Dáil debates

Thursday, 2 February 2017

12:20 pm

Photo of Frances FitzgeraldFrances Fitzgerald (Dublin Mid West, Fine Gael) | Oireachtas source

The Deputy has raised a number of issues. On the CSO data, I welcome that survey which shows that Ireland became a wealthier and more equal country in 2015 as compared with 2014. It is also shows an increase in income of 6.2%, with consistent poverty falling from 8.8% to 8.7% and a significant fall in deprivation rates. The rate of those not poor but at risk of falling into poverty is also decreasing. This data highlights the improvements that have been made in regard to those issues.

The Deputy also raised the issue of NAMA and section 110. As the Deputy will be aware, that issue has been discussed in the House previously. The Government has taken action in regard to section 110. A a decision was taken to end the eligibility of section 110 companies, not taxable in Ireland, in relation to profit-making from property-related investment under that section. That change has been made.

The Deputy's point about lobbying, vulture funds and contacts with the Department of Finance is an important point in relation to lobbying on tax policy. A lobbyists register has been put in place. If there is evidence of people who should be registering not doing so that needs to be pursued. The message must go out to people that if they are lobbying in any area of government policy they need to register. I will ask the Minister to examine the report from which Deputy Burton quoted. There are clear obligations on lobbyists, the legislation in respect of which is very recent and was introduced by the previous Government. I am sure that it will be reviewed and that any gaps identified will be examined.

The principal point is that we all expect that if we have legislation stating lobbyists ought to register, they should do so. I understand many have registered. If there are gaps, however, they need to be examined. If changes to the legislation are required in order for that to happen, that can be considered.

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