Seanad debates

Friday, 17 July 2020

National Oil Reserves Agency (Amendment) and Provision of Central Treasury Services Bill 2020: Committee and Remaining Stages

 

10:30 am

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

I very much welcome the Minister's commitment to bring these issues to the tax commission because that is important. There are many issues I would like to bring to the tax commission and I am aware that the tax commission review will be large and will deal with many issues. I am glad that the Minister intends to bring these issues to the tax commission and I hope that some of the points I have put forward are useful in that regard. However, I wish to emphasise how important I think this is. The Minister can take it as a compliment when I say that I would ideally love him to be doing this review and focusing on these issues. I will press the amendment. I recognise and appreciate that the Minister is going to seek other ways to come at the problems I have outlined but, until they are under way, we need to mark the importance of the issue. The clock needs to start now on the changes that are needed. The clock should not start in one or two years after the tax commission is established. At that point, deciding that we should be considering a review would be too late because that could take us to four years from now, by which time the Government might be gone. I want to make sure that we get moving and thinking about these issues now. In that context, I press the amendment. If I am not successful, I look forward to finding other ways to engage on the issue.

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