Seanad debates

Thursday, 16 June 2011

Finance (No. 2) Bill 2011 (Certified Money Bill): Committee and Remaining Stages

 

1:00 am

Photo of Thomas ByrneThomas Byrne (Fianna Fail)

When I spoke initially, I did not have to hand the tax breaks the Bill will give. It is important to note that we are giving tax breaks to big business in the interests of creating employment. That is what makes this recommendation so important. The air travel tax break is worth €315 million, the reduction in VAT is worth €880 million, which is almost a €1 billion in tax relief to business

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