Peadar Tóibín (Meath West, Aontú) | Oireachtas source

I add my support for Deputy Doherty's amendments. REITs are given a competitive advantage in the market through taxation. They already have a competitive advantage with regard to the international interest rates that they receive. They have a distorting effect on the market. They crowd out other purchasers they compete with. The tax forgone is an opportunity cost. That tax take could be used for many purposes throughout society. Pressures are coming from every direction at the moment. The Government should be looking to maximise its tax take from these hyper-profitable organisations.