Results 2,001-2,020 of 12,318 for speaker:Paul Murphy

Other Questions: European Banking Sector (10 Nov 2016)

Paul Murphy: What are the Minister's views on the possibility of a significant second wave of a European banking crisis with an epicentre perhaps in Germany with Deutsche Bank or in Italy and the suffering banking system there? Has the Minister made any preparations for the impact of such a crisis in Ireland in terms of the banking system and the economy?

Other Questions: European Banking Sector (10 Nov 2016)

Paul Murphy: The fundamental thing is that it is eight years since the outbreak of the major financial and banking crisis, which had a particular European dimension, and the policies implemented in response to it did not deal with the fundamentals and did not fundamentally deal with the unsustainable debts which exist. The bailout funds which have been set up are not substantial enough to deal with the...

Other Questions: European Banking Sector (10 Nov 2016)

Paul Murphy: The problem will be when the money runs out in the common European banking funds and the resolution funds, because the money can run out when we speak about amounts of €360 billion. Who will pay for it then? Take the example of Deutsche Bank, which was being described as a potential Lehman Brothers 2.0. Obviously, it subsequently returned profits and things have calmed down...

Written Answers — Department of Finance: Tax Reliefs Costs (10 Nov 2016)

Paul Murphy: 25. To ask the Minister for Finance if he will conduct a review of the projected cost of the exemption from capital gains tax he granted to investments in commercial property where the property is held for seven years or more; and if he will make a statement on the matter. [34041/16]

Written Answers — Department of Finance: Fiscal Policy (10 Nov 2016)

Paul Murphy: 34. To ask the Minister for Finance his views on the comments by the chair of the Irish Fiscal Advisory Council (details supplied) on compliance with EU fiscal rules; his views on whether the EU fiscal rules are therefore overly restrictive; and if he will make a statement on the matter. [30839/16]

Written Answers — Department of Finance: NAMA Operations (10 Nov 2016)

Paul Murphy: 48. To ask the Minister for Finance his views on block sales of NAMA rented residential properties being advertised (details supplied) for sale on the basis of the potential for very large rent increases, in view of the scale of the housing crisis and the likelihood rent increases on this scale could effectively lead to mass evictions of tenants; and if he will make a statement on the matter....

Written Answers — Department of Foreign Affairs and Trade: Human Rights (10 Nov 2016)

Paul Murphy: 199. To ask the Minister for Foreign Affairs and Trade his views on reports from a group (details supplied) that Italian authorities tortured migrants, including beatings, sexual humiliation and electric shocks, to meet an EU target of 100% of migrants giving fingerprints; if he will raise the issue with his Italian and EU counterparts; and if he will make a statement on the matter. [34114/16]

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Paul Murphy: I completely oppose SARP as it is a tax break for a small number of well paid corporate executives and illustrates the Government's approach. The Government cannot give pay equality to gardaí, teachers and low paid public sector workers but it can dole out tax breaks to some of the most well paid people in this country. The scheme is completely odious and the fact that the Government...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Paul Murphy: This section relates to the extension of the foreign earnings deduction which is a tax break to a relatively small number of people. I am opposed to this section and would like to hear the Minister's explanation for it, why it is adding to the number of eligible countries on the list but also reducing the number of days. As far as I can the see the qualifying days have gone from 60 days, to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Paul Murphy: Will the Minister explain why there is a further reduction in the number of days? When the measure was originally introduced it was 60 days, then it was 40 days and now it is proposed to go to 30 days. This is quite a difference. The more fundamental point is that I have not heard any evidence, or any basis upon which to develop the evidence, to say that this scheme works with regard to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Paul Murphy: It is scandalous. If members of the public was aware of what was happening here, which is a double bailout for the banks at the expense of taxpayers, they would be appalled. We bailed out the banks but they continue to have a tax benefit as a result. The Government is opposed to even having a report about how this could be curtailed. The annual financial report of AIB for 2014 stated that...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Paul Murphy: It should be because we bailed them out.

European Defence Agency: Motion (15 Nov 2016)

Paul Murphy: We do not want to be involved in any prettifying of the EDA, which is a peddler of death, or any presentation of the agency as it has been presented by the Government. The Government's statement in the White Paper on Defence that the Department of Defence and the Defence Forces are committed "to improving the potential for Irish enterprise to compete for Defence contracts" means that it...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Paul Murphy: We are opposing section 15 of the Bill. It is restoring full interest deductibility for rented residential property over a five-year period at 5% a year, going from 75% to 80% and back up to 100%. It was a key demand made by the landlord lobby groups, certainly to the Committee on Housing and Homelessness and, presumably, also to the Government. The Government has agreed to it and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Paul Murphy: We are opposed to the reduction in DIRT because it is clearly regressive. Those who will benefit are those who have money, which I do not begrudge them. This reduction will benefit sections of society that have larger amounts of money already saved. At a time of low-paid workers, underfunded public services, austerity taxes and so on I do not think it is appropriate to provide for a tax...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Paul Murphy: I have a brief question. In the material for the budget, I think the estimate given for the revenue to be raised by this measure is €50 million, which is small in terms of the scale of what is being talked about and the amount of tax avoidance that has been happening through section 110. How is this figure accounted for? Why is there such a gap between what is reported as going...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Paul Murphy: When the Minister of State says the figure does not include anticipated or potential behavioural changes, would those behavioural changes have the impact of reducing or increasing the figure? I presume the former on the basis that these companies choose to operate in a different way because they cannot avoid tax in this way.

Other Questions: Teacher Recruitment (16 Nov 2016)

Paul Murphy: 28. To ask the Minister for Education and Skills if he envisages difficulties in recruiting extra teachers, as outlined in the budget speech made by the Minister for Public Expenditure and Reform, in view of the inferior terms and conditions for new teachers; and if he will make a statement on the matter. [30837/16]

Other Questions: Teacher Recruitment (16 Nov 2016)

Paul Murphy: In last month's budget, the Government set out its plans to recruit an additional 2,400 teachers. How on earth does the Minister expect to recruit teachers given that new teachers are beginning on a lower payscale? How does he think new entrants can be attracted into a two-tier system in which unequal pay for equal work is enshrined?

Other Questions: Teacher Recruitment (16 Nov 2016)

Paul Murphy: The Minister has said that there is "no more important area in which we can invest" than education, but his policy of fighting to maintain pay inequality at the core of this country's teaching profession is a funny way of showing it. Even with the TUI agreement, new teachers who are coming in are suffering a significant pay gap. Some of them are paid €6,000 or €7,000 less than...