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Report of Committee of Selection: Motion: Departmental Offices (22 Nov 2022)

Richard Boyd Barrett: No, we were not.

Report of Committee of Selection: Motion: European Council (22 Nov 2022)

Richard Boyd Barrett: 17. To ask the Taoiseach if he will report on his attendance at the European Council meeting held on 20 and 21 October 2022. [57446/22]

Report of Committee of Selection: Motion: European Council (22 Nov 2022)

Richard Boyd Barrett: For the record, when Bertie Ahern was shaking the hand of Vladimir Putin, some of us were protesting outside the Russian embassy about Putin's bloody and murderous invasion of Chechnya. I did not see the Taoiseach there. We are consistent. He is right when he says we are against illegal annexations in eastern Ukraine by Russia. Nobody should facilitate such things; he is right. Next...

Declaration of a Housing Emergency: Motion [Private Members] (22 Nov 2022)

Richard Boyd Barrett: We campaigned for that for years.

Declaration of a Housing Emergency: Motion [Private Members] (22 Nov 2022)

Richard Boyd Barrett: I am sharing time with Deputies Paul Murphy and Mick Barry. In the middle of a debate on an unprecedented and utterly dire housing and homelessness emergency, the Minister responsible for housing said there is no emergency and has now left the debate before it is over. If people did not have enough reasons to come out on the street this Saturday for the Raise the Roof demonstration, that...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Richard Boyd Barrett: I have never accepted the argument about the independence of NAMA. The mandate of NAMA was set by Government and by legislation and Government can change that mandate. On other matters, I long thought it should change that mandate but this issue is a very big one and everybody acknowledges that. It is not certain precisely how we would go about giving redress to people; it could be through...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Richard Boyd Barrett: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022)

Richard Boyd Barrett: Do we know how much money has been paid out under the scheme? I know it is not the Minister's Department that has the information. I also accept that the amendment relates to a tax exemption. As a matter of interest, however, does he know how much was paid out under the Covid-related layoff payment scheme and precisely what were the conditions of entitlement for the payment? The reason I...

Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (9 Nov 2022)

Richard Boyd Barrett: The Kenny report.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Richard Boyd Barrett: I move amendment No. 19: In page 59, between lines 36 and 37, to insert the following: “Wealth Taxes 21.Within 3 months of the passing of this Act, the Minister shall lay a report before the Dáil, on the amount of revenue that would be raised if he were to tax the top 5 per cent of households 2 per cent of their accumulated wealth less 1 million for a family home.”. ...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Richard Boyd Barrett: I move amendment No. 20: In page 59, between lines 36 and 37, to insert the following: "Reports 21.The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the revenue gained from increasing corporation tax to 25 per cent for corporations with over €800,000 in profits and in closing loopholes that exist that allow...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Richard Boyd Barrett: I would not mind responding briefly.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Richard Boyd Barrett: I would be very-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Richard Boyd Barrett: I have been very economical in comparison with some of what I heard in earlier discussions. How we invest in key areas like developing our renewable energy resources is an important question, even more so as a result of the current crisis. It is a mistake to cling on to the belief that we have to kowtow to international investors in order to get the level of investment we need to do...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Richard Boyd Barrett: I move amendment No. 24: In page 60, after line 42, to insert the following: “Reports 22. Within 3 months of the passing of this Act, the Minister shall lay a report before the Dáil on the cost to the Exchequer of taxing the disposal of patent rights at the same rate as the disposal of patents.”. I would like to put a direct question on the treatment of capital...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Richard Boyd Barrett: I will ask the Minister a number of questions. He is saying that if our proposal were adopted and patent rights were taxed at the capital gains tax level - at the same rate as the disposal of patents - it might or might not increase revenue, and therefore he is not going to do it. Can the Minister elaborate on why this might increase revenue and why it might not?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Richard Boyd Barrett: I see the gain. I do not see the other side.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Richard Boyd Barrett: Can the Minister elaborate on those reliefs?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Richard Boyd Barrett: Yes, exactly. So we could get more tax if we just applied the 33% in both instances, but we are worried that we might not as a result of the group reliefs under capital gains that can be availed of. The Minister could just get rid of the group reliefs. I think he should do so. The wider section 22 deals with inter-group transactions, to which the Minister has referred. Indeed, they were...

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