I am advised by the Revenue Commissioners that in the time available, having regard to the volume of questions received this week, Revenue are not in a position to provide the information sought in relation to the Foreign Earnings Deduction (FED). However, I will arrange for the information to be supplied directly to the Deputy.
As the Deputy may be aware, the FED is currently being reviewed by my Department in consultation with the Revenue Commissioners. A Public Consultation was recently carried out seeking submissions from interested parties on the FED and its operation, views on whether the scheme should be extended or not and suggestions for improvement should the scheme be extended. Those submissions are currently being examined as part of the overall review of the scheme. When the review is completed, I will consider the matter in the context of the forthcoming Budget and Finance Bill.