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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: Mr. Geraghty, with respect, ICTU is somewhat more explicit than that as it is proposing a banded system. The Government has been emphatic and clear as far back as October 2009, when the troika came to town, that property tax was on the way. It does not matter what party is in government in the morning and I believe this to be the only country in the world that has socialists who do not...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: That is what I am reading from it, which is the proposal is that-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: The banding of property values is contained in the ICTU proposal.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: The conveyancing documentation has that information. One is not even obliged to measure it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: Would the property's square footage not be carried in the conveyancing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: If the employer was collecting the property tax and was to default on his or her tax payment, which is not an uncommon occurrence, it would mean that the property tax was foregone to the Exchequer.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: Circumstances like that happen in buildings like this, so it is not entirely rare.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: If the company was to default on the tax liability, that would mean the property tax would not be realised.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: I ask Mr. O'Brien to conclude.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: I thank Mr. O'Brien.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: I thank Mr. Sweeney and ask him to respond to questions. There will be other questioners and Mr. Sweeney will have an opportunity to make additional comments.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: Deputy Mathews, I have to direct you towards-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: The Deputy may ask as many questions as he wishes. If the Deputy's question is not related to the agencies or witnesses submissions it is not relevant.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: If there are specific parts of the submissions that mention corporation tax, or if the Deputy wants the delegates to expand on it, please do so. If the Deputy holds his own workshop the witnesses may want to go to see him.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: Let us be specific to the proposal.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: The Deputy is raising the issue of changing the current corporation tax level.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: Will Deputy Mathews please allow the witnesses respond to his question?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: I now call Deputy Boyd Barrett, then Deputy O'Donnell before we conclude.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: I will indulge the Deputy.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: I have indulged Deputies Mathews and Boyd Barrett, but I ask them to refer to the budget submissions. I am not having a theoretical debate on economics.

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