Results 25,641-25,660 of 32,583 for speaker:Richard Bruton

Written Answers — Department of Education and Skills: Irish Language (4 Oct 2018)

Richard Bruton: A key aim of my Department's Policy on Gaeltacht Education 2017-2022 is to increase the supply of teachers who can deliver high quality Irish medium education in primary and post-primary schools. To work towards achieving this Policy objective, in March 2018, I announced plans for the commencement of two new Irish-medium teacher education programmes which will deliver up to 60 new places for...

Written Answers — Department of Education and Skills: Special Educational Needs Service Provision (4 Oct 2018)

Richard Bruton: As this refers directly to an individual person I have referred this query to the NCSE for direct reply to the Deputy. The NCSE through its network of local Special Educational Needs Organisers (SENOs), is responsible for processing applications from schools for special educational needs supports, including applications for assistive technology. SENOs make recommendations to my Department...

Written Answers — Department of Education and Skills: Schools Building Projects Status (4 Oct 2018)

Richard Bruton: The project to which the Deputy refers has been devolved for delivery to the National Development Finance Agency (NDFA). While the NDFA secured a Notice To Grant Planning Permission for the project from the local authority, this has been appealed to An Bord Pleanála by third parties. The project will be progressed when the decision of the Bord becomes available. Pending that...

Seanad: Commencement Matters: State Examinations Reviews (4 Oct 2018)

Richard Bruton: I thank the Senator for raising this issue. I am pleased that Rebecca Carter has started her course. She is in University College Dublin, UCD, and I am happy for her. I certainly do not want to see students having to go to the courts to exercise their rights on this. The judgment was just issued yesterday and it is 44 pages long, so the Senator will understand that my Department and the...

Seanad: Commencement Matters: State Examinations Reviews (4 Oct 2018)

Richard Bruton: Yes.

Seanad: Commencement Matters: State Examinations Reviews (4 Oct 2018)

Richard Bruton: To be fair to UCD, it was making the point that people starting a course on 10 October, which had started in September, were at a significant disadvantage. Although the exam results always came out on 15 August and appeals were always on 10 October, the trend in recent years has been for colleges to bring the start date further and further forward to try to fit into a new semester system....

Seanad: Commencement Matters: State Examinations Reviews (4 Oct 2018)

Richard Bruton: The Senator will appreciate that it would be foolish for me to set rigid timelines when the groups are only meeting today and we will only fully unearth the complexities that might be involved in resolving this today.

Seanad: Commencement Matters: State Examinations Reviews (4 Oct 2018)

Richard Bruton: It will be well ahead of next year's examinations so that people know for certain. On the issue of when the SEC allows a simple rectification and when it seeks a re-examination, we have to rely on the independence of the SEC in making that decision. I understand the reason it does not allow additions inside to be simply added is that often the reason for additions of figures inside the...

Financial Resolution No. 2: Capital Gains Tax (9 Oct 2018)

Richard Bruton: The existing provision is very narrow. It was introduced solely as an anti-avoidance measure to prevent certain behaviours where abuses where occurring in the transfer of assets while seeking to avoid paying capital gains tax. That anti-abuse measure has been successful and Revenue is not aware of any revenue stream that has been generated by this tax. The behaviour changed so the tax did...

Financial Resolution No. 2: Capital Gains Tax (9 Oct 2018)

Richard Bruton: It is believed that most of the intellectual property now located in Ireland is not rising in value. Most of the intellectual property situated here includes items such as patents on pharmaceutical products. The value of this type of item declines as the patent runs out. Revenue does not anticipate that much of the intellectual property located here will raise revenue because capital gains...

Financial Resolution No. 2: Capital Gains Tax (9 Oct 2018)

Richard Bruton: This is a new tax. It is the first time there will be a tax of this general nature applying to people who decide to move intellectual property but not realise those gains. This is a tax on exit, not a capital gains tax on a disposal. If a company exits, it has not realised the gain. It does not have disposal proceeds from which to pay a 33% rate. That is the reason it was thought...

Financial Resolution No. 2: Capital Gains Tax (9 Oct 2018)

Richard Bruton: The Deputies are presenting this as if we are taking a capital gains regime of 33% and cutting it to 12.5%. This is not the case. The old regime the Deputies have spoken about was designed to stop certain abusive behaviours. It was defined narrowly and it stopped those behaviours.

Financial Resolution No. 2: Capital Gains Tax (9 Oct 2018)

Richard Bruton: This is now a broad-based tax. Deputy Howlin explained why it is being levied at 12.5% and not 33%. He explained very clearly that this is a tax not based on the realisation of a capital gain but simply an exit and movement of the intellectual property to somewhere else. This is not a realised gain that generates cash that can be used to deploy. The principle being applied here is that...

Financial Resolution No. 2: Capital Gains Tax (9 Oct 2018)

Richard Bruton: The same tax regime is being applied as if it continued to remain in Ireland, which is using the corporate tax rate that would have applied had its contribution to generating an income stream remained in Ireland. The income stream that would have been generated by that intellectual property if the company had stayed in Ireland would have been at 12.5%. This is the principle on which the...

Financial Resolution No. 2: Capital Gains Tax (9 Oct 2018)

Richard Bruton: -----knowing that it is imminent, allow companies time to avoid paying their dues.

Financial Resolution No. 2: Capital Gains Tax (9 Oct 2018)

Richard Bruton: As the Finance Bill passes through the House this can be fully discussed with the Minister.

Financial Resolution No. 2: Capital Gains Tax (9 Oct 2018)

Richard Bruton: To withdraw this now would be to clearly signal to companies that we are giving an open invitation-----

Financial Resolution No. 2: Capital Gains Tax (9 Oct 2018)

Richard Bruton: -----to make arrangements to avoid the impact of this exit tax. That is what we would be doing. There will be opportunities for Deputies to seek to change the Finance Bill in due course. It is always open to the Oireachtas to reconsider its position but it would be highly imprudent for us to decide here, having signalled we will introduce it this evening, to withdraw it and give people the...

Financial Resolution No. 2: Capital Gains Tax (9 Oct 2018)

Richard Bruton: The reason we are not predicting a revenue stream on which we would set out spending proposals is that Revenue has advised it would not be prudent.

Financial Resolution No. 2: Capital Gains Tax (9 Oct 2018)

Richard Bruton: That is the case. Deputy Sherlock understands that many pharmaceutical companies are on patent incomes that decline and do not rise in value. Much of what we have on the basis of intellectual properties here is not something on which Revenue would make an assertion of a planned revenue stream that we would use and dispose of in other areas. What we are doing here is correct. There will be...