Mr. Tim Duggan:

The reason for this is that there is balancing going on. Instead of somebody getting an incentive at 20% as they would during the tax, they are going to get it at 25% to make up for that increase in the incentivisation. High earners will also get it at 25%, not at 40%, as they do in the tax relief system. As I said at the beginning, and maybe the Deputy missed this, you either buy the premise that people should be treated equally in terms of incentivisation and that every man’s euro is as valuable as another’s. If you do not, then you will definitely be in the tax relief camp. If you do, you cannot be in the tax relief camp. That is what it boils down to.