Results 5,141-5,160 of 6,295 for speaker:Michael D'Arcy

Taxation Orders 2018: Motion (3 Oct 2018)

Michael D'Arcy: I move:That Dáil Éireann approves the following Order in draft:Double Taxation Relief (Taxes on Income and Capital Gains) (Republic of Ghana) Order 2018,a copy of which was laid before Dáil Éireann on 14th September, 2018.” The motion seeks Dáil Éireann's approval for an order as part of the ratification of a double taxation agreement with Ghana. In 2012,...

Taxation Orders 2018: Motion (3 Oct 2018)

Michael D'Arcy: Questions were raised around whether tax treaties are beneficial to developing countries. Double tax agreements provide tax certainty for taxpayers and tax administrators and they reduce tax barriers to cross-border trade and investment. This ensure that the best conditions with respect to eliminating double taxation are eliminated to enable trade and investment to occur. Documents were...

Business of Dáil: Motion (4 Oct 2018)

Michael D'Arcy: I move:"That the decision on item No. 23 on the Order Paper be deferred." A Cheann Comhairle, by leave of the House, I wish to defer the decision on item No. 23 until Thursday, 18 October 2018 for the following reason: the order for the multilateral convention, which was originally laid in the Oireachtas Library on 13 September, has been re-laid in the Library today. The order was re-laid...

Financial Resolutions 2019 - Budget Statement 2019 (9 Oct 2018)

Michael D'Arcy: The Deputy should not have gone there. It is not her forte.

Financial Resolutions 2019 - Budget Statement 2019 (9 Oct 2018)

Michael D'Arcy: I do not agree.

Financial Resolution No. 2: Capital Gains Tax (9 Oct 2018)

Michael D'Arcy: I move:(1)THAT Chapter 2 of Part 20 of the Taxes Consolidation Act 1997 be amended, with effect from 10 October 2018, by substituting the following for sections 627 and 628:“Charge to exit tax 627.(1) (a) In this section and in section 628 -‘designated area’, ‘exploration or exploitation activities’ and ‘exploration or exploitation rights’...

Seanad: Budget 2019: Statements (9 Oct 2018)

Michael D'Arcy: I apologise for being late but I was detained in the Lower House. As a former Member of this House, I am very pleased to have the opportunity to contribute to the Seanad’s debate on the Budget Statement 2019, which the Minister for Finance and Public Expenditure and Reform presented to Dáil Éireann earlier today. The budgetary measures announced today are being made in the...

Seanad: Budget 2019: Statements (9 Oct 2018)

Michael D'Arcy: I thank the Senators for their contributions. I remind people that it is ten years and ten days since the introduction of the bank guarantee, the worst political decision in the history of the State.It cost €64 billion gross and, according to the former Governor of the Central Bank of Ireland, Mr. Paddy Honohan, €37 billion net. Whether we like to hear it, that is from where...

Seanad: Budget 2019: Statements (9 Oct 2018)

Michael D'Arcy: A €3 billion increase in tax is off the wall. It is Harry Potter-style economics to try to create money from the very wealthy, the 1% earning more than €140,000.

Seanad: Budget 2019: Statements (9 Oct 2018)

Michael D'Arcy: It never adds up.

Seanad: Budget 2019: Statements (9 Oct 2018)

Michael D'Arcy: It never added up previously and does not add up today. It did not add up last year. Sinn Féin's version of economics is off the wall.

Seanad: Budget 2019: Statements (9 Oct 2018)

Michael D'Arcy: Senator Kieran O'Donnell spoke about many of the areas on which we have touched. Senator Victor Boyhan suggested mortgage interest relief should not be available to landlords who did not accept HAP tenants. That is something at which we could look. I do not know if it would be possible, but I will try to find out for certain. I do not have the details of the €17 billion health...

Seanad: Budget 2019: Statements (9 Oct 2018)

Michael D'Arcy: The year-on-year increase in capital and current expenditure is €728 million, or 25%. It is a huge increase.

Seanad: Budget 2019: Statements (9 Oct 2018)

Michael D'Arcy: In capital and current expenditure.

Seanad: Budget 2019: Statements (9 Oct 2018)

Michael D'Arcy: I really have an issue. I am happy to argue with people at any stage and anywhere about the facts. However, they should not present something that is not correct. It is wrong to be presented with a figure of €80 million when the actual increase is nine times that sum. It is both misleading and dishonest.

Financial Resolutions 2019 - Financial Resolution No. 4: General (Resumed) (10 Oct 2018)

Michael D'Arcy: Yesterday's budget was ten years and ten days from the bank guarantee. For those of us who were here on that occasion, it is something we should never forget. Those were difficult times. It has been a difficult decade. I have called that period, "The lost decade," and it has been much more difficult for some than for others. It has taken a decade to balance the budget. That is how long...

Seanad: Markets in Financial Instruments Bill 2018: Second Stage (10 Oct 2018)

Michael D'Arcy: The Markets in Financial Instruments Directive II, known as MiFID II, is the cornerstone of European Union financial markets legislation, covering the regulation of investment services providers. It is changing how markets operate for the better, ensuring safer and more transparent markets across the EU. MiFID II represents a major piece of financial markets reform and is ambitious in its...

Seanad: Markets in Financial Instruments Bill 2018: Second Stage (10 Oct 2018)

Michael D'Arcy: I thank Senators for progressing the Bill in the manner in which they are doing so. I will stay with today's Bill. Senator Conway-Walsh asked several questions about other legislation. As I do not have the relevant information available to me, I do not propose to comment on the matters raised. The Bill makes it an offence to intentionally mislead the Central Bank. It is, therefore, very...

Taxation Agreement: Motion (Resumed) (18 Oct 2018)

Michael D'Arcy: I move amendment No. 2:To delete "13th September, 2018" and substitute "12th October, 2018".

Seanad: Markets in Financial Instruments Bill 2018: Committee and Remaining Stages (23 Oct 2018)

Michael D'Arcy: I thank the Senator. I note that the Central Bank can impose fines under the administrative sanctions regime. As the regulator it is allowed to do so. This legislation facilitates the criminal sanction of a penalty of €10 million, ten years in prison or both. That is what this legislation does and that is why it is so important.