Dáil debates
Tuesday, 22 February 2022
Ceisteanna Eile - Other Questions
Tax Code
9:20 pm
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
I also need to listen to the Climate Change Advisory Council which, as I reminded Sinn Féin in our debate earlier, has advised us that carbon tax is a key component of transition to a low-carbon, climate-resilient and environmentally-sustainable economy. That is its view on this. Of course, I accept the change that is happening. I was at pains to acknowledge earlier that with regard even to the change coming up in May, which in the total cost of energy overall is €0.02 a litre, for many that is a lot. I acknowledge this. This is the reason the Government has brought forward the energy rebate. It is the reason we brought forward the additional fuel payment of €125. It is also the reason we have made many other changes in our social welfare code to protect those who need help the most.
On a number of occasions I have heard many Deputies make reference to where we are with our tax receipts. We did have a strong November, December and January but much of this was fuelled by a high level of savings going into consumption in our economy. This will come to an end. We cannot, on the one hand, be making the case for people's standard of living going down with them being able to purchase less and, on the other, imply the higher level of VAT receipts we see will continue.
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