Dáil debates
Tuesday, 1 October 2024
Financial Resolution No. 3: Capital Acquisitions Tax
8:45 pm
Thomas Pringle (Donegal, Independent) | Oireachtas source
I fully oppose this measure because it is wrong. It targets and benefits the people who least need it. I wonder how many farmers in the country will be affected by this. I do not know. I would like to hear from the Minister how many he expects to benefit. I see this tax break benefiting wealthy business people across the whole country. That is who this is aimed at and who it is meant to benefit. It is interesting to look at the debate that has happened since this tax was mooted. The media and the politicians have all targeted the same people. They have said that people in households will be targeted or something at the end. That is not the case. I have even had people talking to me about this in my constituency office. These are people who will never have an asset worth this value, and they think they are going to be targeted. It is a big success for the Government in the way it has targeted this measure and made the public argument and discussion be about ordinary individuals and how they will be impacted. This is not aimed at them. This is aimed at wealthy business people so they can pass on assets at a reduced cost. That is what this measure is about.
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