Results 1,361-1,380 of 2,551 for speaker:Pat Carey

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: There are step effects in our current taxation system which have been in place for a number of years. For example there is a step in the current health levy and the PRSI system. There is no compelling evidence that these step effects have discouraged workers from accepting increases in pay. There is precedence for the current income levy structure. The income levy introduced by the Fianna...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: Income tax relief in respect of health expenses will be granted at the standard rate of tax for 2009, with the exception of nursing home fees which will continue to be granted at an individual's marginal rate of tax. The change provided for in the Finance Bill follows on from the changes made in the Finance Act 2007, that is, the removal of the de minimus threshold of €125 for a single...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: As I indicated in my response to the previous recommendation on the Commission on Taxation, the Minister cannot accept an amendment that affects the existing broad terms of reference of the Commission on Taxation. Recommendation put.

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: The initiative on health expenses relief will yield €120 million in 2010 and €150 million in a full year. The changes provided for in the Finance Bill follow on from the changes made in Finance Act 2007, that is, the removal of the de minimis threshold of €125 for a single individual and €250 for a married couple. The Finance Act 2007 also provided for the removal of the requirement...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: The dental profession has sought the extension of the relief to routine dental treatment, basing this on a comparison with relief available for routine doctors visits. Routine dental treatment has never qualified for tax relief and dentists are not in competition with doctors. In any event, the cost of such a concession is estimated to be very high and, given the current fiscal situation,...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: The terms of reference of the Commission on Taxation are very broad and it will issue its final report on 30 September. I suggest we await the report.

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: The purpose of section 13 of the Bill is the attraction from overseas of individuals with the necessary high level skills that are needed in the current economic climate. Those individuals will, in turn, act as potential magnets to attract additional levels of business to Ireland, which will enhance our ability to develop further the sectors within which they work. It will enable us to...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: No.

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: I understand recommendation No. 3 has been ruled out of order.

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: I will broadly address the issue raised. The scheme of capital allowances for the construction or refurbishment of buildings used as registered nursing homes and private hospitals came into effect in April 1998 and May 2002, respectively. The purpose of the schemes is to attract private investment into the provision of nursing homes and hospitals. Under the schemes, investors can write off...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: Senator Doherty has proposed that the new scheme of capital allowances regarding the construction and refurbishment of buildings to be used as specialist palliative care units does not come into effect. This scheme was introduced in the Finance Act 2008 but has yet to receive European Union Commission approval from a State aid perspective and be commenced by the Minister. It was introduced...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: I will try to be as helpful as possible to Senator Buttimer regarding the eastern gateway bridge. There is a submission from Cork City Council to the gateway innovation fund for €60 million, with €20 million to be provided by the council. Decisions on the gateway innovation funding have been put in abeyance until after 2009. That reflects the review of capital expenditure and the...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: With regard to the publication of the report, I will ask the office of the Minister for the Environment, Heritage and Local Government to contact the Senator to bring him up to date on the position. Given its responsibility to the entire State, the Government cannot single out a project in a given city, regardless of its merits. I am confident, however, that the project to which the Senator...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: I gather section 15 is the relevant section.

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: Section 25 amends section 198 of the Taxes Consolidation Act 1997 which exempts certain interest payments to non-residents from the charge to Irish income tax. The purpose of the amendment is to extend this exemption to payments of interest on wholesale debt instruments as well as to discounts received on financial instruments issued by an Irish company or investment undertaking. In both...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: Section 15 amends section 819 of the Taxes Consolidation Act concerning tax residence of individuals. Currently, an individual is only regarded as in the State for a day for tax residence purposes if he is present in the State at midnight on the day in question.

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: Section 15 addresses the Cinderella rule. I gather the Senator raised a question on this issue when we reached section 13.

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: Is it possible, in addressing section 25, to provide information on another section?

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: Revenue monitors the arrangements for persons who are not resident for tax purposes using a risk management method.

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: I am advised that fines are not imposed. A person is regarded as being in Ireland for a day if he or she is present in the State at 11 p.m. This also applies to sportspeople.