Thursday, 6 December 2018

Ceisteanna (89)

Michael McGrath


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.