Dáil debates
Wednesday, 5 December 2012
Financial Resolution No. 14: Capital Acquisitions Tax
8:05 pm
Kevin Humphreys (Dublin South East, Labour) | Oireachtas source
It is unfortunate that small savings cannot be separated from the 3% increase, but this may be an education for Sinn Féin. A wealth tax is about taxing assets. The taxes under Financial Resolutions Nos. 10 and 11 will accrue €64 million. Deputy Boyd Barrett has a sense of reality; we need money, and the way to get it is to tax assets in banks. However, Sinn Féin obviously does not believe in a wealth tax, as it bucks when it must take difficult decisions. The motions that we are debating are truly progressive.
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