things and it is not addressing why electricity prices are so high. The fundamental thing it has failed to do is put a windfall tax on energy companies. Again, something it has not answered is why it will not put a windfall tax on energy companies … Government completely fails to do it, despite having billions in a budget surplus and having the potential to raise significant amounts from a windfall tax and from wealth taxes. It could actually invest in fundamentally changing this country so that we would not have the poverty we have
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refused to do it.
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 … recklessly narrowing it. We 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
that the Government could have 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 … 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
from the budget disappear like snow off a ditch.
One of the biggest disappointments in the budget was the failure to introduce a windfall tax. What has the Government against taxing the big people? Fianna Fáil used be a party of the daoine óga, of the small farmer … Europe, to Ms von der Leyen, to the World Economic Forum and, above all, to the global capitals. In this case, a windfall tax should have been introduced, but the Government will not touch them. However, the Government does not mind putting its hand deep into the pockets
have a budget by lobbyists for lobbyists. Last year, it was hospitality. This year, it has been investors and contractors. The corporate tax windfall has made Fine Gael and its Fianna Fáil colleagues lazy and lacking in real vision and imagination. The Government is clutching at last-minute … well from the EU 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
could really do with that measure to have a permanent reduction in their household bills. However, that was missing, as was the windfall tax we have put forward but which the Government has voted down that could be used to fund these much-needed measures. Bringing down people … electricity grid to the brink and 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
homes while energy companies make 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 … climate 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
delivered a budget for vulture funds and the wealthiest people in this country. He was not prepared to put any additional taxes or windfall taxes on the big energy companies, the banks or those big companies that can afford to pay more tax to enable people to have
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 the Deputies opposite voted
crisis, our plan is 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
receipts. The headline surplus of over €9 billion masks an underlying deficit of over €13 billion when the windfall element is stripped out. Not only are we relying on tax revenues from less than a handful of mega foreign direct investment, FDI, firms for half of our business … debate that we 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
carbon tax 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
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
tax breaks for 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
benefiting the 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
income earners, despite the fact we have had years to achieve it. The Social Democrats brought forward a motion last week for a windfall tax to pay for those credits. In a time of abundance and a time of international unease - we all recognise what is happening
Department of Finance saying that loophole could be closed. The renters get a pittance again. There is no doubling of the rent tax credit as we called on the Government to do.
Even though the Government knows that we have seen record numbers of people being unable … 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
losses across all income groups, with the biggest cuts for the poorest 10%. The freeze on income tax bands and credits meant income tax increases for PAYE workers. This year's budget is another smoke-and-mirrors assault on already hard-pressed families.
Energy bills are a huge … wolves. There are no 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
families first, protects pensioners from rising prices, and responds to the cost-of-living crisis people are living with right now. On tax, it fails the test. On pensions, it fails the test. On the cost of living, it fails the test. That failure runs right through … asking ordinary 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
struggling? For the second year in a row, 1.5 million workers have been left behind. The Government wants people to celebrate a tax package that is worth, in effect, €250 for the year or about €5 per week. It is not even enough to cover the recent commuter … Ireland remains 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
operating within this framework when it could have put in place measures that could be in this Bill right now such as a windfall tax on energy companies, a levy on the banks or a levy on data centres that could fund a second tier of child benefit
Ministers for Finance or public expenditure and reform. That is absolutely disgraceful.
Even more incredible, this budget contained no energy credits or windfall tax on energy companies, which the Labour Party proposed. It has nothing to help families who have seen their food shop cost spike year
pushing for less of an increase in spending and less overreliance on corporation tax. Under these troubled circumstances internationally, a balance has to be struck, with some additional funding spent from the windfall and some put into the reserve. I do not disagree with the Government
coined back in the day during Reagan's time because if a marginal increase in workers' take-home pay is given, from a tax perspective, it is wiped out instantly if they have to pay for private childcare, private healthcare, private assessments of need and private grinds … exporter, something which has huge revenue potential. That is a multi-annual project and we need to get moving on it now, using windfall receipts, borrowing strategically and partnering to increase capacity and cut costs.
We need to focus on the annual budget side. Specifically, we have
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