Results 18,621-18,640 of 26,148 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: I cannot speak for the Revenue Commissioners but, paraphrasing what we were told, the Revenue Commissioners felt the level of expertise available at the level of Appeal Commissioner, to which Mr. Keegan made reference, means people are dealing with experts at that level. If it goes to the Circuit Court, we are not always dealing with people at the same level of expertise. It might be...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: There is no time limit on the appeal. At the moment, is there a time limit on when the taxpayer can look for an appeal?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: Is there a time limit of 30 days under the new legislation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: So there needs to be a time limit in the new legislation.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: Currently, with the appeal process, does the burden of proof lie with the taxpayer or the Revenue Commissioners?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: There is an element that needs to be re-engineered.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: Do the witnesses agree with the general tenet of the Revenue Commissioners and the Department of Finance that the current appeals system is not fit for purpose?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: The current system is not as efficient as it should be.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: Self-assessment came in during the 1980s. Prior to self-assessment, people argued with the Revenue Commissioners when cases were listed for hearings. Suddenly, an onerous and stringent self-assessment system came in and it has a 99% compliance rate. It has worked. Could a more efficient appeals system be implemented? It appears it is open to abuse because people can use the legal system...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: That is a good system.
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: I welcome Mr. Regling and sympathise with him on the passing of Max Watson. I was here when Mr. Watson appeared before the committee. Mr. Regling concurred with a statement that the Irish crisis could have threatened the euro. I want him to expand on that. Why did he agree with that statement?
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: Ireland was the first country.
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: Our guarantee was put in place on 29 September. It appears to have been done after very little deliberation with the ECB. Was it Mr. Regling's understanding that there were deliberations with the ECB prior to the guarantee?
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: When Mr. Regling says he has sympathy for that, in what sense does he have sympathy for the Governor?
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: Mr. Regling was a director in the European Commission up to 2008 on the economic side. I refer to the Stability and Growth Pact construct. Mr. Regling makes reference throughout the report to the fact that alarm bells should have gone off in terms of the increase in lending. He speaks about the systemic risk throughout the banks which it seems was important beyond...
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: Does Mr. Regling believe----
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: When Mr. Regling says that no-one was really in charge, who is he talking about? Is he talking about the political establishment, the regulators or the banks, or is he saying that everyone was to blame in terms of the institutions, including the Government and the political system?
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: To take up that point that was just made, in the context of the type of guarantee that was put in place, which was a two-year guarantee that brought about a funding cliff for the banks two years afterwards in September 2010, Professor Lane said that the Government ensured solvency. I would not agree with that statement because the fact is that the banks themselves are either solvent or...
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: With due respect, Professor Lane, we clearly now know-----
- Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)
Kieran O'Donnell: I am sorry.