009.
