Results 2,681-2,700 of 12,318 for speaker:Paul Murphy
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Paul Murphy: Did they ask that if this was to be removed, they should be given-----
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: I wish to make an additional point. I accept the logic of companies being able to bring losses forward for the reason outlined by the Minister. He suggested that it does not take place over one year, etc. However, the Minister seems to be studiously avoiding the point that in this case these were not the banks' losses, but public losses. The public paid for these first time around. By...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: Last year, the Government acknowledged, after section 110 had been consciously created, that it caused a problem. The Government was supposedly shutting down a major tax avoidance measure, but at the same time keeping this loophole open. At the time the Government estimated in the budget that the shutting down of this so-called loophole in section 110 would raise an additional €50...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: I move amendment No. 51: In page 42, after line 36, to insert the following: "CHAPTER 7 Financial Transaction Tax30. The Minister shall, within 6 months of the passing of this Act, bring a report on the potential additional income that would be raised by imposing a financial transaction tax.". This is a proposal for a report on the potential additional income that would be raised from...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: Yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: Is that the Minister's full answer? I am just getting the figures here now.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: I did not say, "no jobs". The point is that the IFSC, like the City of London, functions as a tax haven for international finance. If one looks at the almost €2 trillion in assets that exist there compared with the number of jobs, the gap is enormous. The average productivity of those working in the IFSC is some incredible figure that is wildly out of whack with productivity in...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: The Government's rationale for not going for an FTT is revealing, as it is a reference to Brexit. There is the possibility that the Brexit we see will be, as Mr. Jeremy Corbyn deemed it, a bargain basement Brexit, with Britain attempting a further race to the bottom in terms of tax of corporations and financial transactions etc. in the City of London. The idea is that this is a particularly...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: I move amendment No. 52: In page 42, after line 36, to insert the following: “CHAPTER 7 Landlords’ Tax 30. The Minister shall, within 6 months of the passing of this Act, bring a report on abolishing the Local Property Tax and replacing it with a Landlords’ Tax of €600 per annum on a second home and €1,000 per annum on a third and all subsequent...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: Yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: I move amendment No. 53: In page 42, after line 36, to insert the following: “CHAPTER 7 Millionaires’ Tax30. (1) The Minister shall, within 6 months of the passing of this Act, bring a report on additional revenue that would be raised by introducing a Millionaires’ Tax of 2 per cent on net wealth exceeding €1 million. (2) The Minister shall, within 6 months of...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: Obviously the Government's response does not surprise me. To pick up on a couple of points, the idea that being unable to value assets is a major obstacle to a wealth tax does not seem to be credible because there are wealth taxes in other countries, for example France. They are not at the level we are proposing but they exist, they operate and people pay them. Any difficulties in the...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: Yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: I would like to have a discussion on one of the sections that deals with the sugar tax. Section 30 and subsequent sections deal with the sugar tax, which I would like to discuss further.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: Yes. I am not in favour of this so-called sugar tax and am not convinced by the arguments for it at all. We tabled an amendment that was ruled out of order and which we may resubmit on Report Stage. That amendment sought a report on the impact of the tax after its implementation and an assessment of how regressive it is as a tax. There has been debate and some research on so-called sugar...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: Has the Department conducted a study on the impact the tax will have on different income groups who it would hit particularly hard? I have read the arguments put forward. One of the purposes of the tax is to encourage people to switch from drinking full sugar soft drinks to other drinks be they diet drinks or other types of drinks. I hope people would choose water as it is the best...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: What about artificial sweeteners?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: Can we vote on section 30?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: What section are we currently discussing?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Paul Murphy: Let me pick which section is best to vote on. Can we vote on section 31?