Seanad debates

Wednesday, 10 June 2015

10:30 am

Photo of Jim WalshJim Walsh (Fianna Fail) | Oireachtas source

Will the Leader arrange a debate over the next few weeks, perhaps before the end of the month or in early July, with the Minister for Finance specifically to discuss certain taxation issues? Capital gains tax is now becoming the focus of attention for many people. The rate, which was 20%, has been increased by the Minister to 33%, which is close to where it was many years ago. In those times, indexation was allowed, meaning that this is currently a very penal tax that is impacting fairly seriously on people, and particularly those who have suffered losses. This has become a very convoluted area that must be simplified, and I hope we might be able to have a debate on the issue.

At the same time we could examine capital acquisitions tax. As a result of current house prices, where parents or grandparents try to assist children or grandchildren by leaving them a house or something else, many of those people may be unable to hold on to the house because of the taxation liability that comes with it. The thresholds have been reduced very significantly by more than half in recent years since the economic collapse. Now that we see a move towards recompensing the public service, it is very important that people in the private sector are not left to pick up the bill by continuing to wear the austerity measures imposed on citizenry over the past six or seven years.

Will the Leader consider having a debate about the KBB? When the Leader and I were growing up, it was the KGB and now it is the KBB. We saw yesterday the choreography that took place between the master of one of our maternity hospitals, Amnesty International and a UN committee. Two of those organisations would see themselves as being strong advocates for human rights. Nevertheless, when it comes to the most vulnerable sector of all, they take an anti-human rights approach and go back to medieval practices which they are trying to promote. We should have a debate on all those who are part of the KBB. It is interesting that the Irish Council for Civil Liberties has not yet come out about it. It also received money from Atlantic Philanthropies, as has Amnesty International. I know the conditionality was that it would promote abortion in this country. This area needs to be exposed and the people need to be fully aware when they make decisions on these issues if that choice is put before them in future. They need to know the background of those who are promoting these issues, and people should choose in an informed way.

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