Results 4,501-4,520 of 16,285 for speaker:Peadar Tóibín

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: I move amendment No. 61In page 56, line 6, after “year.” to insert “Revenue shall then make this country-by-country report available to the public on their website.”. We welcome the move towards country-by-country reporting and it leads to an increased level of transparency. However, it is missing public transparency. It is very interesting that the public still...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: I thank the Minister of State. He has given a dispassionate analysis of the situation as it stands. He very cleverly did not give me any opinion whatsoever with regard to whether he thinks it is right that there should be transparent public knowledge and country-by-country reporting. Does he think it is right that people are kept in the dark with regard to their expenditure and the tax...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: The Minister of State is on the fence.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: The Minister of State has given me an apolitical answer.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: No, because I do not know where he stands on the issue. He told me he will wait for an impact assessment. He told me he is not sure of his views on whether there should be public transparency with regard to country-by-country reporting. Did the Government play any role in negotiating for publicly transparent country-by-country reporting?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: The Minister of State told me he will wait for an impact assessment. He told me he is not sure of his views on whether there should be public transparency with regard to country-by-country reporting. Did the Government play any role in negotiating for publicly transparent country-by-country reporting?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: I still do not know where the Minister of State stands on the issue.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: That is why we are here.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: This section concerns anti-abuse clauses, in that the system cannot be abused if the arrangements are not genuine. This is welcome, but will the Minister of State detail the number of cases involving, as well as the revenue lost to date as a result of, tax arrangements that were not genuine? We are tightening regulations, which is welcome, but it is obviously in response to Revenue's...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: Is the Minister of State confident that there has been no experience of individual non-genuine cases?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: Okay.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: I move amendment No. 62:In page 59, between lines 28 and 29, to insert the following:"33. The Minister shall, within nine months from the passing of this Act, prepare and lay before Dáil Éireann a report the effective rates of corporation tax paid by companies in the State.". This relates to our discussion on public country-by-country reporting. The basis of many of these changes...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: In Sinn Féin's alternative budget we allowed for the differentiation between active and passive investment. That is important, because lumping both together does not make sense. Active investment, where investment is being made to improve the functionality and health of a business, will have outcomes for the State in that it will make the business more competitive and, hopefully, lead...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: I have a brief question. Any tightening of regulations in regard to anti-avoidance is good. Have any cases arisen to date of tax avoidance within this loophole and has the incidence of this being measured?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: Is there a potential cost to the Exchequer as a result of this anti-avoidance measure being weakened and has any revenue been raised from this measure in the past few years?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: I move amendment No. 67:In page 78, between lines 34 and 35, to insert the following:"57.The Minister shall, within one month of the passing of this Act, prepare and lay before Dáil Éireann a report on options available for the introduction of a rate of 3 per cent betting duty for online and in-shop bets to be paid by the customer.". I welcome the decision to bring online betting...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: I move amendment No. 74:In page 81, between lines 19 and 20, to insert the following:“66.The Minister shall, within nine months from the passing of this Act, prepare and lay before Dáil Éireann a report on options available for the introduction of a comprehensive asset tax otherwise known as a wealth tax, the report shall include options for the collation of data necessary...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: We can try to "out-data" each other here all day.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: If one goes to the CSO's household finance and consumption survey report-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Peadar Tóibín: Even if one was to go on the CSO data from the household and finance consumption survey, it indicates that the top 20% of income earners hold 40% of the wealth. That is equivalent to the bottom 20% of the income distribution. Even even on those figures, wealth distribution is grossly lopsided.