Seanad debates
Wednesday, 21 February 2007
Health Insurance (Amendment) Bill 2007: Second Stage
6:00 pm
David Norris (Independent)
Most reasonable people would agree that the phoenix syndrome should be prevented, where companies could be formed in Dublin and, when they must meet their tax liability, collapse and a new paper company formed. We had this situation in the entertainment industry and apparently it now exists in the health service. I believe the Department was aware of this possibility and it should have acted earlier. If it stops companies profiteering, as BUPA did to the greatest possible extent——-
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