Seanad debates
Tuesday, 22 November 2011
Order of Business
12:30 pm
Paul Coghlan (Fine Gael)
Arising out of that, he knows what he saddled this Government with. I ask him to await the budget speech.
I would like to refer to tax exiles. We learned recently that there are more than 5,800 people domiciled here but non-resident for tax purposes. The previous Administration brought in what was considered to be a worthwhile measure - a levy - but sadly, as we now know, only ten people contributed bringing in a total of €1.48 million. Something is seriously amiss here and must be addressed.
Another man from my neck of the woods and that of Senator Ned O'Sullivan has made a fantastic contribution to this country. He has set up his business abroad, he has done well and he has made a significant contribution of more than €95 million to various good works in the mid west. Recently we learned of the scholarships he has established. This gentleman is an example to all others domiciled here but non-resident for tax purposes. This matter should be addressed urgently. I am unsure how it should be tweaked but I am keen for us to take up the matter. I realise we cannot have the Minister here in early course but perhaps the matter will be addressed in the budget, which Senator Darragh O'Brien so eagerly awaits and wishes could be announced today.
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