Oireachtas Joint and Select Committees
Thursday, 8 November 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups
11:30 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
I welcome our guests. I might take Ms O'Meara up on the idea of extracting further profits from the tobacco companies operating in Ireland. Does such a model work elsewhere and could we emulate it? Extracting profits is an attractive idea about which I would like to know more. What level of profits is being earned by tobacco companies in Ireland?
What does Mr. Lyons believe the impact will be on householders of adopting a site value tax as opposed to the Government's apparent plan, namely, a market value tax? If the burden is being spread via a site value tax to other forms of property owners, will individual households have smaller bills? What categories of people are captured by a site value tax that are not captured by a market value tax?
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