Friday 25 April 2014

Ways to reward ex-pat donations being looked at

THE Government is looking at ways to reward Irish ex-pats who wish to give donations to help our economic recovery.

Mr Noonan told the Dail that international philanthropists, including Irish citizens, were interested in donating significantly if the tax system was changed "to ensure suitable recognition of such donations".

The Oireachtas Finance Committee has been charged with examining how to do this.

However, it isn't clear exactly what Mr Noonan is proposing. A spokeswoman for the Department of Finance said if somebody wishes to donate, they will be given a form asking what the Government can do for them in return.

"What's happening is that they are being asked to make a submission on what they would like in return for that. Then we would look at whether it is feasible," she said.

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