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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: If there are specific parts of the submissions that mention corporation tax, or if the Deputy wants the delegates to expand on it, please do so. If the Deputy holds his own workshop the witnesses may want to go to see him.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: Let us be specific to the proposal.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: The Deputy is raising the issue of changing the current corporation tax level.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: Will Deputy Mathews please allow the witnesses respond to his question?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: If the employer was collecting the property tax and was to default on his or her tax payment, which is not an uncommon occurrence, it would mean that the property tax was foregone to the Exchequer.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: Circumstances like that happen in buildings like this, so it is not entirely rare.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: If the company was to default on the tax liability, that would mean the property tax would not be realised.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: The conveyancing documentation has that information. One is not even obliged to measure it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: Would the property's square footage not be carried in the conveyancing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: I refer to funding the €3 billion programme. As we are hearing presentations from 16 groups, I want to drill down into the property tax proposals. Regardless of what discussions took place, what is ICTU actually proposing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: Is ICTU proposing a valuation-based model?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: Is congress proposing a banded model or one that is indexed to the precise valuation of the property?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: I will push Mr. Sweeney on this point. If one is committing the State to spending €3 billion, one must be extremely specific with one's tax-raising measures. How does congress expect to do this?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: If there are to be a lot of exemptions, how is the money going to come in?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: Yes, but I must push Mr. Sweeney on this point. I understand a banded system. The United Kingdom, operates such a system, which I consider to be highly flawed because the band begins at £800 and ends at £1,200. Consequently, it means that if one is Del Boy Trotter living out in Nelson Mandela House, one is paying £800 while if one is Queen Elizabeth, living in Buckingham...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: I am not talking about Mr. Sweeney's personal view. I am talking about the ICTU submission before the joint committee this afternoon.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: It is not vague on spending €3 billion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: ICTU has brought a proposal to the Government and that is the subject on which I am pushing Mr. Sweeney.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: But you keep-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion with Civic Society Representatives and Focus Groups (8 Nov 2012)

Ciarán Lynch: However, Mr. Sweeney keeps making them in the hope they will be accepted. The witnesses were invited before the joint committee to be given a hearing on their prebudget submissions. I believe this is the first time a joint committee has ever done so. Consequently, I invite Mr. Sweeney to explain to me in detail how ICTU would implement and operate its property tax model.

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