3 PQs answered with 1 reply 15 July 2025
Is the 41% Exit Tax Soon to be Scrapped? Michael McGrath to Review
- Thread starter Always Learning
- Start date
That's a huge kick the can down the road - probably would have won the recent road bowling competition https://www.rte.ie/brainstorm/2025/...itage-tradition-cork-armagh-tiktok-instagram/
"...This work will also take account of developments at an EU level in respect of the Savings Investment Union."
Is it the first time reference has been made to the SIU in a PQ on this topic? If so, I'll strike a more optimistic note. The SIU accounts may deliver something more useful than a mere change to the tax treatment of open-ended funds.
More info on the SIU here: https://www.askaboutmoney.com/threa...eland-anytime-soon.240758/page-4#post-1948368
Is it the first time reference has been made to the SIU in a PQ on this topic? If so, I'll strike a more optimistic note. The SIU accounts may deliver something more useful than a mere change to the tax treatment of open-ended funds.
More info on the SIU here: https://www.askaboutmoney.com/threa...eland-anytime-soon.240758/page-4#post-1948368
It has already been said, here's a response from a couple of months ago (and I notice the SIU was mentioned at that point too).
Departmental Correspondence
Departmental Correspondence Dáil Éireann Debate, Wednesday - 28 May 2025
www.oireachtas.ie
qwerty-2023
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It would be nice to get some sort of progress in Budget 2026! But it sounds like there might not be any measures just this year.
because its Pascal Donohue he is just a spoofer now, If Michael Mcgrath or Jack Chambers were there I bet there would be movement on it, Donohue is just dragging his feet as usual
Because they probably see that as privileging investment income with an unacceptably low tax rate relative to earned income.
It's just feels wrong to have to pay 41% on the return on savings on which you have already paid up to 52% income tax while earning that savings.
I tend to agree that Pascal doesn’t particularly care about this.
There are obviously bigger issues but it’s not really a project of interest for him.
I feel he has kind of checked out in general.
well it should be a project of interest for him, he is minister of finance and his predecessor Michael Mcgrath set up the review on this very issue. He is just drifting along now like much of the administration here with some exceptions
Only 140 individuals out of 5,000,000 responded to that review. He isn’t the only one disinterested in fairness. We need to be realistic about where (or if) this appears on the top 1000 things voters want to see the government act on.
He is not an impressive Minister, nor ever really was, he came to politics with the cache of someone who operated at a high level in business (worked for a MN). I know what a senior leader in a Multi National is capable of and I know what the spoofers in these roles look like and he's the latter.
Harris ran rings around him when Varadkar abandoned all hope and resigned, it was a fait acompli by lunchtime of the same day. Pascal wasn't at the races just like he's not at the races for his job now. No imagination or drive. Steady as she goes and don't colour outside the numbers.
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Interestingly I know of Harris from his YFG days. He was very much considered a dud and it’s shocking to most how he got there.
(I wasn’t in YFG for the record).