Results 2,601-2,620 of 2,965 for speaker:Robert Dowds

Public Accounts Committee: Business of Committee (2 Jul 2015)

Robert Dowds: It gave an assurance that it paid the tax due in this country.

Public Accounts Committee: Business of Committee (2 Jul 2015)

Robert Dowds: Do we know how long the Garda investigation will take?

Public Accounts Committee: Business of Committee (2 Jul 2015)

Robert Dowds: I presume there will be another delay if court cases arise.

Public Accounts Committee: Business of Committee (2 Jul 2015)

Robert Dowds: If the courts deal with it then it has been dealt with.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners (2 Jul 2015)

Robert Dowds: I thank Mr. Cody and his team for coming in. Deputy Costello has taken some of my thunder because my questions were going to be in the same direction. I will start with a couple of aspects of the property tax. Obviously I got complaints, as anyone being asked to pay a new tax does not really want to pay it, but, in general, it seems to have come into operation quite smoothly. One area on...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners (2 Jul 2015)

Robert Dowds: Did that money or a proportion of it not go to the Revenue in the end or did it all go to local authorities?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners (2 Jul 2015)

Robert Dowds: Okay. Will Mr. Cody talk me through the situation regarding local authority houses and property tax? I know it was the job of the county councils to collect it but presumably a proportion of it went to the Revenue after it was collected. Can Mr. Cody say anything about whether the councils actually collected the money or did they just pay it out of their own resources? It was a source of...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners (2 Jul 2015)

Robert Dowds: Does Mr. Cody, therefore, not have any sense of whether some local authorities are putting in an extra charge in the rent?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners (2 Jul 2015)

Robert Dowds: It would be a considerable drain on their resources if they are not imposing any kind of charge although I appreciate, at €90 a year, it is not a huge amount, if one thinks of it on a weekly basis. Deputy Costello raised issues about illicit fuel and tobacco and so on. I appreciate that it is primarily Government and political parties which make policy. The Revenue Commissioners...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners (2 Jul 2015)

Robert Dowds: I have a question about corporation tax. It is well known that the rate is 12.5% and so on. In terms of the collection of corporation tax, to what extent do companies pay at the full rate of 12.5%? To what extent do some companies manage to pay almost none? What average is paid by companies in terms of corporation tax?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners (2 Jul 2015)

Robert Dowds: I wish to clarify that so that I understand it. On average, companies pay approximately 10.1%. Is that correct?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners (2 Jul 2015)

Robert Dowds: It is because of capital investment and so on.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners (2 Jul 2015)

Robert Dowds: I do not know whether I am allowed mention an individual company, but there were one or two cases where it has been alleged that major multinational corporations are paying almost nothing in Ireland. Are there such cases?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners (2 Jul 2015)

Robert Dowds: That amounts to approximately 60% of the total. Is that correct?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners (2 Jul 2015)

Robert Dowds: I accept that, but are there certain major corporations that have managed to pretty well avoid paying significant corporation tax?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners (2 Jul 2015)

Robert Dowds: If, for example, a company does its research elsewhere and does the production here, would it get an exemption on the investment in research and so on because the work is being done elsewhere?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners (2 Jul 2015)

Robert Dowds: Does that reduce their liability to corporation tax?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners (2 Jul 2015)

Robert Dowds: There are obviously international discussions on how best to nail some of these new technology companies so that they will at least pay reasonable levels of tax in some jurisdiction. Is that a reasonable summary of what Mr. Cody is saying?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners (2 Jul 2015)

Robert Dowds: Have the changes made in recent budgets satisfied some of the countries making those complaints? They have probably led to the payment of tax in those countries rather than in ours.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners (2 Jul 2015)

Robert Dowds: Does Mr. Cody expect those discussions at OECD and EU level to yield beneficial results for us and for other countries and how long is that likely to take?