Dáil Éireann Debate, Wednesday - 7 October 2020
264. Deputy Colm Burke asked the Minister for Agriculture, Food and the Marine if consideration will be given to introducing a voluntary individual income volatility initiative to allow farmers deposit a defined percentage of profits to a fund in a good year and withdraw funds during poor years (details supplied); and if he will make a statement on the matter. [29036/20]
View answerThe Programme for Government includes a commitment to, "Consider further taxation measures to manage evolving issues such as market volatility". While taxation policy is primarily the responsibility of the Minister for Finance, our two Departments work closely to ensure it is consistent with the Government's priorities for the agrifood sector. Therefore, my Department will be engaging with the Department of Finance on this issue, which has previously been considered.
An analysis of proposals for an income stabilisation tool was published as part of Budget 2019 and is available at: http://budget.gov.ie/Budgets/2019/Documents/Tax%20Expenditures%20Report%202018%20FINAL%2017.10.18%20(002).pdf
