Dáil passes pension levy Bill

The Dáil last night passed the controversial pension levy Bill by 81 votes to 72

The Dáil last night passed the controversial pension levy Bill by 81 votes to 72. The Bill is set to be passed into law next week when it goes to the Seanad.

The Minister for Finance told the House tax changes would be added to the public sector pension levy. He ruled out a time limit on the levy, however.

Brian Lenihan said questions were raised about whether income tax could have been used as an alternative to the Financial Emergency Measures in the Public Interest Bill, which passed all stages in the Dáil last night.

Mr Lenihan said he could assure the House that the levy, introduced under the income tax code, “will be supplemented in due course by income tax changes to be announced in the budget later in the year”.