Results 4,981-5,000 of 16,492 for speaker:Ciarán Lynch

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: I am asking if there is a written report. A total of 13 meetings have taken place and I want to know if a written report on each of those meetings has been provided to the Taoiseach's office.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: I know officials are in attendance. To date, 13 meetings have been held by a group which informs taxation policy in this country. Let us park the value judgment on whether a financial transaction tax is an appropriate taxation measure and simply deal with the question of whether the meetings are recorded. Is a report provided to the parent office, namely, the Taoiseach's office, on those...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: Mr. Fraser has already explained that to me.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: Okay, so-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: I accept all of that, but the Government is facilitating a series of meetings. The attendees are not meeting independently but as part of a structure. If the officials are not line-managed into the Taoiseach's office, I am assuming, from Mr. Fraser's response, that they are line-managed into the Department of Finance. That being the case, is there a written report to Government, either to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: I ask Mr. Fraser to do that and revert to this committee on the matter.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: I will allow Deputy Humphreys back in later but we must move on. I ask Mr. Fraser to clarify something. In the briefing document supplied to the committee today on the IFSC Clearing House Group, paragraph 4 states that industry members of the Clearing House Group are appointed by an agreed nominating process which is co-ordinated between the Department and the IFSC. I ask Mr. Fraser to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: That brings us back to Deputy Humphrey's initial question. If the appointment process involves the Department of the Taoiseach, the reporting mechanism should be back to that Department. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: My point is that we inherited the appointment of public interest directors to the boards of the banks without a mechanism for reporting back to the Oireachtas being put in place. In a similar way in this instance the Office of the Taoiseach is making an appointment without having in place a mechanism for the person to report back to the Office of the Taoiseach. Is that what Mr. Fraser is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: I assume there are minutes of each and every one of these meeting, regardless of whom the secretariat is providing and those minutes are, we are unsure this afternoon, going to the Departments of the Taoiseach or Finance and Public Expenditure and Reform. Are we sure that minutes from these meetings are going to a Department?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: I am not asking Mr. Fraser whether officials attend, because we are back to the point of earlier discussion. Is there a report of these meetings going to a Department?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: Will Mr. Fraser come back to us in due course?:

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: I might reframe the very interesting question raised by Deputy Liam Twomey. I will ask the same question in a different context on foot of Mr. Fraser's reply. What is his response to the suggestion that the current dynamic has no regard to the actual effective corporation tax rate in Ireland? I refer to what is happening globally, what we are hearing from America and what we have heard in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: Our corporation tax rate is not the issue, but it is being confused with the current debate on the way in which international transactions are conducted. The United States has failed to keep abreast of international taxation law and has not addressed intellectual copyright taxes in its jurisdiction. Some of those who have been complaining in the US Senate belong to a political party which...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: The Deputy is correct that there is a triangle in this room and I am at the top if it. Members must speak through the Chair.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: I will draw proceedings to a close at 4 p.m. as I am due to chair another meeting at 4.30 p.m.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: I must ask you to temper your language because you are making a judgment with regard to the morality of meetings. You can ask freely with regard to decision-making processes and so on but I must ask you to temper your language. Standing Orders have a particular reference in this regard. You are casting aspersions on people who are not before the committee this afternoon.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: Then re-contextualise what you are saying, Deputy.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: If you want Mr. Fraser to respond, stop talking.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: Stop talking if you want a response.