Results 921-940 of 5,587 for speaker:Kevin Humphreys

Joint Oireachtas Committee on Environment, Culture and the Gaeltacht: 2013 Allocations for Public Expenditure
Vote 25 - Department of the Environment, Community and Local Government (13 Nov 2012)

Kevin Humphreys: It is set out in the comprehensive expenditure review.

Joint Oireachtas Committee on Environment, Culture and the Gaeltacht: 2013 Allocations for Public Expenditure
Vote 25 - Department of the Environment, Community and Local Government (13 Nov 2012)

Kevin Humphreys: The figures do not match. I also asked about the €0.5 billion in Housing Finance Authority loans.

Joint Oireachtas Committee on Environment, Culture and the Gaeltacht: 2013 Allocations for Public Expenditure
Vote 25 - Department of the Environment, Community and Local Government (13 Nov 2012)

Kevin Humphreys: On the gap in funding, will it continue to be rolled over into annuities and interest loans, as was done in the case of the €179 million figure?

Credit Union Bill 2012: Second Stage (Resumed) (14 Nov 2012)

Kevin Humphreys: I welcome the Bill. The Minister has done a substantial amount of work to strengthen the credit union movement, rather than damage it. I should declare at the outset that I am a member of a credit union. I would probably not be here if I had not been able to borrow money in 1998 to run my first campaign. I suppose I should declare my self-interest at this stage. That is an example of the...

Education Funding: Motion (Resumed) [Private Members] (14 Nov 2012)

Kevin Humphreys: I was not fortunate enough to go to university but I realise the importance of doing so and the critical difference third level education makes to the economic and social future of our country. It is a driver of social mobility. Each year we are educating more children with less money. I have enormous respect for the thousands of teachers, lecturers and assistants who work to educate our...

Education Funding: Motion (Resumed) [Private Members] (14 Nov 2012)

Kevin Humphreys: Yes, it is. Unfortunately, I cannot really take Deputy Micheál Martin's comments on certain matters seriously, particularly as he was a member of the Cabinet which sold the country down the river. Those opposite should take a careful look at themselves. Deputy Micheál Martin has no credibility when it comes to issues of this nature.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Kevin Humphreys: I thank the witnesses. I have a keen interest in this issue. I would like any decision we make on FTT to be research-driven and evidence-based. A total of 33,000 people work in the financial services centre and it has been suggested that 3,000 of those could be affected if an FTT is introduced. That said, I maintain the need for research and for decisions to be evidence-based on whether...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Kevin Humphreys: How did Ms McVeigh come up with the figures?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Kevin Humphreys: Other research documents suggest that the EU budget would see a reduction in member states’ national contribution. Is that factored into the figures we received from Ms McVeigh?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Kevin Humphreys: There would be a reduction in the contributions of member states to the EU budget. Is the figure Ms McVeigh gave us factored into the equation? The split is two thirds to one third.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Kevin Humphreys: It does not seem to be factored into the figure Ms McVeigh gave us today in the presentation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Kevin Humphreys: It would be misleading to say that we would gain in taxation because there would be a reduction in our contributions to the EU budget.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Kevin Humphreys: We seem to get half-truths from both sides on the financial transaction tax rather than the full picture. As an elected parliamentarian I am keen to get the information rather than a piece of information that suits one particular side of the argument. What Ms McVeigh said appears to be a partial truth because it does not equate with the contribution we make to the EU and the reduction in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Kevin Humphreys: Yes, but Ms McVeigh did not even mention that there would be a reduction in contribution to the EU budget. Therefore, the figure in the presentation is more than likely misleading.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Kevin Humphreys: Okay, I just wanted to be clear on the matter because it is difficult to ascertain the facts from either side. Each group only gives half of the story. The financial transaction tax is portrayed as a tax. Is it not also a tool to encourage growth and reduce the boom-to-bust cycle? I refer to putting a control into high frequency trades, HFTs. Reducing the number of HFTs would reduce the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Kevin Humphreys: If Ms McVeigh does not wish to respond to the next question that is fine but I am interested in learning from her experience. High frequency traders sometimes carry out large trades over a particular day which have a massive impact on the European economy. Because of the increase they could be paying up to 50% tax in the case of FTT because sometimes they would turn over their entire book...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Kevin Humphreys: Sometimes we use tax to control the volume of trade. I will let Deputy Mathews deal with that because I am sure he could give a lecture on the way it is dealt with. The United Kingdom is against this but the UK has a financial transaction tax, FTT-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Kevin Humphreys: -----of 0.5% which generates £5 billion a year, and that does not include trade derivatives. It says it is against it, but it still operates it in the market. The US securities regulator also operates it and it generates approximately $1 billion. It operates it on a rate of 0.00257%. It increased it from 0.0017% in 2010 to its current level. The same arguments we hear against the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Kevin Humphreys: From the Irish viewpoint, what independent research has Ms McVeigh done other than submissions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Kevin Humphreys: Have the witnesses received any papers on this, based on the information they have presented to us, from the IFSC Clearing House Group?