Dáil debates
Wednesday, 5 December 2007
Financial Resolution No. 4: Income Tax
9:00 pm
Damien English (Meath West, Fine Gael)
It is acceptable if the person pays tax on the difference in profit from the interest rate he or she is charged and the market interest rate. The problem we have is that the rate which is being set will be well above the market interest rate for home and personal loans. It seems excessive and too high. We accept the principle of what is being done but it is too high and is unfair.
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