asked the Minister for Finance whether firms engaged in such industries as food packaging, the processing of subscriptions to periodicals and so forth will benefit from the overall 10 per cent corporation profits taxation system envisaged for manufacturing industry from 1981.
Ceisteanna—Questions. Oral Answers. - Corporation Profits Taxation System.
39.
The proposed scheme will apply to manufacturing industry. In determining what constitutes manufacturing industry, certain guidelines were established in relation to existing reliefs for manufacturing industry, such as export sales relief, stock relief and the 25 per cent rate of corporation tax. These guidelines will be followed for the purposes of the proposed scheme. On this basis food-packaging, unless it included a process of manufacturing, and the processing of subscriptions to periodicals would be excluded from that scheme.