Seanad debates
Tuesday, 3 December 2019
Finance Bill 2019: Committee Stage
2:30 pm
Kieran O'Donnell (Fine Gael) | Oireachtas source
I wish to finish my point. The Senator is making the point that this is a tax-avoidance measure and that it should come in the form of income and be subject to income tax at the higher rate. I see this as a practical measure that allows companies operating in a very competitive environment to retain key staff members who may move to another company abroad or at home. This particular measure may ensure that companies will survive and prosper, and provide a large number of jobs to employees who will pay income tax. If they are exporting, as many are, they do not pay VAT. I see it in the round. The Senator's key point is an ideological point, whereas she should look at things in a practical way.
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