Dáil debates
Thursday, 7 November 2013
Finance (No. 2) Bill 2013: Second Stage (Resumed)
2:35 pm
Michael Creed (Cork North West, Fine Gael) | Oireachtas source
It is unfortunate that the Government falls into the response of assuming that most men walk away from parental duties; they do not. The Minister has sent a signal that he will deal with this in some way by apportioning the tax credit to one party or the other where either party may not have a taxable income. Where there is a court agreed apportionment of custody in light of financial circumstances, the credit should also be apportioned on that basis. If there is a 50-50 agreement on parenting, the credit should be apportioned 50-50. It is a significant asset, amounting to approximately €1,600 a year. Hitting someone unilaterally overnight by taking it away is a financial blow that many cannot survive. I welcome the signal sent by the Minister for Finance of some movement but more needs to be done to achieve equity.
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