Seanad debates
Wednesday, 4 December 2002
Budget Statement: Motion.
In regard to capital taxation, it is appropriate that if the personal tax bands do not increase, the indexation of capital taxes should be stopped. This will be done from the end of the year. There must be consistency between capital and personal taxes. The differential between the two has bedevilled us for years. The Minister, to be fair, was trying to deal with the situation where individuals with clever accountants could use either capital or personal taxes to minimise the amount they should in conscience pay. The national anti-poverty strategy is also included in the document for the first time.
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