Results 24,281-24,300 of 36,054 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: So, it was to boost the construction activity? Or to maintain it at least, is that the answer to the question?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: To maintain the construction industry. Okay, Professor John FitzGerald of the ESRI was very critical of the changes you made, the fact that the 60% capital gains tax on zoned land along with the changes you made to the Bacon proposals. He told the inquiry on the 11 February, and this is evidence that he's given, he said:The fiscal policy was most unwise, and it fuelled the programme. If we...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Okay ... like, is it just personal or is there anything of substance that you can give us-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: In terms of the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: In terms of the property taxes, and you've mentioned a number of them there, urban renewal scheme, the rural renewal scheme. How many times did you extend those property taxes?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Did you extend them in the Finance Bill 2004?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: And you didn't extend any at all in that finance Bill?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Like many of these reliefs continued right up until 2008, Minister.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Did you extend the transitional arrangements in those measures?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Okay. If you don't have them at the minute-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Yes. For budget 2006, Indecon took on a review of property-based tax incentives and, on page 32 of the report, it said, "The options of financial institutions, auctioneers, and accountancy tax professionals regarding the effect of the property-based tax incentives as well as other analysis undertaken by Indecon suggest that, in addition to increasing investment and projects, the tax...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Yes, we're aware of that------
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Yes, but you were Minister for seven years. You'd brought in seven Finance Bills during ... where those urban renewals continued through that period. I want to move on to another question.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Nine Finance Bills. Well, there you go. One of the statutory objectives of the Financial Regulator was the promotion of the financial services industry in Ireland. To what extent did Government encourage the Central Bank to pursue this role internationally? And in your view, did the ... this objective compromise the prudential role of the Financial Regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Okay. In your view, were the regulatory institutions of the State focused on the non-labelling of the IFSC as an offshore haven, instead of ensuring that the domestic banks were regulated in a sufficient robust manner to mitigate against the financial stability risks arising from the domestic sector?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: No, sorry, I am aware of that. The question was-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: The question was, were the authorities overly concerned with making sure that the IFSC was not labelled as a tax haven to the detriment of prudential regulation? That was the question.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Okay. Can I ask you, you were responsible as Minister of Finance for appointing the majority of the board members to the central board and Financial Services Authority of Ireland board and the board of IFSRA. Can I ask you, how did you come about ... how did you decide on who to appoint to the board? And it seems, you know, your appointments to the board of the Financial Regulator...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Pearse Doherty: Yes, I'm asking about you-----