separately; and any divisions claimed to be taken immediately
Wednesday's private members' business shall be the Motion re Introduce a Windfall Tax on the Excess Profits of Energy Companies, selected by Social Democrats.
Thursday's business shall be:
- Railway Safety Bill 2026 (Second Stage) (to conclude
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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
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 of solar
name, why not bring forward a coherent package?
Why not take the options that we have proposed, such as a windfall tax on excess energy profits of big companies; a renewables revolution to end reliance on fossil fuels; targeted energy credits for working households; and indexation
credit. These are simple, straightforward and, most importantly, targeted reliefs. We have no difficulty saying we would put a 20% windfall levy on energy companies’ profits and a levy on data centres to pay for them - cost neutral to the State. This is the kind of real action
years. Because of the scale of what is required, we need to do that and not just rely on windfall tax revenue, such as from Apple, or profit on the sale of AIB. We must have a permanent structure for funding for capital investment, but not just based
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
real powers to hold companies to account, to tackle price-gouging, to improve transparency and to prioritise affordability. If energy companies are not profiteering, they should have no problem proving it. Workers and their families are carrying an unfair burden while massive corporate energy users receive sweetheart deals … 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 has always chosen
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
happy to support it. I have to be honest and say we would go a little bit further with our windfall tax. We think 50% of the profits of these companies should be taxed and this could raise €1.1 billion, which would go a hell of a long
domain of energy companies, despite our legislation to regulate them years ago. These same companies continue to make eye-watering profits, some of which recently were at windfall levels, but their communication with vulnerable people left a lot to be desired. Regulation could be one way to bring
against the public interest. They are rigged, private courts, designed to take the side of private investors against elected governments and to put profits before people every single time. The Minister earlier claimed at length that the investor court system, ICS, is substantially different from the investor state … interests of people and the 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
That figure is just the increase in what Europeans have had to pay across the board. Somebody is definitely profiting, so there has to be consideration given to windfall taxes. Maybe that consideration has to be given at a European level, although I am not sure if that
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
business that is struggling or needs support. Slashing its VAT bill by 4% will boost its profits by millions of euro. Other large chains will enjoy similar windfalls.
An entire generation is looking at this budget and wondering if there is a future here for it. What
gain of €635,000; Compass Catering, €130.4 million turnover, a €5.8 million, and Sodexo, profits up by 44%, a gain of €5 million. These six large companies share €54 million of a windfall gift from the Government, in a country where we have 640,000 people living below
have medical cards but cannot afford health insurance.
We need to bring in a windfall tax to be imposed on the large energy companies, including the wind farm owners where there are high profits, once profits go over a certain amount. That money should be used and ploughed
market will provide. It has involved incentivising landlords and developers to come into the market and making sure they can make as much profit as they need to make. That is the essence of the approach of the Government and what has got us to the point … they can make loads of money, and that if we give a windfall of €20 million to IRES REIT, it will invest more money because it thinks it will be able to make more profits, and then, in the long run, rents will come down. That is effectively
hiding? What is the matter?
These electricity companies are making massive profits on the backs of customers and the Government is directly responsible for ensuring that does not happen. Yes, the idea or notion of a windfall tax is grand and is going in the right
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