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Ceisteanna Eile - Other Questions: Tax Code (10 Apr 2024)

Michael McGrath: The Deputy has raised the importance of policies designed to support individuals in retirement. As both career paths and the shape of life after retirement change, Government policies need to continue to align with the needs of retirees. Pensions have their own special treatment within the tax system to encourage these preparations. Ireland operates an exempt-exempt-taxed system....

Ceisteanna Eile - Other Questions: Tax Code (10 Apr 2024)

Michael McGrath: I thank the Deputy. Those are all important issues he raised. Tax policy can play an important role in supporting wider public policy objectives, and when it comes to vacant bedrooms, for example, and the spare capacity that is there, we have the rent-a-room relief scheme and there is already a generous CGT relief for a principal private residence. Nevertheless, again, if the Deputy has...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Sanctions (10 Apr 2024)

Michael McGrath: I thank the Deputy. At the outset, it has to be clarified that restrictive measures, or sanctions as they are generally referred to, are first and foremost, a policy intervention utilised by the EU in regard to Common Foreign and Security Policy, CFSP. As such, they are predominantly discussed at the EU Foreign Affairs Council. As the Deputy is aware, Ireland is represented at the Foreign...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Sanctions (10 Apr 2024)

Michael McGrath: As I said in my initial reply, the issue of sanctions is predominantly discussed and dealt with at the EU Foreign Affairs Council. As I said, when the issue of sanctions is discussed at ECOFIN, it is within the context of the economic impact of the European Union. The political decision to impose sanctions for the reasons the Deputy has outlined is not one that would be led by ECOFIN. As...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Sanctions (10 Apr 2024)

Michael McGrath: I thank the Deputy. Regarding the Private Members' legislation to which the Deputy referred, it is appropriate that there would be pre-legislative scrutiny by the committee. I understand that has now been concluded. I look forward to the report being completed and furnished. It will be given early consideration. I note the Deputy's welcome of the decision of the NTMA regarding the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Mortgage Interest Rates (10 Apr 2024)

Michael McGrath: I thank the Deputy. As he knows, mortgage interest tax relief, in the form of a mortgage interest tax credit, is a one-year temporary relief available to homeowners with an outstanding mortgage balance on their principal private residence of between €80,000 and €500,000 on 31 December 2022. It is available at the standard rate of income tax and is based on the increase in the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: I am sure that what those owners do not want to hear is the over and back between the Deputy and me. They do deserve honesty in both directions. They should know what the Sinn Féin policy was, namely that there would be an 8 cent increase in the price of petrol in the month of April and 6 cent increase in the price of diesel. They deserve to know that, despite what the Deputy might be...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: Deputy, you know----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: You have the privilege of being in opposition and going around telling everyone everything that they want to hear.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: You can tell them all everything they want to hear.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: You never remind yourself inside this House----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: You have----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: You have the luxury----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: If I may, you have the luxury, Deputy-----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: You have the luxury----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: ----of being permanently in opposition and being able to go around the county telling everyone what they want to hear.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: You will never make a difficult decision, you will never do any of that.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: That is the luxury you have, Deputy. Over here on this side of the House, we have to make decisions.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: That is not the truth.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: You should tell them that you wanted to put it up by 8 cent.

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