Written answers
Wednesday, 4 July 2007
Department of Finance
Tax Code
9:00 pm
James Bannon (Longford-Westmeath, Fine Gael)
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Question 70: To ask the Tánaiste and Minister for Finance his proposals on carbon tax with particular reference to the prevention of a slowdown in the motor industry; and if he will make a statement on the matter. [19221/07]
Brian Cowen (Laois-Offaly, Fianna Fail)
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The Programme for Government signals that a carbon tax/levy will be introduced over the lifetime of this Government. The matter of the introduction of a carbon tax is one of the issues to be considered by the new Commission on Taxation to be established under the Programme. Consequently, at this stage, the precise design of such a tax has yet to be determined. This will, of course, form an important part of the normal deliberative process of the Government in setting fiscal and environmental policy. The Programme for Government however indicates that the phasing-in of a carbon levy will be on a revenue neutral basis, so it is not intended that its introduction will lead to any net Exchequer revenue increase or net addition to the overall tax burden.
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