Results 4,681-4,700 of 4,717 for speaker:Martin Mansergh

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: This amendment substitutes dates in the 1893 Act. The Department of Enterprise, Trade and Innovation has no objection in principle to the amendment. However, it should be made in the context of amendments to the relevant Department of Enterprise, Trade and Innovation legislation after proper consideration. I am not able to accept the amendment to the Finance Bill, but it should be possible...

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: I am afraid that is beyond my knowledge. Naturally, a new Government will order legislation. I do not doubt there will be an opportunity in the reasonably near future to make the change.

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: Section 68 amends section 817M of the Taxes Consolidation Act 1997, which is concerned with the provision by promoters to the Revenue Commissioners of details of clients to whom certain disclosable transactions were made available for implementation. This provision forms part of the legislation governing the mandatory disclosure of certain transactions regime, which was introduced in the...

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: That is my understanding. The transaction needs to have been made. If it is merely discussed and not acted upon, the situation is different.

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: I am unable to give the background details but it is an ongoing if not an eternal battle between Revenue and governments against tax evasion and either aggressive forms of avoidance or tax evasion. The Deputy is a member of the Joint Committee on Finance and the Public Service and will be aware that a great deal of progress has been made in extending double taxation agreements, taxation...

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: Before I reply to Deputy Noonan's amendment, I need to mention some matters before the conclusion of Committee Stage. Before continuing with today's proceedings, I would be obliged if, in accordance with Standing Order 136, the Ceann Comhairle would direct the Clerk of the Dáil to make the following minor drafting correction to the text of the Bill. The correction is as follows: in...

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: I will deal with amendment No. 96 regarding the attachment of debt. Attachment is an enforcement option available to the Revenue Commissioners to recover unpaid tax, unpaid interest or unpaid penalty due by taxpayers who have ignored the normal collection approaches and notification procedures taken by Revenue. Attachment is used judiciously by Revenue in accordance with strict guidelines...

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: Section 73 formalises taxpayer confidentiality. The need for such provision arises because of the volume and comprehensiveness of personal and commercial information concerning taxpayers which Revenue acquires. At present, there is no specific tax-related provision other than the statutory declaration made by inspectors in respect of Schedule D tax and corporation tax governing...

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: This concerns payment of tax by relevant payment methods. This section provides that tax can be paid to Revenue by credit card, debit card or any other method or methods of payment which is or are approved by the Revenue Commissioners. The section enables the Revenue Commissioners to make regulations relating to these payment methods. This measure is a customer service initiative to...

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: I think so, yes.

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: Cash other than in euro?

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: Any currency that is not euro must be converted to euro prior to payment. Question put and agreed to.

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: I move amendment No. 97: In page 213, before section 76, to insert the following new section: 76.—(1) Schedule 24A to the Principal Act is amended— (a) in Part 1 by inserting the following before paragraph 1: "1A. The Double Taxation Relief (Taxes on Income) (Republic of Albania) Order 2011 (S.I. No. 16 of 2011).", (b) in Part 1 by substituting the following for paragraph 2: "2. The...

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: We had an exchange.

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: No. If the Deputy recalls I gave him a note on that.

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: I will give the House the gist of it. Hong Kong has a territorial taxation system under which foreign-sourced income including interest will not be sourced in Hong Kong. Furthermore Hong Kong does not have a withholding tax on interest payments paid to non-residents. These features of its tax system could open up possibilities of aggressive tax planning involving the Ireland-Hong Kong...

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: I did not say who would form the next Government.

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: I do follow developments.

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: The principal one with which we are working at the moment is Brazil, which is a very large economy. The Deputy will have heard of the phrase, the BRIC countries, which are major countries in the developing world. He can do the arithmetic for himself; if we have approximately 70 double taxation agreements and there are more than 200 countries in the world, we have some way to go. We...

Finance Bill 2011: Committee Stage (26 Jan 2011)

Martin Mansergh: I move amendment No. 98: In page 217, line 4, to delete "2011" and substitute "2010".