Results 12,641-12,660 of 26,924 for speaker:Richard Boyd Barrett
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: Some €2.5 billion in non-trading profits.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: What was the figure for total manufacturing and non-manufacturing trade profits for 2015 and 2016, if Dr. Walsh has it?
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: Some €140 billion?
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: A total of €55 billion was manufacturing.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: Publicly available.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: Yes. That is the opening gambit, as it were.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: Yes, but to me, it is telling that it is not shown here. I have difficulty getting these up-to-date figures.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: I appreciate that and thank the Chairman for his help. The figures were not presented initially, and to my mind the most important thing is how much profit is being made. Am I correct - to confirm for the public, who may be interested in these things - that profits are up considerably? Is that right? Yes, very considerably. Profits are up by percentages a good deal in excess of wages,...
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: Non-trading profits, but the vast bulk of profits-----
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: -----are trading profits and they are very considerably up. It is an upward trend. The percentages of increases are well outstripping wage increases over that period. Would that be fair to say?
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: Yes, it is indeed.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: There is still a gap.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: What I am trying to get at, because I think the public is owed this information, is that profits are going up very considerably and are consistently outstripping increases in remuneration for workers. That bears out what many of us see as a recovery for the few rather than a recovery benefiting the many. That is my point.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: No one could possibly dispute there has been increased employment, so we will take that as read.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: Mr. McCarthy said the gap in 2016 was not as great. What was the figure he gave me for 2016?
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: It is not the wage bill I am concerned with. I am concerned with how profits are doing versus how wages are doing. That is what I am interested in. Even in 2016, when Mr. McCarthy is saying it is slightly less, the gap is between 2% for wages and 7% for profits.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: That is what Mr. McCarthy just said.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: For workers it is the wage that is quite important.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: The companies making ginormous profits will definitely not be heading out of business any time soon. From the latest available figures, we have €142 billion and €7.4 billion paid in tax. What is the tax paid as a percentage of gross trading profits? It would be useful for us to have that figure.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Richard Boyd Barrett: There are about five different calculations of effective tax rate. I could work it out myself but I think the figures should be provided for the tax paid versus the gross manufacturing and non-manufacturing profits and what one is as a proportion of the other.