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Competitiveness of the Economy: Motion (4 Dec 2007)

Kieran O'Donnell: He should deal with the facts.

Competitiveness of the Economy: Motion (4 Dec 2007)

Kieran O'Donnell: It was constructive criticism.

Competitiveness of the Economy: Motion (4 Dec 2007)

Kieran O'Donnell: What about 44——

Financial Resolution No. 1: Excise (Tobacco Products) (5 Dec 2007)

Kieran O'Donnell: We have no great issue with the resolution. However, we believe it might put pressure on many elderly people but we deem the measure constructive from a health viewpoint and we will not oppose it.

Financial Resolution No. 2: Stamp Duty (5 Dec 2007)

Kieran O'Donnell: Fine Gael will oppose this measure on a number of grounds. It is a doubling of charges, from 15 cent to 30 cent. Does it apply to bank drafts, electronic transfer and cash cards, devices that will soon be introduced to Ireland allowing people to put money on a card? It is a stealth tax and will affect the elderly if it applies only to cheques. Most people use electronic transfer but the...

Financial Resolution No. 2: Stamp Duty (5 Dec 2007)

Kieran O'Donnell: They are uncomfortable with it.

Financial Resolution No. 2: Stamp Duty (5 Dec 2007)

Kieran O'Donnell: Prohibitive.

Financial Resolution No. 2: Stamp Duty (5 Dec 2007)

Kieran O'Donnell: Deputy Curran is missing the point.

Financial Resolution No. 2: Stamp Duty (5 Dec 2007)

Kieran O'Donnell: I thank the Taoiseach. I was not aware of that.

Financial Resolution No. 2: Stamp Duty (5 Dec 2007)

Kieran O'Donnell: It will be €17 million.

Financial Resolution No. 2: Stamp Duty (5 Dec 2007)

Kieran O'Donnell: Deputy Curran is missing the point. It is our assertion that there is a large group of people who may never use electronic means of making money transfers. These individuals are comfortable using cheques and they should be allowed to continue to use them. As Deputy Ring stated, it is their money; it does not belong to the banks. If people want to use cheques to take money from their...

Financial Resolution No. 2: Stamp Duty (5 Dec 2007)

Kieran O'Donnell: So bank drafts are covered.

Financial Resolution No. 2: Stamp Duty (5 Dec 2007)

Kieran O'Donnell: What about cash cards? A cash card is a device often used in Europe where people put money from their account on a card so that they can spend it with the card.

Financial Resolution No. 2: Stamp Duty (5 Dec 2007)

Kieran O'Donnell: The Taoiseach mentioned that banks are doing away with their books and are going down the ATM route. That is fine. It is an internal matter for the banks themselves and that is business. Should the Government be facilitating the banks by forcing people to switch from using cheques to ATM cards if they do not wish to do so? The Government is effectively doubling the charge to facilitate...

Financial Resolution No. 2: Stamp Duty (5 Dec 2007)

Kieran O'Donnell: It is a huge amount of money.

Financial Resolution No. 2: Stamp Duty (5 Dec 2007)

Kieran O'Donnell: Clubs and societies.

Financial Resolution No. 3: Excise Duties (Mechanically Propelled Vehicles) (5 Dec 2007)

Kieran O'Donnell: I will not delay. Fine Gael opposes this measure. It is nothing more than an old-fashioned stealth tax. I find it interesting that the Minister quotes a figure of 15%. That is 5% per annum, or above the average European inflation rate, and it is the reason we are uncompetitive. I cannot understand why that figure would even be used. Everyone uses cars and the Government is collecting...

Financial Resolution No. 3: Excise Duties (Mechanically Propelled Vehicles) (5 Dec 2007)

Kieran O'Donnell: I did.

Financial Resolution No. 3: Excise Duties (Mechanically Propelled Vehicles) (5 Dec 2007)

Kieran O'Donnell: In terms of motor tax, a 9% increase is not a green tax. It is revenue generating.

Financial Resolution No. 3: Excise Duties (Mechanically Propelled Vehicles) (5 Dec 2007)

Kieran O'Donnell: All the Minister is doing is collecting extra taxes.

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