Search the record

invasion of Ukraine in February 2022 and the energy crisis that followed, the Labour Party was the first party to call for a windfall tax on the gross and excessive profits that were being made by energy companies. It took the Government a year and a half … they were prior to the war on Ukraine. Fossil fuel companies continue to make record profits. The time has clearly come for this windfall tax to be reintroduced, and that is what we in the Labour Party are calling for today. This fossil fuel crisis has touched more

reductions and use the savings to provide for indexation of income tax bands and credits, backdated to January 2026; — introduce a windfall tax on energy profits to fund targeted energy credits and social welfare supports, including a summer bonus double payment; — provide a one-off €100 grocery supplement … want to turbocharge the retrofitting process across the country and use the profits of big tech in the form of the Apple tax windfall to fund it. The Labour Party is always careful with the public finances and we have set out precisely how this package

rewrite history. The Government opposed action at EU level during the last energy shock. Electricity companies were never hit with a windfall tax in the State. The TSC the Minister mentioned did not apply to electricity companies, but the European Commission has been crystal-clear this time that … member states can act. The Minister can act. Does he accept that he is choosing not to act on a windfall tax on energy companies? Does the Minister accept he is choosing not to act in relation to windfall tax on energy companies

Will the Minister reconsider his position and introduce a windfall tax on energy companies in order to fund support for workers and families in the cost-of-living crisis? The Minister has stated he will not introduce a windfall energy tax on energy companies unless his hand … shock was abysmal. He allowed companies to enrich themselves. I urge him not to repeat the same mistakes, reconsider his position and prepare windfall tax measures in the State

every €6 paid in tax comes from about ten firms in the country. The vulnerability around what we refer to as windfall tax receipts is real. We are highly exposed to any deterioration in the global economy and there are structural changes on the horizon that must

level and try to move in concert. That is the position of the Government. We certainly have not ruled out acting on a windfall tax. We have said it would make sense that we do that at a European level. As the Deputy is aware, the European Commission … been agreed. The temporary solidarity contribution, TSC, was introduced in line with Council Regulation 2022/1854 of 6 October 2022 to tackle windfall gains being made in the energy sector at the time, following the commencement of war in Ukraine. The TSC formed part of a co-ordinated European

Government done? It has withdrawn energy credits, it has not put any cushioning in place and it has failed to index tax bands. That is before we talk about its slashing of VAT for Supermac’s, with zero evidence that it would help households. Far too many … Government had other options. It had progressive options. It could do what we are proposing in this mini-budget and introduce a windfall tax on the energy profits of big companies, ensure that we have a real retrofitting revolution, ensure that households receive supports to fund the rollout

Fine Gael's failure to increase tax thresholds and move the tax bands. PAYE workers and self-employed are now paying much more tax. The number of people in arrears on electricity has reached crisis point. People in rented accommodation are really struggling because rents … game. We need to look at those households that have an income under €75,000 a year. The Government should bring in a windfall tax on the large energy companies. There are good examples across Europe of where that is happening. We need to reverse the VAT cuts

Deputy Pearse Doherty asked the Tánaiste and Minister for Finance if he will reconsider his position and introduce a windfall tax on energy companies in order to fund support for workers and families with the rising cost of bills. [39715/26

Government. This week, Deputy Doherty wants to fund the new measures he would like to do outside of a budget with a windfall tax

speak. I thank the Deputy. I thank the Cathaoirleach Gníomhach. The transcript will show that Deputy Doherty talked about bringing in a windfall tax measure that could help to provide supports families and businesses

clear. The Minister has the power to do this now. He has the power to introduce a windfall tax on energy companies. He is refusing to do so. These companies are ripping off Irish customers left, right and centre. There is a decision the Minister has to take

said before in this House that deciding not to end energy rip-off is a political choice. Government could choose to impose a windfall tax on the eye-watering profits of energy companies. It could choose to introduce household energy credits but it has not. Sinn Féin

that multibillionaire data centre companies have to pay. Energy company profits are through the roof and yet the Government refuses to introduce a windfall tax. Profiteering and price gouging must not continue to go unchecked, and energy companies must be held to account. Just like in the aftermath

pockets of the public who are paying higher prices. These are windfall, unearned war profits. They must be subject to a significant windfall tax. That tax can be used to offset the huge cost to ordinary workers and families. This whole area is flooding into the most horrendous

calling on the Government to act to back the workers of this country, to back the grannies and grandads, and to introduce a windfall tax on these energy companies to shield the most vulnerable in society and give the people the break that they deserve. We cannot continue

Taoiseach, Deputy Martin, whereby they are tapping each other on the back, is unfortunately distracting from the main issues. We need a windfall tax. We need transparency and we need the CRU to be revamped

Government has no answers. We are not just looking to shake the magic money tree. We are putting in place a plan, through windfall taxes, to fund what we are asking to do. This is not voodoo economics from us, but a plan for how to raise

generations. Its go-to solution for energy shocks is subsidies for fossil fuels and energy companies are reaping windfall gains. Where is the windfall tax that could fund targeted energy credits, as Labour has sough,t and where is the climate action plan

wage growth. We will continue to advance an economic model founded on a pro-enterprise policy framework, a stable and sustainable regulatory and tax environment with sound management of the public finances and investment in the infrastructure, energy and skills required to ensure our future competitiveness and productivity … jobs, stability and prosperity of today. We will also continue to put resources into reserve funds, conscious of the risks of using windfall corporation tax revenues for ongoing current expenditure commitments. However, the situation in the Middle East remains volatile and highly uncertain. The economic fallout will depend

which not all in opposition appreciate. We have vulnerabilities in our tax base, particularly when it comes to corporation tax. The Government has been effectively managing these windfalls and investing in the future of this economy through the Future Ireland Fund and the Infrastructure, Climate and Nature Fund … competitive. This motion tabled by the Opposition seeks to have us spend not only in the future but also in the past, reopening tax credits and income tax bands on a retrospective basis. What will the Deputies forgo to make this happen? Will they deprioritise investments or scale

Rebate Scheme, and extended the Fuel Allowance to the end of April; — the Government has also agreed to delay the increase in carbon tax to later in the year, and is introducing support schemes for the transportation and agricultural sectors, in total, these measures represent a significant investment … sustainable approach to overall fiscal policy, ensuring we continue to target budget surpluses over the medium-term, and set aside some of the windfall to prepare for the future; — the MTP supports progress on implementing the key social and economic priorities, while delivering on our commitment to sustainable

Deputy Pearse Doherty asked the Tánaiste and Minister for Finance if he will reconsider his position and introduce a windfall tax on energy companies in order to fund support for workers and families with the rising cost of bills. [39715/26

Deputy Pa Daly asked the Tánaiste and Minister for Finance if he has considered introducing a windfall tax on energy companies; if he has raised this with other EU member states; if he will make this a priority during Ireland's EU Presidency; and if he will make

Deputy Barry Heneghan asked the Tánaiste and Minister for Finance if the Government supports the introduction of additional EU wide windfall taxes on oil and petroleum companies which have recorded significantly increased profits during the ongoing international energy crisis; if Ireland is participating in, or supporting, discussions

Finance whether he or his officials participated in discussions with Germany, Italy, Spain, Portugal or Austria about calling for an EU-wide windfall tax on energy companies; to provide details of any such discussions; the reasons he did not co-sign such correspondence; and if he will make

Minister for Finance the action he will take in light of the AccelerateEU communication where the European Commission confirmed that member states can tax windfall profits of energy companies to ensure social fairness; and if he will make a statement on the matter. [33798/26