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Seanad: Order of Business (15 Dec 2015)

David Cullinane: We should have a constructive debate-----

Seanad: Order of Business (15 Dec 2015)

David Cullinane: -----and we should allow people then to have their say. Obviously during the election campaign, that will happen, but there is a crisis now that needs to be dealt with.The 45-minute debate we had a couple of weeks ago was insufficient to deal with the real crisis we have at the moment.

Seanad: Order of Business (15 Dec 2015)

David Cullinane: That is not our policy. The Senator must not have read our policy.

Seanad: Order of Business (15 Dec 2015)

David Cullinane: The Senator is wrong.

Seanad: Order of Business (15 Dec 2015)

David Cullinane: We have done that.

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

David Cullinane: I move recommendation No. 8:In page 96, between lines 4 and 5, to insert the following: “69. The Minister shall, within nine months from the passing of this Act, prepare and lay before Dáil Éireann a report on the possibility of establishing a sovereign wealth fund financed by non-cyclical Corporation Tax payments and taxes returned following rulings by the ECJ.”....

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

David Cullinane: I do not doubt the importance of foreign direct investment or that much of the investment in recent years has been bedded down with research and development, which is very important and will make it more sustainable. I do not doubt anything the Minister has said about the figures he has presented, even in respect of growth, although many experts would say that our growth levels in respect of...

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

David Cullinane: I move recommendation No. 9:In page 96, between lines 4 and 5, to insert the following:“69.The Minister shall, within nine months from the passing of this Act, prepare and lay before Dáil Éireann a report on options available for the introduction of a comprehensive asset tax otherwise known as a wealth tax, the report shall include options for the collation of data necessary...

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

David Cullinane: We have had it in every year. Sometimes the civil servants might not give the Minister full information. We have proposed a wealth tax every year for the past five years.However, because the Government and the Department are unable to calculate how much would be raised from a wealth tax, we took the prudent step of saying we could not speculate about how much money would be raised. We...

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

David Cullinane: No, that is not what we are arguing for.

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

David Cullinane: I also recognise manure when I see it.

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

David Cullinane: I know where they are.

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

David Cullinane: I suppose what the House has just got from the Minister is a classic straw man argument and I am surprised at it, or maybe I should not be surprised. Yes we did, and do, support the scrapping of the local property tax which we see as a family home tax. For the Minister to suggest that a property tax is a full wealth tax is to stretch-----

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

David Cullinane: I will get to that. For the Minister to suggest that a property tax, or a tax on a person's home, is the only way to tax wealth really shows the ideological divide

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

David Cullinane: The Minister inferred it when he criticised the proposal.

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

David Cullinane: If Senator Gilroy wants to come in he can express a wish to speak and I am sure the Chairman will allow him to do so. When the abolition of the local property tax was proposed we called for the reinstatement of the second home tax to ensure that properties being used for commercial purposes would be subject to a property tax. The Minister also misrepresented Sinn Féin's position on a...

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

David Cullinane: That is the level of response this House gets from the Minister on this issue. I am flattered that should the Department examine the possibility of a wealth tax it would only do so on the basis of work done by Deputy Pearse Doherty, a document I am sure the Minister has read, and which Deputy Doherty has brought forward to the Dáil. I remind the Minister that I am not asking him to...

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

David Cullinane: Yes, on the basis that I will resubmit it on Report Stage.

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

David Cullinane: I move recommendation No. 10:In page 96, between lines 4 and 5, to insert the following: “69. The Minister shall, within one month of the passing of this Act, prepare and lay before Dáil Éireann a report on options for the abolition of the Local Property Tax.”. These recommendations logically follow and I am sure the Minister will be very pleased with them as well....

Seanad: Finance Bill 2015: Committee Stage (Resumed) (10 Dec 2015)

David Cullinane: I will withdraw the recommendation with the view to resubmitting it on Report Stage.

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