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Water Services Bill 2013 [Seanad]: Report and Final Stages (7 Mar 2013)

Peter Mathews: As it is now 1.30 p.m. I am required to put the following question in accordance with an order of the Dáil of this day: "That Fourth Stage is hereby completed and the Bill is hereby passed."

Topical Issue Matters (7 Mar 2013)

Peter Mathews: I wish to advise the House of the following matters in respect of which notice has been given under Standing Order 27A and the name of the Member in each case: (1) Deputy Michael McCarthy - the need to review the way in which the formula for those in receipt of family income supplement is renewed; (2) Deputy Mary Lou McDonald - the need to reinstate urgently the child minding advisory officer...

Child Care (Amendment) Bill 2013 [Seanad]: Second and Subsequent Stages (7 Mar 2013)

Peter Mathews: Could I ask Deputy McGrath to reconsider his use of the word "stole" and use another term?

Child Care (Amendment) Bill 2013 [Seanad]: Second and Subsequent Stages (7 Mar 2013)

Peter Mathews: We have an understanding that misappropriation is different from stealing so we should stay with misappropriation.

Written Answers — Department of Justice and Equality: Proposed Legislation (7 Mar 2013)

Peter Mathews: To ask the Minister for Justice and Equality the progress being made in the consultation process relating to the laws on prostitution which he hopes to introduce; and if he will make a statement on the matter. [12037/13]

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Peter Mathews: Given that at least one in four cigarettes is contraband, the fines and penalties imposed on those who are caught carrying, shipping or selling contraband tobacco appear to be low. I do not know if this matter comes within the remit of the Minister as it may overlap with the portfolio of the Minister for Justice and Equality. An express provision stipulating that any shipper who is shown to...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Peter Mathews: I have in mind fines for shippers rather than the people caught with contraband tobacco products. If such fines were in place, shipping agents would have to scrutinise their cargoes much more closely. One would then have citizens engaged in policing the problem rather than only having the Garda policing it.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Peter Mathews: The issue may stray into the remit of the Department of Justice and Equality.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Peter Mathews: In other words, it relates to people in the business of transport.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Peter Mathews: In effect, limited partnerships can make investments without paying VAT. Is that it?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Peter Mathews: To whom? Which others?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Peter Mathews: The question to ask is who are the people who form the investment limited partnerships? Then we would get a good idea of why.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Peter Mathews: I seek clarification on investment limited partnerships. During the period of the so-called property boom a large number of investment limited partnerships were set up to buy office blocks, let them and take capital allowances and so on. I imagine the departmental officials will be better able to say "Aye" or "Nae" to these questions. Are these the vehicles we are talking about? Do they...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Peter Mathews: I understand financial services, including insurance, banking and so on, are outside the VAT scheme. Who forms investment limited partnerships? What equity goes into them?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Peter Mathews: Are they big funds?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Peter Mathews: With regard to information which might prove helpful, we could take samples across companies - in the context of their size - industries, etc., in respect of the amount of tax charged and the actual profits made. This would allow us to determine effective rates and people would know what is the position.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Peter Mathews: The previous contributions were excellent, especially those from Deputies Boyd Barrett and Doherty. The Revenue Commissioners, in their up-to-date returns from tax-paying companies and even companies that legally avoid paying tax, have the information and they could supply the so-called eyes wide open type of material about which we want to know, including the number of companies, the...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Peter Mathews: Yes, but we should request that.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Peter Mathews: Deputy McGrath used an important word, namely, metrics. In respect of the securitisation activities of certain companies in the IFSC, I had dealings with them some years ago. There would be $5 billion balance sheets at these companies that are literally just a brass nameplate. They are in Dublin, the directors are resident in Dublin and the transactions are being done on a monthly basis by...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Peter Mathews: Specifically on the risk equalisation levy that is the subject of this section, the policy holder will have to pay only once in a year, whether for a renewal or a new policy. The distribution of that levy among the players in the industry probably-----

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