Results 6,061-6,080 of 6,295 for speaker:Michael D'Arcy

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Data Protection Act 2018 (Section 60 (6)) (Central Bank of Ireland) Regulation 2019: Minister of State at the Department of Finance (1 Oct 2019)

Michael D'Arcy: I appreciate that.

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: It is a pleasure to be back in the real Seanad; we were in the other room for quite some time. I am pleased to return to the Seanad to contribute to the debate here on budget 2020, which the Minister for Finance presented to Dáil Éireann. This year's budget has been prepared in circumstances that are without precedent. We are dealing with the implications of the UK's imminent...

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: I will discuss the insurance industry-----

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: To what is the Senator referring?

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: That would not be a first.

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: Mr. Brian Hayes.

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: If the Senator waits, I will give him a clear response.

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: They do have to go through it.

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: I thank the Senators. I will not discuss insurance now, but as the Leader of the House is present, I will say that I am happy to return to the House to discuss insurance at any point. It is up to the Senators to invite me but I am happy to have a full and wide-ranging conversation about insurance. However, I will correct a statement on insurance. Senator Lawlor criticised the Chief...

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: I am happy to correct the record. I expect there will be an announcement pretty soon and at that point I am sure Senator Lawlor would be satisfied to correct the record himself. When I get the opportunity to speak to insurance matters in full, I will put on record exactly the position and where we have come since the passing of the Judicial Council Act 2019 last summer.I remember that...

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: Neither does VAT or any other tax. It does not happen. There will be no change in the local property tax until 2021. Perhaps the Senators will be in Government and there will be a person from Sinn Féin in this position. They can then get rid of it and bring in a wealth tax, charge as they see fit and see how it works, because make no mistake about it, capital is very mobile and it...

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: They pay no income tax. That is one of the largest figures anywhere. In very few jurisdictions do about one third of the workforce pay no income tax. Look at where the numbers are-----

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: No, we do not.

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: We do not have the largest portion of low-paid employees of any country in the EU. I am just giving the numbers. People start to pay income tax at closer to €18,000, and they do so at 20%, which is a very reasonable rate. The amount of tax paid on incomes up to €35,000 is very low, which is also appropriate. What the Taoiseach wanted to do and what I have always wanted to do...

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: I am trying to give people the actual figures. The increase in the carbon tax will amount to an extra €1 for a tank of petrol of 60 l or more and an extra €1.20 for a larger 70 l tank of diesel. The price of a 40 kg bag of coal will rise by 72 cent. Again, if others in the future want to increase or decrease the tax, that will be a matter for future budgets. Senator Mulherin...

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: Sinn Féin's standard is €100,000.

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: Sinn Féin also claims that a couple on €140,000 are wealthy. That is two people earning €70,000. Living in County Dublin is expensive.

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: Senator Gavan specifically referred to SARP, KEEP and-----

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: SARP is a good scheme. I travel all around the world. There is nowhere I would not go to try to bring jobs to Ireland. Some of these people earn very high salaries in other jurisdictions at much lower personal income tax rates than ours. They bring these jobs here. SARP is a good structure because when some of these people are brought in, they bring jobs with them. I heard Deputy...

Seanad: Budget 2020: Statements (8 Oct 2019)

Michael D'Arcy: They are good schemes, they have a purpose and they work.