Oireachtas Joint and Select Committees

Thursday, 18 November 2021

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2021: Committee Stage (Resumed)

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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I can understand some of the Minister's logic. As the net is far bigger, with a lower rate we might be able to move some of these sites on. However, it does not take away from the fact that by 2024, when this kicks in, the tax liability for sites where the owners currently pay the vacant site levy will reduce by more than half. That is problematic because at that point, rather than being an incentive, it will be a bit of a disincentive compared with the trajectory it had been on.