Results 14,341-14,360 of 26,053 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: European Commissioner for Competition (31 Jan 2017)
Kieran O'Donnell: Reading the report, the Irish authorities were back and forth to the Commission at the start of the year saying that they were not getting procedural fairness or the right of defence. It was unexpected by all and sundry. Was it in any way dictated by the American election? That was going very hard at the time, and there was talk that Apple and other companies that had money that had not...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: European Commissioner for Competition (31 Jan 2017)
Kieran O'Donnell: Was the specific reason that the Commission went at that time, 30 August, purely that the work was complete?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: European Commissioner for Competition (31 Jan 2017)
Kieran O'Donnell: Did they make plain to the Commissioner or make reference to her that the US would be looking to collect taxes on such moneys from Apple and other similar companies?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: European Commissioner for Competition (31 Jan 2017)
Kieran O'Donnell: When the Commissioner spoke to the US authorities, she said that she spoke plainly and that there was a frank exchange. Did they make it known to her that they intended to take earned corporation tax from money, that is out there at the moment, that would be repatriated to America?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: European Commissioner for Competition (31 Jan 2017)
Kieran O'Donnell: Section 25 of the Taxes Consolidation Act 1997 is the section under which this ruling with Apple was arrived at by the Irish tax authorities at the time. The Commissioner keeps saying that it is about state aid, but this particular section was available to be availed of by any multinational company. Under that particular section, any company is required to come up with a methodology on...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: European Commissioner for Competition (31 Jan 2017)
Kieran O'Donnell: The Commission has made value judgments on how intellectual property rights should be assessed, when in fact they are held in the US. At the same time, the Commissioner is saying that the Irish tax authorities have the sovereign right of dictating tax policy. There appears to be a contradiction in what Ms Vestager is saying. In one breath she accepts the sovereign right of the Irish tax...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: European Commissioner for Competition (31 Jan 2017)
Kieran O'Donnell: I know, but this is very important. Does Ms Vestager believe that the Irish tax authorities have the wherewithal to collect taxes from a company when it has ruled that tax is not collectable under Irish law?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: European Commissioner for Competition (31 Jan 2017)
Kieran O'Donnell: I fundamentally disagree. From reading the 130 page report, I fundamentally disagree.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: European Commissioner for Competition (31 Jan 2017)
Kieran O'Donnell: It is section 25.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: European Commissioner for Competition (31 Jan 2017)
Kieran O'Donnell: A final point-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)
Kieran O'Donnell: I wish to raise a number of points with Mr. Beades. Legislation provides that vulture funds must have an agent operating in Ireland and it is the agent who deals with the holder of the loan. I have spoken to customers of Ulster Bank, who were similarly in the GRG group. Some of them have told me that they were directly dealt with by the vulture fund and not by the agent at all. Has...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)
Kieran O'Donnell: They would have an agent in place.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)
Kieran O'Donnell: I want to discuss practicalities.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)
Kieran O'Donnell: Are vulture funds that have not been regulated in Ireland contacting customers directly and not going through the agent? Does Mr. Beades and his organisation have experience and knowledge of that happening?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)
Kieran O'Donnell: Does Mr. Beades and his organisation know people to whom this has happened? The agent is supposed to be the person that a holder of the loan or borrower deals with, not the vulture fund. Does Mr. Beades know of instances where borrowers have received phone calls and correspondence directly from the vulture funds?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)
Kieran O'Donnell: It is not.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)
Kieran O'Donnell: My question is relevant from a regulation viewpoint. If the legislation is designed so that the control and operation of the loan with the borrower in Ireland is via an agent, who is regulated for under legislation, but in fact the vulture fund is contacting the person------
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)
Kieran O'Donnell: I know an individual who was an Ulster Bank customer and had his fund sold on even though had a performing loan. He has been lucky enough to refinance out. He told me that he received phone calls from people who threatened to take his family home. Has Friends of Banking Ireland experienced such a situation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)
Kieran O'Donnell: Does Mr. Beades have categorical evidence that the vulture funds have contacted people directly and have bypassed the agent in Ireland?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)
Kieran O'Donnell: I have a question for Ms Lavin. On 1 December the Ulster Bank attended this committee.