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Seanad: Tax Code: Motion. (2 Nov 2005)

John Dardis: That is not true.

Seanad: Tax Code: Motion. (2 Nov 2005)

John Dardis: That was said about the British, actually, and it was Napoleon who said it.

Seanad: Tax Code: Motion. (2 Nov 2005)

John Dardis: What about the amount of people working in the economy?

Seanad: Tax Code: Motion. (2 Nov 2005)

John Dardis: An extra 450,000 people are working in the economy.

Seanad: Tax Code: Motion. (2 Nov 2005)

John Dardis: Yes, but they are for one sector. The job losses are only in one sector.

Seanad: Tax Code: Motion. (2 Nov 2005)

John Dardis: Sorry, there is the agricultural sector as well. I forgot about the job losses in agriculture.

Seanad: Tax Code: Motion. (2 Nov 2005)

John Dardis: At least such people will be coming home, not leaving permanently as they were when the Senator's party was in power.

Seanad: Tax Code: Motion. (2 Nov 2005)

John Dardis: Does the Senator feel better now?

Seanad: Tax Code: Motion. (2 Nov 2005)

John Dardis: What about capital gains tax?

Seanad: Tax Code: Motion. (2 Nov 2005)

John Dardis: There are universal laws of economics.

Seanad: Tax Code: Motion. (2 Nov 2005)

John Dardis: Newton's law is a universal law of economics.

Seanad: Tax Code: Motion. (2 Nov 2005)

John Dardis: Hear, hear. That is fair comment.

Seanad: Tax Code: Motion. (2 Nov 2005)

John Dardis: I am sorry I could not get my briefing from the Minister. I thank all those who participated in this debate, particularly the Minister for Finance and the Minister of State at the Department of Finance, Deputy Parlon, for their attendance and contributions to the debate. Several requests for a debate of this nature have been made over the past few weeks and I am glad that this evening's...

Seanad: Tax Code: Motion. (2 Nov 2005)

John Dardis: I accept that economics is not an exact science but we can say with certainty that the reduction in personal tax rates led to increased revenue and economic activity and that the reduction in capital taxes also led to increased economic activity. I accept the point made by Senator McDowell that wider factors, such as the social partnership, also helped the economy. However, the reduction in...

Seanad: Tax Code: Motion. (2 Nov 2005)

John Dardis: We attempted to create the wealth that would give the State the revenue to carry out the measures that are essential for the most vulnerable people in our society.

Seanad: Tax Code: Motion. (2 Nov 2005)

John Dardis: There are two sides to the argument concerning capital taxes. One relates to capital gains tax, while the other relates to inheritance tax and other capital taxes. They are not at a level that would be a disincentive to farmers. The Minister rebutted Senator Ryan's point. There is a level, although I do not know what it is, at which taxation is a serious disincentive to people to act and put...

Seanad: Tax Code: Motion. (2 Nov 2005)

John Dardis: It is proper that we have a minimum wage and it has not affected the competitiveness of the country.

Seanad: Order of Business. (9 Nov 2005)

John Dardis: He is seeking an Adjournment debate.

Seanad: Social Welfare Benefits: Motion. (9 Nov 2005)

John Dardis: The Senator has half a minute——

Seanad: Social Welfare Benefits: Motion. (9 Nov 2005)

John Dardis: ——or 30 seconds if the Senator prefers.

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