Results 22,581-22,600 of 35,959 for speaker:Pearse Doherty

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: One would wonder why the oil companies come here at all. Perhaps it is to do with Bertie Ahern's big giveaway in the Finance Bill he produced in 1992. It is not just about probability, however, but also a question of the risk relative to the return. I asked whether there is anything to prevent the Minister from setting the date at an earlier stage.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: That does not answer my question. A date of 18 June 2014 is being set down in law and I would like to know if there is anything to prevent us from setting an earlier date.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: There is the possibility of capturing commercial finds made under what was the most lucrative tax regime in the world under the Finance Act 1992.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: The Minister would not be changing the terms, only the date. He changes the tax code all the time. This refers to tax that will be paid in the future. It is not stating we would need all of the tax now. It would come from finds made. It concerns a licensing option granted on or after 18 June 2014.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: With respect, that is what happens in the Finance Bill every year. When I built my house in 2004, I had a legitimate expectation that the Minister would not come along and slap a property tax on it, but he did. He was entitled to do so because he did not ask me to pay property tax from 2004 to the date the tax was provided for in law; he introduced it from a certain date onwards on houses...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: I am not suggesting they be taxed retrospectively but in the future. The Minister is setting the criteria for licensing options granted on or after 18 June 2014. Changing the date allows him to tax them from hereon. For example, under the regime I entered into in 2004, there was property tax. The Taoiseach said that would have been immoral. Therefore, even before Fianna Fáil was...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: When somebody invests €3 million in an industrial building in south County Dublin and the Minister says he needs to increase the rate of corporation tax to 14%, is he penalising after the fact, or is it the legitimate right of a Government to increase taxes at any point, given the circumstances of the time, on profits that will accrue from hereon? I know that the Minister is not...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: On direct lobbying on this section or matters related to it, apart from the report about which the Minister spoke that was published in June, to what other lobbying was the Minister or his Department subject?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: In this section the number of days is extended from 20 to 46. What is the motivation behind this change?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: I move amendment No. 40:In page 35, between lines 29 and 30, to insert the following:“25. The Minister shall, within nine months from the passing of this Act, prepare and lay before Dáil Éireann a report on options available for the introduction of strict antiavoidance measures within the construction sector, with regards to bogus self-employed workers.”. This...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: When will action be taken on this? A working group has been established with the Revenue Commissioners to look at whether the legislation is fit for purpose. Many Deputies have raised the issue of JJ Rhatigan, which has only recently been resolved. This issue did not appear last month. As the Minister indicated, there have been changes in how employment is now conducted with...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: That is an intention to get to public consultation. When will the end of the process be? I presume something will be published when it concludes

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: So we are getting to the point at which we want to be

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: I know that, obviously. However, this is to deal with the wider issues and the changes required to deal with them. Is that correct?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: On the section, can the Minister outline the expected impact on jobs of this measure? Will it result in increased taxation? Has the position in this regard been quantified?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: The question is on the change here. While the change is technical, it clarifies the issue in terms of residence for the purposes of the Irish-USA double taxation treaty. Has it been quantified? Does he believe this has a been a barrier to these funds locating here? Is there any indication that the clarification provided by this amendment will lead to greater jobs and increased taxation as...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: Who was raising the uncertainty? Was it Revenue or the funds industry?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: Will the Minister outline the rationale behind this section? Where is the proposal coming from in terms of the enhanced industrial buildings allowances? Who is behind this section?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: The scheme was envisaged originally under the Finance Act 2013 but never materialised as a result of rules on state aid. There was quite a bit of argument or discussion or debate at the time that it should be extended, in particular, if memory serves me correctly, to benefit Ireland West Airport Knock. That was obviously not agreeable to the Government and the Minister at the time. The...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: Why the change of heart?