Tax relief revelations show need for complete taxation review
Commenting on the revelation of the full cost of the 'Seaside Holiday Home'
tax relief, Sinn Féin Dáil leader and Finance spokesperson Caoimhghin Ó
“The revelation that €315 million was lost to the exchequer in tax revenue
during the period of the ‘Pilot Tax Relief Scheme for Certain Resort
Areas’, introduced in 1996, clearly shows the need for a complete review of
the whole taxation system and speedy address of tax reliefs in particular.
“The revelation also shows that it is not just Fianna Fáil and the PDs who
have been guilty of providing very generous tax breaks without
understanding what if any are the benefits to be derived from them. It was
the last Fine Gael / Labour Coalition that introduced this particular
lucrative sweetner for the development and speculator community when they
were last in power.
“For a number of years Sinn Féin has been calling for an equitable taxation
system as a means of addressing the very many social and economic
inequalities that exist in Irish society today. It is clear that the
finances exist in the State to meet the needs of its people. However it is
also clear that the political will does not exist to tackle the vested
interests who have promoted a culture of greed and selfishness that is so
endemic among the well-heeled in Irish society today.
“I find it extremely ironic that the very people who have been criticising
Sinn Féin for not having a coherent economic policy or for promoting
policies that would undermine the economy are the very same ones who
introduced and sustained these tax reliefs that have cost the Irish
taxpayer a fortune. These are the same people who have squandered hundreds
of millions of taxpayers money on consultants and PR companies, while our
healthcare system struggles chaotically from day to day and while still,
even today, one in seven children live in poverty and go to school hungry."