Written answers
Wednesday, 23 May 2012
Department of Finance
Tax Code
10:00 pm
Patrick Nulty (Dublin West, Labour)
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Question 65: To ask the Minister for Finance if he will consider launching a review process for the introduction of a wealth tax here; his views on the introduction of such a tax; and if he will make a statement on the matter. [25411/12]
Michael Noonan (Limerick City, Fine Gael)
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The Government does not propose at this time to introduce a wealth tax, although all taxes and potential taxation options are constantly reviewed. I gave a comprehensive reply yesterday to Parliamentary Question 25100/12 from the Deputy in relation to the potential revenue implications of various forms of wealth tax, including possible negative effects on receipts from CGT and CAT.
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