Results 3,781-3,800 of 49,836 for speaker:Stephen Donnelly
- Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)
Stephen Donnelly: Coming back to the ownership of QIAIFs and ICAVs, my understanding of the last-man-standing rule is that the tax liability passes to wherever the profits are realised and fully dispersed. Specifically, if there is an ICAV or QIAIF here which owns office blocks, hotels, apartment blocks or factories and that ICAV or QIAIF is in turn owned by an investment undertaking outside Ireland, will the...
- Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)
Stephen Donnelly: Will not, sorry.
- Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)
Stephen Donnelly: I could not quite hear the Minister of State so I ask him to repeat it. Did I hear correctly that if an ICAV or QIAIF is owned by an investment undertaking abroad, IREF withholding tax will not be applied?
- Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)
Stephen Donnelly: Meaning.
- Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)
Stephen Donnelly: It is where the investment undertaking is owned by a number of people.
- Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)
Stephen Donnelly: Individuals.
- Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)
Stephen Donnelly: Withholding tax will not be applied to an ICAV or QIAIF owned from abroad once that ownership is widely held. Is that correct?
- Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)
Stephen Donnelly: I will not repeat myself, but a report would be useful. Ireland is currently caught between a protectionist UK and a soon to be protectionist US. Our Exchequer returns will get hit on the SME side by Brexit and it is highly likely that our multinational corporations, MNC, Exchequer returns could be hit substantially by a protectionist America. We are taking one of the biggest asset bases...
- Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)
Stephen Donnelly: The Minister of State has said that REITs and ICAVs simply facilitate collective investment. REITs and ICAVs and the changes to QIFs were set up to make property investment tax free. They were not set up to facilitate collective investment. If one visits any legal website in Ireland or if one reads any of the hundreds of PowerPoint presentations on the issue of REITs, QIFs and ICAVs, one...
- Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)
Stephen Donnelly: There will be even fewer.
- Committee on Budgetary Oversight: Post-Budget Analysis: National Women's Council and Social Justice Ireland (30 Nov 2016)
Stephen Donnelly: I thank the witnesses for their time and submissions and for their ongoing work in their respective fields. I very much appreciate it. I will start with the National Women's Council and then move to Social Justice Ireland. I was delighted to hear the National Women's Council describe the child care work of the Minister, Deputy Zappone, as breakthrough work. I was gobsmacked at the...
- Committee on Budgetary Oversight: Post-Budget Analysis: National Women's Council and Social Justice Ireland (30 Nov 2016)
Stephen Donnelly: I have read through the submission by the National Women's Council on what it thinks is required to fix it but my question is whether Ms Ní Chaithnía has a sense of whether the gap is smaller at younger ages?
- Committee on Budgetary Oversight: Post-Budget Analysis: National Women's Council and Social Justice Ireland (30 Nov 2016)
Stephen Donnelly: It would be very useful to see because if we find that the gender pay gap is narrowing from 70s, 60s, 50s, 40s, 30s into 20s, it would suggest a positive progression. If we see that is not happening, it would be very worrying. It might be something Ms Ní Chaithnía would take a look at. If we could find that, it would be very relevant to the next budget cycle.
- Committee on Budgetary Oversight: Post-Budget Analysis: National Women's Council and Social Justice Ireland (30 Nov 2016)
Stephen Donnelly: It would be a very powerful argument to be able to say it is big, it got worse during the recession and it is not better for men and women in their 20s or 30s than men or women in their 50s and 60s. It would be very powerful to be able to see that. I have started to read through the National Women's Council universal pension idea. It is expensive; it was costed at about €700...
- Committee on Budgetary Oversight: Post-Budget Analysis: National Women's Council and Social Justice Ireland (30 Nov 2016)
Stephen Donnelly: This is a Social Justice Ireland presentation. I got the groups mixed up. That is the €700 million?
- Committee on Budgetary Oversight: Post-Budget Analysis: National Women's Council and Social Justice Ireland (30 Nov 2016)
Stephen Donnelly: Just so I understand, the figure of €140 million is not a stand-alone cost? It would be necessary to do other things.
- Committee on Budgetary Oversight: Post-Budget Analysis: National Women's Council and Social Justice Ireland (30 Nov 2016)
Stephen Donnelly: The standard rating-----
- Committee on Budgetary Oversight: Post-Budget Analysis: National Women's Council and Social Justice Ireland (30 Nov 2016)
Stephen Donnelly: But that would be an additional-----
- Committee on Budgetary Oversight: Post-Budget Analysis: National Women's Council and Social Justice Ireland (30 Nov 2016)
Stephen Donnelly: So if we take that out and just take this, I do not think one can just add that in and say, therefore, that it costs less to do on its own.
- Committee on Budgetary Oversight: Post-Budget Analysis: National Women's Council and Social Justice Ireland (30 Nov 2016)
Stephen Donnelly: How much would it cost to do on its own?