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address the impact of the energy crisis. There are many policy options available to the Government in this toolbox such as a windfall tax on energy profits, price controls, energy vouchers, social tariffs and income support schemes for households. People know there is a massive surplus. Why? Because … Government to responsibly do a mini-budget now to provide real relief for PAYE workers. It could reverse the VAT cuts, introduce a windfall tax on energy companies and use the money for targeted energy credits of €400 for average income households. It could introduce the income tax

them and when the electricity bill comes in, that sometimes is the one that has to wait. We know that a windfall tax can work because we have done it already. The previous temporary solidarity contribution and the market revenue cap raised a combined €456 million. Our proposal … blame elsewhere. We have an opportunity to help families in need now. I urge the Government to support this motion. Introduce a windfall tax on excess energy profits and ensure that the money raised goes directly towards households which need it most

straightforward question. Keeping things under review is no good. Households are struggling now. We have put forward a proposal for a windfall tax, the aim of which is to reduce energy bills because companies could no longer pocket and keep excess profits under the proposal. That would create … previously. Will the Government do it? Will it take action as quickly as possible to reduce people's energy bills by introducing a windfall tax? I have asked two very straightforward questions

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

Gabhaim buíochas leis an Aire. The Minister knows the European Commissioner has ruled out a Europe-wide energy windfall tax. He said it was better done domestically. There is no point in the Minister for Finance hiding behind the skirts of the European Union. It said … public, that it is not planning to do and that would be better done domestically. Will the Minister look at introducing a windfall tax on the excess profits these energy companies are making while ordinary people are put to the pin of their collar trying to keep warm

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

Minister of State acknowledged. We are talking here about super-profits and extra profits - profits that were never anticipated or expected. A windfall tax on profits that were never expected or anticipated is an entirely just proposition. We would claw back those profits for measures such rolling … been done before. It can and should be done. We urge the Government at this late stage to adopt our proposal for this windfall tax

fair and it is not right. It is time that the Government stopped hand wringing and actually did something about it. A windfall tax on the superprofits of energy companies needs to be introduced now to stop this immoral profiteering. This is money that could be used … Tánaiste agree that it is immoral for energy companies to make windfall profits during an energy crisis? Will the Government introduce a windfall tax on their superprofits

people to light and heat their homes and so on. In 2023, under pressure from us and others, the Government did introduce a windfall tax. It was an inadequate tax and did not go far enough, but it raised nearly €500 million. It was then abolished. The record … mandate where it has to pretend it is just another private company operating in the market on a for-profit basis. We need windfall taxes and price controls, but what we fundamentally need to do is to reverse the process of liberalisation and privatisation. We need to reconstitute

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

Netherlands. A fossil fuel company, Klesch Group Holdings Limited, is suing the EU, Germany and Denmark for at least €95 million over windfall taxes under the Energy Charter Treaty. In EcoDevelopment v. Tanzania, a Swedish investor sued Tanzania when the land title for a sugar plantation that never … planet. What is to stop any multinational for suing us for loss of profits under CETA if we decide to impose windfall taxes or make any changes to corporation tax in the future? The Government is effectively trying to condemn us forever to be its model

Minister will know, we will take in approximately €17.5 billion in windfall corporation taxes this year. Our budget surplus of €8 billion looks great but without these windfall corporation taxes, our finances would be in deficit to the tune of €8 billion or €9 billion, which is concerning … know the Minister is aware of this. Would he consider doing something like what is done in Norway, namely ring-fencing these windfall corporation taxes, or a large proportion of them, and not allowing them to be used for current expenditure? Only what is earned from the fund

repeated budget over-runs were baked into the system. Most damning of all, it showed that our surpluses exist only because of windfall corporation tax receipts from a handful of multinationals. Strip those out and Ireland is already running a deficit of €7.4 billion in 2025, rising … with boom-time budgeting for a boom-time economy." It condemned the complacency bred by headline surpluses, which exist only because of corporation tax windfalls. It warned that if those receipts vanish, Ireland will be left with a massive deficit. It singled out one measure as particularly reckless

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

choosing between heating and eating. The EU has explicitly relaxed State aid rules, allowing targeted price interventions, income supports, tax incentives and even windfall taxes on excess energy profits, yet the Government’s approach is timid. There is no serious push for windfall taxation, no targeted price intervention

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

should be reduced from 13.5% to 9%. Oil companies are making obscene windfall profits and they must be subject to a windfall profit tax. The eight largest oil companies have made $93 billion in profit in three months. It is immoral. Electricity credits are essential for the coming … minimum, reduce the cost of home heating oil by removing the carbon tax and reducing the VAT rate, introduce a windfall profits tax, make data centres pay the same electricity rates as households, pay a €500 energy credit to households, introduce a second tier of child benefit

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

hardship for people. As we speak, a whopping 440,000 households around the country are in arrears. The previous Government introduced a tax on windfall profits. A total of €189 million was collected, but it is just sitting there. It was supposed to have been used to reduce … Government has not acted. When will the Minister get around to using the windfall profits to reduce costs? Will he reintroduce the tax on windfall profits that has lapsed

stamp duty and is being used to fund more spending, with no tax increases on wealth or assets to pay for it. These windfall taxes are to this Government what stamp duty was to Charlie McCreevy and Brian Cowen. Rather than broaden the tax base to make

That is an incredible situation. It does not need the carbon taxes at the moment to retrofit. It squirrelled away €10 billion in windfall taxes last year. The Government could use some of that money to invest in retrofitting homes to bring down the cost of deep retrofitting

multinational companies and the billions of euro in taxes they contribute. That level of reliance on what has often been described as windfall taxes also generates an insecurity and instability for many. What the Labour Party, as a constructive party of opposition with a proud record on workers

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