Joan Burton
Ceist:95. Deputy Joan Burton asked the Minister for Finance his plans to review stamp duty on stock transactions; and if he will make a statement on the matter. [30828/18]
Amharc ar fhreagraWednesday, 11 July 2018
Ceisteanna (95)
Freagraí scríofa
The "Getting Ireland Brexit Ready" document, published in conjunction with Budget 2017, committed my Department to conduct a review of Stamp Duty on share transactions in 2017. This document noted that it was proposed to carry out a review of the application of Stamp Duty to stocks or marketable securities of an Irish incorporated company in the context of the sustainability of the Stamp Duty yield and the future relationship between the EU and the UK.
I launched a public consultation on the issues encompassed in this review last year, and this is now closed to further submissions.
The objective of this review is to examine the rationale for retaining Stamp Duty on share transactions in its current form in the context of a changing financial and economic environment.
I understand that my Department expects to present its report on this matter to me in the next few months and I can consider any recommendations it might make in advance of Budget 2019.