Brendan Smith (Cavan-Monaghan, Fianna Fail)

At least two Deputies referred to the 1% levy. In the aftermath of the budget I discussed the issue with individual farmers, colleagues in the Oireachtas and farm organisations. I then spoke to the Minister for Finance, Deputy Brian Lenihan, about the imposition of the 1% levy and how it might affect the farming community. The issues of taxation and the 1% levy will be finalised in the Finance Bill 2008. I have already conveyed to the Minister for Finance the issues raised by the farm organisations. I have also discussed with the Minister for Finance measures which could be considered in the Finance Bill 2008 that may affect new and young entrants to agriculture.

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