Joint Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach to discuss proposed retail investment schemes and tax on deemed disposals

The meeting at 3:30pm in Committee Room 3 of Leinster House will hear from representatives from the Irish Business and Employers Confederation (Ibec) and Irish Funds.

Committee Cathaoirleach Deputy Mairéad Farrell said: “This series of meetings will focus on the Government’s reported plan to introduce a new, incentivised personal savings scheme. The Committee will also discuss the impact of current investment incentives, tax relief measures and the tax on deemed disposal on investment activity.

“Last week the Committee heard the views of academics from UCD and Trinity College who raised concerns that the concept of a savings scheme conflicts with a current tax rule known as deemed disposal and that the Swedish model being suggested by Government would bestow the biggest tax break on investments with the highest returns and increase taxes on lower yield investments. The Committee now looks forward to hearing the views of representatives Ibec and Irish funds on this important matter.”

The Joint Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach has 14 Members, nine from the Dáil and five from the Seanad.

The meeting in Committee Room 3 can be viewed live on Oireachtas TV.

Committee proceedings can also be viewed on the Houses of the Oireachtas Smartphone App, available for Apple and Android devices.