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Financial Resolution No. 14: Capital Acquisitions Tax

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Financial Resolution No. 14: Capital Acquisitions Tax

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Financial Resolution No. 14: Capital Acquisitions Tax

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Snippet Contents:

Some people claim there is an easy way to remove money from an economy. One statistic that Deputies should know is that, two years ago, approximately 30% of our entire debt-to-GDP ratio was accounted for by banking debts. We could be compared with Zimbabwe, not Sweden or the other developing Nordic countries to which we aspire. We have reduced that figure to less than one third of what it was.
We are 80% of the way through this process. It is difficult and it is unpopular on our side. If the Opposition has a word of wisdom for the House, we would like to hear it and for the media to examine it in its totality. The fraudsters who are putting bad budgetary policies and submissions together need to be exposed for what they are.
These resolutions are good measures and every Deputy should endorse them. Those in society with the most are being asked to pay the most.