Results 11,021-11,040 of 26,610 for speaker:David Cullinane

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

David Cullinane: Yes, I understand that.

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

David Cullinane: However, Revenue is obviously using a methodology to calculate this figure.

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

David Cullinane: Will Mr. Cody explain that methodology to me?

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

David Cullinane: I appreciate that. I understand the point that Mr. Cody is making that, although this ruling will be tested in the court, it is a decision of the Commission and Revenue can only calculate a figure in respect of the two companies before it on the basis of that decision. I am just surmising that if a similar exercise were carried out on other companies using the same methodology, it is...

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

David Cullinane: I am not asking Revenue to do it, I am-----

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

David Cullinane: I will finish with the special report of the Comptroller and Auditor General. There is a quote which has been dealt with but on which I have some questions, "eight of the 100 companies with the highest taxable income had an effective tax rate of zero, including some who had negative rates", which are cases in which rebates were paid, "A further five had an effective rate of less than 1%."...

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

David Cullinane: They would have paid tax in the other country.

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

David Cullinane: I want to go through very quickly some of the allowances that are available. In the briefing document received by members, much of the information is about the tax treatment of intellectual property. The first one is the capital allowances for intellectual property. What are those allowances for a company?

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

David Cullinane: What is the current position on that? There were changes, I believe in 2014, where the 80% cap was abolished but was brought back again. What is the current position?

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

David Cullinane: Okay, it the 80% cap is back again. With regard to the other capital allowances, what other allowances are available?

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

David Cullinane: One is 7% of the expenditure on an intellectual property asset for each year over 14 years, followed by a 2% reduction in year 15. Is that one of the allowances?

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

David Cullinane: I am looking at it now. There are capital allowances for intellectual property and tax relief for expenditure on research and development and I believe this was dealt with by a previous speaker earlier. Is the knowledge development box, KDB, separate?

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

David Cullinane: Could companies avail of the capital allowances, the tax relief on research and development and the knowledge development box or are they separate?

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

David Cullinane: With regard to the types of companies that have patents or royalties and that avail of the knowledge development box and other intellectual property allowances, is it fair to say they have a lower effective corporation tax rate?

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

David Cullinane: Compared with intellectual property and research and development, it is on the smaller scale.

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

David Cullinane: I will finish on a positive note. I do not know if Mr. Cody follows the World Economic Forum in Davos. Joseph Stiglitz called the Irish tax state an enabler of the global "race to the bottom" in terms of corporation tax code. Is this of concern to Mr. Cody?

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

David Cullinane: What of the Department of Finance? There were several Ministers in Davos also. They would have been there to hear some of the criticism.

Ceisteanna - Questions: Cabinet Committee Meetings (6 Mar 2018)

David Cullinane: The Taoiseach will be in Waterford.

Topical Issue Debate: Employment Rights (6 Mar 2018)

David Cullinane: A status red severe weather warning speaks for itself. Red is the highest alert and it is a warning to workers to stay safe, not to make unnecessary journeys and not to go to work unless it is safe to do so. The problem is that during the time of the red alert far too many workers were unable to heed the warnings given by An Taoiseach and those in authority because their employers...

Topical Issue Debate: Employment Rights (6 Mar 2018)

David Cullinane: The Minister's speech today is an absolute joke of a response to what is a very serious issue. I am really angered by her response because essentially what she, the Taoiseach and the Government are doing is outsourcing what should be the first priority for all of us in this State, namely, the protection of workers, to employers. The Minister said that the Government cannot give blanket...