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

Photo of Michael McGrathMichael 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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