Dáil Éireann Debate, Wednesday - 21 September 2011
28 Deputy James Bannon asked the Minister for Finance if he will rescind the proposed levy on private pensions in view of the concern on the part of those who rarely depend on the State for support; and if he will make a statement on the matter. [25296/11]
Amharc ar fhreagraAs I explained in my speech introducing the "Jobs Initiative" in May last, the decision to fund the Initiative by way of a levy on pension funds over the 4 year period was taken because the alternatives for increases in taxation elsewhere at this time would be more damaging to the economy. I do not have any plans for alternative sources of revenue to the fund the Jobs Initiative.
