Taoiseach unsure how much money windfall tax will raise

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Taoiseach Micheál Martin said it was 'difficult to be precise on the exact amount' of money that may be forthcoming to Ireland as a result of European Commission proposals to cap energy prices and tax profits.

Micheál Martin has said it was"difficult to be precise on the exact amount" of money that may be forthcoming to Ireland as a result of European Commission proposals to cap energy prices and tax profits.

The Taoiseach said that"the real firepower" to deliver in the upcoming Budget and"to enable us to get through the first phase of this crisis" was the surplus. Speaking in the Dáil during Leader Questions today Tánaiste Leo Varadkar the windfall energy tax will form part of the Budget later this month.However, he said that EU's proposals on a windfall tax are not yet agreed and"aren't entirely clear, quite frankly".

Speaking in the Dáil, Tánaiste Leo Varadkar said the Budget will include a tax package, pension increases and help for people to pay energy bills. | Read more politics: https://t.co/37OtKyjds3 pic.twitter.com/SSWHKSqZZp Rural Independent TD Mattie McGrath said the Government's focus on energy credits was too narrow and disjointed.Mr Varadkar said Government had acted to help households with the cost of living.

 

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