Results 15,201-15,220 of 35,894 for speaker:Pearse Doherty

Committee on Budgetary Oversight: Environmental Impact of Fiscal Instruments: Discussion (Resumed) (3 Jul 2018)

Pearse Doherty: I was about to make that point. There would be no requirement to reduce the baseline. All that would be needed would be to increase the limit to which the sector could benefit.

Committee on Budgetary Oversight: Environmental Impact of Fiscal Instruments: Discussion (Resumed) (3 Jul 2018)

Pearse Doherty: Yes.

Committee on Budgetary Oversight: Environmental Impact of Fiscal Instruments: Discussion (Resumed) (3 Jul 2018)

Pearse Doherty: Parking that to one side, if there was no upper limit of 7.5 cent and if equalisation was introduced, the association's members would not be adversely affected because they would simply get a larger rebate. Would that be the case?

Committee on Budgetary Oversight: Environmental Impact of Fiscal Instruments: Discussion (Resumed) (3 Jul 2018)

Pearse Doherty: Explain that to me.

Committee on Budgetary Oversight: Environmental Impact of Fiscal Instruments: Discussion (Resumed) (3 Jul 2018)

Pearse Doherty: I am not sure if the association provided us with that detail. It would be helpful if we had it.

Committee on Budgetary Oversight: Environmental Impact of Fiscal Instruments: Discussion (Resumed) (3 Jul 2018)

Pearse Doherty: Has the association done calculations on the basis of a base rate for the rebate being set at 85 cent per litre given that it is the level that would neutralise any impact of equalisation or would that create an additional incentive?

Committee on Budgetary Oversight: Environmental Impact of Fiscal Instruments: Discussion (Resumed) (3 Jul 2018)

Pearse Doherty: I am well aware of that. I have extended family members involved in the sector and I am well aware of the challenges.

Committee on Budgetary Oversight: Environmental Impact of Fiscal Instruments: Discussion (Resumed) (3 Jul 2018)

Pearse Doherty: The €22 million cost is based on having the lower base for the rebate and increasing the rebate rate to 15 cent. That is not taking on board the benefits that could accrue to the State from hauliers purchasing their fuel-----

Committee on Budgetary Oversight: Environmental Impact of Fiscal Instruments: Discussion (Resumed) (3 Jul 2018)

Pearse Doherty: -----at home. We also need the sector to move from using a diesel engine to a more sustainable type of engine. I appreciate what the witnesses said about Brexit. I come from a Border community and I hear about all the challenges, and God knows how it will end up. We need to move to having a far more sustainable system. Where does Ms Murphy see the road haulage sector in ten or 15...

Committee on Budgetary Oversight: Environmental Impact of Fiscal Instruments: Discussion (Resumed) (3 Jul 2018)

Pearse Doherty: Is the proposal in which Scania was involved in Sweden in 2016-----

Committee on Budgetary Oversight: Environmental Impact of Fiscal Instruments: Discussion (Resumed) (3 Jul 2018)

Pearse Doherty: I appreciate that. I was referring to a 2 km stretch of motorway.

Committee on Budgetary Oversight: Environmental Impact of Fiscal Instruments: Discussion (Resumed) (3 Jul 2018)

Pearse Doherty: That is correct. My final point is on the issue of Brexit. There is increasing talk about a potential hard Brexit with the UK crashing out of the European Union if there is a no deal scenario.

Committee on Budgetary Oversight: Environmental Impact of Fiscal Instruments: Discussion (Resumed) (3 Jul 2018)

Pearse Doherty: If that happens, and even if there is not that type of crash, there could still be implications for the association's members where trucks would have to be checked in terms of the carriage of different types of products and so on. That would have to happen at Dublin Port and possibly at Rosslare Europort. What discussions has the association had with the port authorities? There is not the...

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: Is Mr. O'Brien concerned about rail and the impact it has on businesses? I refer in particular to the cost of rail. My understanding is that the regulator applies a cost to the usage of rail and maintenance of the tracks and that cost impacts on businesses using rail to transport their goods. Ireland is an underachiever in this and in trying to future proof our economy. Has IBEC looked at...

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: On small and medium enterprises and corporation tax, the witnesses mentioned the bumper receipts we have had in recent years. I will come back to that in a minute. Sometimes when we talk about our economy we tend to focus on the FDI. Indeed, when we deal with finance Bills there are changes which support FDI. FDI is hugely important as are the tax receipts and how we use them, as Mr....

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: Will Mr. O'Brien talk me through the share option scheme and give a practical example of how that would work in helping to retain talent?

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: Mr. Brady mentioned research and development and my colleagues had questions on this. We have had discussions in this committee and indeed on the Finance Bill regarding research and development tax credit. It is coming to a point where we need to figure out this out. This tax credit is likely to cost a €1 billion at some stage. It was up to €708 million in 2015, and is...

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: I am told by SMEs that they are doing research and development but not availing of the tax credit, although I have not discussed the complexity of it but it is not on their radar. Sometimes they do not see it as something for them. Are a significant proportion of indigenous SMEs missing out on research and development tax credits because of lack of awareness or that they are just busy...

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: I heard Mr. Danny McCoy's comments at the national economic dialogue. Mr. Brady is a contrarian in respect of the rainy day fund and so am I. He has argued that the investment should be made in a specific area of education and it is important to outline that. Has he concerns regarding the operation of the rainy day fund, even if the money does not go into education? the State will not be...

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: Can Mr. O'Brien elaborate on those pressures? Every agency that has come before us has told us that while there is no overheating, there is a medium-term risk of overheating whereas the risk in respect of housing is high, with a high impact. Even if there was overheating, they also say the impact would be medium.