Results 1,541-1,560 of 49,836 for speaker:Stephen Donnelly

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: They are Professor Barry's figures. If we take the 11.1% from Professor Barry's presentation, the difference between that and the rate of 12.5% at 1.4% against a base of about €4 billion paid is a difference of about €56 million.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: Thereabouts.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: For the sake of mathematics, we will call it €4 billion. So 1.4% is €56 million. If we are to believe the 11.1%, we must also believe that €56 million is the amount of foregone corporation tax. That is what we would have to believe mathematically. Let us take a made-up example called GIZMO. GIZMO creates a holding company that is either resident here but non-resident...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: Therefore, this-----

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: This is why I have always struggled with these corporation tax effective rates because what we are saying is that around €50 million goes back to companies for proper research and development activity, let us hope. By the way, there are tens of billions of euro being made here which are almost entirely being funnelled out of the country or just not being paid anywhere and when we...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: That is an interesting effective rate. So the effective rate is 11.1% if we do not include all the tax avoidance?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: Sure.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: Just to be clear, I am not. I am just establishing a base that says 11.1% is our effective corporate tax rate ignoring all of the tax avoidance. My second point is an aside-----

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: By definition, absolutely. The point I am making, which is conveniently ignored when one talks about effective corporation tax in Ireland, is it is that rate ignoring all the tax avoidance. On a quick aside because I would not like anybody listening to think that Irish engineers do not add any value, I started off my life as a engineer out of UCD. While the science for the compounds for...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: I have no idea. I think that is important because it follows on to the next question. I would like to see and would love to know whether Professor Barry has seen an analysis of the quantums involved. As far as I can tell, there are four different types of tax paid and avoided in this country. I would like to hear Professor Barry's thoughts as to whether these four segments are correct....

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: I thank Professor Barry and take his point on segmentation. I am interested in getting the full picture. We have numbers, for example, 11.1%, €70 billion and so forth. However, I can find no figure for the X hundreds of billions of entering and leaving Ireland in those segments. Does Professor Barry know of anyone who has done such an analysis? It would give us a full picture of...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: Yes.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: This is why we have schools of economics in our universities. I thank the professor for his answers. Should we take any action unilaterally or should our approach be wholly a multilateral one? I believe he is saying that the correct approach for us is the OECD's one.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Sharing: Discussion with Trinity College (17 Sep 2013)

Stephen Donnelly: I thank Professor Barrett for his time.

Written Answers — Department of Finance: Departmental Agencies Issues (18 Sep 2013)

Stephen Donnelly: 157. To ask the Minister for Finance if he will provide in tabular form the number of silent SMS messages the Revenue Commission or any agency under his remit has instructed providers to send in the past three years and by network provider; and if he will make a statement on the matter. [37068/13]

Written Answers — Department of Public Expenditure and Reform: Flood Prevention Measures (18 Sep 2013)

Stephen Donnelly: 431. To ask the Minister for Public Expenditure and Reform if he will provide a full update on the River Dargle flood defence scheme, with specific reference to the delay in underpinning the Bray bridge, the design issue which has led to delayed progress around People's Park; when works in Area 5 from the N11 Bridge to Rehills land will be completed; and if he will make a statement on the...

Written Answers — Department of Social Protection: Community Employment Schemes Eligibility (18 Sep 2013)

Stephen Donnelly: 556. To ask the Minister for Social Protection if she is considering changing the duration after which a person on jobseeker's benefit can participate in a community employment scheme in view of the fact that the duration for which jobseeker's benefit is available has been shortened; and if she will make a statement on the matter. [36975/13]

Written Answers — Department of Social Protection: State Pensions Reform (18 Sep 2013)

Stephen Donnelly: 557. To ask the Minister for Social Protection if provisions will be put in place for workers retiring in 2014 who will no longer avail of the State pension transition and who will suffer considerable financial difficulty as a result; and if she will make a statement on the matter. [36978/13]

Written Answers — Department of Social Protection: Mortgage Arrears Proposals (18 Sep 2013)

Stephen Donnelly: 630. To ask the Minister for Social Protection the total number of borrowers who have obtained independent financial advice following a proposed mortgage resolution by their lender under the Mortgage Arrears Information and Advice Service; and if she will make a statement on the matter. [37725/13]

Written Answers — Department of Social Protection: Mortgage Arrears Proposals (18 Sep 2013)

Stephen Donnelly: 631. To ask the Minister for Social Protection the amount in total that has been paid to accountants for independent advice under the Mortgage Arrears Information and Advice Service; and if she will make a statement on the matter. [37726/13]