Results 15,061-15,080 of 34,778 for speaker:Seán Fleming
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: Someone has thought of putting in a ceiling.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: It is reduced.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: It is scaled back.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: I ask that the committee be sent a note in that regard and on the changes in the UK even though it is in the OECD.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: That is now gone.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: And changed.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: That limit was imposed around the time of the bank bailout and the establishment of NAMA and was eased off some time ago. As regards the consultation that finished on 31 January, were any submissions received, what were the main themes and when will we see something in that regard? Did the Department of Finance carry it out?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: Were there many submissions?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: Have they been published on the Department of Finance website?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: Reports have stated that the Department of Finance projects €8.5 billion in corporation tax receipts this year. How concentrated on a small number of companies will that be? It was stated that 33% of corporation tax collected in 2016 came from the top ten companies. What is the witnesses' opinion in that regard for 2018?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: The Department must have some estimates in that regard.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: I have another question for the Department of Finance. Is Deputy Cullinane happy for me to continue?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: We are nearly finished. The changes brought in by the Department of Finance with effect from 1 January 2015 regarding tax residency of companies incorporated in Ireland prior to January 2015 do not take effect until 1 January 2021, which is a six year period. How did the Department decide on that six year opportunity? Why not three, four or eight years? What analysis led to deciding upon...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: We received information from the Department of Finance on close companies, which are companies controlled by five individuals or fewer. I wish to put on the record, because people are watching these proceedings, that we have been told that approximately 175,000 companies are registered for corporation tax in Ireland but this document also states that 116,000 of those are close companies. As...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: The money in question could be invested in some other asset. It might not be cash.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: I have a few wrap-up questions that I did not get to the last time. We did not discuss the dividend withholding tax, which is referenced in Appendix 4 of the documentation supplied. I ask Mr. Cody to explain the figure listed for 2014, which is the amount of withholding tax on Irish companies paying dividends. Is most of that money paid to Irish people? How much of that sum is paid to...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: Yes.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: I know that, yes.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: Curiously, the figure in 2014 was €268 million, then the amount jumped by 125% to €605 million in 2015, it dropped by 40% to €375 million in 2016, and jumped another 15% to €431 million in 2017. Why?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: How can we plan public services when a tax more than doubles one year and shrinks to 40% another year? Can Mr. Cody give me an observation on the variation?