Seanad debates
Wednesday, 7 December 2022
Finance Bill 2022: Committee Stage
10:00 am
Fintan Warfield (Sinn Fein) | Oireachtas source
All housing markets are different but the tax treatment of investment vehicles in our housing market must be scrutinised. We welcome the review and I suggest that it be followed by action. We have already seen Department of Finance reports from 2019 stating there is a risk that at sufficient scale, an institutional investor group could, over time, develop monopolistic or oligopolistic pricing power. We ask that the Minister ensure this welcome review is followed by urgent action. I expect this is the first and last time I use the word "oligopolistic" on the record of the House.
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