Thursday, 6 December 2018

Ceisteanna (89)

Michael McGrath

Ceist:

89. Deputy Michael McGrath asked the Minister for Finance if there are tax implications in international banks moving significant portions of assets here in anticipation of Brexit; if so, the anticipated cost and-or benefit; and if he will make a statement on the matter. [51479/18]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

In order to estimate any potential implications of such transfers a wide range of information would be required, including estimates of the type and value of assets that may transfer, future trading activities in the State, employment to be created, etc. I am advised by Revenue that, in the absence of such information, it is not possible to assess the cost or benefit to the Exchequer tax yield of such transfers.