Alex White (Labour)

I move recommendation No. 3:

In page 31, between lines 11 and 12, to insert the following:

"(11) Each specified institution shall be required, within 3 months from the passing of the Finance Act 2011, to submit to Dáil Éireann details of bonuses paid to its officers, employees or contractors between 30 September 2008 and the date of passing of the Finance Act 2011, including the amount of the bonuses in each case.".

Colleagues will see that this recommendation has been modified somewhat from the one we put forward and withdrew on Committee Stage. We are now proposing that it be inserted in section 3 of the Bill which deals with the universal social charge.

The Minister had some concerns as to the relevance of this issue in the context of a finance Bill. However, it appears he has rendered it entirely relevant by his introduction of a provision in section 3 as a means of taxing bonuses. If there is any question of shoehorning a matter into the finance Bill, the Minister has led the way in that regard by shoehorning, for good reasons, the issue of bonuses in order that they can be taxed in the manner which he proposes.