Results 26,101-26,120 of 27,945 for speaker:Michael McGrath
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: The amount of tax paid is determined by a range of factors. The principal one is the level of income earned under each category of income, including in case 5. While changes have been made in respect of the treatment of rental income, many people will have seen an increase in tax because their income has increased. That is a broad generalisation. I think the Deputy is referring to policy...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: I thank the Deputies for their comments. I understand that Deputy Matthews's committee has been engaging with the RTB and the CSO on the classification differences and seeking to reconcile the data. When it comes to the CSO data, they are based on a person declaring they are a tenant but they may well be in the licensee category rather than being an actual tenant. Students or people...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: There have been different changes over recent budgets in the treatment of rental income, including when it came to retrofitting of rental properties, pre-letting expenditure and so on. There have been different changes and I am not going to give a broad characterisation of what those changes are. They speak for themselves. They have been enacted. Notwithstanding all of that, the evidence...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: I have not examined effective tax rates across different categories of income over recent years.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: What I do know is what Sinn Féin's policy is.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: Hold on now. Do I have the floor?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: I can tell the Deputy what his policy is.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: I think we all know the Deputy despises landlords.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: Yes, you do.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: His party's rhetoric and promised policies are part of the reason some landlords are deciding to leave the market. Let us call a spade a spade. The Deputy's policy on the rental sector is to freeze the rents so landlords never get to put the rent back up again. They can never sell the property because he will ban evictions of all forms for however long and he will increase the tax. Sinn...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: Yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: It is black and white, I say to the Deputy.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: What is the policy?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: What is it?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: Bogus.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: Can I respond, please?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: The Deputy thinks that by shouting, it adds force to his argument. It actually does not but masks a weakness in his argument. The reality, as I have set out, is that there were 24,000 notices of termination from the third quarter of last year to the third quarter of this year. The number of tenancies registered with the Registered Tenancies Board, RTB, was 313,000 in 2017 and 246,000 in...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: I believe that issue has already been addressed.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: It is being looked at but we understand big chunks of that reconciliation. I put a number of them on the record earlier on. The registration of tenancies is with the RTB; it is not with the CSO. Many people who are in the rent-a-room scheme, or are tenants of an approved housing body, AHB, and so on, will declare as such on the census form.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)
Michael McGrath: -----and they should be. That is why we have to support the work of the RTB.