Results 11,841-11,860 of 16,369 for speaker:Peadar Tóibín
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: Is there a potential cost to the Exchequer as a result of this anti-avoidance measure being weakened and has any revenue been raised from this measure in the past few years?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: I move amendment No. 67:In page 78, between lines 34 and 35, to insert the following:"57.The Minister shall, within one month of the passing of this Act, prepare and lay before Dáil Éireann a report on options available for the introduction of a rate of 3 per cent betting duty for online and in-shop bets to be paid by the customer.". I welcome the decision to bring online betting...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: I move amendment No. 74:In page 81, between lines 19 and 20, to insert the following:“66.The Minister shall, within nine months from the passing of this Act, prepare and lay before Dáil Éireann a report on options available for the introduction of a comprehensive asset tax otherwise known as a wealth tax, the report shall include options for the collation of data necessary...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: We can try to "out-data" each other here all day.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: If one goes to the CSO's household finance and consumption survey report-----
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: Even if one was to go on the CSO data from the household and finance consumption survey, it indicates that the top 20% of income earners hold 40% of the wealth. That is equivalent to the bottom 20% of the income distribution. Even even on those figures, wealth distribution is grossly lopsided.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: Perhaps I have not made myself clear. The CSO references those in the top 20% of the income distribution having 40% of the wealth. The CSO crosses the two items there. It says that those in the bottom 60% of the income distribution are at the same level of wealth. That is approximately two thirds. The top 20% in the income distribution has three times the wealth of the bottom two thirds....
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: We will not agree on the idea of a wealth tax, but every manager in the State knows that one cannot manage if one cannot measure. If the Government does not collect the information, it cannot manage this issue properly either. It is quite shocking that the Government does not know the wealth of the nation. It does not know the wealth in the hands of the people of the State. That means it...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: Their insurance company will know about it.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: The Minister has jumped from economic management and knowing the facts to holding files on everything about people. That is not what we are discussing.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: No. I was-----
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: I believe that 95% of the population would.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: There are a suite of assets that could be included.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: For example, all income from savings in excess of €1 million per annum; stocks and shares and all other financial products in public companies; shares in private non-trading companies; and land, buildings and second and subsequent homes. The Minister referenced second and subsequent homes. If the Minister were to abolish the property tax and impose a €400 tax on second homes,...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: This happens in France and Norway.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: I was referring to working land.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: Working farmland, livestock and blood stock would be exempted from it.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: Working farmland, as understood in the context of approximately 200,000 farms in this country, is land on which a number of agricultural products are produced and from which income is derived for a family.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: The Minister can get Jesuitical on the differences but his Department is sufficiently resourced and staffed-----
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)
Peadar Tóibín: No, but the departmental staff are sufficiently skilled to be able to differentiate between working farmland of a family and an asset held by a wealthy person in order for it to appreciate. Currently, banks of land throughout this country are being held by developers in the hope that they will increase in value such that when they build on it they will be able to maximise their profit...