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20/01/2012

Dowd Demands For Fair Property Tax

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Labour T.D., Robert Dowds has today called for the introduction of a progressive property tax which would be based on the value and size of a house.

He said: "The property tax must be fair, and those with the largest and more valuable houses must pay more. If supported by a reliable valuation system, and with exemptions for those on the lowest incomes, a property tax is actually one of the fairest forms of funding social services, such as roads and local government."

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To date there are many high profile tax exiles who have avoided making any revenue contribution to the state.

"The group of so-called 'socialists' who are opposing a property tax are actually opposing a tax which millionaires cannot escape through clever accounting. This group must be the only socialists in the world who are opposed to a property tax, and they should be ashamed of themselves for their regressive, millionaire-supporting campaign which is only being cheered on by the caviar class.

"Ireland is one of the only countries in Europe which does not have a property tax or an equivalent. Had a property tax been introduced by the last Government, it would have slowed down the speculation of the property bubble and helped develop a more sustainable form of economic growth.

He said the current Household Charge is only an interim measure.

(CD/GK)

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