Results 48,281-48,300 of 49,836 for speaker:Stephen Donnelly

Written Answers — Department of Children and Youth Affairs: Inter-Country Adoptions (18 Sep 2013)

Stephen Donnelly: 1267. To ask the Minister for Children and Youth Affairs if she will consider an amendment to the Adoption Act 2010 that would give more time for adoptions from Russia that are already in progress but yet to be finalised, which is required as a result of a change in Russian legislation last year; and if she will make a statement on the matter. [38757/13]

Written Answers — Department of Transport, Tourism and Sport: Noise Pollution Issues (18 Sep 2013)

Stephen Donnelly: 1600. To ask the Minister for Transport, Tourism and Sport if the National Roads Authority are aware of an area (details supplied) in County Wicklow where noise pollution from the N11 has increased considerably; if the levels of noise pollution can be tested by the NRA; if they can expedite a solution if the levels are too high; and if he will make a statement on the matter. [36972/13]

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: I thank Professor Barry and take his point on segmentation. I am interested in getting the full picture. We have numbers, for example, 11.1%, €70 billion and so forth. However, I can find no figure for the X hundreds of billions of entering and leaving Ireland in those segments. Does Professor Barry know of anyone who has done such an analysis? It would give us a full picture of...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: Yes.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: This is why we have schools of economics in our universities. I thank the professor for his answers. Should we take any action unilaterally or should our approach be wholly a multilateral one? I believe he is saying that the correct approach for us is the OECD's one.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: I thank Professor Barrett for his time.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: Thereabouts.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: For the sake of mathematics, we will call it €4 billion. So 1.4% is €56 million. If we are to believe the 11.1%, we must also believe that €56 million is the amount of foregone corporation tax. That is what we would have to believe mathematically. Let us take a made-up example called GIZMO. GIZMO creates a holding company that is either resident here but non-resident...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: Therefore, this-----

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: This is why I have always struggled with these corporation tax effective rates because what we are saying is that around €50 million goes back to companies for proper research and development activity, let us hope. By the way, there are tens of billions of euro being made here which are almost entirely being funnelled out of the country or just not being paid anywhere and when we...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: That is an interesting effective rate. So the effective rate is 11.1% if we do not include all the tax avoidance?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: Sure.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: Just to be clear, I am not. I am just establishing a base that says 11.1% is our effective corporate tax rate ignoring all of the tax avoidance. My second point is an aside-----

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: By definition, absolutely. The point I am making, which is conveniently ignored when one talks about effective corporation tax in Ireland, is it is that rate ignoring all the tax avoidance. On a quick aside because I would not like anybody listening to think that Irish engineers do not add any value, I started off my life as a engineer out of UCD. While the science for the compounds for...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: I have no idea. I think that is important because it follows on to the next question. I would like to see and would love to know whether Professor Barry has seen an analysis of the quantums involved. As far as I can tell, there are four different types of tax paid and avoided in this country. I would like to hear Professor Barry's thoughts as to whether these four segments are correct....

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: I thank Professor Barry for giving of his time today and for sharing his expertise. It has been very useful. I wish to pick up on the point of the effective tax rate. It puzzles me when we get a figure from Revenue of 11.9% or the figure Professor Barry produced of 11.1%. If we assume a corporation tax figure of say €4 billion is paid in Ireland, the difference between the 12.5%...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: They are Professor Barry's figures. If we take the 11.1% from Professor Barry's presentation, the difference between that and the rate of 12.5% at 1.4% against a base of about €4 billion paid is a difference of about €56 million.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Stephen Donnelly: Mr. Masding said he tries to do the right thing for the customer-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Stephen Donnelly: On the example he has just given, does he think that is the right thing for the customer? It is an easy statement to make but when it comes down to the detail, he is going to ask her to leave university.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with Permanent TSB (5 Sep 2013)

Stephen Donnelly: In this case, the decision Mr. Masding is standing over is that one of the bank's borrowers should leave university. I do not think he or I would believe that is in the best interests of the country, if they are the types of decisions he is willing to stand over.