Mairead Farrell (Galway West, Sinn Fein) | Oireachtas source

I move amendment No. 166:

In page 66, between lines 2 and 3, to insert the following:

“Report on introduction of a progressive Wealth Tax 55.The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on options available for the introduction of a comprehensive and progressive wealth tax. The report shall include options for; the collection and collation of data necessary for the assessment of such a tax, categories of wealth to be included in such a tax, rates applied to certain categories of wealth under such a tax, proposals for the assessment and collection of such a tax, and estimated revenue raised under those options.”.

This amendment relates to a progressive wealth tax. Given the fiscal impact of Covid-19 and the demand for larger and better State and public services, the Government should conduct a review of a wealth tax. This could be done in conjunction with the ESRI, as was done in November 2016. This would better aid the Dáil and the public debate as we emerge from this crisis.