Dáil Éireann - Volume 121 - 21 June, 1950
Ceisteanna—Questions. Oral Answers. - Profit Making.
Mr. Ó Cuinneáin Mr. Ó Cuinneáin
Mr. Ó Cuinneáin asked the Minister for Finance whether, in view of the excessive profits being taken by our industrialists, manufacturers and shopkeepers, he proposes to implement his promise to restrict such profit making.
Parliamentary Secretary to the Minister for Industry and Commerce (Mr. Cosgrave) Liam Cosgrave
Parliamentary Secretary to the Minister for Industry and Commerce (Mr. Cosgrave): I made it clear in 1948 that, rather than have to reimpose the excess corporation profits tax retrospectively, I would prefer to see a movement towards breaking prices. In reply to a question on the 23rd March last the Taoiseach mentioned a number of commodities the prices of which had been reduced as a result of the Government's activities. Neither the extent nor the range of the reductions made is regarded as satisfactory and the position is kept constantly under review. If the Deputy has any particular instances in mind in which excessive profits are being taken I shall be glad if he will bring them under notice.
Dáil Éireann 121 Ceisteanna—Questions. Oral Answers. Profit Making.