Finance Bill and section 110
Deputy Burton asked whether the Finance Bill would outlaw tax abuse through section 110 and whether anti-avoidance measures would be delayed. The Taoiseach said the Bill had been approved for publication, would be out the next day, and would deal with section 110.
The finance Bill will be published tomorrow. Will the Taoiseach clarify that tax evasion, such as that arising from the abuse of section 110 of the Taxes Consolidation Act 1997, will be outlawed under the legislation? Will he comment on media reports that there will be two finance Bills, one before Christmas and one after? Will he confirm that the very important issue of cutting out tax avoidance in the Irish tax system, which costs very significant amounts of money, will not be long-fingered until after Christmas and that the relevant legislation will be published alongside tomorrow's Bill?
Comment on this
The finance Bill was dealt with by Cabinet yesterday and was approved for publication. It will be published tomorrow and will deal with section 110. I have not heard any comment about producing a second finance Bill after Christmas. The Bill will deal with section 110 and the issues that Deputy Burton has raised.