Oireachtas Joint and Select Committees
Tuesday, 26 November 2013
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Finance (No. 2) Bill 2013: Committee Stage
6:20 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
I move amendment No. 51:
This is a simple amendment asking the Minister to hold off on lifting any more measures from the current high earners' restriction. The restriction is in place for a reason and I would like to see an analysis of how it is working, after various restrictions have been lifted, and also to hear the rationale other than that it is all about creating jobs and investment. There is a reason for the high earners' restriction and when we lift measures from it, even with good intention and motivation, it weakens the restriction. I am suggesting, through this amendment, that we review this within one month of the passage of the Act to examine the effect of the exemptions on the restrictions so far and the effect of the temporary removal of this restriction for a three-year period.
In page 25, between lines 26 and 27, to insert the following:
“16. The Minister shall review within one month of the passing of this Act all exemptions that have been allowed to the Higher Earners’ Restriction and provide a report to Dáil Éireann on the effects of the temporary removal of the Employment and Investment Incentive from the Restriction.”.
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