Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

It would be welcome if the group looking at the tax strategy papers could carry out the work and publish it. We want to encourage people to take out pensions but less than half the country has a pension. We should not forgo tax on billions in Irish property so that the other half can get a better pension. This other half has larger incomes. Some 37% of the IPUT portfolio is made up of European institutional investors, as opposed to Irish institutional pensions schemes, so a large section is going untaxed. A fundamental principle is that property should be taxed in the country where it is situated. There are other issues which we will deal with in the other amendments but I welcome the proposal that the tax strategy group deal with this and I will withdraw my amendment. If the tax strategy group carries out a review of the tax structure within IREFs that allows individuals to neutralise or significantly reduce tax, and comes up with proposals to deal with this, I would welcome it.