Oireachtas Joint and Select Committees

Wednesday, 14 June 2023

Committee on Budgetary Oversight

Taxation of Assets and Wealth: Discussion with Oxfam

Photo of Aindrias MoynihanAindrias Moynihan (Cork North West, Fianna Fail) | Oireachtas source

I thank the witnesses for the presentations. It has been an interesting conversation. They might be able to shed some light on one or two areas, because I am trying to get a handle on what they would consider for the tax. How is wealth measured? Is it in the area of buildings such as a family home or shares, which are more tangible? Is it in less tangible areas such as intellectual property, patents or licences that might be held for activities overseas and so on. I wish to get a handle on that area. What kinds of thresholds are we talking about? The perception might be that it is about oligarchs, but is it also John and Mary's family home over the road? Where are the thresholds? I see there are different schemes in place in areas such as Norway, France and other jurisdictions. I am trying to get a handle on where one would see Ireland sit on that.

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