Results 4,601-4,620 of 16,285 for speaker:Peadar Tóibín

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (1 Dec 2015)

Peadar Tóibín: Does the Minister still think that? There was heavy criticism of Fianna Fáil when it was in power because it narrowed the tax take and the ability to take taxes, but also spent billions of euro and built that into the spend of the State, on the basis of funds that did not show a consistent trend over the years. For example, much of the spend was based on stamp duty from the property...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (1 Dec 2015)

Peadar Tóibín: The Minister mentioned the recovery is broadly based and there is no doubt but that the recovery has seeped into more sectors. However, it seems we still have a huge imbalance in the economy. For example, some 90% of our exports are through the FDI sector. The focus is on that imbalance when we look at some of the figures coming through. I believe the Exchequer figures to be published...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (1 Dec 2015)

Peadar Tóibín: The exports are mostly being created by the FDI sector.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (1 Dec 2015)

Peadar Tóibín: We are coming at this from the point of view of the basis of corporation tax. On the ECOFIN discussions, there is a report from the ECON committee, which is preparing to finalise on the common consolidated corporate tax base, CCCTB. I understand what the Minister has said about the likelihood of the CCCTB being changed. The European Union is giving direction on this and there is a trend...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (1 Dec 2015)

Peadar Tóibín: On the particular ECOFIN report, it suggested that where countries broke the law on state aid or taxation, the repayment of that aid would be pooled into a fund to be paid out to countries whose tax base was eroded. What is the Government's view on that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (1 Dec 2015)

Peadar Tóibín: Obviously, extra documentation and information is required by the EU on the Apple case. I understood the Government's view was that all of the documentation had been made available. What else is the EU looking for and what else do we have to provide?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (1 Dec 2015)

Peadar Tóibín: It is more of a shifting of the tax base.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (1 Dec 2015)

Peadar Tóibín: The Minister said there were substantial changes in the financial transactions tax. Is it any closer to being acceptable to the Government? What effect would Brexit have on the Government's position in this regard?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (1 Dec 2015)

Peadar Tóibín: Brexit would not make any difference on this specific issue. It is a policy matter.

Written Answers — Department of Environment, Community and Local Government: Local Authority Funding (2 Dec 2015)

Peadar Tóibín: 165. To ask the Minister for Environment, Community and Local Government the Central Government funding provided to local authorities for each year between 2000 and 2015, in tabular form. [43079/15]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: Cuirim fáilte roimh na toscairí. Bhí an anailís ar fheabhas. The IFAC has done a great service to the State with its recent analysis. Having read the report and examined elements of the economy, there is an awful feeling of déjà vu. While everybody welcomes the increased Exchequer returns, three elements are manifesting themselves in the economy. One is the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: Some of the volatility in corporation tax seems to be coming from changes in accounting systems between some companies due to new corporate tax rules. Is it a likely contributor to some of the overrun, in Professor McHale's estimation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: Professor McHale's report mentioned that the Government estimates the fiscal space to be approximately €8 billion and discussed the fact that much of the fiscal space will be consumed by demographic pressures and expenditure responsibilities the State will have in the future. This means the estimate of the actual fiscal space, if current delivery stands still, is far smaller. What...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: Can it be said on that basis the tax cuts of €4 billion that have been estimated are not feasible?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: Professor McHale's report mentioned health. Everybody believes the health budget will be exceeded every year because that is the way it has been. Does Professor McHale have any understanding of what is necessary in health? What is a reasonable budget for health that would fulfil the service pressures within it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: The overheating that was a feature of the pre-crash period around 2003 manifested itself mostly in the property market, etc. Professor John McHale mentioned in his report that the output gap is shrinking and is close to being totally consumed. He suggested that overheating is likely to happen for this reason. How would that manifest itself? What tools has the Government at its disposal to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: I asked how this can be resolved if it has manifested itself.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: It seems that we are still in the middle of an extreme pro-cyclical space. In other words, we came from a very deep trough. Typically, after a very deep trough, one has a very strong bounce back. That is what is happening at the moment. Ideally, a Government should be flattening out these ends of the cycle. It seems from some of the research and the estimates that have been produced by...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: I would like to ask a supplementary question on that. Professor McHale mentioned that we could be at the edge of overheating, etc. What effect would the imposition by a Government of tax cuts of €4 billion have on that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: Obviously, expenditure cannot retreat any further.