Oireachtas Joint and Select Committees

Wednesday, 14 June 2023

Committee on Budgetary Oversight

Taxation of Assets and Wealth: Discussion with Oxfam

Photo of Patricia RyanPatricia Ryan (Kildare South, Sinn Fein) | Oireachtas source

I thank the Cathaoirleach. In Oxfam's briefing paper, Survival of the Richest, recommendations 2 and 3 talk about imposing the highest possible tax on the 1%, that is, the richest of the richest. How does Oxfam envisage stopping those obscenely rich folk from merely avoiding taxes? It is one thing to tax wealth that is measurable in the form of assets and goods in the State. Is it something else entirely to tax citizens who offload wealth to tax havens outside the State or divert it to shell corporations or syndicates of which they happen to be the benefactors? I would appreciate a brief answer on that.

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