Accountants warn against hasty passage

THE governing body of Irish chartered accountants has warned against passing the Finance Bill through the Oireachtas with unseemly haste.

Chartered Accountants Ireland believes that rushing through the Finance Bill 2011 in the time being proposed by both the Government and opposition will result in bad tax legislation.

In a statement, the CAI said that the proposed timeframe will result in the normal process being truncated, possibly down to an eighth of the time usually allotted.