Results 20,081-20,100 of 35,829 for speaker:Pearse Doherty
- Committee on Budgetary Oversight: EU Directorate-General Economic and Financial Affairs: Discussion (6 Dec 2016)
Pearse Doherty: Yes.
- Committee on Budgetary Oversight: EU Directorate-General Economic and Financial Affairs: Discussion (6 Dec 2016)
Pearse Doherty: I understand that.
- Committee on Budgetary Oversight: EU Directorate-General Economic and Financial Affairs: Discussion (6 Dec 2016)
Pearse Doherty: The headline is that the Commission is recommending expansionary policies, but that does not affect Ireland because the Commission is saying that Ireland has a high level of public debt and that there are signs of the country overheating. What the Commission is basically saying is to use the expenditure available to deal with that issue, which is investing in the long term rather than tax...
- Committee on Budgetary Oversight: EU Directorate-General Economic and Financial Affairs: Discussion (6 Dec 2016)
Pearse Doherty: I am going to come to that because it has been stated very clearly by the Commission, and indeed by most other external agencies, including our own Irish Fiscal Advisory Council. Before we move on from the type of expenditure that we should have, I am sure the Commission is looking beyond the economic data, or maybe it is not. We have huge challenges in this State. There has been an...
- Committee on Budgetary Oversight: EU Directorate-General Economic and Financial Affairs: Discussion (6 Dec 2016)
Pearse Doherty: I wanted to get to that point. My final question is on volatility in the tax base, with a particular focus on corporation tax, which Mr. Martínez Mongay mentioned. He has met Professor John McHale and our Minister, so these conversations are being had by the Commission, the Irish Fiscal Advisory Council, IFAC, and the Department of Finance. This is not a new issue. We have an above...
- Committee on Budgetary Oversight: EU Directorate-General Economic and Financial Affairs: Discussion (6 Dec 2016)
Pearse Doherty: Yes.
- Committee on Budgetary Oversight: EU Directorate-General Economic and Financial Affairs: Discussion (6 Dec 2016)
Pearse Doherty: May I ask about that? I mentioned how we would make capital investment. Given that capital investment does not commit itself each year, would it not be appropriate to use those increases in corporation tax by investing in capital? Doing that would break the European rules, however.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: I wanted to pick up on the core role of this committee. It is great to have the detail in terms of what is proposed and what the Department is thinking on this. We have a question to answer on the issue of subsidiarity and proportionality. We answered that question as a parliament in 2011. My colleague asked Mr. Hession a question in that context. He mentioned that the easy thing to do...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: Was the reasoned opinion something that was supported by the Department?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: Obviously, the line Minister supported this initiative and the Government signed off on this recent opinion at the time it was issued by the Dáil. I am asking about this in order to go through some of the issues. It is stated that it is not established by the Commission's proposals or impact assessment that 27 different national corporate tax systems inherently impede the proper...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: Yes. The reason I asked that question is because it would be fair to say that the Commission's argument at the time was that it was too complex across 27 member states and it needed to be simplified. However, the argument from the recent opinion is, "We don't agree with you in relation to that." The thrust of it now for those who are trying to put forward this new version of CCCTB is that...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: The final point in that 2011 reasoned opinion was made in the context of the financial impact of the directive to national policies. It stated, "No EU legislation should be proposed that indirectly impacts on national sovereignty as a means of remedying any negative financial impact that flows therefrom." Whether we agree or disagree with it, this is an issue of national sovereignty, as...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: Will there always be the policy of unanimity after one's sovereignty is given away and these matters are pooled? When changes are being made to the base, will Ireland retain a unanimous vote in this regard even though sovereignty has been pooled? Perhaps that is above Mr. Hession's-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: My final question relates to table 39, which deals with the impact of this proposal on tax revenues by tax type. I assume Mr. Hession is familiar with this table as part of the analysis.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: He has already responded to a question asked by Deputy Michael McGrath about the ESRI economic outlook that was published yesterday. As the ESRI publication draws on the 2011 proposal, we are not comparing the same things. We will stick with table 39, if Mr. Hession does not mind, because it is based on the Commission's assessment of the current proposal. It suggests that if this proposal...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: What is the 0.14% reduction in corporation tax as a percentage of GDP in round figures? What is the actual reduction?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: I thank Mr. Hession.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: I want to ask about the proposal for the common consolidated corporate tax base, CCCTB. Has it distinguished between trading profits and non-trading profits?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: So there will only be profits?