Dáil Éireann Debate, Tuesday - 8 April 2014
30. Deputy Mick Wallace asked the Minister for Finance his views on the need for a global tax on individual net worth; if he has had discussions at an EU level on the feasibility of a global wealth tax; and if he will make a statement on the matter. [16060/14]
View answerI have not been involved in any discussions at an EU level as regards the feasibility of a global wealth tax, nor am I aware of any work at a global level on a wealth tax.
A global wealth tax would interfere with the sovereign right of countries to set their own taxes, and given that there is no international framework for such a global tax it is not clear how it might work.
While all taxes and potential taxation options are constantly reviewed, the Government has no current plans to introduce a wealth tax.
