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

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: Some maintain this would decimate our revenue in respect of the corporation tax take of €7 billion or €7.5 billion. If one considers the sales element for the aforementioned 50 companies, it is obvious that most of the sales are not being made in Ireland. Significantly, the multinational companies are in Ireland to be part of the EU. In some cases they are selling outside the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: Sorry to cut across you but those assets are not part of the definition of assets. Only fixed assets are in question. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: It includes property, plant, equipment, vehicles and so on. That would be a small component of the balance sheets of many large companies, presumably.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: No other members have indicated they wish to contribute. I thank all of our witnesses, Mr. Ronan Hession, Ms Kate Levey, Ms Yvonne Quirke and Mr. Brendan Crowley for their attendance and for the opening statements.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: We will continue to scrutinise the following EU proposals on a corporate tax reform package, including the common consolidated corporate tax base: COM (2016) 683; COM (2016) 685; COM (2016) 686; and COM (2016) 687. The witnesses from the European Commission are Mr. Bert Zuijdendorp, head of company taxation initiatives unit; Mr. Uwe Ihli, taxation and customs unit; and Mr. Tim Hayes. I...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: I will have to stop the Deputy after this response because I want to allow the other members in and we are very pushed for time. I ask the witness to be as brief as possible in his response. I will then invite Senator Burke in.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: Senator Paddy Burke is next. I remind all members to stick to five minutes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: Would Mr. Zuijdendorp like to respond?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: That is why I am offering Mr. Zuijdendorp the chance to respond.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: I remind everybody that we are short of time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: I do not have time to quiz Mr. Zuijdendorp but I concur with almost all the speakers who all have expressed serious reservations, from an Irish perspective, about the proposals in their current form. As they require unanimity, they will require a great deal of change but I am not sure if that is possible. I can see many people in this room at least being willing to sign up to them. I thank...

Seanad: Finance Bill 2016: Committee Stage (7 Dec 2016)

Gerry Horkan: I move recommendation No. 1:In page 22, between lines 42 and 43, to insert the following:"(26) The Minister shall, within three months of the passing of this Act, prepare and lay before the Oireachtas a report on the effectiveness of the Activate Capital development finance for residential redevelopment schemes under the Ireland Strategic Investment Fund and set out the options for a...

Seanad: Finance Bill 2016: Committee Stage (7 Dec 2016)

Gerry Horkan: Yes, and I accept the Minister of State's bona fides. I will be happy to withdraw it.

Seanad: Finance Bill 2016: Committee Stage (7 Dec 2016)

Gerry Horkan: Yes, I have done so after accepting the Minister of State's comments.

Seanad: Finance Bill 2016: Committee Stage (7 Dec 2016)

Gerry Horkan: I move recommendation No. 2:In page 38, between lines 5 and 6, to insert the following:"(3) The Minister shall, within three months of the passing of this Act, prepare and lay before the Oireachtas a report on application of tax liabilities on an individual within a farm partnership deemed under tax law to have ceased farming.". This recommendation calls on the Minister for Finance to...

Seanad: Finance Bill 2016: Committee Stage (7 Dec 2016)

Gerry Horkan: I am more than interested in horticulture, but I am not an expert on farm partnerships. I will give an example to explain where this amendment is coming from. If there is a farm partnership between a son and his retired father who remains in the partnership, the father will be taxed as if he were a farmer even though he has ceased farming. I would appreciate it if the Minister of State and...

Seanad: Finance Bill 2016: Committee Stage (7 Dec 2016)

Gerry Horkan: No, I accept the Minister of State's response.

Seanad: Finance Bill 2016: Committee Stage (7 Dec 2016)

Gerry Horkan: I move recommendation No. 3:In page 40, between lines 3 and 4, to insert the following:"(3) The Minister shall, within three months of the passing of this Act, prepare and lay before the Oireachtas a report on the breaking of the link between the rate of DIRT and the rate of exit tax from life assurance policies, including the impact of this on life assurance savers.". This is another...

Seanad: Finance Bill 2016: Committee Stage (7 Dec 2016)

Gerry Horkan: No, I am happy to accept the Minister of State's response.

Seanad: Finance Bill 2016: Committee Stage (7 Dec 2016)

Gerry Horkan: Is it the one in respect of VAT?