Results 10,521-10,540 of 26,610 for speaker:David Cullinane
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Does Mr. Cody mean million?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: If you could, because my understanding is that ten companies claimed two thirds of the overall amount, which is €416 million.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: And I am asking the question here. I seek clarification as to whether the figure is correct. I am assuming it is correct, which then means that many smaller companies that we are trying to encourage to develop and grow may not be getting a fair crack of the whip. If it is the case that we have a tax credit in place that is simply going to the top companies and is not filtering down to...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Is there any concern that companies are inflating the research and development being undertaken? Is that something that would concern the Department? Does it form part of the Department's examination of the tax credit?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: May I turn to Apple briefly?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: What I might do is come back to the Apple issue in the second round. I have one final question for Mr. Cody. He said last night that Revenue would investigate thoroughly and seek to recover the tax avoided, together with interest and avoidance surcharges. Has anybody in the State been subject to a criminal sanction for not paying tax in the past five years?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Does Mr. Cody have data he could provide for the committee or is it sensitive information? Obviously, we are not looking for the names of the individuals involved, but in terms of the numbers-----
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Will Mr. Cody forward a note to the committee on that matter? I will come back to the Apple case later.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: I want to return to some of the issues raised earlier, especially the issues of Apple and capital allowances. Mr. Hogan fielded questions earlier about the establishment of the escrow account. He said that the infrastructure is not in place for that account to be set up. Can he remind us what infrastructure needs to be put in place?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Custodians and investment managers must be appointed. Why does it take so long for that to happen?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Is that now in train? Have they kicked in yet?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: What date does the witness expect the account to be up and running?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: I am not asking for the Monday or Tuesday it will happen. Can the witness give us the month it will happen?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Given that this is an issue where, potentially, we might find ourselves in hot water for a delay in establishing this account, it would be in the State's interest for the Department to be somewhat prescriptive.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: The witness also said, when fielding questions in respect of the amounts that will eventually have to be transferred into the account, that it is possible this could be done in phases-----
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: -----and the reason is that the people who manage the investments and the custodians would need to have the wherewithal to be able to do that. The State, whether it is through the Revenue Commissioners or the Department, deals with tens of billions of euro every year, so it is not credible to put forward a defence that the money simply cannot be transferred at one time. I am putting this...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: The witness understands that we must ask questions. If there is, as there appears to be, a delay in establishing this account we must probe and try to establish why that is the case. This question is for Mr. Hogan before I turn to Mr. Cody. How much money must be transferred into this account?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Is one of the reasons that the account is not set up that the Department does not yet know how much it must put into it?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: It is not very complex when they have to figure out how much tax I must pay-----
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: -----or how much citizens have to pay. It is always very complex when we have to find out how much high net worth individuals have to pay in taxes. Mr. Hogan does not know yet how much money must be put into this account. The Revenue Commissioners have not calculated it yet. Is that one of the reasons the account has not been established?