Results 4,461-4,480 of 16,285 for speaker:Peadar Tóibín

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: We have set out the broad parameters of the lack of progressiveness in the Government's USC proposals. We sought to address this again given the fact that those on the minimum wage in the State are hardest hit with regard to the challenges of rent, education costs and the different expenditures that people have. There is a necessity to move towards a living wage and we seek to ensure that...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: While amendment No. 5 has been ruled out of order, there is no doubt about the need for a self-employed tax credit and an equalisation of the tax credits a self-employed person experiences with those experienced by an employed person. That is why we took that step in our alternative budget. The problem I have is that after €100,000, a person is earning €1,900 per week and a...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: How much will it cost? How many people will it affect? I am now starting to wonder whether the Minister cycles because he has not included cycling in transportation. The reason we submitted our amendment was because we feel there is a possibility of abuse of the scheme and there is a necessity to ensure that does not occur. That is why we included an obligation for receipts and...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: I move amendment No. 12:In page 10, between lines 21 and 22, to insert the following:"(4) As regards the reimbursement of actual expenses vouched by receipts, the employer must retain such receipts, together with details of the travel and subsistence. The period of retention of records is 6 years after the end of the tax year to which the records refer.".".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: What is the expected cost to the Exchequer of this measure?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: Was the Minister lobbied by the health insurance industry to change it?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: The Minister for Health was lobbied?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: Is there any information in the Department with regard to increases of VAT and relevant contracts tax, RCT, registrations on the back of the home renovations incentive, HRI, scheme? This scheme in part was supposed to seek a regularisation of the delivery of this type of work and stop the black market from operating. It would be interesting to measure the impact in respect of that...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: I appreciate that it is impossible to get who has changed, but the Minister would see if there has been a net change in the number of RCT and VAT registrations during that period. The total number would not necessarily be moving from the black economy but it would give us an understanding if there was a particular bump outside the trend.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: What about the possibility of making enhanced provision for rural areas?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: Has the Minister consider the question of rural areas?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: The Minister is correct that a simple tax break will not be the silver bullet but changes happen because of marginal changes around the edges. A suite of changes leads to a more viable existence in rural areas. Something like this could potentially help some people to make the decision to renovate and, therefore, remain in rural Ireland.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: This section of the Bill seeks to remove the tax relief on income from the management of woodlands from the list of reliefs that are subject to restrictions. Certain forms of income that relate to forestry, such as grants and premiums, are exempt from tax at present, but there are restrictions in place which seek to limit the ability of people on high incomes and high earners to avail of...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: I mentioned that tax reliefs are a distortion of the income base, but I also said that there are circumstances in which they can be used for the common good. There is no doubt that this proposal would have a marginal effect on the rural economy. I would make the point that having roads on which people can drive would also have an effect on the rural economy. There are roads in north-west...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: The Minister has said that there will be no appreciable change in income. Tax changes are designed to change behaviour. I imagine the Government will use this measure as part of its efforts to seek more investment in forestry in this State. If that is to happen, and if the seven individuals mentioned by the Minister are to participate in this activity, there has to be a net income benefit...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: I move amendment No. 16:In page 12, between lines 27 and 28, to insert the following:"14. The Minister shall, within one month of the passing of this Act, prepare and lay before Dáil Éireann a report on options on introducing a third rate of tax payable at 47 per cent on income over €100,000.". This amendment fits into the general thrust of Sinn Féin's amendments, in...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: It always strikes me when we have these types of debates with the Government, the Government will say that if it were to introduce a higher marginal rate of tax people could possibly leave. One third of a million people left in the past six years as a direct result of the policies delivered. One in six Irish people lives abroad; one in four is between the ages of 20 and 30. Even though...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: I am glad the Minister has batteries in his crystal ball and can see into the future so well.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: The Minister has developed a straw man argument. He is arguing against something we are not even proposing. That shows maybe it is easier to do that than to argue our proposals. Not to get back into the property tax, but there was a rupture between people's ability to pay tax and the value of their homes with the crash. That rupture between the value of a home and a person's income and...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Peadar Tóibín: People disagree with my analysis of how that should be paid for.