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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Kieran O'Donnell: That is why I want to strip it out.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Kieran O'Donnell: Dr. Lawless is basically saying that 50% of the exports of Irish export firms go to the UK but how much of the overall export figure for the 11%, which is the total amount of exports, is made up of indigenous companies?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Kieran O'Donnell: Is there a value on that 50%, in billions of euro per annum?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Kieran O'Donnell: How big is that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Kieran O'Donnell: Perhaps the witnesses could provide the analysis. I hear much of the discussion and I know intuitively that the bulk of the exports go from the indigenous Irish sector. What percentage of that 11% is from the indigenous sector? To reverse that, what percentage of our imports come from the UK?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Kieran O'Donnell: Following on from that, in a no-deal Brexit what would be the exposure to multinationals moving some of their base from Ireland to mainland UK? In many cases Irish-based multinationals would export through the UK. They would get a ferry there and drive through. Has that been much of a factor?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Kieran O'Donnell: That is good to hear. What do the witnesses believe will be the outcome in terms of a trade deal between the EU and the UK and its implications for Ireland? What is their overall view of the state of the Irish economy? The Irish Fiscal Advisory Council report came out today. The witnesses might give their perspective on how the Irish economy is doing in respect of employment, the fiscal...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Impact of Brexit on Ireland's Economy: Economic and Social Research Institute (28 Nov 2019)

Kieran O'Donnell: Would Dr. McQuinn give his view in terms of the final part of my question?

Seanad: Finance (Tax Appeals and Prospectus Regulation) Bill 2019: Committee and Remaining Stages (3 Dec 2019)

Kieran O'Donnell: I am a slight bit behind. I wanted to speak specifically to section 18 on the living city initiative. I realise we have agreed it. Could I be indulged?

Seanad: Finance (Tax Appeals and Prospectus Regulation) Bill 2019: Committee and Remaining Stages (3 Dec 2019)

Kieran O'Donnell: My apologies. What I was just told was both good news and bad news. The bad news is that I was not aware which Bill we were on but the good news is that I will be able to bring up what I need to when considering the Finance Bill 2019 next. I thank the Chairman for his indulgence.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: This is a healthy debate, but the context is that we are operating globally and we must compete at international level. It is all about intellectual property and people coming back here and bringing experience with them. In many of the multinational companies that have thrived here, and continue to thrive, the top management is now Irish. One of the reasons they have stayed here and...

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: As I have seen on many occasions, we have kept multinational companies in Ireland because the top managers are based here and many of them are Irish. An expansion has taken place. There must be an element of looking at the overall market in which we are competing and assessing whether having this range of measures ensures that we retain jobs and create more of them in a specific area. On...

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: This is probably what we should be doing. We probably do not have enough time to have a debate at this level.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: I am just making a general point. The Senator's point is out of context. This is not about creating a rate within Ireland; it is about creating something that will bring extra jobs into the Irish economy.It is about creating something that would bring additional jobs into the economy. It is a particular measure. It may not even be a long-term measure. I disagree with Senator Higgins's...

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: With respect, you are taking an ideological viewpoint.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: I wish to finish my point. The Senator is making the point that this is a tax-avoidance measure and that it should come in the form of income and be subject to income tax at the higher rate. I see this as a practical measure that allows companies operating in a very competitive environment to retain key staff members who may move to another company abroad or at home. This particular...

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: I want to check. I might have the original. Section 18-----

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: Section 18 concerns the living city initiative.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: Which section deals with the living city initiative? Recommendation No, 3, which concerns a report on the review by the Revenue Commissioners on flat rate expenses does not appear to be in any way in sync with section 18.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: I want to speak on that recommendation but I do not want it passed.

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