286. Deputy Pearse Doherty asked the Minister for Finance the current treatment of undistributed reserves in companies; if he will set out the revenue that could be raised for the Exchequer if the tax-free lump sum on retirement for directors, who withdrew them from the undistributed reserves, were reduced to €200,000 and capital acquisitions tax, at a rate of 40%, was applied to the remainder of the money drawn down. [35156/13]

Summary

286. Deputy Pearse Doherty asked the Minister for Finance the current treatment of undistributed reserves in companies; if he will set out the revenue that could be raised for the Exchequer if the tax-free lump sum on retirement for directors, who withdrew them from the undistributed reserves, were reduced to €200,000 and capital acquisitions tax, at a rate of 40%, was applied to the remainder of the money drawn down. [35156/13]

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• Tax Yield

  xml · EN · 16 July 2013

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