Sinn Féin proposes repeal of property taxTuesday 11 June 2013 23.08
Minister for Finance Michael Noonan has opposed the second stage of a bill introduced by Sinn Féin finance spokesperson Pearse Doherty to repeal the Local Property Tax.
Sinn Féin is using its private members time in Dáil tonight and tomorrow night to put forward a bill seeking to overturn the property tax.
Proposing the Property Tax Repeal Bill, Mr Doherty said it was "a tax on the family home that is not fair" and "does not pay for extra services or local amenities".
He said that the bill is part of Sinn Féin's alternative approach "to scrap the tax on the family home and refund anybody who has paid the tax this year" and that the party can provide alternatives to replace the revenue lost.
He said that the tax will push more people into mortgage arrears and face the threat of repossession.
Mr Noonan said the introduction of the property tax was part of the Troika deal that Fianna Fáil signed up to.
He said the Government is seeking to fix the national finances in a manner that would create jobs and the Local Property Tax is six times more jobs friendly than any other tax.
Minister Noonan said Mr Doherty’s bill is difficult to take seriously given that Sinn Féin presided over a property tax in Northern Ireland that is significantly higher than in the Republic.
He pointed out that Sinn Fein participates in setting rates in Northern Ireland where the average rate is £790 (€929), whereas in the Republic the average full-year LPT will be €315.