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Ceisteanna Eile - Other Questions: Budget 2024 (9 May 2023)

Richard Boyd Barrett: Hold on, a Cheann Comhairle. I get a second go. That is part of the process. I tabled the question.

Ceisteanna Eile - Other Questions: Budget 2024 (9 May 2023)

Richard Boyd Barrett: Hold on, a Cheann Comhairle-----

Ceisteanna Eile - Other Questions: Budget 2024 (9 May 2023)

Richard Boyd Barrett: I am going to have an argument, a Cheann Comhairle. I am one of the few people who turned up for their questions tonight. People have come in to substitute for other people. That is fine; I did not say anything about that. All these people did not turn up and then substitutes came running in at the last minute but then I get short-changed when I do turn up for my own question. That is...

Ceisteanna Eile - Other Questions: Budget 2024 (9 May 2023)

Richard Boyd Barrett: I know, but I put the question down.

Ceisteanna Eile - Other Questions: Budget 2024 (9 May 2023)

Richard Boyd Barrett: I want to ask about the stick. I know there are valid reasons sometimes for properties being vacant or derelict. I will give the Minister two quick instances in my area. Directly across from my office is a multi-unit apartment complex owned by a vulture fund. There are 16 perfectly refurbished apartments that have been sitting empty for approximately four years. That fund is doing it...

Ceisteanna Eile - Other Questions: Budget 2024 (9 May 2023)

Richard Boyd Barrett: 66. To ask the Minister for Finance if he intends to make further tax changes in budget 2024 to address the issue of vacant and derelict properties, given the current housing emergency; and if he will make a statement on the matter. [21570/23]

Ceisteanna Eile - Other Questions: Budget 2024 (9 May 2023)

Richard Boyd Barrett: In the face of an absolutely diabolical housing and homelessness crisis that sees record numbers of people in this country with nowhere to live - nearly 12,000 now in emergency accommodation, including nearly 4,000 children, shamefully - it is even more shameful that, according to the census, we have 166,000 vacant properties, 48,000 of those vacant for six years and 23,000 of them vacant...

Ceisteanna Eile - Other Questions: Budget 2024 (9 May 2023)

Richard Boyd Barrett: We are a decade into the worst housing crisis this country has ever seen, and the Government's vacant homes tax is 0.3%, three times the average local property tax rate. The increased wealth that somebody sitting on a derelict or vacant property can make just by sitting on it and paying that derisory tax is multiples of what the Government is asking them to pay. It does not offer any...

Ceisteanna Eile - Other Questions: Tax Code (9 May 2023)

Richard Boyd Barrett: This is not a general discussion about corporate tax rates; this is a specific call for a windfall tax on vulture funds and banks that are profiteering at the expense of mortgage holders who have seen an increase in mortgage interest repayments to the tune of €4,000 or €5,000. These are unsustainable increases in a situation of bonanza profits being made by these vulture funds...

Ceisteanna Eile - Other Questions: Tax Code (9 May 2023)

Richard Boyd Barrett: 61. To ask the Minister for Finance if he will introduce a windfall tax on banks and vulture funds; and if he will make a statement on the matter. [21569/23]

Ceisteanna Eile - Other Questions: Tax Code (9 May 2023)

Richard Boyd Barrett: Greedflation is something that now, somewhat indirectly, even the ECB is acknowledging. We see it in energy and the price of food. This question is about whether it needs to be tackled, and we believe it does, in the area of vulture funds and banks profiteering off the hikes in interest rates. Is the Government willing to respond by imposing a windfall tax on those banks and vulture funds...

Ceisteanna Eile - Other Questions: Tax Code (9 May 2023)

Richard Boyd Barrett: It is a very spurious argument to say that because we saw a few banks leave, we should not consider taking any measures to put taxes on the superprofits that the remaining vulture funds and banks are making. They are doing so at the expense of the incredible hardship mortgage holders are suffering who have seen vulture funds charging 7% and 8% interest, which means thousands of additional...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (9 May 2023)

Richard Boyd Barrett: The certification - the actual issuing of the certs - is partly down to the Department of Finance.

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (9 May 2023)

Richard Boyd Barrett: You are also a member, a Chathaoirligh.

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (9 May 2023)

Richard Boyd Barrett: 52. To ask the Minister for Finance if he is aware of the recent examination of the section 481 film tax credit by the Oireachtas Committee on Budgetary Oversight, and in particular the concerns raised by an organisation (details supplied) regarding the use of buy-out contracts by producer companies on the intellectual property rights of performers and the issues raised by film crew...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (9 May 2023)

Richard Boyd Barrett: The Committee on Budgetary Oversight, of which I am a member, today launched a report on the section 481 film tax credit, which at the moment is running approximately €100 million a year to film production companies in this country to allow them to make movies, something we all want to see happen. The report suggests, however, that continued or increased investment in this area needs...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (9 May 2023)

Richard Boyd Barrett: The problem is the conditions are not being met. In the case of Irish Equity, the motion passed at its recent AGM calls on the Government "to add to SI 119/2019 on film regulations under Schedule 1, information to support an application to the Minister for a certificate under section 481 of the Act of 1997, that any such application must engage all performers, authors and contracts that...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (9 May 2023)

Richard Boyd Barrett: To put it simply in the short time available, producers are happy enough with the status quo. They make actors, performers and writers sign buy-out contracts, but that is not good for actors and performers. Similarly, the fixed-term workers directive and legislation are very clear. Companies cannot abuse the successive use of fixed-term contracts. Workers who work on several of these...

Food Costs and High Grocery Bills: Motion (Resumed) [Private Members] (9 May 2023)

Richard Boyd Barrett: I thank Sinn Féin for bringing forward this important motion. Profiteering is the problem. It is as simple as that. Grocery prices have risen by 17%, an estimated increased cost of €1,200 for the average household. That is additional profit being made by somebody else. We all know who is making those profits. It is the big supermarket chains, wholesalers and meat processors....

Europe Day: Statements (9 May 2023)

Richard Boyd Barrett: A day where we are discussing Europe is an opportunity to talk about what real internationalism should mean. I have little doubt that the majority of people who support and subscribe to the idea of the EU are motivated to do so by a genuine belief in international solidarity and co-operation. They reject a narrow parochial view of our place in the world but believe in genuine...

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