Results 6,421-6,440 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Tax Collection (17 Jun 2014)

Michael McGrath: 189. To ask the Minister for Finance the approximate number of inheritance cases that resulted in a capital acquisitions tax liability in each year from 2010 to 2013; and if he will make a statement on the matter. [25976/14]

Written Answers — Department of Finance: Tax Residency Issues (17 Jun 2014)

Michael McGrath: 193. To ask the Minister for Finance further to Parliamentary Question No. 61 of 13 March 2014, if the Revenue Commissioners have been advised by any company that it is or will be affected by the change in residence rules as to where it is actually resident pursuant to section 39 of the Finance (No. 2) Act 2013; and if he will make a statement on the matter. [26018/14]

Written Answers — Department of Finance: Mortgage Arrears Report Implementation (17 Jun 2014)

Michael McGrath: 194. To ask the Minister for Finance the position regarding the frequency of phone calls from a financial institution to a customer regarding mortgage arrears; if he considers 16 phone calls in 19 days to be excessive; the redress open to the citizen experiencing such harassment; and if he will make a statement on the matter. [26052/14]

Written Answers — Department of Environment, Community and Local Government: Local Authority Housing (17 Jun 2014)

Michael McGrath: 467. To ask the Minister for Environment, Community and Local Government the minimum period a local authority social housing unit must be vacant before the local authority can avail of or seek funding from his Department for the repair or improvement of that vacant unit; and if he will make a statement on the matter. [25955/14]

Written Answers — Department of Children and Youth Affairs: Adoption Legislation (17 Jun 2014)

Michael McGrath: 795. To ask the Minister for Children and Youth Affairs the progress that has been made in putting transitional arrangements in place for prospective adoptive parents who are at risk of being aged out of the system while waiting for the accredited agency to be fully operational; and if he will make a statement on the matter. [25738/14]

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Assessment of Measures Relating to Corporation Tax in Ireland: Discussion (17 Jun 2014)

Michael McGrath: I welcome Professor Stewart and Ms O'Brien and thank them for their presentations. I will start by asking Professor Stewart questions in order to tease out his main thesis. As he will know, there is a fundamental distinction between the incorporation of a company and tax residency of a company. It seems that the US data, which he has relied heavily on, included in its calculation the...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Assessment of Measures Relating to Corporation Tax in Ireland: Discussion (17 Jun 2014)

Michael McGrath: Does he accept the premise that where a company is tax resident determines where it pays its tax?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Assessment of Measures Relating to Corporation Tax in Ireland: Discussion (17 Jun 2014)

Michael McGrath: That is not the rule in Ireland

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Assessment of Measures Relating to Corporation Tax in Ireland: Discussion (17 Jun 2014)

Michael McGrath: Are there characteristics of the Irish residency rule that are particular to Ireland? Are we out of step with other countries in terms of our definition of tax residency and the management and control test?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Assessment of Measures Relating to Corporation Tax in Ireland: Discussion (17 Jun 2014)

Michael McGrath: The professor's main issue is that he is challenging Revenue decisions on where a company is tax resident.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Assessment of Measures Relating to Corporation Tax in Ireland: Discussion (17 Jun 2014)

Michael McGrath: His analysis seems to suggest that, regarding companies incorporated, he has accepted the US data-----

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Assessment of Measures Relating to Corporation Tax in Ireland: Discussion (17 Jun 2014)

Michael McGrath: -----that stated such companies have an effective tax rate of somewhere around 2%.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Assessment of Measures Relating to Corporation Tax in Ireland: Discussion (17 Jun 2014)

Michael McGrath: He accepts that it includes data in respect of companies that are not tax resident here at all. He seems to hold the view that those profits should be taxable in Ireland even though they are not, according to Revenue, and it has decided that the company has a different tax residency elsewhere. That seems to be what the professor is challenging.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Assessment of Measures Relating to Corporation Tax in Ireland: Discussion (17 Jun 2014)

Michael McGrath: Is he saying that in the case of US multinationals, with operations in Ireland, there should be no distinction between incorporation and residency?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Assessment of Measures Relating to Corporation Tax in Ireland: Discussion (17 Jun 2014)

Michael McGrath: Yes, tax residency. Is he saying there should be no distinction and if they are incorporated here then they should be deemed to be tax resident here?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Assessment of Measures Relating to Corporation Tax in Ireland: Discussion (17 Jun 2014)

Michael McGrath: I would like to hear Ms O'Brien's reaction to what Professor Stewart stated. I would like to hear her views on incorporation, residency and the relative importance of from a taxation point of view and impact if we go down the road, as Professor Stewart has said, of eliminating the distinction from a taxation point of view.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Assessment of Measures Relating to Corporation Tax in Ireland: Discussion (17 Jun 2014)

Michael McGrath: What criteria does Revenue use for the management and control test? Is it common for countries to have a separate tax residency test from the incorporation question?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Assessment of Measures Relating to Corporation Tax in Ireland: Discussion (17 Jun 2014)

Michael McGrath: They sound like long-established principles on tax residency and the definition of the management and control test, yet Professor Stewart's analysis puts this aside and states US companies legally incorporated here should be taxed in Ireland on their global operations.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Assessment of Measures Relating to Corporation Tax in Ireland: Discussion (17 Jun 2014)

Michael McGrath: Is Professor Stewart advocating that Ireland make certain changes unilaterally outside of the OECD base erosion and profit sharing, BEPS, process? What does he suggest, if anything, we do unilaterally as a country?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Assessment of Measures Relating to Corporation Tax in Ireland: Discussion (17 Jun 2014)

Michael McGrath: Is Professor Stewart advocating that Ireland make any change?