Results 4,481-4,500 of 10,460 for speaker:Gerry Horkan

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

Gerry Horkan: Obviously it is in the ECB's interests that it is repaid.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

Gerry Horkan: If it was not repaid it would be a loss to the ECB rather than to the State. I have a final point on asset stripping. We heard evidence relating to GRG in particular. This GRG organisation was allegedly set up to help its customers and to bring them through the processes, but it became very difficult and businesses were lost. The group took over businesses, made them difficult to run, and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

Gerry Horkan: The contention is that the bank was definitely wrong to have sent those letters but that, equally, the customer should have picked up on that at the time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

Gerry Horkan: Mr. Butler has outlined a solution. It was the case that accountants did not comply with the law and everyone turned a blind eye.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

Gerry Horkan: We would never have been in this situation if people had stuck to the basics such as true and fair view, going concerns, and recording things at recoverable value - which is one of the four basic prudence principles in accounting that one learns on one's first day. They should have taken the hit when it was realised. If they had, we would not have had all these issues with promissory notes...

Seanad: Gaming and Lotteries (Amendment) Bill 2019: Committee Stage (29 May 2019)

Gerry Horkan: I welcome the Minister of State, Deputy Stanton, to the House. As amendment No. 1 is consequential on amendment No. 12, amendments Nos. 1 and 12 are related and may be discussed together by agreement.

Seanad: Gaming and Lotteries (Amendment) Bill 2019: Committee Stage (29 May 2019)

Gerry Horkan: We are dealing with amendments Nos. 1 and 12 at the moment.

Seanad: Gaming and Lotteries (Amendment) Bill 2019: Committee Stage (29 May 2019)

Gerry Horkan: Yes. Someone may make a brief comment when we have concluded Committee Stage, but this is not Second Stage either.

Seanad: Fire Safety in Apartment Dwellings: Statements (30 May 2019)

Gerry Horkan: I welcome the Minister for Housing, Planning and Local Government, Deputy Eoghan Murphy, back to the House.

Seanad: Fire Safety in Apartment Dwellings: Statements (30 May 2019)

Gerry Horkan: I thank the Minister. The group spokespersons have eight minutes and all other Senators have five minutes. I invite Senator Murnane O'Connor to speak. She has eight minutes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee (30 May 2019)

Gerry Horkan: Apologies have been received from the Chairman, Deputy John McGuinness. I propose now that we go into private session to consider certain committee matters. Is that agreed? Agreed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: No. 4 is pre-legislative scrutiny of the Finance (Tax Appeals) (Amendment) Bill 2019. The Bill follows a review of the Tax Appeals Commission, TAC, which was sought by the Minister for Finance. The primary purpose of the Bill is to establish the role and responsibilities of the chairperson of the commission. I am pleased to welcome Ms Deirdre Donaghy and Mr. Oliver Gilvarry from the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: While it is an important point and it is important to have a discussion on it, I am not sure it is relevant to tax appeals. As far as I can gather, the proposed legislation mainly concerns business tax and people appealing their tax rulings and so on. That is the first half of the Bill.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: I do not believe that anyone has addressed the following point. I presume that many tax appeals are made by corporate entities and businesses and so on. Equally there are individuals and sole traders whose income tax is being appealed. I am sure it must be a very stressful scenario for them as to whether they must pay an amount. How does the issue of interest and penalties play out during...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: Would there be penalties?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: Does Mr. O'Mahony know what the interest rate is?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: Is there a breakdown of how much money in the system is being appealed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: These approximately 3,650 cases are worth some €3.67 billion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: In theory, if it has this money the State may have to give it back. If it does not have it, the State is sitting on the guts of €3.67 billion, which is potentially available or not available to the State. It is a very significant amount of money given that we refer to other figures of €100 million or €200 million of fiscal space here or there. I thank Mr. O'Mahony for...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Tax Appeals) (Amendment) Bill 2019: Discussion (30 May 2019)

Gerry Horkan: Are those top ten appeals being actively and aggressively managed and investigated?