Tuesday, 25 May 1999
Dáil Éireann Debate
127. Mr. Gregory asked the Minister for Finance if, further to Parliamentary Question Nos. 93 of 28 April 1999 and 166 of 11 May 1999, the beneficial owners and partners of a company (details supplied) fully satisfied all the necessary criteria for tax clearance certification. [13456/99]
The tax affairs of each individual and company are confidential between the persons concerned and the Revenue Commissioners. Consequently, I am not in a position to indicate, as requested by the Deputy, how the persons mentioned in the question stand in relation to the satisfaction of tax clearance criteria.
As regards the general position in relation to tax clearance, section 1095 of the Taxes Consolidation Act 1997, regulates the issue of tax clearance certificates in relation to public sector contracts. The section provides that where the applicant for a tax clearance certificate is a company, a certificate shall not be issued unless the tax affairs of the company and each person who is either the beneficial owner of, or able directly or indirectly to control, more than 50 per cent of the ordinary share capital of the company, are in order.
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