Senator Cullinane, who has left the Chamber, called for a debate on a wealth tax, which I would welcome. I believe all parties are in favour of a wealth tax. The proposed property tax, which Sinn Féin does not support, is a wealth tax. I have read Sinn Féin's wealth tax proposals. I spoke recently to a young businessman from Donegal who has a couple of pubs in New York and told him of Sinn Féin's proposal, which is for a global tax. This means that a person resident in the Republic of Ireland who has property or assets in another country would be required to pay tax on them here also. He told me there was no way he would return to Donegal to set up a business in a country which would treat its diaspora so unfairly.

Is the Senator calling for a debate on the matter?

I am calling for a debate on wealth tax. The wealth tax introduced in Germany in 1997 was ruled unconstitutional by the courts there. Sinn Féin are all over the place in their wealth tax proposals. I would welcome a debate on the matter.