Oireachtas Joint and Select Committees
Thursday, 7 March 2013
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Finance Bill 2013: Committee Stage (Resumed)
10:10 am
Liam Twomey (Wexford, Fine Gael) | Oireachtas source
The amendment was tabled on behalf of the Irish Cancer Society which argues that cigarette manufacturers are able to make excessive profits in Ireland as a result of current tax structures. The changes provided for in the amendments the society asked Deputies to table will, it argues, hit the profits of cigarette manufacturers harder than they will hit tax revenues from cigarettes. They offer a better way to collect tax as, rather than increasing prices, they would increase revenue for the State and reduce profits for cigarette companies.
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