Pearse Doherty (Donegal South West, Sinn Fein)

We have thrashed out this Bill over the past couple of hours. Section 4 imposes the pension levy which will have an effect on those holding pensions. We have discussed the issue whereby the likes of Seán FitzPatrick are being exempted from this legislation. There is a cost-neutral alternative, however, in the form of discretionary tax reliefs at the lower rate of tax. These would actually bring in more than the proposed levy. On that basis, I am opposing section 4 and will be pushing it to a vote.

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