Seanad debates

Thursday, 21 March 2013

Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages

 

3:30 pm

Photo of Trevor Ó ClochartaighTrevor Ó Clochartaigh (Sinn Fein) | Oireachtas source

I thank the Minister of State for his response. I would like to come back to him with his logic on a previous section, where he rightly pointed out there were no tobacco companies in Ireland. However, there are alcohol companies here which are making substantial profits. Has the Minister considered taxing companies as opposed to taxing consumers directly? Would that bring in the projected ยค180 million? We understand that certain amounts of revenue must be raised from different sources. However we suggest that this measure directly targets consumers and takes the money straight from their pockets, leaving them no choice in the matter. If the Department is going after the money made in the drinks industry, why does it not go after the companies themselves?

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