Export profits tax relief cost

Summary

The Minister said the export profits tax relief scheme cost about £32 million in foregone revenue in 1977–78, the latest year available.

Noel C. Browne Dr. Browne Independent

asked the Minister for Finance if he will provide an estimate of the annual cost of the export profits tax relief scheme, in terms of tax revenues forfeited.

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George Colley Minister for Finance (Mr. Colley) Fianna Fáil

: The revenue foregone by way of exports relief for 1977-78—the latest year for which statistics are available —is about £32 million.

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