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Finance Bill 2011: Motion. (27 Jan 2011)

Joan Burton: With just two Government amendments to the Bill on Report Stage, I suggest it is possible for everybody in the Chamber who wishes to contribute to finish the debate possibly an hour earlier than set out in the schedule. We would like to be advised of the flexibility available in the event of that possibility becoming a reality.

Finance Bill 2011: Motion. (27 Jan 2011)

Joan Burton: We stayed until the end of the debate last night.

Finance Bill 2011: Motion. (27 Jan 2011)

Joan Burton: Sinn Féin did not even table an amendment.

Finance Bill 2011: Motion. (27 Jan 2011)

Joan Burton: The party did not put down amendments.

Finance Bill 2011: Motion. (27 Jan 2011)

Joan Burton: That is fine.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Joan Burton: I move amendment No. 1: In page 9, between lines 11 and 12, to insert the following: "PART 1 COST BENEFIT ANALYSIS OF TAX EXPENDITURES 1.—The Minister shall within one month from the passing of this Act prepare and lay before Dáil Éireann a report on a cost-benefit analysis of tax expenditures provided for by this Act, setting out the costs of tax foregone, and the benefits in terms of...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Joan Burton: I move this amendment on behalf of the Labour Party. It makes a provision that all tax expenditure and schemes would be subject to a full cost-benefit analysis to be published. If the Dáil and Fianna Fáil while in government had adopted this approach, particularly after 1997 and 1998, we probably would not have had the kind of economic crash which the country has since suffered. Last...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Joan Burton: I want to press the amendment, a Cheann Comhairle, because this goes to the heart of why the economy collapsed and why so many people are suffering unemployment and many of the young have very little immediate prospect of getting work. Basically, we hear tax breaks work because we have a hunch they will actually encourage this person or that to invest. Of course everybody wants to see...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Joan Burton: -----which says we will not do it in the future. My colleague, Deputy Michael D. Higgins, says "a firm purpose of amendment". Fianna Fáil still wants to run away from saying we have to change how we do things if we are to repair and rebuild the economy and get people------

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Joan Burton: We have to give hope to our young people and we have to get the jobs back. We just cannot go on in the way Fianna Fáil did for 13 years. This is one for small change. I commend the amendment to the House.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Joan Burton: I move amendment No. 2: In page 9, between lines 11 and 12, to insert the following: "PART 1 Publication of Certain Bonuses 1.—Each credit institution that is participating in the eligible liabilities guarantee scheme shall be required, within 30 days of the passing of this Act, to submit to Dáil Éireann details of the names of all of its officers, employees or contractors to whom bonuses...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Joan Burton: It would be good to have all these ideas subjected to a cost-benefit analysis and from that point of view I welcome the proposal. However, I would be wary of the development of terms such as "intellectual trading losses" which is quite broad. I would be somewhat concerned that people with imagination who design tax schemes might be excessively imaginative. We need to be cautious and...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Joan Burton: The Minister will not be in Dublin West on that day.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Joan Burton: I will explain his absence.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Joan Burton: The European Central Bank embarked on a particular course on the euro. The euro has been of great value to Ireland and I do not believe Ireland should leave the euro even though others in this House have a different view. It should be noted that if Ireland left the euro all the mortgages would be restated in a new Irish currency and would therefore be heavily increased in cost almost...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Joan Burton: Does that include the amendment in regard to application of the universal social charge to the bankers' bonuses?

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Joan Burton: I move amendment No. 6: In page 9, between lines 26 and 27, to insert the following: 3.—Section 3 shall not come into operation save by order of the Minister which may only be made after the Minister has carried out an economic and social impact assessment of the introduction of the universal social charge, particularly in respect of those on medical cards or over the age of 70 who were...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Joan Burton: We will tell Deputies Lowry and Healy-Rae they had absolutely nothing to do with that Committee Stage amendment that we heard about yesterday. It must be news to them because they were up and down the plinth and on every radio station, particularly in their home counties, claiming a fair degree of credit, if not the total credit, for the amendment. That is in the newspapers.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Joan Burton: It is a very odd Government to have had this very relieving and helpful news for people with medical cards but which forgot to relay that news. That means the Government must be close to breaking up. I always thought Fianna Fáil worked on the Margaret Thatcher principle of telling them you will tell them, telling them and then telling them you told them. Fianna Fáil is in a fair old...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Joan Burton: Yes.

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