6. Deputy Joe Neville asked the Tánaiste and Minister for Finance if his Department plans to review the current tax bands in the upcoming budget; and if he will make a statement on the matter. [48498/26]

Sentiment score: 0.01

My question also relates to tax measures. I am conscious that one third of people luckily do not pay tax. We have been supportive of the most vulnerable in our society as well. Does the Department plan to review the current tax bands in the upcoming budget?

Sentiment score: 0.21

I thank the Tánaiste very much for his reply. We all know that luckily the country is going really well economically and we are all benefiting. Wages are increasing with that and therefore more people are getting captured at earlier tax levels than they could and should be. That is why I brought up the bands specifically. I am obviously very conscious of the increases in costs for every household. We need to ensure the bands, given the increase in wages, do not function like a stealth tax that means more people get captured before they should, and indeed end up with less money than they began with. I am a chartered accountant who worked on payroll and discussed salaries with many people, so I know the challenges people face. In my capacity I had a meeting with the Central Bank this week and IFAC last week, which brought home to me the requirement for the tax changes we might need to put in place in the coming budget.

Sentiment score: 0.21

I thank the Tánaiste for his reply. He gave extra detail about a €1,000 increase in the band costing €230 million. It gives us information about, to use a phrase that was used here previously, the fiscal space we have. That space is due to how the country has been well-managed economically by the Tánaiste, this Government and previous governments. I am also conscious of what someone who previously sat in the Tánaiste's seat said about supporting the people who get up early in the morning. That is something we really need to do too and increasing the bands would be of great benefit to those people. There are a lot of people who get up early, have their families and are busy. Obviously, people may be building a future for themselves outside their families. They are the people we really want to have the ability to support in the upcoming budget, through the Government's good governance. I look forward to that and to being in a position where we can do that.

Sentiment score: 0.27