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Finance (No. 2) Bill 2008: Report and Final Stages (16 Dec 2008)

Joan Burton: I move amendment No. 5: In page 9, between lines 19 and 20, to insert the following: 2.—Marginal relief shall apply in respect of the income levy over €18,304 threshold and up to €25,000 in a manner to be prescribed by regulations made by the Minister for Finance under this section.". I am very surprised at the Ceann Comhairle's decision to rule out of order the first amendments....

Finance (No. 2) Bill 2008: Report and Final Stages (16 Dec 2008)

Joan Burton: I find the Minister's approach very disappointing. When governments around the world are producing stimulus programmes for their economies, the strategy in this budget is not only to increase taxes, but to increase them in a counterveiling way. Much of the increased taxation in the budget is disastrous for the real economy. Of the tax increases the Minister put forward in the budget, the...

Finance (No. 2) Bill 2008: Report and Final Stages (16 Dec 2008)

Joan Burton: It is working.

Finance (No. 2) Bill 2008: Report and Final Stages (16 Dec 2008)

Joan Burton: Yes.

Finance (No. 2) Bill 2008: Report and Final Stages (16 Dec 2008)

Joan Burton: I move amendment No. 7: In page 9, between lines 19 and 20, to insert the following: 2.—For the avoidance of doubt, nothing in respect of relief from taxation in respect of remittance arrangements is intended to constitute relief in respect of the income levy.". With reference to the Minister's last comment, this amendment will test which of us is closer to Scandinavia and which to the...

Finance (No. 2) Bill 2008: Report and Final Stages (16 Dec 2008)

Joan Burton: On amendment No. 7, will the Minister outline the position of the levy charge on persons who are on a remittance basis?

Finance (No. 2) Bill 2008: Report and Final Stages (16 Dec 2008)

Joan Burton: No, but when the new remittance system goes into operation, I will seek to establish that what the Minister says actually applies because I believe strongly that the section the Minister has drafted is open to avoidance and mitigation in respect of the levy.

Finance (No. 2) Bill 2008: Report and Final Stages (16 Dec 2008)

Joan Burton: I move amendment No. 15: In page 38, between lines 10 and 11, to insert the following: "8.—Where medical expenses claimed as a tax credit consist of or include IVF treatment, the expenses shall to that extent be allowable at the higher rate.". I raised this matter with the Minister on Committee Stage. The Minister has proposed to flat rate medical expenses relief, which was allowed at 41%...

Finance (No. 2) Bill 2008: Report and Final Stages (16 Dec 2008)

Joan Burton: I am disappointed by the Minister's statement. He will be aware that a couple in which only one person works is subject to a much more penal tax code because of the absence on individualisation. I believe I explained that for a number of people who undergo IVF treatment, the process can be highly intensive and one may find that only one spouse works. Consequently, the Minister's remarks do...

Order of Business (16 Dec 2008)

Joan Burton: I find the earlier comments made by the Taoiseach to be incomplete. I want to know whether the Government plans to provide time for a debate between now and the Dáil's adjournment on Thursday if the Government decides not to introduce the necessary legislation in respect of the National Pensions Reserve Fund. Despite everything he has said about the banks, he failed to mention the elephant...

Order of Business (16 Dec 2008)

Joan Burton: Underwriting is a form of insurance.

Order of Business (16 Dec 2008)

Joan Burton: Has the Taoiseach already handed over the Bank of Ireland to the Mallabraca consortium, Carlyle and J.C. Flowers?

Order of Business (16 Dec 2008)

Joan Burton: May we have a debate?

Order of Business (16 Dec 2008)

Joan Burton: In the interests of business, may we have an indication if the Taoiseach and Government are prepared to make time for a debate?

Order of Business (16 Dec 2008)

Joan Burton: Nobody believes that. Why are the shares tanking?

Order of Business (16 Dec 2008)

Joan Burton: Why are the shares down?

Order of Business (16 Dec 2008)

Joan Burton: Why are the shares at 30 cent?

Order of Business (16 Dec 2008)

Joan Burton: I welcome the Taoiseach's statement to the effect that time may be allowed for a discussion of the bank capitalisation proposal. It will send a solid signal to markets, namely, that the Government has some sense of what it wants to do. To wait until the end of January would be unbelievable. Concerning promised legislation, the Tánaiste stated on 20 November that health insurance...

Order of Business (16 Dec 2008)

Joan Burton: It has been a development of our democracy, flawed and all as the Minister may see it.

Order of Business (16 Dec 2008)

Joan Burton: The Minister did not cut the €6 million for——

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