Seanad debates

Tuesday, 25 March 2003

Finance Bill 2003 [ Certified Money Bill ] : Second Stage.

 

Revenue powers have been significantly enhanced in recent years. There is a need to take regular stock of the remit of such powers to assure the Government and the public at large that these powers are meeting the needs of the taxation system and being used as the Oireachtas intended. The opportunity now presents itself to perform a stock-taking exercise to ensure the current balance and strategic direction are correct. Accordingly, I have recently established a high level group chaired by former Supreme Court judge, Mr. Justice Frank Murphy, to examine the current provisions and make recommendations for any changes considered necessary.

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