Gerald Nash (Louth, Labour) | Oireachtas source

There is a growing debate in Ireland and globally about wealth inequality and the concentration of wealth in the hands of all too few people. The domicile levy was introduced in 2010 by one of the Minister’s predecessors, the late Brian Lenihan, and it was designed to get super-rich tax exiles to make some form of a contribution to the Exchequer at a difficult time for our economy. In reply to me last week, the Minister indicated that in 2021, only 13 people had paid the domicile levy, with €1.6 million collected. Does this small number, in terms of both the outturn and the number of people who paid, as well as the drop in the number of people who have paid in recent years, concern the Minister? Does he have any plans to reform the levy?

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