NOBODY likes paying taxes. But like social protection, it is a noble and humane concept of supporting those who, through no fault of their own, must rely on the generosity of their fellow human beings when they fall through the net of hope, local Labour TD Ann Phelan said, in outlining her support for the Finance Bill 2012
“Under-reporting or non-reporting of income will always be with us. Tax collecting is unpopular. But most people accept that if everybody pays fairly and according to their means, then their contribution to the common good is worthwhile,” she said.
She believes that the shadow economy is now costing the state €5 billion in lost taxes. “Moreover, with tax-compliant firms being undercut by rogue operators, according to the Irish Small and Medium Enterprises. ISME say that hundreds of legitimate businesses are threatened,” she said.
Emphasising her support for Jobs, Reform and Fairness, she pointed out that since taking power the Government has already restored the Minimum Wage, reduced the pay of the Taoiseach and Ministers and is committed to not reducing any social welfare payments.
On a personal note Deputy Phelan pointed out that she is also delighted that the Government is tackling the murky business of fuel laundering. She is thrilled that Revenue will be given more robust powers to combat attacks on the livelihoods of those threatened by unfair competition. It is estimated that fuel laundering could be costing the State up to €250 million per annum
The activities of fuel launderers have not only ended legitimate family businesses, but have threatened water tables and public health, compromised the environment and endangered the food agricultural chain and industry.