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Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Protected Disclosures Bill 2013: Committee Stage (14 May 2014)

Liam Twomey: Does the Deputy have a problem with amendment No. 29?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Protected Disclosures Bill 2013: Committee Stage (14 May 2014)

Liam Twomey: I thank the Minister and his officials for attending.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Message to Dáil (14 May 2014)

Liam Twomey: In accordance with Standing Order 87, the following message will be sent to the Dáil: The Select Sub-Committee on Public Expenditure and Reform has completed its consideration of the Protected Disclosures Bill 2013 and has made amendments thereto.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: In recent years, I have attended meetings of the OECD in Paris on global taxation issues. One can see a lot of finger-pointing over there and we are often at the receiving end. However, the leadership of the OECD makes it quite clear that we are very transparent in regard to how we deal with our taxation matters. Other countries have often been picked by the OECD chairmen when they are...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: That is because it is easy to give its reputation a severe battering.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: The Wall Street Journalwould have its own agenda also.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: On the international scene, much of the debate appears to focus on what happens in Ireland and Holland, but perhaps I am wrong. Why is there not as great a desire to rein in the tax havens? There are trillions of euro on account in what are described as "tax havens". They are called "tax havens" as our taxation commissioners and the revenue services of other countries cannot gain access to...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: That does not apply to territories like the Cayman Islands or Barbados. Do they have that same agreement with most other countries?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: Some countries like the United Kingdom and the United States were critical of our position. They would almost have jurisdiction over some of these islands. Did they seek the same information about which we are talking?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: I presume Mr. Keegan is referring to the UK in that instance.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: Did the UK parliamentary committee hearings on taxation make any significant recommendations?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: If we took a unilateral approach to taxation policy, would that damage our ability to attract foreign direct investment?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: Would it have a significant effect on the Irish Financial Services Centre, IFSC, if we decided to go offside on how international accounting rules are operated?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: On the brass plate issue and the IFSC, is it correct that the same operations occur in Luxembourg and London on a much larger scale?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: Is it exactly the same that happens in the UK and Luxembourg?

Joint Oireachtas Committee on Health and Children: Help us to Help More Campaign: Irish Medical Organisation (27 May 2014)

Liam Twomey: I was at a meeting on global taxation when I overheard some of the discussion. The primary care reimbursement service is not working as it should work. Senator Colm Burke indicated he had received figures from the PCRS, while Dr. Walley and Dr. Duffy stated they are seeing a reduction in the number of people with medical cards. There has been a significant reduction in the number of people...

Joint Oireachtas Committee on Health and Children: Help us to Help More Campaign: Irish Medical Organisation (27 May 2014)

Liam Twomey: Comments have been made to the PCRS for some time. If the committee wishes to get involved in this issue, it should take a more robust approach. For example, members should visit the PCRS office regularly to ask why issues are not being addressed. I have been dealing with the primary care reimbursement scheme since it was established. The medical card process has become more chaotic for...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)

Liam Twomey: Essentially, all we are doing is regulating international funds in Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)

Liam Twomey: It is in the context of the European model. Mr. Carrigan noted that in the US 80% of the funding is used for government bonds.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)

Liam Twomey: How do the bonds operate differently between Europe and America? These markets seem to provide only 11% of government funding in Europe. Are they operating something similar on both sides of the Atlantic?

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