Seanad debates

Wednesday, 26 March 2003

Finance Bill 2003 [ Certified Money Bill ] : Committee and Remaining Stages.

 

This is not the time to give a 2% push to inflation. If the cost of not doing so would have been to increase income tax or corporation tax, for example, I would have taken that approach. There are times when increasing indirect taxes is the least painful method, but this is not the time to do so because we have to keep a careful eye on competitiveness. The Minister has made a mistake if, as I suspect, he has adopted this method. I read the tax strategy group papers which stated that there was scope for increased charges and indirect taxation, but this is not the time for doing so.

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