Seanad debates
Wednesday, 4 December 2002
Budget Statement: Motion.
The tax base must be widened if we are to keep tax rates low. Reliefs narrow the tax base and their value as a development tool must be kept under review. Research by the Revenue Commissioners shows that capital allowances on buildings continue to be used by high income earners to reduce their taxable income by substantial amounts. The Minister has decided to make a number of changes in this area.
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