Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Mr. Geraghty, with respect, ICTU is somewhat more explicit than that as it is proposing a banded system. The Government has been emphatic and clear as far back as October 2009, when the troika came to town, that property tax was on the way. It does not matter what party is in government in the morning and I believe this to be the only country in the world that has socialists who do not favour wealth tax through properties but that is a separate point. The fact of the matter is that property tax will be introduced. That is not for discussion. However, the congress brought forward a proposal this afternoon favouring a banded approach. The witnesses should explain to me how the banded approach will work.