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Dáil Éireann debate -
Wednesday, 6 Dec 1961

Vol. 192 No. 8

Ceisteanna—Questions. Oral Answers. - Limitation on Profits.

18.

andMr. McQuillan asked the Minister for Finance whether in view of the inflationary effect of increased profits and dividends as a component of high prices he will seek to secure a limitation on profits over a fixed amount either by insisting on the reduction of prices or by the imposition of a 100 per cent. taxation on all profits over a fixed percentage to be determined.

I have no evidence that increased profits or dividends have caused a rise in prices. It is not proposed to take action along the lines suggested in the question.

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