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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: Yes, I will be pressing the amendment and I make the point that the Minister knows that in our alternative budget for the end of this year there was a surplus. The only reason I interrupted the Minister the last time was that, in fairness to him, he likes to be accurate in relation to what he says, but sometimes he gets carried away with himself in his attacks of me. That is the point. We...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: I move amendment No. 49: In page 77, after line 32, to insert the following: "Report on restricting banks from carrying forward losses 31. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on restricting the banks from carrying forward losses against taxable profits in a manner which could result in many institutions...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Pearse Doherty: I move amendment No. 50: In page 77, after line 32, to insert the following: "Report on the treatment of Capital Gains Tax with respect to worker-owned cooperatives 31.The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the treatment of Capital Gains Tax in instances where a company or shares of a company are...

Ceisteanna ó Cheannairí - Leaders' Questions (10 Nov 2022)

Pearse Doherty: The Tánaiste is not entitled to that.

Ceisteanna ó Cheannairí - Leaders' Questions (10 Nov 2022)

Pearse Doherty: That is ridiculous.

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (10 Nov 2022)

Pearse Doherty: It is almost a decade since the Tánaiste first promised to reduce waiting times for children with scoliosis. I have lost count of the number of times his Governments have made and repeatedly broken promises. According to Children's Health Ireland, CHI, 149 children with scoliosis or spina bifida have been waiting six months or more for surgery, with 117 of those waiting for more than a...

Ceisteanna ó Cheannairí - Leaders' Questions (10 Nov 2022)

Pearse Doherty: If the Tánaiste thinks housing in Derry is similar to housing in Dublin, then he is delusional.

Ceisteanna ó Cheannairí - Leaders' Questions (10 Nov 2022)

Pearse Doherty: The Tánaiste is delusional.

Ceisteanna ó Cheannairí - Leaders' Questions (10 Nov 2022)

Pearse Doherty: He is delusional if thinks housing in Derry is similar to housing in Dublin.

Ceisteanna ó Cheannairí - Leaders' Questions (10 Nov 2022)

Pearse Doherty: A Thánaiste, ní chreideann an tAire Tithíochta, Rialtais Áitiúil agus Oidhreachtagur cás éigeandála í an ghéarchéim tithíochta cé go bhfuil méadú ar chíosanna, ar chostais agus ar phraghas tithíochta, agus ar líon na ndaoine atá gan dídean. On Tuesday night, the Minister for Housing, Local...

Ceisteanna ó Cheannairí - Leaders' Questions (10 Nov 2022)

Pearse Doherty: The Tánaiste has had 12 full years to deal with those constraints. As we now approach the end of 2022, house prices have never been as high in the history of the State. Rents have never been as high. Homelessness figures, which include 4,000 children, have never been as high in the history of the State. Thousands of people, who are contacting all of us, are locked out of...

Ceisteanna Eile - Other Questions: Tax Yield (10 Nov 2022)

Pearse Doherty: It always was. Stop deflecting. I think I even posted it to the Minister.

Ceisteanna Eile - Other Questions: Tax Yield (10 Nov 2022)

Pearse Doherty: Answer the question. Why is the Minister allowing these rich executives to keep €20 million?

Ceisteanna Eile - Other Questions: Tax Yield (10 Nov 2022)

Pearse Doherty: Answer the question. Why is the Minister going against his officials' advice, allowing these executives-----

Ceisteanna Eile - Other Questions: Tax Yield (10 Nov 2022)

Pearse Doherty: 96. To ask the Minister for Finance the estimated annual revenue forgone as a result of stamp duty not being applied to share buybacks not effected by means of a stock transfer form; and if he will make a statement on the matter. [55908/22]

Ceisteanna Eile - Other Questions: Tax Yield (10 Nov 2022)

Pearse Doherty: A stamp duty tax of 1% normally applies to the purchase of shares. Under certain circumstances, however, when a company buys its own shares, this charge does not apply. In fact, the stamp duty only applies when a share buyback takes place by means of a stock transfer form. In the other two cases, when they are purchased through a direct contract or through security settlement systems, no...

Ceisteanna Eile - Other Questions: Tax Yield (10 Nov 2022)

Pearse Doherty: Revenue just applies the laws we set this House. Share buybacks have become a popular way for companies to drive up their share prices and enrich corporate executives and shareholders. Irish publicly-listed companies are on course to spend more than €1.9 billion buying back their own shares each year, including retail banks and large developers. However, share buybacks can often be...

Ceisteanna Eile - Other Questions: Tax Yield (10 Nov 2022)

Pearse Doherty: We have been calling for this, which the Minister will know because he has our alternative budget. It is online. We have asked the Department to make a clear signal to him as to where he can access it. However, let us deal with the issue here. The Minister talked about how we need to pay for stuff. Up to €20 million in foregone tax is lost here. The loss is difficult to justify,...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Defective Building Materials (10 Nov 2022)

Pearse Doherty: What is clear as we see the detail of the measure and the documents that followed the publication of the Finance Bill is that the levy will have an impact. The impact is very clear; it is negative. It will be negative for those struggling to rebuild their homes in Donegal and right down the coast. It will be negative for the victims of the mica scandal. It will also be negative in respect...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Defective Building Materials (10 Nov 2022)

Pearse Doherty: If the Minister googles our alternative budget, he will find it online. He should not deflect from the reality or the real issue like he did when he abandoned those who are seeing massive increases in mortgage interest and the victims of the mica scandal, who came to this House and whom I know. I have sat in their homes and have seen the cracks in the walls. I have seen the water running...

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