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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: Was it discussed with previous amendments?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: The amendment was not moved.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: All right.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: I should mention that we have only three minutes left. We need to adjourn at 6.30 p.m. and will resume at 7.30 p.m.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: We need to be fair to everyone.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: -----we will adjourn at 6.30 p.m. The Minister may start if he wishes.

Committee on Budgetary Oversight: Inflation: Discussion (Resumed) (17 Nov 2021)

Bernard Durkan: I must have affected Deputy Boyd Barrett because he seems to have wandered off the script. I was listening to him while dining at the same time. First, I thank the Chair. I also thank our witnesses for their presentation. I listened to as much of it as I could. I was trying to do two things at the same time. There are two things that come to mind. I had agreed all day almost with...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Bernard Durkan: Ordinarily I would be critical of banks for some of the things that have happened over the past 15 years or so, but in this case I think the Minister is correct. We are at a very sensitive juncture. All efforts need to be made to ensure nothing distracts the banks or gives them an opportunity or excuse for not doing what is required most at this time, which is that pillar banks must lend to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: Lost in translation.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: I find this an interesting debate. Mind you, it is not the first time I have heard it. It has been a commonly debated issue in the House for as long as I have been around, and that is not a short time. I will first address the whole question of multinational corporations. I come from constituency in which many multinational corporations have invested and in which they provide tens of...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: I have a query on a matter that has come to my attention. There was a situation in Athenry a couple of years ago where an application was made, and it took a long time to process it. An application was made in Denmark at the same time and not only was the first one granted in Denmark but a second one was granted there before one application could be processed here. It is an interesting...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: As we look back and ask ourselves the quite legitimate questions Deputy Boyd Barrett has raised, we may come up with a different answer to the raison d'ĂȘtreused at the time, that is, that investment companies had to be invited into the State in order to generate movement in the banking sector. There was nobody to whom people could apply to borrow. There was no money in the system. The...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: Hold on a second-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: I am sorry, Deputy, but there is no provision for interaction between the members of the committee in an argumentative way when they have already discussed the section.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: The Deputy is going to bring it back again and is the section agreed?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: We have dealt with that a long time ago. I ask the Deputies not to intervene anymore. Is it agreed that section 5 stand part of the Bill?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: There are no amendments to section 9.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: Not at all?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: It is not quite 6.30 p.m. yet, but we have only two minutes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Bernard Durkan: Just to be sure to be sure-----

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