Seanad debates

Tuesday, 9 October 2012

3:55 pm

Photo of Maurice CumminsMaurice Cummins (Fine Gael) | Oireachtas source

The Senator probably needs to improve his figures a little. I suggest, in respect of the taxing of wealth, that he consider last year's budget in which the following taxes on wealth were increased, namely, capital gains tax, capital acquisitions tax and deposit interest retention tax. Sinn Féin Members could do with brushing up on their maths because last night on television I watched a Member of the other House talk about ¤800 million being brought in on foot of the introduction of a wealth tax. Many holes certainly were shot through that proposal.

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