Last week, the Government voted down the Social Democrats' proposal that would have paid for these measures, namely, a windfall tax on the excess profits of energy companies that are enjoying a bonanza as energy prices rocket. These bumper profits for energy companies are being made … would introduce a super-wealth tax on multimillionaires, triple the bank levy, phase out subsidies for developers, introduce a windfall tax on energy companies and their super profits, and implement a levy on data centres.
The Government is running a country on money that could evaporate and spending
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comes to energy, we are paying the highest prices in Europe, enduring years of increasing bills while the energy companies have posted enormous profits. Another budget and another year of the same with no real plan to tackle the energy rip-off. The Government boasts about a package … exposed to volatile gas markets.
The Government did have choices in this budget. It could have reintroduced energy credits, imposed a windfall tax on excess energy profits, forced data centres to pay their fair share for the enormous strain they are placing on the grid, or accelerated renewable
cannot seem to have in this country, however.
It is extraordinary that the Government has decided not to impose a windfall tax on the supernormal profits of energy companies. We know the template is available. It was used a short number of years ago. The story of this
Irish households to pick up that tab. Again, there has been no action.
While workers and families struggle, there is no windfall tax on the enormous profits being made by energy companies ripping their customers off over and over again, and that shows the priorities of this Government
most out of this energy crisis and giving the money back to those who are suffering the most through a windfall tax on the extraordinary profits of energy companies, but the Government has refused to do that.
Families are on their hands and knees trying to make ends
that we can decide, as our socialist colleagues in Portugal have done, to go it alone and slap a windfall tax on the excess profits of energy companies but the Government is letting them off the hook. The template is there. We did it the last time
increase has been held back to next year. The Government has failed to tax wealth, failed to bring in a windfall tax on the super profits of energy companies or a wealth tax on the super rich, and there is no sign of it closing the big loopholes
their pals in high places - the developers, landlords and bankers, all the usual suspects. There is no sign of a windfall tax to hit the bumper profits of the big energy companies, which squeeze every euro they can from their customers. They let them off scot-free
energy credits in this budget, so there will be more hardship for families. Of course, there is no windfall tax for companies making obscene profits and paying executives gold-plated salaries.
Most families across this country rely on a car to go to work, school or college
enormous profits yet in its budget, the Government chose not to adopt Labour’s proposal to slap a windfall tax on the big corporations and data centres that are profiteering during this energy crisis. That tax could have funded targeted energy credits for households struggling to pay bills … targets. We have seen it done in Germany. Let us get on with it here. Labour would deploy some of the Apple tax windfall to turbocharge retrofitting, street by street, across urban and rural communities. We need a retrofitting revolution on the scale of the rural electrification programme
time of international unease - we all recognise what is happening in the Strait of Hormuz - we are told that windfall energy companies can blossom in their profits while 325,000 households are in energy arrears, terrified about the next bill that comes through the door.
Fianna Fáil promised
bank levy on banks' super-profits, end the tax breaks for corporate landlords, tax the super-rich or the super-profits of the energy companies, or introduce windfall taxes like Portugal has done?
Overall, the Government has failed on the big issues, namely housing, workers, taxation and healthcare
unapologetically and relentlessly focused on three key issues: energy, incomes and child poverty. By taxing wealth sensibly and putting windfall taxes on soaring energy and bank profits, it shows how we can widen and deepen the tax base, and that we can build better public services and support
getting another top-up and it is the banks that pay virtually no corporation tax despite making billions of euro in profits. They all did well but there is very little in the Bill for struggling families, pensioners, disabled people or the hundreds of thousands of workers … driving up people's bills, they are not asked to pay 1 cent more. There is no windfall tax on energy companies, despite them making huge unanticipated profits, while over half a million households are in arrears. Why will the Government not ask them to pay their fair
invested to lower bills, decarbonise the economy and improve living standards for all. It could have imposed a windfall tax on the companies and data centres that were profiteering during this energy crisis. It could have invested heavily in renewables and a retrofitting revolution to bring down household … cuts for the wealthiest when hundreds of thousands are in arrears on energy bills? Why did the Government choose not to impose a windfall tax on the energy corporations and data centres enriching themselves with the misery of people who cannot heat their homes? Why did the Government
counting in electricity arrears, while utility companies' profits soar. I say to Deputy Maeve O'Connell that those profits are the ones we want to tax. However, a windfall tax has still not been imposed on them. These are the Government's choices. These are the choices that
over this Bill. Workers get €200 of a tax cut in the year but if you are an investor who made a profit of €1 million this year, you get a tax cut of €20,000 in this Bill. Vulture funds are dancing at this Bill. They … bills, there is no sign of energy credits being introduced again by this Government. There is also no sign of the windfall tax Sinn Féin and others are demanding to make sure the very companies that are ripping off those same customers are actually taxed properly. The priorities
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