Dáil debates

Wednesday, 2 December 2020

Finance Bill 2020: Report Stage

 

5:25 pm

Photo of Denis NaughtenDenis Naughten (Roscommon-Galway, Independent) | Oireachtas source

With regard to my concern, I made a similar argument to the Minister last year. While the narrative might have been different, the position was the same. The Minister was not prepared to support remote working. My fear is that the reason for the current narrative is that we are trying to protect the value of pension fund investments. Such funds have bought a lot of office accommodation here in Dublin. That is my genuine fear. We absolutely need to support city centres, but that is not where the issue lies. Across the globe, investors are coming back to city centres to buy office accommodation. The Minister will know of the investment Salesforce is making. It specifically wants accommodation in city centres rather than in any other locations. That is not the issue here.

I am concerned that we are taking an approach that, as far as the taxation code is concerned, involves being completely neutral on where people should work. In reality, that means we are giving an incentive for people to remain in the existing rat run and offices. People will be doing blended working, not working 100% at home. This means whatever equipment is purchased for them to use at home will be utilised for two or three days per week. There will be an additional cost for an employer with a hot-desking facility or if the employee is travelling to the city centre to work for two days per week. That is why the Minister needs to put accelerated capital allowances in place for such employers.

This is supposed to be a green Government. Surely, it makes sense to take commuting cars off the streets of Dublin and all other streets. It should not be only about having vibrant urban cores in our cities. It should be about having vibrant urban cores in our towns and villages where we have hot-desking facilities as well.

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