Denise Mitchell
Ceist:148. Deputy Denise Mitchell asked the Minister for Finance if he met with the IDA and discussed its recommendation to cut income tax rates; and if he will make a statement on the matter. [22025/16]
Amharc ar fhreagraTuesday, 19 July 2016
Ceisteanna (148)
Freagraí scríofa
As the Deputy will be aware, the IDA is a body under the aegis of the Department of Jobs, Enterprise and Innovation. I have recently received that Department's pre-Budget submission. Bi-lateral meetings between officials from my Department and the Department of Jobs, Enterprise and Innovation have already taken place to discuss the submission in further detail.
The Programme for Government contains a commitment to seek the approval of the Oireachtas for the continued phasing out of the USC as part of a medium term income tax reform plan. Such a plan, if approved by the Oireachtas would effectively reduce the income tax burden on individuals, which is a central tenet of the pre-Budget submission made by the Department of Jobs, Enterprise and Innovation.
As the Deputy will be aware, it is a long standing practice of Finance Ministers not to comment on any tax proposals that may be the subject of forthcoming Budget decisions.