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Finance Bill and Family Home Tax show another year of austerity ahead for great majority: Doherty

13 February, 2013 - by Pearse Doherty TD

Sinn Féin Finance Spokesperson Pearse Doherty has said the publication of the Finance Bill and Property Tax 2013 Bill show that the age of austerity is still with us.

Deputy Doherty said:

“Taken together today’s two Bills show that 2013 will be another year of tough austerity for the great majority.

“The minor tweaks to the Family Home Tax do not make it any fairer or any more practicable.

“Sinn Féin will soon table a Repeal Bill to scrap this unfair tax.

“We have outlined our alternative in the form of a wealth tax similar to the one in operation in France. Our alternative would not limit itself to family homes but to all assets except working farmland over €1 million so that those who can afford to pay more do so.

“We will campaign vigorously, in Leinster House and in our communities, to bring an end to this tax before it sees the light of day.

“The Finance Bill does not make any serious changes to the vicious government budget of last December.

“This year’s that Budget will take another €3.5 billion from the economy, in the main from frontline public service cuts and taxes on those who can least afford them. The Finance Bill 2013 will legislate for the increases in indirect taxes such as VRT, carbon tax and excise duty; will tax maternity and adoption benefits; and allow for less tax relief for student fees and charitable donations.

“In such a lengthy bill, there are some positive measures but they do not go far enough, such as increasing the tax on CGT and CAT. But essentially this bill is noticeable for what it is missing – a wealth tax, the failure to standardise tax reliefs, to properly tax large private pensions and to introduce a third rate of tax for high earners.

“Taken together it is clear that the government has set its course to make 2013 another year where low and middle income earners will shoulder the costs of austerity.” ENDS

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