Mary Coughlan (Donegal South West, Fianna Fail)

Deputies Higgins and Broughan should be reminded that in recent years, the Department of Finance has evaluated the issue of tax evasion measures. The Minister has introduced procedures whereby we can move away from non-productive means of investment. Deputy Higgins raised one specific case in this regard. It is often forgotten that in the last budget we introduced a situation whereby everybody would be liable for an effective income tax rate of approximately 20%. This supplementary budget deals with the removal of other shelters. As he indicated in his speech, this will be the continued view of the Minister for Finance.

See this speech in context