Results 721-740 of 7,082 for speaker:John Paul Phelan

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: I move recommendation No. 5: In page 20, before section 16, to insert the following new section: "16.—The Principal Act is amended by the insertion of the following new section 15A. '15A.—(1) In any year of assessment where monies are paid to any state or other body in respect of which the individual making such payments would be entitled to a tax credit or an allowance for income tax the...

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: I move recommendation No. 6: In page 49, line 11, to delete "6" and substitute "10". The Bill provides that records be kept for a period of six years. My recommendation seeks that the retention period be extended to ten years. While those in business may think differently, ten years is not an overly long period to keep these records.

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: I move recommendation No. 7: In page 50, before section 27, but in Chapter 4, to insert the following new section: "27.—Within three months of the passing of this Act, the Minister shall lay before the Houses of the Oireachtas a Report outlining proposals which could be introduced to encourage a greater use of bio fuels.". This recommendation relates to an issue I raised on Second Stage in...

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: Is the Minister of State in a position to know how many of our European colleagues are currently availing of this? Is Ireland the last country to achieve this derogation? Is derogation used much in other countries? Perhaps the departmental officials may have that information. If not, I will put down a motion to the relevant Minister.

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: I move recommendation No. 8: In page 50, before section 27, but in Chapter 4, to insert the following new section: "27.—Section 268(A) of the Principal Act in the definition of 'qualifying hospital' is amended in paragraph (f) by inserting the words 'provides psychiatric services or' before 'contains facilities'.". This recommendation relates to a provision in the Finance Bill whereby...

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: As it will be included in the review I will withdraw the recommendation. Results from the review are due by the next budget. When will we have actual details of the review? Will it be announced on budget day with a big fanfare or even funfair?

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: Will it be published for Members' or the public's benefit before details are announced on budget day or will it be like the decentralisation announcement?

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: I move recommendation No. 9: In page 98, before section 56, but in Chapter 6, to insert the following new section: "56. Section 67 of the Finance Act 2003 is amended in subsection (2) by inserting the following paragraph after paragraph (a): '(aa) as respects a disposal which arises as a result of a compulsory acquisition,'." On Second Stage, I raised the issue of the provision and compulsory...

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: Recently I met a farmer who will lose ten acres of land to the Dublin-Waterford motorway. He is a man who never sold a site and has no intention of ever selling one. The only intention he has is to build up his enterprise and he is losing ten acres of ground. In effect, the Government is stealing two of those acres from him because he will have to pay capital gains tax on land he had no...

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: There is no intention to sell the land. The Government is putting its hand into the landowner's pocket.

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: It is being taken off them.

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: The Minister of State smiles a lot.

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: It seems the breeze from Inchydoney has reached as far as the Chamber.

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: Senators Mansergh and Ryan are correct in their observations on the provision of infrastructural projects in and around Dublin in that land acquisition represents a significant part of the cost. However, in my part of the country, the land acquisition component of the cost of road infrastructure does not represent one of the major costs.

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: It is not one of the major costs. The farmer I mentioned from Bennett's Bridge in County Kilkenny who has lost ten acres will not become a millionaire. Any inference from anyone in this Chamber or outside it that he will find himself with bags of money because of this is simply incorrect. However, there are those in Dublin and other cities who have made substantial amounts of money. I accept...

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: Will the Minister of State indicate that he will look seriously at the issue of reinvestment, particularly by farmers and householders? Those who lose their homes or land and seek to reinvest the money they receive in their business within a specified period of time should be exempt. My language may have been unhelpful in this debate. However, I did not directly describe tax as theft. That is...

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: However, I refer to the situation of a farmer who has no intention of selling land but must surrender several acres to facilitate the development of road infrastructure. It is inappropriate that such a person must pay a considerable amount of tax on an asset he or she had never intended to realise. If such persons reinvest the compensation in their business, they should be exempt from paying...

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: What is it?

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: I move recommendation No. 10. In page 125, before section 99, to insert the following new section: "99.—Section 8 of the Principal Act (as amended) is hereby amended by deleting all occurrences of '€25,500' and inserting '€75,000'." This recommendation, which is self-explanatory, seeks to introduce an increased threshold for which people must register for VAT.

Seanad: Finance Bill 2005 [Certified Money Bill]: Committee and Remaining Stages. (23 Mar 2005)

John Paul Phelan: I agree with Senator Quinn's recommendation and also profess a personal interest because I frequently buy hot food from garages, Superquinn and other outlets. The Senator is correct in that this is the epitome of a stealth tax. To use a south Kilkenny colloquialism, it was "snuck in" between the budget and the publication of the Finance Bill 2005. It impacts on a particular segment of the...