Snippet data - viewing only, no editing possible


Label

Field name

Field value


Sitting_Date

12/05/2012 12:00:00 AM


Sitting_Forum


Snippet Ref No

SnippetRefNo

U00700

Selected Quill

SnippetType

1

Saved Quill

SnippetType_C4D


Selected Quill

SnippetType_1

1

Speaker Name

IndxSpeakerName

Noonan, Michael

Business Category

IndxMainHeadCat

Financial Resolutions 2013

Sub Category

IndxSubTopic

Budget Statement 2013

Topic

IndxQHeadTopic


See Also

SeeAlso


Part1

TitlePart1


Part2

TitlePart2


Part3

TitlePart3


Volume

VolumeNo

785

Book No

BookNo

2

Pdf Ref

PdfPageRef

460

Default Business Index

IndexViewCategoryDefault

Financial Resolutions 2013\Budget Statement 2013

3 Part Title Business Index

IndexViewCategoryTitle


Default Topic Index

IndexViewCategoryDefaultSpeaker

Budget Statement 2013

3 Part Topic Index

IndexViewCategoryTitleSpeaker


Motion Code

MotionCode


Motion Title

MotionTitle


Stage

MotionStage


Amendment No

MotionAmendmentNo


Bill Code

BillCode


Bill Title

BillTitle


Stage

BillStage


Section

BillSection


Statement Code

StatementCode


Statement Title

StatementTitle


Stage

StatementStage


Hour Indicator

HourIndicator

Not applicable

Procedural Instruction

Procedural_Instruction

No

Debate Adjourned

DebateAdjourned

No

Question Askee

QAskee


Question Asker

QAsker


Question Department

QDept


Question ID

QID


Question Reference

QRef


Question Speaker PID

QSpeakerPID


Question Speaker PID To

QSpeakerPIDTo


Questions Asked

QUESTIONSASKED


Speaker Type

SpeakerType

1

Speaker Name

Senator


Deputy


Minister


Witness


Chairman


ViceChairman


ActingChairmanD


ActingChairmanS


Speaker4Display

Speaker4Display

Deputy Michael Noonan

Speaker

Speaker

Deputy Michael Noonan

SpeakerPID

SpeakerPID

MichaelNoonan

SpeakerText

SpeakerText

Michael Noonan

OriginalUnidSnippet

OriginalUnidSnippet

1104160DDB00CCC380257ACB00594502

LastModifiedSnippet

LastModifiedSnippet

05/06/2020 11:41:36 AM

TopicIndex1stCategoryValues

TopicIndex1stCategoryValues

Snippet Contents:

-----but those who own the most valuable properties will pay the most.
Income Tax
The Government continues to implement the programme for Government commitments of maintaining the current rates of income tax together with bands and credits and not increasing the top marginal rates of taxes on income.
Ireland's income tax system is one of the most progressive income tax systems in the world and is the most progressive in the EU. Those who earn the most pay by far the most in tax.
I would encourage Deputies to look at annexe F of the budget documentation, which illustrates the distributional impact of recent budgets.
The Government is firmly committed to this progressive system, as it illustrates the fairness of our tax code. This level of progressivity in the tax system and the record levels of foreign direct investment show that we are striking the right balance between our income tax levels and incentivising investment and job creation in Ireland. The more jobs that are created, the wider our tax base will be for the provision of public services.
I see greater fairness of the tax system as reducing the number and amount of reliefs that can be availed of by income earners to shelter their income from tax. Already, the ability of certain wealthy people to reduce their income tax liability to very low levels through judicious use of tax incentives has been restricted. The introduction of the high earners restriction has been successful in generating additional tax revenue. In 2010, the most recent year for which the Revenue Commissioners have figures, €80 million of additional revenue was secured from 1,544 individuals.
In addition, I am announcing that, from 1 July 2013, maternity benefit will be harmonised with other social welfare benefits in respect of its tax treatment. As is the case with all social welfare payments, maternity benefit will continue to be exempt from the universal social charge.