Seanad debates

Tuesday, 3 December 2019

Finance Bill 2019: Committee Stage

 

2:30 pm

Photo of Alice-Mary HigginsAlice-Mary Higgins (Independent) | Oireachtas source

With due respect, the decisions in respect of policy around revenue and the direction of it, they actually are political decisions. Lots of decisions have been made around tax reliefs and measures and how we set the bands. I do not think we can abdicate that issue entirely to Revenue in that regard. These are not highly important people, they are high net value people who happen to have a lot of assets. We should bear in mind that all the people are important. The Minister of State is talking about people with an extraordinarily high level of assets. It is quite a legitimate question and a political question to decide if the Minister of State or the Minister, Deputy Donohoe, would wish to ask Revenue to consider a risk analysis in respect of the possible costs or benefits of defining the threshold down to €10 million. I accept that the Minister of State does not accept my recommendation at this point.

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