Results 7,181-7,200 of 16,492 for speaker:Ciarán Lynch

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)

Ciarán Lynch: I note there is a vote in the Seanad.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)

Ciarán Lynch: I am being patient. There is a vote in the Seanad. I will come back to the question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)

Ciarán Lynch: We will finish Deputy Pearse Doherty's question, and then briefly hear Deputies Boyd Barrett and Twomey together. Then I am wrapping up.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)

Ciarán Lynch: The question was already asked.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)

Ciarán Lynch: That brings us back to Deputy Twomey's remark, which was more of a comment than a question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (4 Jun 2014)

Ciarán Lynch: It is time to put on your dinner jackets, since it is nearly 6 p.m., never mind your bowler hats. With that said I will bring matters to a conclusion. I thank Mr. Carrigan, Mr. Brennan, Mr. McDermott, Ms Cully and Mr. Gilvarry for their contributions. It is a little like Star Trek in that we boldly go where no one has gone before. Certainly, it has been one of the more complex issues I...

Written Answers — Department of Environment, Community and Local Government: Local Authority Housing Provision (10 Jun 2014)

Ciarán Lynch: 372. To ask the Minister for Environment, Community and Local Government to detail the budgetary provision that has been made to enable local authorities to facilitate tenants who wish to downsize to more suitable accommodation; and if he will make a statement on the matter. [24172/14]

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Reform of Global System of Corporation Tax: EU Commission and KPMG (11 Jun 2014)

Ciarán Lynch: We will now deal with item No. 6 of today's meeting, namely proposals from international institutions to reform the global system of corporation tax. I welcome Mr. Philip Kermode, director of the Directorate-General for Taxation and Customs Union of the European Commission, and Mr. Liam Lynch, head of insurance and tax adviser, KPMG, Dublin. Mr. Kermode is accompanied by Mr. Tim Hayes,...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Reform of Global System of Corporation Tax: EU Commission and KPMG (11 Jun 2014)

Ciarán Lynch: Sure.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Reform of Global System of Corporation Tax: EU Commission and KPMG (11 Jun 2014)

Ciarán Lynch: I must interrupt. Many members of this committee are also members of the Select Sub-committee on Social Protection and there is a vote taking place there now. Please continue.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Reform of Global System of Corporation Tax: EU Commission and KPMG (11 Jun 2014)

Ciarán Lynch: I thank Mr. Lynch. As we must be cognisant of the time I suggest that questions and answers be concise. Perhaps Mr. Philip Kermode can indicate where the European Union and the OECD are co-ordinating their position in regard to of the base erosion in profit shifting initiative. What is the interface between the European Union and the OCED and how is that working currently?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Reform of Global System of Corporation Tax: EU Commission and KPMG (11 Jun 2014)

Ciarán Lynch: Recently, the Department of Finance published its own consultation document on the BEPS. What is Mr. Kermode's view of that document?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Reform of Global System of Corporation Tax: EU Commission and KPMG (11 Jun 2014)

Ciarán Lynch: In addition to the risk of there being a timetable, it is also means everybody trying to move globally at the same time to a unified position. There is a suggestion that many of the problems of aggressive tax planning are caused due to US tax routes. What is Mr. Kermode's view on that issue?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Reform of Global System of Corporation Tax: EU Commission and KPMG (11 Jun 2014)

Ciarán Lynch: As I understand the process, it is not meant to lead to complete harmonisation of the tax code in every country but it is to put some sort of order in it. I used the analogy previously when discussing the offside rule that rather than speak to the clubs we need to speak to FIFA and UEFA which is appropriate given the week we are in. The position is that there is a dilemma, that is, that in...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Reform of Global System of Corporation Tax: EU Commission and KPMG (11 Jun 2014)

Ciarán Lynch: What is Mr. Lynch’s interpretation of the reports critical about this jurisdiction?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Reform of Global System of Corporation Tax: EU Commission and KPMG (11 Jun 2014)

Ciarán Lynch: Was the Governor of California, Mr. Jerry Brown, correct when he said during the week that if California had a tax take like Ireland’s, it could go independent? I felt that was somewhat disingenuous as there is no big pool of tax out there.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Reform of Global System of Corporation Tax: EU Commission and KPMG (11 Jun 2014)

Ciarán Lynch: How committed is the US to the OECD’s base erosion and profit shifting, BEPS, project?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Reform of Global System of Corporation Tax: EU Commission and KPMG (11 Jun 2014)

Ciarán Lynch: The BEPS process is being worked out by the OECD, the European Union, G20 and others. Does the process have a relationship with Ireland’s 12.5% corporation tax rate?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Reform of Global System of Corporation Tax: EU Commission and KPMG (11 Jun 2014)

Ciarán Lynch: There is no connection whatsoever, then.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Reform of Global System of Corporation Tax: EU Commission and KPMG (11 Jun 2014)

Ciarán Lynch: This is not a process which will involve Ireland having to change its 12.5% corporation tax rate.