Results 37,301-37,320 of 40,550 for speaker:Joan Burton
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: The Minister referred to the Minister of State, Deputy Michael D'Arcy, who took over from him yesterday. He promised, if requested, to give us a technical note on the parallel issue of Irish real estate funds, IREFs, which were debated yesterday. I am requesting that the technical note be provided.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: I move amendment No. 47: In page 39, between lines 7 and 8, to insert the following: “Report on minimum effective rate of corporation tax. 22. The Minister shall within one month from the passing of this Act prepare and lay before Dáil Éireann a report on the merits of a minimum effective rate of corporation tax, along the lines of the minimum effective rate of income...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: I am sure that the Minister knows that the premise on which that particular 2014 report was produced is not appropriate to the dilemma now faced by this country on this matter. We have already had a number of examples in this debate of prominent companies and structures of one kind or another which have had the happy result for their owners of being able to avoid paying practically any...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: I used it in reference to our reputation.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: Our reputation-----
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: Yes, in terms of reputation.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: I wish to reply.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: In the Revenue documentation that was given to the Committee on Budgetary Oversight where the Revenue did point to the fact that of the €46 billion increase in profits in the tax returns was the primary factor underlying the increase of €2.2 billion in corporation tax. That is the stand-out fact in relation to the story of Irish corporation tax in recent years. The country has...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: In regard to the point made by Deputy Michael McGrath about how one deals with minimum effective tax rates, I do not think one has to worry in the sense that one can pick a figure at which that begins to operate. The discussion earlier was in relation to the banks and their very significant profits running into the hundreds of millions, and probably into billions in the next year or two. It...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: Yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: I strongly support the two amendments tabled by Deputy Michael McGrath which are reasonable, contained and confined. Unless Revenue or the Department can show otherwise, I do not believe the amendments would constitute a mechanism that would facilitate the widespread abuse of the scheme. As the Chairman said, in terms of their quality of life and access to the ordinary activities of life...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: I wish to comment on amendment No. 69, the proposal to have a risk assessment of the sustainability of stamp duty receipts. At the beginning of the debate on the Finance Bill I said I was shocked that this increase in stamp duty was leaked. It was leaked very comprehensively in all of the main national newspapers, particularly on the weekend before the budget, in a way...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: It was published in the newspapers. Time will tell when we see it.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: My final point is this. I am sure that Deputy Peter Burke and a number of other members, Deputy Michael McGrath for instance, know that there are perfectly easy ways of avoiding this situation, firstly by selling a company's underlying shares - an option unavailable, incidentally, to the kind of small family farm holding that Deputy Fitzmaurice mentioned - or secondly through various devices...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: Not that it would be.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: The Minister of State is supposed to be part of an experienced Government and it should be organising the budget-----
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: -----business in a way that the traditional confidentiality-----
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: -----and secrecy about budget matters is maintained.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: That is all I am asking for as a standard.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)
Joan Burton: May I just reiterate my position briefly?