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Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: No, the Deputy said-----

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: We are providing that bonuses of €20,000 that are paid to low-paid employees will be taxed in the normal way-----

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: -----like the bonuses of all other taxpayers.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: The Deputy is advocating that low-paid workers, simply because-----

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: -----they work in financial institutions, should be subject to a massive 80% tax liability.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: He should go away and study the matter. He should get his research department to work on it again. His party should drop that one for the election because it is plain wrong. That is my advice. He should invent something else to tell the people, rather than addressing the economic realities we face in this country. I welcome the general welcome that has been extended to our proposal on...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: Deputy Noonan supports this amendment, which was proposed by the Labour Party. I do not propose to accept it as it is one I have examined as Minister for Finance. Deputy Morgan, whom I wish well in his retirement and who sparred very well with me in recent years, will know this issue has arisen before. I have considered it several times in the Department. The position on it is informative...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: I thank the Deputy for withdrawing the amendment. I also wish him well in his retirement. Deputy O'Shea is one of the fair-minded Deputies whose opinions are always listened to with great care, given that they are considered opinions expressed on the record of the House about the welfare of the country and how we can progress policy in different areas. He has never been a Deputy who has...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: I had enough to do as Minister for Finance.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: As Deputy Doherty knows, a service is available in the Department and I am not aware of a request made for the service. My information is that 40% of the requests for the use of this service on costings has come from Deputy Doherty's party and these requests have been facilitated through the Department. There is no difficulty with the Department providing costings and this is important. It...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: Of course that appetite for reform is displayed in the four year plan and in fairness all the parties contributed to the chapter dealing with fiscal reform. So there is all-party agreement on that important issue. However, the word "renegotiation" is being used all the time and it may become a semantic issue in the general election campaign. Of course the reality is that the rates applied...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: The Deputy will be happily canvassing in the constituency and may provide some cover; perhaps she could organise an international pair for me on the same day.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: The case needs to be made and it will require considerable diplomatic activity because it will require the agreement of the other member states. That is the second issue of fundamental importance; this cannot be negotiated on the basis that Ireland is looking for this uniquely. It can be negotiated on the basis that the other member states agree that the current arrangements impose an...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: It was not on offer.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: Of course one puts the question but if it is not on offer, one has to borrow. The money was required to fund the Deputy's salary.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: I did not say we did not make a demand; I said it was not negotiable. There is a distinction.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: Of course, we raised these issues but they were not negotiable because the rates were already fixed.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: It is not, if the Deputy were to listen.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: I move: That Dáil Éireann, pursuant to Standing Order 128(1) of the Standing Orders Relative to Public Business, directs that the Finance Bill 2011 be recommitted, in respect of amendments Nos. 6 to 17, inclusive, to a Committee of the whole House.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Brian Lenihan Jnr: Deputy Burton appealed for support for her amendment on the basis of bipartisanship and then introduced a rather partisan version of modern Irish economic history, which is understandable given the proximity of the poll. I was pleased to hear Deputy Micheál Martin make the point this morning, which was widely reported, that our expenditure base was too high and our revenue base was too low....

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