Paul McGrath
Ceist:49 Mr. McGrath asked the Minister for Finance the steps, if any, he proposes to take to provide tax incentives for the tourism industry.
Written Answers. - Tax Incentives for Tourism Industry.
Jimmy Deenihan
Ceist:58 Mr. Deenihan asked the Minister for Finance if he will reintroduce accelerated capital allowances for tourism investment in the Finance Bill.
I propose to take Questions Nos. 49 and 58 together. As stated in the Programme for a Partnership Government, the Government believes that the tourism sector has a proven potential for additional large scale job creation. To that end, the Government is committed to proceeding with the implementation of key recommendations of the report of the Tourism Task Force on the basis set out in the programme. The task force report recommends that fiscal policy permitting, special consideration be given to, among other things, reintroducing accelerated capital allowances for tourism investments. In that context the Government has undertaken to examine the recommendations of the Tourism Task Force in relation, inter alia, to investment incentives with a view to implementation over the next five years, subject to budgetary and general policy considerations.