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Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: I will table an amendment tomorrow specifically to deal with that issue. There are also very serious concerns being raised about the entitlement to use allowances and reliefs to minimise tax liability. It was correctly curtailed in 2006 and again in the Finance Act 2010. I am specifically raising this matter on behalf of family hoteliers who are being treated as high earners if they use a...

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: It is now sovereign debt.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: They sure did. It is a pity the Government cannot point to other good things it did.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: The Government is taking money from people who are saving it for their retirements.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: The Senator's party asked for it.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: No, they are not.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: That is not true.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: It will affect the average VHI family policy.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: It is not, because the Government sold it as a minor thing.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: We have been saying that for years.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: I blame Senator Cullinane.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: No you are not.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: We costed that.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: How long did the Minister of State state the pension levy will stay in place?

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: The Minister State missed that.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: Come on. The Minister of State is stretching it.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: Is that a new levy?

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: No, I do not support it.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: The industry does not trust the Government to keep it.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Darragh O'Brien: Gold plated.

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