Joan Burton (Dublin West, Labour) | Oireachtas source

To refer to an earlier discussion, the view of the Dáil probably prevailed in regard to not increasing the cap of €500,000 for the top paid executives. In this case, there is merit in lowering the cap further to around the €500,000 mark. We are talking about somebody earning €1 million for whom the tax break will be worth the guts of €300,000. That is generous and could be minimised. We do not simply want to attract people to Ireland for the purposes of tax avoidance. We are also helping people in this situation with private school fees to the tune of some €5,000. We should continue this conversation so we get to a point where there is an equitable balance in favour of ordinary taxpayers.

See this speech in context