Results 20,201-20,220 of 36,355 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Pearse Doherty: Most companies would obviously pay tax on their profits accrued in a certain jurisdiction. The companies Apple Sales International, ASI, and Apple Operations Europe, AOE, have paid no tax anywhere in the world.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Pearse Doherty: We hear these throwaway remarks that are very good and clever. The public who are not accountants believe that the US company profits are taxable in the United States. However, is it not the case that every single US company that has its headquarters in the United States is taxable in the United States if it moves its profits back to the United States after paying tax in Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Pearse Doherty: The difference with these two companies incorporated in Ireland is that, unlike all the other US companies here, they did not pay any tax either in Ireland or anywhere in the world. They could invest their profits anywhere in the world outside of the US without paying tax.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Pearse Doherty: There is no requirement on them to repatriate the profits. They could invest in energy, in buying Supermac's, or whatever they want. There is no requirement on them. Sometimes it is put out that they are taxable in the US. There is no requirement on any US firm to repatriate its profits after it has paid tax to the headquartered member state.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Pearse Doherty: Mr. Phillip Bullock is the head of tax policy in Apple. Given that Apple Inc. is one of the largest, if not the largest, company in the world, I would imagine he knows his business. He gave sworn testimony before a US Senate hearing that there was an arrangement with the Irish Government which allowed for the taxable profits to be calculated at 2%. Does Mr. Redmond dispute that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Pearse Doherty: Is Apple a member of the American Chamber of Commerce Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Pearse Doherty: I am interested. I am not casting any aspersions on the character of the individual, but in sworn testimony before a US Senate hearing - I can read the transcripts if Mr. Redmond wishes but I am sure he is familiar with them - he speaks of a special tax arrangement. When he was asked under questioning from Senators, he said that was 2%. I think Mr. Tim Cook followed that up in that there...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Pearse Doherty: For the record, the head of tax operations contradicted that in sworn testimony to the US Senate hearings to say there was a special tax arrangement and the CEO of the company said there was a tax incentive package. We have sworn testimony in the US Senate, which let the cat out of the bag, according to the Commission, which led to this investigation. We have others who dispute that. I am...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Pearse Doherty: I will pick up on that point with Mr. Keegan who in his opening statement mentioned the independence of the Revenue Commissioners. He has also done so on his own blogs. Will he enlighten the committee on the legislation about which he talked? Why was legislation enacted in this House to deem that the Revenue Commissioners were independent? Why did that only happen a couple of years ago?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Pearse Doherty: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Pearse Doherty: I appreciate the clarification. The reason I have asked Mr. Keegan about that matter is I have huge respect for the Office of the Revenue Commissioners, as I mentioned when its representatives were before us, but I think it got it seriously wrong in this instance. We are, however, also looking through the lens of the past. Let us look at the years when the judgment or tax ruling was made....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Pearse Doherty: As I have made clear, I am not suggesting there was political interference. However, I do take issue with delegates continuing to refer to the independence of the Revenue Commissioners and the need to defend it without noting that the Moriarty tribunal found that there was political interference. Because of the level of that political interference the House was required to introduce...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Pearse Doherty: Will Dr. Stewart comment on the same matter?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Pearse Doherty: Will Mr. Keegan give us an explanation? We have legislation in place to deal with section 110 companies and will see how effective it is. Why is KPMG still promoting to companies that they should locate here as Irish-headquartered companies and that they can pay zero tax, depending on the vehicle used?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Investigations into Tax Rulings (resumed) (7 Feb 2017)

Pearse Doherty: I will put my last question to Mr. Clarken and Mr. Redmond. I am aware that on the day of the Apple ruling, the CEO of a medical devices company operating here received a call from the CEO at the company's headquarters asking him whether the company had invested in the wild west. The CEO was concerned about the reputational damage that might ensue if Ireland was involved in practices of this...

Order of Business (7 Feb 2017)

Pearse Doherty: The Dáil has spoken on this issue.

Order of Business (7 Feb 2017)

Pearse Doherty: The Government needs to follow up.

Written Answers — Department of Finance: Help-To-Buy Scheme Data (7 Feb 2017)

Pearse Doherty: 159. To ask the Minister for Finance the number of applications to date for the help-to-buy scheme as announced in budget 2017; and if he will make a statement on the matter. [5368/17]

Written Answers — Department of Finance: Help-To-Buy Scheme Data (7 Feb 2017)

Pearse Doherty: 160. To ask the Minister for Finance the number of applications for the hel- to-buy scheme that have been deemed valid to date; and if he will make a statement on the matter. [5369/17]

Written Answers — Department of Finance: Help-To-Buy Scheme Data (7 Feb 2017)

Pearse Doherty: 161. To ask the Minister for Finance the number of successful or pending applications for the help-to-buy scheme in categories (details supplied); and the total potential cost of the scheme in each category. [5370/17]