Results 3,641-3,660 of 4,810 for speaker:Liam Twomey

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (Resumed) (12 Sep 2013)

Liam Twomey: Based on what I have heard from the representatives of the many organisations who have appeared before the committee yesterday and today, there appears to be a sense that we are all living in silos with our own concerns. Politically speaking, there is a bit of that in that we all seem to have our own viewpoint. Deputy Boyd Barrett spoke about austerity. I believe we have come a long way in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (Resumed) (12 Sep 2013)

Liam Twomey: The Deputy should have been here when he was the Minister for Finance. I think there may be a little more realism now. I ask that when addressing the committee the witnesses be as robust as possible with us, not just about their own organisations but about others too because we have a long way to travel in this country before we get this right. If anybody has any concluding remarks to make...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (Resumed) (12 Sep 2013)

Liam Twomey: I will pass those comments on to the Ministers.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (Resumed) (12 Sep 2013)

Liam Twomey: We will take that on board. I thank Dr. Rigney, Dr. Healy, Ms O'Brien, Mr. Stewart, Mr. Doorley and Ms Irwin for their submissions and discussions here today. It has been informative and useful for us. I hope we can build on some of the points they made and that it can genuinely add to what we are doing in this committee. I certainly found it informative and there will be some points I...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (Resumed) (12 Sep 2013)

Liam Twomey: I welcome Mr. John Dolan from the Disability Federation of Ireland, DFI; Mr. Pat McCormack and Mr. John Enright from the Irish Creamery Milk Suppliers Association, ICMSA; and Ms Yvonne Woods and Ms Yvonne O'Sullivan from Free Legal Advice Centres Limited, FLAC. Submissions received by the committee and a summary paper were circulated to members in advance of the meeting. The format of the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of 2014 Pre-Budget Submissions: Discussion (Resumed) (12 Sep 2013)

Liam Twomey: We will have ten-minute slots for discussion with time for supplementary questions at the end.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Liam Twomey: The subject of this meeting is a review of global taxation and architecture in the context of base erosion and profit sharing. I welcome Professor Frank Barry, professor of international business and development at Trinity College Dublin. Professor Barry will make some opening remarks which will be followed by a question-and-answer session. I remind members, witnesses and those in the...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Liam Twomey: No conspiracy theories now, Deputy.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Liam Twomey: I thank Professor Barry. Before I move to other members, I will ask some quick questions. What I gather from Professor Barry is that this is a tax avoidance issue that dates back to 1997 and the check-the-box issue from the US. To deal with any problems the corporations had with this, they managed to persuade Congress to push legislation through, creating the look-through rule which...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Liam Twomey: Professor Barry said that what goes on in the Caribbean suits some of the American corporations. He might give us a very short note on that. What is more interesting is the recent OECD report on base erosion and profit shifting. Can Professor Barry give me an idea why the EU is coming to talk to us when it is bypassing the City of London and Washington? There is a sense that it is the...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Liam Twomey: Yes.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Liam Twomey: Professor Barry said American corporations do not want to highlight too much about the Caribbean because it suits both the politicians and the corporations in America. Is that correct?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Liam Twomey: We must move on to the next speaker. I call Deputy Dara Murphy.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Liam Twomey: Our work relates to-----

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Liam Twomey: -----carrying out a review of global taxation architecture in the context of base erosion and profit sharing.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Liam Twomey: I just wanted to inform the Deputy.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Liam Twomey: Is that the Deputy's final comment?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Liam Twomey: I will bring in Deputy Donnelly.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Liam Twomey: I have a few questions for Professor Barry. What are we gleaning from taxpayers and shareholders in America? Over the years, people have been starting to realise that the figures we are talking about are in billions. As Professor Barry said, there were a few patents around but they were not that valuable. In the grand policy scheme, the State Department saw this as an opportunity for...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Liam Twomey: It is a very international way of doing things. A general amnesty could move a huge amount of this money back into America. It could give a lower effective tax rate on it. It could provide a stimulus for the US Government, while at the same time getting them over many of the problems they are currently discussing.