Oireachtas Joint and Select Committees

Wednesday, 6 March 2013

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Finance Bill 2013: Committee Stage

10:20 am

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

On the progressivity of income tax, the proposal made in the amendment would not yield the sums forgone. Deputy Pearse Doherty talked about Deputy Michael McGrath's amendment in respect of a new rate of income tax of 48%. A third rate would increase the top rate by seven percentage points.

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