Results 8,001-8,020 of 36,188 for speaker:Pearse Doherty

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)

Pearse Doherty: Will Professor Stewart explain that further?

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)

Pearse Doherty: Is Professor Stewart saying that the €40 billion is stateless?

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)

Pearse Doherty: I understand. Ms. O'Brien referred to the damage arising from the suggestion that companies could avail of an effective tax rate of 2% but that it is a misunderstanding of the legal entities. Will Ms O'Brien elaborate on what Professor Stewart said, or does she have a conflicting view? I do not want to start a row, but it comes to the fundamentals of what the committee is trying to figure out.

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)

Pearse Doherty: Is Professor Stewart agreeable to that?

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)

Pearse Doherty: The point Professor Stewart made was that the definition of tax residency runs to approximately 85 pages. The devil is, therefore, in the detail. Professor Stewart stated that Ireland should probably not move unilaterally. Yesterday, at a meeting with multinational companies and major employers, one of their representatives informed me that Apple was at one end of the spectrum and it was...

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)

Pearse Doherty: That will be final contribution.

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)

Pearse Doherty: This has been an interesting debate, but we are probably not much further along on the question of defining an effective rate of tax. In the case of Apple, one of the major multinationals with operations in this country which we want to keep here, its chief executive officer gave written evidence to the United States Senate hearings that its effective tax rate was calculated by the Irish...

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)

Pearse Doherty: May I ask one brief final question on BEPS? The argument has been made by a witness who came before the committee previously that BEPS has the potential to reduce our corporate tax base. It is not simply about opportunities as there also are risks for Ireland here, regardless of whether one believes these are morally right things that should happen. There is a danger here and the point I...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Pearse Doherty: I want to pick up on the last point. This was described by the Minister, Taoiseach and Tánaiste with the words "seismic shift" and "game changer". This was about getting our money back. The IMF has come out very clearly today in its report to say it supports the retroactive recapitalisation of the Irish banks. It does not represent people on this island. As the Minister for Finance,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Pearse Doherty: Can the Minister explain why we would not apply at the earliest opportunity, given the fact that we have waited a number of years to have banking union up and running?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Pearse Doherty: The Minister has said we may not apply in November.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Pearse Doherty: Why would we not apply for money that we believe should be paid back to us through the ESM in November? Can the Minister give me any rationale as to why, if we have taken the decision to apply anyway, we would not apply so that we could reduce our debt?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Pearse Doherty: I find this extraordinary, given that we have been told the diplomatic support has been lined up for the last three years since the Government took office. I believe genuinely that the Government intends to drag this out in the hope that there will be public fatigue, the shares in AIB can be sold to the market for €12 billion and there will then be no real reason to apply to the ESM,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Pearse Doherty: Let us be clear-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Pearse Doherty: I am not begrudging. I have asked the Minister parliamentary questions in the Dáil on how a retroactive application of this instrument would apply. The reply has been that the Minister has no responsibility to answer those questions in the Dáil. I am an Opposition spokesperson asking how a retroactive instrument which could benefit the State to the sum of €20 billion could...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Pearse Doherty: Not only will the Minister not answer in the Dáil, he will still not answer the question I have asked him for the third time. I put it again. Given that the rules of the direct recapitalisation instrument, which include, in the first instance, bringing the banks up to a core tier 1 capital ratio of 4.5%, in the second instance, a bailout, and in the third instance, applying to the ESM,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Pearse Doherty: It is a question. When I am sitting over there, then the Minister will be able to ask questions of me.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Pearse Doherty: My view is that the Minister's negotiating strategy has been appalling. He should have stood up for Irish interests. He is about to amend legislation to allow for a banking union to exist with no real commitment to direct recapitalisation. We met with German Bundestag Members today who spoke about the lack of political opportunities and the fact that it is impossible to sell the Irish...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Pearse Doherty: If the Minister would answer my questions instead of replying to my views, it would be more appropriate.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Pearse Doherty: I appreciate that the Minister is a long time at this game and is just winding down the clock. We can exchange views for all we like. With respect, will the Minister answer some questions?