Oireachtas Joint and Select Committees
Tuesday, 15 November 2016
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2016: Committee Stage (Resumed)
2:00 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
It is 100% so there is no capital gains tax. They will walk away with all of the value of that appreciation of Irish property assets that they bought worth billions of euro, and we are going to let them do it. I do not understand the rationale for that. Does the Minister of State not think we should not allow that to happen and rather we should grab it all, or a very big portion of it, and at least apply the normal taxes that would be paid by any other business on the profits and capital gains, if not much higher taxes given what is happening in the property sector and the disastrous situation with the affordability of property?
No comments