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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: We are fourth or fifth in the world.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: Apparently, we buy more from the UK than Brazil, India and China combined. There are many reasons for this. We are the UK's closest neighbour, we use the same language for labelling, and we probably have similar cultural tastes in various areas like biscuits, chocolate and all kinds of spices. Equally, we are at the end of the supply chains of companies such as Tesco, Lidl and Aldi that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: No, I captured that. Equally, many companies are importing to re-export.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: We have had discussions on the fact that we make a lot of bread, but most of our flour comes from the UK. We have not had such a discussion today.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: When I was growing up, I watched the famous Jacob's advertisement about how to get the figs into the fig rolls. I never thought I would end up discussing it at an Oireachtas committee meeting. Now I am in the Chair discussing the complicated process of making fig rolls in the context of Brexit. The UK has made a big fuss about its intention to cut its corporation tax rate to bring in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: I get that, within the EU, a company will look at the corporation tax. If Malta, Poland or Portugal wants to go to a rate lower than Ireland, that is one issue but the big attraction is the Single Market and the customs union. I thank Dr. Lawless for clarifying that in her opening statement, as many people are not that sure about the difference between the Single Market and the customs...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: I am sure being in the eurozone is also a major factor.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: The UK has never acknowledged the usefulness of the European Court of Justice.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Gerry Horkan: That is an important point. People might be fearful that companies might leave Ireland to go to the UK because of corporation tax. However, I have always felt that market access, the Single market and the customs union are very important. That means that we must be competitive with the other 26 remaining countries in our general performance and competitiveness. Brexit is a very fluid....

Seanad: Finance (Tax Appeals and Prospectus Regulation) Bill 2019: Committee and Remaining Stages (3 Dec 2019)

Gerry Horkan: I welcome the Minister of State, Deputy D'Arcy, back to the House.

Seanad: Finance (Tax Appeals and Prospectus Regulation) Bill 2019: Committee and Remaining Stages (3 Dec 2019)

Gerry Horkan: The Senator may not be indulged but I might let him say something when we are finished. This is the Finance (Tax Appeals and Prospectus Regulation) Bill 2019.

Seanad: Finance (Tax Appeals and Prospectus Regulation) Bill 2019: Committee and Remaining Stages (3 Dec 2019)

Gerry Horkan: It is good that the Senator is now with us in both body and spirit. I thank him very much.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Gerry Horkan: The Senators will have an opportunity to speak again.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Gerry Horkan: Before calling Senators Conway-Walsh and Higgins I wish to point out that at least four sections of the Bill are opposed and there are 22 amendments, but we have not yet reached amendment No. 1. It is a very useful debate that has lasted 25 minutes, but if we do this on all the amendments we will be here until 1 a.m. tomorrow.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Gerry Horkan: I will let you back in, Senator. Members should try not to be repetitive. I am not saying anybody was, just that they should try not to be repetitive.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Gerry Horkan: I accept-----

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Gerry Horkan: It is actually what the Senator said.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Gerry Horkan: It is what you said. You may not have meant it but I will let you come back in to clarify what you said.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Gerry Horkan: Let the Minister of State respond.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Gerry Horkan: Let us stick to section 9, if we can, on every side.

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