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Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: We all agree with hyperbole as a good way of making a point on some occasions, but this is blatant exaggeration. The rate of tax is 0.18%. Even a deferral for 20 years would result in an outstanding charge of not more than 3.6% to 4% of the house value and that will not drive anyone out of his or her home.

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: Exaggerated positions have been taken up. I stated already that we will deal with the pyrite issue in the finance Bill. We will construct it so that those concerned do not have to pay anything. The situation regarding Priory Hall was mentioned. I regret I do not recall which Deputy.

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: Priory Hall is an unfinished estate and in the exceptions for unfinished estates, there will be no charge on Priory Hall. Priory Hall was exempt from the flat-rate tax and it will be exempt from this tax. There will be no charge in that case. Owners will have the liability to pay and the tenants of private sector landlords may bear some of the costs if landlords pass it on. On the other...

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: We will-----

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: This is the old tradition of a colony, that one will not obey the state because it is not our state. We have been running our own affairs since 1922.

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: It is about time Deputy Mattie McGrath backed the Revenue-----

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: -----and, as a public representative, stated that the Revenue should collect the taxes.

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: It is about time Deputy Mattie McGrath stated that people should pay their taxes.

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: One is not dealing with a foreign power anymore.

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: One is dealing with our own Government since 1922.

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: Deputy Mattie McGrath spoke of the pike in the thatch, fellows setting fire to the thatch and all of that old grá mo chroí rhetoric.

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: Deputy Mattie McGrath must be looking at black and white movies when he is selling all of that kind of stuff.

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: They are all right. They are quite safe. I do not want to be taking up good debating time.

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: It is a tax which will be used by local authorities.

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: In the first year 65% of it will be transferred to local authorities, because obviously administrative measures must be put in place, and this percentage will increase. Over the space of a couple of years the total amount collected through this tax will be used by local authorities to fund the services they provide. When the estimate is being prepared by the new local authorities at the end...

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: I am not putting taxes on work.

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: The money is coming from everybody who is the owner of the property-----

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: ----but the problem previously was people such as Deputy Higgins refused to pay, but this time he will pay because it will be taken from him if he does not.

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: This is the difference.

Finance (Local Property Tax) Bill 2012: Committee Stage (Resumed) and Remaining Stages (18 Dec 2012)

Michael Noonan: We will have a situation where everybody will pay on this occasion and there will not be guys like Deputy Higgins. He is always giving out about the bondholders. He is another bondholder in a small way. He will not pay his way. He will not pay €100. He will avail of local services but he will not pay €100.

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