Michael McGrath (Cork South Central, Fianna Fail)

I accept in good faith the Minister's comments. I welcome the fact that the report to which he alluded will be published. Most reasonably minded people want to see fairness in our taxation system. At times, this issue attracts more debate than is warranted. Various efforts have been made by Revenue to extract as much of a return from these individuals as possible. This process should continue.

The Minister should avail of the best taxation advice available to develop a revised scheme that people cannot circumvent. Those people will be certainly availing of the best professional taxation expertise at their disposal in an effort to minimise the amount of tax they pay in Ireland. We should avail of similar advice to ensure the Exchequer receives its fair share and that the burden of the adjustment we are going through is spread fairly.

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