A FINE Gael TD says there should be an emergency Budget to scrap the property tax being planned by his own party.
Outspoken Dublin South deputy Peter Mathews has instead said the money can be made up through a 2.5pc levy on corporation profits, a betting tax and a levy on income over €120,000.
His made his comments as the Dail debated legislation to amend the property tax bill, and suggested each measure could be brought in for three years.
“Let’s take a bigger step after some deep thinking,” Mr Mathews said. “Could we dare to be courageous to bring in a supplementary budget that might park the property tax and bring in three other strands of revenue creation along the lines I have mentioned for the three year national recovery programme? Just a thought - it’s a daring thought but it could be worth it.”
Finance Noonan Michael Noonan told the Dail anyone who enters into personal insolvency arrangements can park their liability for property tax – but will to pay with interest when they are solvent again.