Results 4,461-4,480 of 6,295 for speaker:Michael D'Arcy

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: I am not blowing any smoke at all. Not a bit.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: l will indeed.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: Just-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: I want to respond.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: Will the Chairman allow me to respond first? I ask for us to alter this on Report Stage. I am very happy to do the analysis and get the information when it is available. I am happy to present before the finance committee again when we have the CSO data in March 2018 and have the analysis done in line with what the Deputy is asking. The matter could then be concluded based on the correct...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: I will not accept the amendment. I ask the Deputy-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: We will not have the IREF data until May or June 2018.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: I am trying to be helpful. I would like to do it as soon as we have the data available to us. I gave a commitment that the moment we have the data available we will have it assessed and will present it before the finance committee.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: They have said they will do the best they can to make sure that the information that is made available to them will be presented to the committee.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: Revenue does not know but we will endeavour to find out. They will be able to find out.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: I am told they are by the Department of Finance.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: I do not have the answer. We do not have the answer here but we will get the Deputy the answer.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: The 85% has to be paid out. We have tax treaties. While 8% is paid here, other amounts are paid when they receive their dividend in other jurisdictions. The Deputy is not calculating those.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: Two weeks ago, the committee dealt with the latest tax treaty with Kazakhstan. There are international tax treaties between Ireland and 74 countries.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: I do not have that figure but I will accept it from the Deputy.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: I do not have an answer to the Deputy's question. He is throwing accounts at me which I have not seen. I accept the figures he has presented. We will ask the tax strategy group to review and analyse them. Information will be facilitated by the Department and Revenue. If what the Deputy has presented is unreasonable or unfair, the tax strategy group can present ways in which we can level...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: The strategy group will analyse where the structures are, how they are taxed and the options available to the Government and the Oireachtas to deal with them. However, I do not want to prejudge what comes back to us. Many figures were thrown out and many statements were made. We can take the opportunity to get the tax strategy group to do an analysis, in conjunction with the Department and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Michael D'Arcy: I am happy to facilitate this and pull it together with the Department and Revenue to ensure a good scope. We will cover all the issues we have discussed.