Results 4,581-4,600 of 36,118 for speaker:Pearse Doherty
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: This section deals with the hybrid rate. Is it 30% with the donations?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: What is the view of the charitable organisations?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I did some of the numbers to see how the new rate would work out.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I move amendment No. 37: In page 48, between lines 27 and 28, to insert the following subsection:"(3) The Minister commits to examining and reviewing the Employment and Investment Incentive and Seed Capital Scheme in advance of Budget 2014, in particular with regard to its effect on employment levels and new jobs created." The incentive scheme is being expanded in the Bill. The incentive was...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I heard what the Minister has said, that the first of these schemes was put in place ten years ago but there has not been a great uptake. I also accept that the figures for 2011 are not available. I agree that if there is a Government commitment to review it then it does not need to be stated in legislation. My proposal would not delay an application for state aid approvals. I do not...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I welcome the commitment to review it at some point. The amendment was tabled in good faith to see if the scheme can assist the economy and certain sectors of the economy in a beneficial way. I note the Minister's comments on the IDA. Last year was a better year but the Minister must examine this point in respect of the Finance Bill. Just over 2.6% of IDA investment in the State last year...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I spoke on the potential dangers of this scheme on Second Stage. My understanding is that if one owns a Georgian house in Limerick that fits the criteria specified by the legislation in terms of a Georgian house and one lives in the first and second floors of the house and have a business in the basement and on the first floor one can spend substantial sums upgrading the house and get 100%...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: The Minister wants to put some jam in it.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I am not opposed to the rejuvenation of Limerick city or any other city. It is something I would welcome and encourage and it is something we have proposed in our policy document. I have listened to the Minister's rationale and I understand one can recoup 100% over a period of ten years in respect of the investment made in a Georgian building. While a person obviously would need to have...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: What about island communities? Would the Minister be willing to look at that?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: Could this scheme not apply to island communities and to people there who want to do up their houses?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: How many properties are eligible for the scheme in each of these cities?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: The issues have been spelled out well by the two previous speakers. I have also been lobbied by Ireland West Airport Knock. The airport authorities have suggested amendments to the Minister. I have not had a chance to examine the amendments in detail but I am struck by what their tax advisers have said to them regarding this section. They have advised that the section would not benefit...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I move amendment No. 41: In page 75, before section 32, to insert the following new section: "32.—The Minister shall, within three months of the passing of this Act, prepare and lay before Dáil Éireann a report on the effective rate of tax charged to businesses in this State, analyse the impact the Finance Act 2013 will have on helping businesses to lower their effective...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I thank the Minister.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I thank the Minister for that. I will withdraw the amendment. I have been banging on about this matter for quite some time and the Minister is aware that my party supports the retention of the 12.5% rate. We voted in the Dáil on a number of occasions to show our support in respect of that matter. It is interesting that the Minister referred to a conversation in which he was involved....
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: The debate on the amendment has been very good. If I was Minister for Finance, I would not start to discuss corporation tax or any other tax in the open. One must be careful in discussing any tax because if we start to do so, it will affect consumers and the way the markets operate. Whether it is putting a tax on petrol, there will be a response. However, it is welcome that the OECD...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: It makes sense to provide start-up tax reliefs. I have no problem with this, but I do have an issue with their being carried forward indefinitely. If a company availing of these tax reliefs is not able to utilise them within the period of three years, they can be carried forward indefinitely. Where a company commences operations, it can still avail of start-up relief six or seven years...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: There is an advantage to the Exchequer in putting in place a time limit because companies will pay more tax in year 7 of operation if they cannot avail of the relief after six years.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: That is what I am saying.