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Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: The Senator is right and we agree with him.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: That is a very important statistic. One could argue that we should continue to go after that group of people at the top who pay a marginal tax rate of 41% plus 11%, between USC and PRSI. It is 52%. On €32,500 one is whacked on everything. Anyone earning more that is whacked on 52%. A self-employed person is whacked on 56%. The first thing the previous Government had to do was to...

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: I am paying attention.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: I am ready.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: I am very ready.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: I have assured the Senator three times that I am listening to him.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: I am actually trying to assess a point the Senator made earlier.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: The Senator is a mine of information on VAT rates.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: Senator Power will have to come and work for the Department of Finance.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: That is part of a proposal that we had in last year's Finance Bill.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: News of my demise is much exaggerated.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: The period is now 12 months.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: Tax confidentiality is an issue.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: The CSO's information is not as good as Revenue's. There is an argument about the base figures used by the Nevin institute. The CSO's figures are not as complete as Revenue's.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: I fully agree with that point.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: The expert is here.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: It is there in black and white.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: It is not.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: He did not say that.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: He did not.

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