Cian O'Callaghan (Dublin Bay North, Social Democrats)
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Amendment No. 75 is about the banking levy. Section 80 maintains the banking levy at what I consider to be a derisory rate of 0.1%. Given that the larger banks in Ireland are not contributing corporation tax, I do not think it is a sufficient contribution. At a minimum, the levy should be ensuring the contribution akin to a normal year’s corporation tax contributions. There should be a report and, furthermore, there should be a proper contribution through the banking levy until we get back to a situation where we have normal corporation tax contributions being made by the banking sector.