Saturday June 6, 2020

Greens call for 80% windfall tax on rezoning profits to be reinstated

The tax was introduced by the late Minister for Finance Brian Lenihan jr in 2009 at the request of the Green Party, but it was abolished by his successor Michael Noonan in 2014

Michael Brennan

Political Editor

@obraonain
20th March, 2019

The Green Party has called for the return of the 80 per cent windfall tax on land rezoning profits to bring in €1.3 billion for the exchequer.

The tax was introduced by the late Minister for Finance Brian Lenihan Jnr in 2009 at the request of the Green Party, but it was abolished by his successor Michael Noonan in 2014. At the time, Noonan argued that the tax had become a barrier to transactions in the property market.

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