Seanad debates

Thursday, 23 October 2014

Adjournment Matters

Universal Social Charge Payments

12:10 pm

Photo of Paul BradfordPaul Bradford (Independent) | Oireachtas source

I thank the Minister for his comprehensive reply, which speaks for itself. As stated earlier, a levy, charge or tax which is generating in excess of €4 billion each year can certainly not be made to just disappear overnight. The streamlining and effective administration of our taxation system is extremely important. It is possible to have a progressive taxation system without, of necessity, having a multiplicity of taxes, charges and levies. I appreciate what the Minister said with regard to the fact that the Government's decisions on income tax and the USC have led to a significant - and welcome - number of people no longer being obliged to pay them. If we had a singular income tax system, this could also have been achieved by the use of a number of bands. Will the Minister consider introducing such a system in the future, perhaps by way of recommendations from a new commission on taxation? Such a commission could examine the position with regard to the multiplicity of PRSI charges and levies, the USC and income tax. Would it be possible to introduce a singular taxation structure? From an administrative point of view, such a structure would certainly give rise to significant savings. Perhaps the Minister might reflect on this matter, particularly as there is an undue amount of complexity within the current system.

Comments

No comments

Log in or join to post a public comment.