Dáil debates
Tuesday, 15 October 2013
Financial Resolutions 2014
No. 3: Income Tax; No. 4: Income Tax
8:35 pm
Pat Rabbitte (Dublin South West, Labour) | Oireachtas source
There is an age old rule of thumb regarding what is required to comply with being a Financial Resolution on the night of the budget and I am advised this fits the requirement. The figures tend to show that December is the busiest month of the year in the context of this kind of investment. This was the case going back to the old BES and other schemes. With regard to where the figures come from, the figures mentioned by the Deputy are the assessment of the Revenue Commissioners. I do not know what the cost is, in terms of the extension Deputy Naughten advocated or of motion No. 4 in the context of the three-year stimulus period. It is difficult to make a stab at whether people will be running out or not and it is difficult to calculate. However, the idea behind it is not that there was particular lobbying, but that it is just another measure in the suite of measures the Minister for Finance announced today that is calculated to stimulate economic activity.
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