Joan Burton (Dublin West, Labour) | Oireachtas source

The information provided by the Minister suggests what I always felt about SARP, namely, that it is one of those schemes sold off the shelf by accounting and law firms around the world so people who are interested in tax avoidance might now be using Ireland for that purpose. In 2016, the scheme had some four people who earned over €3 million. Therefore, effectively, their contribution in terms of tax payable stopped at €1 million. This was worth at least €600,000 per year to each of those four people.

The Minister referred to tax justice and tax equity.

It is wrong. I can understand why Deputy Michael Noonan favoured this so much as it was very much his contribution to tax policy in 2012, when there was no activity at all in Ireland. However, it is time this scheme was drawn in.

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