Seanad debates

Wednesday, 16 December 2020

Finance Bill 2020: Report and Final Stages

 

10:30 am

Photo of Rónán MullenRónán Mullen (Independent) | Oireachtas source

It is at least €1.7 million because the figure does not include those who may be on very significant salaries just under €100,000 who are availing of this tax exemption and who may be public officeholders and so on. I ask the Minister of State and the Government to look at this issue. There is currently a significant drain on the public purse, to say the very least. People are making enormous sacrifices, many people are up against it and we are borrowing shedloads of money, which will have big consequences in the future, particularly if interest rates increase. Even in respect of relatively small sums of money like this €1.7 million, there is an issue of attitude.If it can be demonstrated that very well-off people are getting that money, when it should be going to the Revenue and into the Exchequer to pay for much-needed services for vulnerable and disadvantaged people, etc., would it not send out a healthier and better message of prudence, responsibility and solicitude for the common good to take the attitude that now this loophole has been drawn to our attention we should clean it up and tie it up? That is not what we are hearing from the Government today, however, which I regret. However, the point having been brought up now, I hope that perhaps this aspect will be looked at again at an early occasion by the Government and that a future Finance Bill, or another Bill, will tie up this loophole. I hope that will happen and that the Minister of State will take that message back to the Government.

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