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Finance Bill hides tax breaks for high earners and amnesties for tax dodgers - Doherty

5 November, 2014 - by Pearse Doherty TD

Sinn Féin Finance Spokesperson Pearse Doherty TD has said the Finance Bill hides tax breaks for very high earners and an amnesty for tax avoiders while the Double Irish will remain in force for another five years.

Speaking in the Dáil today Deputy Doherty said:

“The details of the Finance Bill are shocking and show how out of touch this government actually is.

“At a time when the Taoiseach is threatening a 4% tax increase if water charges are not paid, we have the Minister for Finance giving an unlimited tax break for very high earners under the Special Assignee Relief Programme and an amnesty from any surcharges for people who consciously avoided tax if they come forward.

“Despite the spin, the Double Irish will remain in force for another five years and companies not yet established have until January to register to avail of this loophole for five more years. Only last year the Minister told the Dáil that he was powerless to close the Double Irish loophole. The Double Irish has done incredible damage to Ireland’s reputation and should be closed down immediately.

“It becomes clearer and clearer as you get deeper into this Finance Bill that this government is in favour of tax breaks for the wealthy and for companies while it is cracking down on people struggling to pay bills and charges.”

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