Results 8,801-8,820 of 35,658 for speaker:Pearse Doherty

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: I think that is fair. I will finish on this point. Any gain in excess of what one would receive from selling privately should be taxed and that is what is being considered here. My concern is that we would not introduce in the Bill the ability to collect revenue from what would be potentially an illegal activity.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: As I said, there are circumstances where this could be completely legal but it would have to happen outside our jurisdiction, and so on. My second concern is that in the definition of lottery and gaming we would need to ensure that we capture the British definition in prize competitions, if we are proceeding with this, . Perhaps it is captured in what we have but it would need to be...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: The section deals with online or cross-Border mergers. Can the Minister outline to us please what this technical amendment does? While we are dealing with cross-Border mergers, I am aware that the Minister had a lengthy discussion yesterday on cross-Border workers. Arising from last year’s Finance Bill the Minister agreed to look at this in a tax strategy paper and that, I believe,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: I appreciate that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: I thank the Minister.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: Was this amendment already discussed?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: I will discuss it when we come to the section again.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: I move amendment No. 76: In page 93, between lines 18 and 19, to insert the following: “Report on the application of capital gains tax to all sales of property by REITs and IREFs 39.The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the application the full rate of capital gains tax of 33 per cent to all...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: Yes, I am.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: I move amendment No. 77: In page 93, between lines 18 and 19, to insert the following: “Report on the introduction of a higher rate of capital gains tax on high-income individuals 39.The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the introduction of a 40 per cent rate of capital gains tax on the disposal...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: There is a specific proposal within this amendment that is worthy of merit. The Minister has not said that this idea would be subject to the tax strategy group paper's, work that will be ongoing this summer. I believe it should. I take the Minister's point on estimates. We can only go on what the Department has provided to us. There is a significant yield from this measure. Is the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: I move amendment No. 78: In page 93, between lines 18 and 19, to insert the following: “Report on the treatment of capital gains tax with respect to worker-owned cooperatives 39.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...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: There is a bit of trend here in that nothing has happened in this area for 130 years and then when Sinn Féin produces a Bill the Government undertakes to produce one of its own and to also do something on the taxation end as well. Deputy Mairéad Farrell's Bill on lobbying kick-started the Minister for Public Expenditure and Reform, Deputy Michael McGrath, to produce a Bill in that...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: Unfortunately, I was 60 seconds too late to move amendment No. 88, and the amendment relating to vehicle registration tax, VRT, changes has also been disposed of. I would have liked to have heard from the Minister on the vehicles to which this would apply.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: We are on section 47? Sorry.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: That is fine.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: I appreciate that. Sorry - I am getting my sections and my amendments mixed up.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: Yes, exactly.