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Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Mick Wallace: I welcome the Minister’s comments. I would like a period of three or five years to be enshrined in the Bill. I accept that the Minister seems to be moving in the right direction. At the same time, experience has taught us to be wary. I had a discussion today with the Minister for Transport, Tourism and Sport, Deputy Shane Ross, about the fact that every single one of the many buses...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Mick Wallace: I agree 100% that there are complications with the diesel issue and allowances must be made for certain commercial vehicles. At the same time, we must start encouraging companies to move in that direction. As I stated, I do not expect companies to throw away what they have but they must start moving in the direction of using less diesel. The impetus will probably have to come from here so...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Mick Wallace: I do not know. There is some support for it so perhaps I should press it.

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Mick Wallace: I am sorry that I missed the start of the debate. I have been interested in the help-to-buy scheme since it was announced. I was a little sceptical as to the positive effect that it would have. I have a good understanding of the industry and the mentality of all sides involved from my own experience. I remain sceptical that it is the way forward. There is no doubt that people need help,...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Mick Wallace: My amendment No. 28 was ruled out of order but it deals with the same topic. It sought to amend section 18 of the Finance Bill on Irish real estate funds and to change the date which shall apply to disposals from 1 January 2019 to 1 January 2018. The section as it currently stands provides that IREFs which dispose of assets before 1 January 2019, and where the five-year period has elapsed,...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Mick Wallace: I get the point that the Minister makes but I take a different position. I find it incredible that we have allowed this to go on for so long. I had a debate with the former Minister for Finance in this House on 16 January 2014. I said to him:The Government might view real estate investment trusts, REITs, as a quick fix measure to get rid of properties on the books of ... NAMA and the...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Mick Wallace: I move amendment No. 30:In page 30, after line 40, to insert the following: "Real Estate Investment Trust (REITS) and impact on Housing/Rental Market 19.The Minister shall, within 6 months of the passing of this Act, prepare and lay before the Oireachtas a report analysing the impact Real Estate Investment Trust (REITS) have had on rental prices, and residential and commercial property...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Mick Wallace: The Minister of State made reference to some figures showing the low percentage of residential units that are held by REITs relative to the amount of properties in the country. The point I made is that these guys have gotten hold of an incredible number of properties that have been made available to rent in Dublin city. They bought them in bulk from NAMA and from the banks. They are buying...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Mick Wallace: My amendment states: "The Minister shall, within 6 months of the passing of this Act, prepare and lay before the Oireachtas a report analysing the impact Real Estate Investment Trust (REITS) have had on rental prices, and residential and commercial property prices throughout Ireland, and particularly Dublin.” I do not think that is an unusual or unreasonable request. We make...

Written Answers — Department of Transport, Tourism and Sport: Ports Policy (22 Nov 2017)

Mick Wallace: 66. To ask the Minister for Transport, Tourism and Sport the progress that has been made to implement the recommendations of a review (details supplied); and if he will make a statement on the matter. [49353/17]

Written Answers — Department of Agriculture, Food and the Marine: Pesticide Use (22 Nov 2017)

Mick Wallace: 180. To ask the Minister for Agriculture, Food and the Marine his views on the European Commission proposal to extend the ban on neonicotinoid pesticides to non flowering crops; and if he will make a statement on the matter. [49571/17]

Written Answers — Department of Communications, Climate Action and Environment: Inland Fisheries Stocks (22 Nov 2017)

Mick Wallace: 190. To ask the Minister for Communications, Climate Action and Environment the options Inland Fisheries Ireland has considered to assist returning salmon negotiate both a privately owned tailrace and a weir on the River Slaney at Clohamon, Bunclody, County Wexford; when Inland Fisheries Ireland will take action to alleviate passage for salmon at these points; and if he will make a statement...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Mick Wallace: I too support Deputy Pearse Doherty's amendment. The majority of people do not realise how this country is run. If they knew a little bit more about what does happen and how things are done there would be much more anger. The notion that banks that were rescued because there was a banking crisis and austerity was introduced to help deal with its outcome, are back making money and can...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Mick Wallace: I move amendment No. 43:In page 41, between lines 35 and 36, to insert the following:"Use by Multinational Companies based in Ireland of "Single Malt" tax avoidance system 25.The Minister shall, within 6 months of the passing of this Act, prepare and lay before the Oireachtas a report analysing the use by Multinational Companies based in Ireland of a system known as "Single Malt", which...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Mick Wallace: The Minister's defence of what he admits is aggressive tax planning is that we could lose out if we change something. We are discussing a race to the bottom in terms of how tax is collected from those who can best afford to pay it. The Minister asserts that we are fully in line with international best practice. When we argue in the House about how Shannon Airport is allowed to be used as a...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Mick Wallace: LinkedIn recently opened a 17,000 sq. m building in Dublin as the company's headquarters for Europe, the Middle East and Africa. The Taoiseach was present at the opening and said, "The Government is committed to maintaining our stable and competitive corporation tax regime, and our strong incentives for research and development, so we can continue to attract and retain inward investment and...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Mick Wallace: It would give the Minister a global understanding of the impact tax arrangements, such as those in Ireland, can have on countries less well-off than ourselves. I again plead with the Minister to accept the amendment. We are seeking a six-month review, which is worth doing.

Written Answers — Department of Jobs, Enterprise and Innovation: Arms Trade (23 Nov 2017)

Mick Wallace: 16. To ask the Minister for Jobs, Enterprise and Innovation her views on the most recently published report under the Control of Exports Act 2008, covering the period January 2017 to June 2017; her further views on the volume of arms exports permitted by her Department to countries that form the Saudi Arabian alliance, which is engaged in the bombardment of Yemen; and if she will make a...

Written Answers — Department of Jobs, Enterprise and Innovation: Ministerial Travel (23 Nov 2017)

Mick Wallace: 37. To ask the Minister for Jobs, Enterprise and Innovation if she will report on her recent trade and investment mission to the United Arab Emirates; the groups she met; the issues discussed; and if she will make a statement on the matter. [49605/17]

Leaders' Questions (28 Nov 2017)

Mick Wallace: I was asked to take Leaders' Questions a few minutes ago so I was not expecting it. I have no interest in kicking the Taoiseach or the former Tánaiste today. Since 2012, Deputy Clare Daly and I have been trying to highlight the dysfunctional nature of An Garda Síochána and the Department of Justice and Equality. While it is an incredible honour to be in this place and to be...

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