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Deputy Richard Boyd Barrett:   When we discuss the amendment on intangible assets tomorrow, we will discuss the specifics of one particular loophole. I suggest the Minister read Mr. Seamus Coffey's papers on this issue. He points out, for example, that following their introduction, the other changes in the area of intangible assets provided for in successive budgets from 2009 onwards applied to all claims made under the relevant allowance. This is the first time this has not happened, as the Minister stated the change will only apply in future. Mr. Coffey stated explicitly in his paper that the Minister did not have to make that choice and if he had not made done so and instead applied the 80% rate to all claims made under this measure, it would have generated an additional €1 billion in tax revenue in 2018. That point was not made by us but by Mr. Seamus Coffey in a paper and I will quote the relevant passage tomorrow.
Debate adjourned.
Message from Select Committee
An Leas-Cheann Comhairle: The Select Committee on Education and Skills has completed its consideration of the Technological Universities Bill 2015 and has made amendments thereto.
Estimates for Public Services 2017: Message from Select Committee
An Leas-Cheann Comhairle: The Select Committee on Business, Enterprise and Innovation has completed its consideration of the following Revised Estimate for public services for the year ending 31 December 2017 - Vote 32.
The Dáil adjourned at 12 midnight until 10.30 a.m. on Thursday, 23 November 2017.
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