asked the Minister for Finance if any decision on the proposals in paragraph 493 of the White Paper on Company Taxation in Ireland of November, 1972, regarding the problem of the international taxation of dividends and certain aspects of the structure of corporation tax, has been made; and, if so, the action the Government has taken in this regard.
Ceisteanna—Questions. Oral Answers. - Company Taxation.
44.
No final decision has been made. The Commission of the European Communities made a decision in principle to recommend the adoption of a common imputation system of corporation tax. The problems which would arise from the adoption of a common imputation system, including provisions for a measure of relief of double taxation of dividends, are at present being discussed at meetings of a working party of the Commission in Brussels to which the member States, including this country, send representatives and formal proposals will be submitted by the Commission to the council in due course.