Results 15,601-15,620 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Tax Data (9 Nov 2017)

Michael McGrath: 66. To ask the Minister for Finance his views on Ireland's role in structures that allow corporations to reduce their tax bill in view of the release of papers (details supplied); his views on the impact on Ireland's reputation; his plans to review current structures to prevent such practices; and if he will make a statement on the matter. [47604/17]

Written Answers — Department of Finance: State Banking Sector Regulation (9 Nov 2017)

Michael McGrath: 64. To ask the Minister for Finance if as a shareholder in State supported banks he or his predecessor's attention was drawn to offshore operations within these banks; the actions taken subsequently to stop the operations; and if he will make a statement on the matter. [47602/17]

Written Answers — Department of Health: Tobacco Control Measures (9 Nov 2017)

Michael McGrath: 167. To ask the Minister for Health his position in relation to the recently published draft Implementing Acts with regard to the Tobacco Products Directive 2014/40 EU track and trace articles 15 and 16; if a submission has been made to the European Commission on these proposals; and if he will make a statement on the matter. [47429/17]

Written Answers — Department of Housing, Planning, and Local Government: Local Authority Housing Mortgages (9 Nov 2017)

Michael McGrath: 276. To ask the Minister for Housing, Planning, and Local Government if the local authorities historically had or currently have interest rates on home loans that are linked to the ECB base rate and are, therefore, tracker mortgages; if he has satisfied himself that all borrowers are paying the correct rate of interest to their local authority; and if he will make a statement on the matter....

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Michael McGrath: I move amendment No. 43: In page 39, between lines 7 and 8, to insert the following: "Losses forward for financial institutions 22. The Minister shall within 6 months of the passing of this Act, prepare and lay before the Oireachtas a report on the potential impacts on restricting loss relief brought forward for financial institutions in Ireland.". This proposal relates to bank losses...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Michael McGrath: I accept the principle of losses forward in the corporation tax code. It is an important aspect of our corporation tax system and it should be preserved. There are exceptional circumstances here and that is why the issue must be examined. The reason I framed the amendment as I did is to tease out what the consequences would be of making a change. It is a timing issue but it is a timing...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Michael McGrath: I withdraw the amendment.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Michael McGrath: When this committees analyses the common consolidated corporate tax base, CCCTB, proposals, it should bear in mind a significant concern raised by the Revenue Commissioners and the Department of Finance, that Ireland has a broad tax base which would be narrowed considerably were the proposals to be introduced. That was one of the main points raised. It is clear that there is no consensus on...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Michael McGrath: This is a change we welcome. I welcome the section. Do we have a profile of the assets that have been purchased? I can see the Minister's official shaking his head. We do not have a breakdown of what was purchased during the window. The period of seven years is being reduced to four to make land available and remove any incentive to hoard it. Do we have any measure for what has been...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Michael McGrath: I might add to that before the Minister responds. Is it because section 28 amends the parent provision, which is a composite one on land and buildings, not only in Ireland but within the EU, that the Minister cannot divide them up? Is that the issue?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Michael McGrath: I will add a quick question to that. Does a person lose the exemption if he or she holds the asset for more than seven years?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Michael McGrath: I move amendment No. 57: In page 50, between lines 6 and 7, to insert the following: “Disabled Drivers and Disabled Passengers (Tax Concessions) (Amendment) Regulations 2015 50. Section 92(5) of the Finance Act 1989 is amended by adding: “ ‘qualifying organisation’ means a charitable organisation within the meaning of the Charities Act 2009 (No.6 of 2009)...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Michael McGrath: I thank the Minister of State. I am happy to withdraw the amendments in the hope we can make some progress on the matter between now and Report Stage. I am not seeking a radical redefinition of what has already been provided for. I can understand the Department's concerns, but there are schools the pupils of which all have special needs and many of whom have profound disabilities for whom...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Michael McGrath: I move amendment No. 59: In page 50, between lines 6 and 7, to insert the following: “Taxation treatment for self-employed contractors 50. The Minister shall within 6 months of the passing of this Act, prepare and lay before the Oireachtas a report assessing the taxation treatment of travel and subsistence expenses incurred by self-employed contractors, including but not limited...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Michael McGrath: To be clear on the interpretation of law, the position is that the cost of going from their home to their place of work on a project is not allowable in line with the position for employees generally, who do not get any tax reduction or tax break for the cost of travelling to work, and that costs incurred while they are there, such as accommodation and subsistence, are not allowed either.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Michael McGrath: Is the argument that those expenses are not wholly and exclusively for the purposes of the service they are providing?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Michael McGrath: Does that report examine this issue?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Michael McGrath: It does. It is not published yet but the Minister will be bringing it to Cabinet.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Michael McGrath: I will withdraw the amendment on the basis that the report is imminent. I will examine it and we will take it from there.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Michael McGrath: I move amendment No. 62: In page 52, after line 32, to insert the following: “VAT treatment in respect of children’s footwear and clothes 54. The Minister shall within 6 months of the passing of this Act, prepare and lay before the Oireachtas a report examining the options for reviewing, in respect of children’s footwear and clothes, the size limits that are...