Oireachtas Joint and Select Committees

Thursday, 17 July 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Pre-Budget Submissions: Discussion (Resumed)

11:45 am

Mr. Denis Murphy:

I am very interested in it. When the Department of Finance imposed a 2% increase two years ago, we told it that it was absolutely mad. The market fell by 16,000 units immediately after a 3% increase in VRT. There is no accountability in the Department of Finance when one tries to find out who made that decision to increase VRT because it affects our livelihoods. The tax rate on cars affects our livelihoods. It is price sensitive and nobody seems to go back to analyse the decision made to see what the effects of it are.

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