Results 6,461-6,480 of 27,073 for speaker:Richard Boyd Barrett
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: We have had the discussion and the Minister is essentially saying that we will scare the horses of investment. He is suggesting that the wealthy will fly out of the country if we tax them a bit more but that is an old argument that has been around forever. It is a justification for never trying to address the inequality in wealth and income. It is worth saying that the Government was put...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: I move amendment No. 5: In page 10, between lines 8 and 9, to insert the following: “CHAPTER 3 Wealth TaxesReports 3. Within three months of the passing of this Act, the Minister shall lay a report before Dáil Éireann, on the amount of revenue that would be raised if he or she were to abolish the current Local Property Tax and impose a new Non Principal Private Residence...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: Indeed. While I never really expected that the Minister would take on board the wealth tax or our more far-reaching proposals on corporate tax, this is one that should be considered. This amendment seeks to have a report prepared, and ultimately implemented, on getting rid of the tax on the family home and replacing it with a tax on multiple properties. This amendment makes a distinction,...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: We would be making some money for the Minister.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: It is an interesting admission by the Minister that if we imposed this tax on people who own multiple properties, they might pass it on to tenants. He is effectively admitting that his rent control measures will be completely ineffective. I happen to agree with him. The Government is trumpeting that it will limit rent increases to 2% or the rate of inflation, depending on which is lower....
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: Yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: Before Deputy Nash speaks to the amendment I want to point out that I have to rush off to do something but my amendment No. 9 on the special assignee relief programme, SARP, is coming up. Is there any way somebody could formally move it for me if I am not back?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: Would the Deputy formally move the amendment?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: The Deputy can speak on the section.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: Deputy Mairéad Farrell could speak on the amendment when the end of the section is reached.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: I appreciate that, Chair. Trying to bilocate in here can be difficult at times. The amendment which I had hoped to move related to this section. It was amendment to look at the special assignee relief programme. This is one of the most egregious tax breaks that is given to some of the highest earners in this country. Many people are not aware of it but it really sticks in the craw of any...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: I indicate my support for this amendment. People who were in multi-unit complexes where there were significant defects related to lack of proper compliance with building and fire safety controls, and who have had to pay large sums of money, should absolutely get some retrospective compensation for that fact. They, along with the people affected by mica and pyrite, are the victims of cowboy...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: Even at the Maritime Area Planning Bill.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: Section 5 was opposed by Deputies Nash and Doherty.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: In fairness, a lot of the things are amendments but sometimes people will have genuine questions about sections.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: Indeed. It is legislative scrutiny.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: I would like to speak to section 16.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: Apologies.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: The problem is that large numbers of Irish workers owe more money than they have. They do not have money to save. If the pension model that we have for the future is such that one third of workers contribute towards their own pensions, then two thirds will not. They cannot afford to because they are paying the USC, to name just one of many outgoings. If the pension model that the...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)
Richard Boyd Barrett: People with fairly large earnings are benefiting substantially from the reliefs. To my mind, fairness requires a different model that addresses this situation where the bulk of the reliefs go to higher earners. Unlike some, I am not proposing standard rating because that would still hit workers in the middle. Something that we proposed was reducing the pensions earning limit from...