Results 4,901-4,920 of 5,157 for speaker:Mairéad Farrell

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)

Mairéad Farrell: I want to come in on the excellent point Deputy Barry made. We are seeing a massive increase in military spending in the EU. Between 2004 and 2006, €65 million was spent and now we are looking at billions of euro. We have also agreed to the permanent structured co-operation, PESCO, which sees an increase in our military spending so I agree with Deputy Barry. It would definitely be...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)

Mairéad Farrell: When we analyse the impact the measures in section 32 will have, we see that they are focused on electric cars that cost between €35,750 and €46,500. Does the Minister agree that the distributional benefits of this measure are geared towards higher earners?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)

Mairéad Farrell: I know Deputy Naughten has raised this issue previously but it definitely has been coming up on all our contacts. Many people are deeply concerned about this. I hope it will be rectified quickly because it is an issue that is really affecting people's lives.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)

Mairéad Farrell: I ask the Minister to comment briefly on this section.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)

Mairéad Farrell: We discussed this section at length when we dealt with section 29. I reiterate my opposition to the section and I want to have that put on record.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)

Mairéad Farrell: On section 44, I welcome the application of the reduced rate of VAT to certain sanitary products but I am wondering why the section refers to "certain" rather than "all" such products. I ask the Minister to clarify that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Mairéad Farrell: We are talking here about people who, in many cases, have not been working since March because of Government restrictions. These restrictions had to be put in place but the fact that these people have not been working since March has had a massive financial as well as mental health impact on them. Now we are saying that we will tax them retrospectively. What legal advice has the Minister...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Mairéad Farrell: This comes down to the issue of affordability. That is the core issue we see across the State and in Galway city. We saw a report again last week which shows that rents have risen by 5% in Galway city. No properties within Galway city fall within the HAP limits. We need to have affordable rents and affordable housing. People must have the ability to buy affordable houses. The...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Mairéad Farrell: This section relates to a new annual reporting requirement for convertible securities, restricted shares and forfeitable shares given to a director, employee or other person that will now be required in electronic form in a format provided by the Revenue Commissioners. The general share award reporting obligations have also been extended to include cash equivalent to shares or shares granted...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Mairéad Farrell: I understand that information will be shared on an anonymised basis. It will not be formal and will take place on an ad hoc basis rather than monthly or annually.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Mairéad Farrell: On the increase in the value of the naval personnel credit for another year, I am concerned this will not go far enough to help the people it is intended to help. Pay and working conditions are of particular concern. Will the Minister comment on the impact that will have on the Naval Service?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Mairéad Farrell: I agree with my colleague on these amendments. It is important, especially given the context of the current climate, that we see a move to a more progressive taxation system. That is especially true in light of the fact that the committee voted to retrospectively tax those who lost their jobs and income through no fault of their own but due to the global pandemic. Accepting these...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Mairéad Farrell: Many issues and concerns have been raised. One of our concerns is the one raised by Deputy Nash, whereby this scheme seems not to deal with suppliers. Suppliers have been hit massively by this crisis and the fact that they appear to have been excluded from this is deeply disturbing for them. Many of them have been in contact with us about that. The other issue that has been raised is that...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Mairéad Farrell: Section 16 proposes an increase in the rate of the encashment tax from 20% to 25%. That change would bring the rate of encashment tax in line with the rate of the dividend withholding tax, which was increased to 25% last year. It also includes an exemption from encashment tax for Irish companies and a requirement that they make certain returns of information to Revenue. Can the Minister...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Mairéad Farrell: What details will they be required to submit?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Mairéad Farrell: I thank the Minister.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Mairéad Farrell: I thought the note said section 24 would be considered tonight.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Mairéad Farrell: Okay. I do not mind it being tomorrow either but the last note we got, from what I can see-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Mairéad Farrell: I thank the Minister.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Mairéad Farrell: This section amends the hybrid rules in part 35C of the principal Act and it proposes, among other things, changes to the definition of "associated enterprises". Many of Ireland's anti-hybrid rules are applicable only where there is a transaction between so-called associated enterprises, the definition of which this Bill looks to make clearer. The amendments to section 20 also include a new...