asked the Minister for Finance what is the amount involved and to be remitted as a result of the amendment of Section 7 of the Finance Act, 1932, by the Finance Act, 1957, which provides for 20 per cent. tax remission on dividends and interest on all securities issued to the public subsequent to 1932 by Irish manufacturing concerns.
Ceisteanna—Questions. Oral Answers. - Tax Remissions under Finance Act, 1957.
8.
The application of the provisions of Section 7 of the Finance Act, 1932, to all securities issued to the public since 1932 by Irish manufacturing concerns involves the granting of relief from estate duty in respect of such securities as well as the income-tax abatement on dividends from them. The total cost to the Exchequer in a full year of such application is estimated at £100,000.