Results 9,561-9,580 of 36,189 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)

Pearse Doherty: It is interesting that Ms O'Brien referred to delaying tactics by a possible 1% of those involved in this process. I am not involved and have no experience in this area, but Revenue is saying there is evidence of this problem and it is the taxpayer who loses out. Revenue has provided the numbers. A determination issued and it was found that in some 600 cases, five years have elapsed since...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)

Pearse Doherty: No one is suggesting that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)

Pearse Doherty: The point being made is that there is a large number of cases which are in the system for over five years-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)

Pearse Doherty: -----and given the fact that the system is so messed up - I am sure it is not working properly - it should not be too surprising that some people may use it to buy time, as the Revenue has suggested, to get rid of their assets, so that if they lose the appeal the State still gets nothing.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)

Pearse Doherty: We were talking about the figures. I have never requested the figures from Revenue or from the Minister. I will table a parliamentary question this evening and look for the figures over the last number of years. However, when we asked for the figures from Revenue or the Department - I am not sure which official gave the figures - we were given the figures for 2013 freely and openly. This...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)

Pearse Doherty: What does Mr. Keegan think we are over-emphasising in the legislation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)

Pearse Doherty: This is not about local property tax alone. It is about corporation tax, capital acquisitions tax and the majority of the tax heads. Is it not in the interests of, and of financial benefit to, high net worth individuals - which some of the delegates may represent - to buy time and restructure rather than pay a tax liability? This is not about an overemphasis. It is about the quantum of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)

Pearse Doherty: I agree with Ms O'Brien's comments in regard to the Circuit Court. The points made by her in that regard and by myself are at least in the same area. I am playing devil's advocate here. We are all aware that our courts system is blocked and that different measures, including the establishment of the Court of Appeal, have been introduced to deal with problems at the higher level. I am...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)

Pearse Doherty: We touched on this issue earlier, at which time the point was made by Revenue and the departmental officials that the tax paid on the decision of the Appeal Commissioners would be not be disputed. Reference was made earlier by the Revenue officials to €770 million in respect of which assessments had been made but collection could not proceed. Some of that €770 million relates...

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Pearse Doherty: Sinn Féin will also approach this constructively and support the passage of the Bill. I have raised the issue time and again regarding the explanatory notes on amendments. It is a new departure and the Minister said he would ensure that this would happen. It has happened and it has made it a bit easier to navigate what can sometimes be technical amendments such as those before us...

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Pearse Doherty: I welcome the fact the role of the auditor has been included in this amendment. We debated this on Committee Stage and I acknowledge that it is not like other companies in regard to how AGMs take place and so on. Have any submissions been made to the Department or has there been any contact in regard to concern about this provision in the legislation and in terms of the 10% shareholding?

Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)

Pearse Doherty: I thank the Minister and his officials. It seems we have been dealing with this legislation for quite a while, particularly on Committee Stage where we had a good discussion on the intentions of the Bill. I outlined concerns on Second Stage about what we are trying to chase here, although it is disputed by the Minister in terms of chasing other countries and so on. Obviously, we hope...

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Pearse Doherty: Cuirim fáilte roimh an tOllamh Kane and welcome him back to Ireland. He has spoken a lot about the too-big-to-fail concept. There have been studies on what this means. In Professor Kane's view, what does it mean to have a bank too big to fail? How would he, or a member state, assess in a crisis whether a financial institution is too big to fail?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Pearse Doherty: Professor Kane mentioned that Anglo Irish Bank should have been nationalised earlier. I appreciate, as Professor Kane stated, that he is not a scholar of the banking crisis in Ireland. However, can he explain the difference between nationalising Anglo Irish Bank, which has at this point imposed losses in the region of €30 billion on taxpayers, and guaranteeing it? What difference...

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Pearse Doherty: How does that factor into some of the other evidence provided by Professor Kane in regard to a banking holiday? If we were to nationalise a bank such as Anglo Irish Bank, does it not put the losses on the State automatically as a result of nationalisation? Does Professor Kane still believe that was the best option or is the idea of a bank holiday, where people can go in, look at losses and...

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Pearse Doherty: With regard to Professor Kane's 2004 paper examining 12 countries and their guarantees, were any of the guarantees similar to what the Irish State put in place? For example, the Irish bank guarantee covered all past and future deposits, retail and commercial institutions, interbank, covered bonds, senior debt and dated subordinated debt. Were the other guarantees of a similar nature or was...

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Pearse Doherty: The 2004 paper says that while policy-making during a crisis may be of the seat of the pants variety, the policy itself is informed by a political and economic struggle over who pays for the losses. How important in the view of Professor Kane is that dynamic, namely, the political and economic struggle of who pays for the crisis in terms of framing the terms of the resolution?

Written Answers — Department of Finance: State Banking Sector (29 Jan 2015)

Pearse Doherty: 50. To ask the Minister for Finance the amount of deferred tax assets held by each State backed bank; and if he will make a statement on the matter. [4101/15]

Written Answers — Department of Finance: Banking Sector (29 Jan 2015)

Pearse Doherty: 51. To ask the Minister for Finance if PermanentTSB has contracted external consultants to advise on raising capital; and if so, the company involved; the value of the contract; and if he will make a statement on the matter. [4102/15]

Written Answers — Department of Finance: Central Bank of Ireland Transactions (29 Jan 2015)

Pearse Doherty: 52. To ask the Minister for Finance the effect the Central Bank of Ireland's holding of the Anglo Irish Bank bonds will have on Ireland's ability to avail of quantitative easing; and if he will make a statement on the matter. [4104/15]