Results 4,981-5,000 of 9,312 for speaker:Jim O'Callaghan

Written Answers — Department of Health: Ukraine War (14 Jun 2022)

Jim O'Callaghan: 1693. To ask the Minister for Health if his Department is in full compliance with the Commission Recommendation (EU) 2022/554 of 5 April 2022 on the recognition of qualifications for people fleeing Russia’s invasion of Ukraine; if he will set out a list of the professional qualifications or professions recognised under the aegis of his Department; if Ukrainian qualifications are now...

Written Answers — Department of Agriculture, Food and the Marine: Ukraine War (14 Jun 2022)

Jim O'Callaghan: 1979. To ask the Minister for Agriculture, Food and the Marine if his Department is in full compliance with the Commission Recommendation (EU) 2022/554 of 5 April 2022 on the recognition of qualifications for people fleeing Russia’s invasion of Ukraine; if he will set out a list of the professional qualifications or professions recognised under the aegis of his Department; if Ukrainian...

Written Answers — Department of Justice and Equality: An Garda Síochána (16 Jun 2022)

Jim O'Callaghan: 436. To ask the Tánaiste and Minister for Justice and Equality the number of gardaí assigned to each Garda station in the Milford Garda district as of 31 May 2022 or the latest date available; the number of vehicles assigned to each Garda station in the Milford district as of 31 May 2022 or the latest date available; and the figures for both gardaí and vehicles assigned to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Use of Section 110 by Russian Firms: Dr. Jim Stewart (1 Jun 2022)

Jim O'Callaghan: I thank Dr. Stewart for the work he did in preparing his paper and appearing before the committee this afternoon. Section 110, introduced I believe back in 1991, was originally to promote securitisation for the financial sector operating in the State. It was designed as a tax-neutral regime for securitisation transactions. Before looking at the Russian firms' use of section 110, I have a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Use of Section 110 by Russian Firms: Dr. Jim Stewart (1 Jun 2022)

Jim O'Callaghan: When Dr. Stewart says they are lower risk, does he mean that they create a bankruptcy-remote structure and because of that there is less risk involved?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Use of Section 110 by Russian Firms: Dr. Jim Stewart (1 Jun 2022)

Jim O'Callaghan: Is Dr. Stewart aware of circumstances where, for instance, the European Central Bank might require orphaning for the purpose of some of its regulatory schemes?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Use of Section 110 by Russian Firms: Dr. Jim Stewart (1 Jun 2022)

Jim O'Callaghan: I only mentioned that because the Revenue Commissioners issued a manual which, curiously, identifies valid commercial reasons for using an orphan structure. One of the points mentioned was that certain parties such as the European Central Bank may also require orphaning but Dr. Stewart is not aware of that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Use of Section 110 by Russian Firms: Dr. Jim Stewart (1 Jun 2022)

Jim O'Callaghan: Obviously, section 110 only applies to Irish resident firms. For that purpose, does Revenue look to see that there is a bona fide migration of a securitisation to Ireland and does it have to be for genuine commercial reasons?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Use of Section 110 by Russian Firms: Dr. Jim Stewart (1 Jun 2022)

Jim O'Callaghan: Is Dr. Stewart aware of any public decisions or findings by Revenue indicating that certain section 110 firms have not met the criteria and as a result, have been disqualified?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Use of Section 110 by Russian Firms: Dr. Jim Stewart (1 Jun 2022)

Jim O'Callaghan: I will move on to the assets of Russian firms and whether or not any of those assets come within the section 100 structure. Are we aware of whether or not any assets of sanctioned Russian individuals have been frozen in Ireland because those assets exist within the section 110 structure?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Use of Section 110 by Russian Firms: Dr. Jim Stewart (1 Jun 2022)

Jim O'Callaghan: If they do not have bank accounts or cash on their balance, in effect, it is very difficult to sanction or freeze anything consequently.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Use of Section 110 by Russian Firms: Dr. Jim Stewart (1 Jun 2022)

Jim O'Callaghan: There would be no shareholding because they are being held on trust. That is the orphan ownership. Is that not correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Use of Section 110 by Russian Firms: Dr. Jim Stewart (1 Jun 2022)

Jim O'Callaghan: I assume that this is an issue that would affect other jurisdictions and non-section 110 firms because very many assets can be held by Russians through beneficial ownership.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Use of Section 110 by Russian Firms: Dr. Jim Stewart (1 Jun 2022)

Jim O'Callaghan: Even if we manage to freeze sanctioned Russian assets, Dr. Stewart made a very interesting point in his paper about confiscation. Obviously confiscation is distinct from freezing. I noticed he referred to a draft directive of the European Commission. Are there rules in place dealing with the confiscation of frozen assets or is it simply that they are frozen and nothing further happens?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Use of Section 110 by Russian Firms: Dr. Jim Stewart (1 Jun 2022)

Jim O'Callaghan: It is an interesting point. To a certain extent, it shadows the system that operates here in respect of the Criminal Assets Bureau. Initially, the Criminal Assets Bureau will freeze proceeds of crime but simply because it freezes them does not mean that they are subsequently confiscated, although I think such an application can be made seven years later. Would Dr. Stewart agree with that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Use of Section 110 by Russian Firms: Dr. Jim Stewart (1 Jun 2022)

Jim O'Callaghan: I do not know if Dr. Stewart is aware of this - I only became aware of it a number of days ago - but the Parliamentary Assembly of the Council of Europe passed a resolution on 28 April 2022 stating that member states should seek to use the assets of targeted and sanctioned Russians to compensate Ukraine and its citizens for any damage caused by the Russian Federation's war of aggression. I...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Use of Section 110 by Russian Firms: Dr. Jim Stewart (1 Jun 2022)

Jim O'Callaghan: I thank Dr. Stewart for his time.

Written Answers — Department of Culture, Heritage and the Gaeltacht: Sports Funding (21 Jun 2022)

Jim O'Callaghan: 31. To ask the Minister for Culture, Heritage and the Gaeltacht if she will provide an update on her Department’s capital investment in sports projects; and if she will make a statement on the matter. [32433/22]

Written Answers — Department of Culture, Heritage and the Gaeltacht: Departmental Policies (21 Jun 2022)

Jim O'Callaghan: 63. To ask the Minister for Culture, Heritage and the Gaeltacht her Department’s strategy to support media freedom; and if she will make a statement on the matter. [32432/22]

Written Answers — Department of Finance: Fiscal Policy (21 Jun 2022)

Jim O'Callaghan: 160. To ask the Minister for Finance the impact that the recent increase in interest rates will have on the projected rise in Ireland’s debt servicing costs; and if he will make a statement on the matter. [31824/22]