Dáil Éireann Debate, Tuesday - 20 October 2009
213 Deputy Noel Ahern asked the Minister for Finance the tax arrangements that were made for Eircom workers in the recent sale of the company; if they obtained favourable tax handling on the transaction or profits and so on; and if he will make a statement on the matter. [36735/09]
View answerI am assuming that the Deputy's query relates to the tax treatment of the Eircom Employee Share Ownership Trust on the proposed sale of Eircom. I am informed by the Revenue Commissioners that if and when the proposed sale takes place, the transaction will be dealt with in accordance with the legislation governing Employee Share Ownership Trusts in section 519 and Schedule 12 of the Taxes Consolidation Act 1997.
