Let us be clear; this retrospectively applied tax could push someone who did not have to pay income tax this year because he or she fell below the threshold into paying tax or could push a worker from the standard income tax bracket into the higher tax bracket. In accordance with general principles of international tax, where instances of double taxation arise on the same income, relief against Irish tax may be claimed by way of a credit for any foreign tax already paid subject to the terms of the applicable double taxation agreement.
The Senator wants a 33% tax on the company and then the investor in the company, when he or she gets a dividend, should pay 40% tax out of income that has already borne a tax at 33%.
Key terms by TF-IDF across 19,787 words from 18 speakers. The summary quotes the highest-scoring sentences verbatim — nothing is paraphrased.
Tellers: Tá, Senators Robbie Gallagher and Seán Kyne; Níl, Senators Marie Sherlock and Paul Gavan.
Party shown is the one each member held on 2020-12-11, frozen by a dated join — not their party today. The Oireachtas API publishes no date of birth and returns an empty gender field for every member in this period, so no age or gender breakdown is shown.