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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paul Murphy: I move amendment No. 1: In page 7, between lines 19 and 20, to insert the following: “Report on abolition of universal social charge 3.Within 6 months of the passing of this Act, the Minister shall produce a report on the benefit of abolishing the universal social charge on all income below €90,000 and replacing it with 4 new income tax bands for income earned between,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paul Murphy: Does the Minister accept that such a change would make the tax code more progressive precisely by leaving the USC? The USC should be renamed because it would no longer be a USC. Instead, the charge should be called a higher income social charge and only apply to the very top earners in our society, which would be a progressive move. I do not accept the argument that introducing new tax...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paul Murphy: I oppose this section. As Deputy Pearse Doherty outlined, it is a really blatant pro-super rich policy by the Government to hand over the money in the form of a tax break to some of the highest earners in society. Those affected will not have to pay up to €130,000 in tax next year, a sum they would have had to pay prior to the budget. The money could have been spent on many things...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paul Murphy: I have some general questions on the KEEP. Does the Minister not agree there is a danger in incentivising key employees to be paid with share options in terms of the dynamic that it creates in the incentives for the employees? A factor cited in the crash of 2007 and 2008 was the impact of that incentive, which was not so much to achieve long-term sustainable growth, but to achieve increases...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paul Murphy: I do not agree with the proposal in section 15 to extend the scheme, which was due to expire. I am against the extension for a number of reasons and have some questions to put to the Minister. I am against it because the fundamental effect of the so-called "help-to-buy" scheme is to transfer money into the pockets of developers having passed through the hands, briefly, of a select group of...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paul Murphy: We are going to spend another €100 million on this tax expenditure without carrying out a study to show it will result in any ordinary people getting houses. That is the proposal notwithstanding the fact that a study of a similar scheme in Britain has concluded there is a massive dead weight and it is a waste of public money. When the then Minister for Finance, Deputy Noonan,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paul Murphy: It is not agreed.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paul Murphy: I would like to formally move amendment No.32.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paul Murphy: I am in the same group as the Deputies whose names are attached to the amendment. Do they have to be here physically?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paul Murphy: No, it is in the names of Deputies Boyd-Barrett, Bríd Smith and Gino Kenny.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paul Murphy: I move amendment No. 40: In page 48, between lines 3 and 4, to insert the following: “Report on impact of financial transactions tax 28. Within 6 months of the passing of this Act, the Minister shall produce a report on the revenue deriving from a financial transactions tax of 0.1 per cent on shares and securities and 0.01 per cent on derivatives.”. This amendment...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paul Murphy: This is like proposals to increase the effective rate of corporation tax or to close corporate tax loopholes, whereby the answer from the Government is always the same. It says that it is not necessarily against the idea but that everyone would have to do it at the same time. This is just an excuse to lag behind developments and to try to maintain our tax haven status. The Government will...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paul Murphy: I am pressing my amendment.

Report of the Committee on Procedure on Dáil Divisions: Statements (24 Oct 2019)

Paul Murphy: What has been revealed in the past week or so is utterly scandalous. It demonstrates deeply-double standards in how ordinary people would be treated if they attempted to get someone else to vote for them and how Deputies feel they can act. It demonstrates contempt for democracy on the Fianna Fáil side of the House, but we also see it in other respects on the Government side of the...

Report of the Committee on Procedure on Dáil Divisions: Statements (24 Oct 2019)

Paul Murphy: What if that happened in a general election?

Finance Bill 2019: Second Stage (23 Oct 2019)

Paul Murphy: Last week, we had the international day for the eradication of poverty and the previous week we had the budget. We know that 780,000 people in Ireland are living in poverty, which is about one in six, including 250,000 children. Of those 780,000 people, 100,000 are in work and suffering from poverty. Some 700,000 people are on healthcare waiting lists and over 100,000 households are on...

Post-European Council Meetings: Statements (23 Oct 2019)

Paul Murphy: I am sharing time with Deputy Boyd Barrett and possibly someone else. The Government, and other parties in this House, are guilty of prettifying the Brexit deal and presenting it as a good deal. The Taoiseach earlier called it "a good agreement". That is not the truth. The Government is supporting the deal to facilitate Prime Minister Boris Johnson pass what is a bad, neoliberal,...

Ceisteanna (Atógáil) - Questions (Resumed): European Council Meetings (23 Oct 2019)

Paul Murphy: No.

Ceisteanna (Atógáil) - Questions (Resumed): European Council Meetings (23 Oct 2019)

Paul Murphy: 24. To ask the Taoiseach if he will report on his most recent contacts with the President of the European Council and President of the European Commission. [43230/19]

Ceisteanna (Atógáil) - Questions (Resumed): Taoiseach's Meetings and Engagements (23 Oct 2019)

Paul Murphy: 14. To ask the Taoiseach if he will report on the engagements he has had with the UK Prime Minister. [43229/19]

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