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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: It is a voice vote.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: Not agreed.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: Amendment No. 16 can be moved. I am standing in for Deputy Doherty. I have-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I would like to speak to the section.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: It will not be. I never do that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I would like to ask some quick questions on section 9.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I have direct questions for the Minister on section 9.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: Homes to go to. I do not.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: My contribution will be short and sweet. This is quite technical. To support this, it is important we have an understanding of this. My first question is in regard to the motivation for this change. I would welcome a brief, real world example of the its implications. We are allowing the excess balance of the occupational pension scheme to be transferred to an approved retirement fund,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I move amendment No. 16: In page 20, between lines 25 and 26, to insert the following: “Report on economic and distributional impact of the Help to Buy Scheme 16. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the economic and distributional impact of the Help to Buy Scheme.”. I will not rehash...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I move amendment No. 17: In page 20, between lines 25 and 26, to insert the following: “Report on Trans-Border Workers’ Relief in the context of Cross-Border Workers 16. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a comprehensive report on the Trans-Border Workers’ Relief in the context of people who...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I will do a voice vote, but I will be bringing it back on Report Stage.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: Amendments Nos. 19 and 20 were supposed to be with another amendment but we could not move them at the time because the Deputy was not there.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: No.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: No. I cannot remember whether it was Deputy Tóibín or another Deputy who had the other amendment and was not here. We said we would take it at this stage.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: No, it was not moved. I will move amendments No. 19 and 20. However, they are grouped and I will only speak once.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I do not know who is happier about that: me or the Vice Chairman. I move amendment No. 19: In page 20, between lines 25 and 26, to insert the following: “Report on tapering out of income tax credits 16.The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on tapering out income tax credits for incomes between...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I propose to reintroduce this amendment on Report Stage. I disagree with the Minister. We thrashed it out earlier. This is important and I would have liked to have seen it included.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Mairéad Farrell: I move amendment No. 20: In page 20, between lines 25 and 26, to insert the following: "Report on income levy on high incomes 16. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the introduction of a high-income levy on high incomes in excess of €140,000.”.

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