Dáil debates
Friday, 11 December 2015
Finance (Local Property Tax) (Amendment) (No. 2) Bill 2015: Committee and Remaining Stages
12:20 pm
Peadar Tóibín (Meath West, Sinn Fein) | Oireachtas source
It is also talking about the reduction of USC constituting a threat of inflation or to the delivery of public services. Sinn Féin is saying, "By all means create a broad tax base, but do so in a way that reflects the incomes of individuals". Why design a tax rate that is ignorant of the incomes of individuals? For nearly 300 years, western society has been trying to order its tax to take individuals' incomes into consideration. The Bill admits that the tax does not take incomes into consideration. Why alter the key element of the tax in the first place and divorce it from the value of the house? The Bill is an admission that the tax in its own right does not work. The Government should bring it to its full fruition and take a bit of advice from Sinn Féin in the future.
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