Results 20,301-20,320 of 35,829 for speaker:Pearse Doherty

Post Office Network: Motion [Private Members] (16 Nov 2016)

Pearse Doherty: I welcome the motion and commend the Deputies for bringing it before the House. I am glad that there will be all party support for this motion. That sends a very clear signal. In the past two weeks I have been facilitating public meetings in my parish, Gweedore, where the post office network in Dunlewey, a strong Gaeltacht area and a very rural one, is out for public consultation...

Leaders' Questions (16 Nov 2016)

Pearse Doherty: Prices are jumping while those in the Government are twiddling their thumbs.

Written Answers — Department of Finance: National Debt (16 Nov 2016)

Pearse Doherty: 102. To ask the Minister for Finance regarding the recent strong rise in bond yields, a key measure of long-term interest rate expectations, if he has assessed the potential cost of rising interest rates on our national debt and economic growth over the coming years; and if he will make a statement on the matter. [35425/16]

Written Answers — Department of Finance: Corporation Tax Regime (16 Nov 2016)

Pearse Doherty: 103. To ask the Minister for Finance if he has conducted a risk assessment on the potential for a decrease in our corporate tax receipts in view of potential changes to the United States tax code; and if he will make a statement on the matter. [35426/16]

Written Answers — Department of Finance: Government Deficit (16 Nov 2016)

Pearse Doherty: 104. To ask the Minister for Finance his views on the ESRI's assertion that the structural deficit may be overstated due to a failure to adequately capture housing market developments. [35427/16]

Written Answers — Department of Health: General Medical Services Scheme Administration (16 Nov 2016)

Pearse Doherty: 206. To ask the Minister for Health if third level students may nominate a second or additional general practitioner to enable them to access GP services while attending educational institutions situated in areas which are not within reasonable travel distance from their homes, and thus, their local GPs; and if he will make a statement on the matter. [35504/16]

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Pearse Doherty: I thank the Minister's officials for their engagement with me and the persons working in my office on both this section 21 and section 11. It has been very helpful. Section 21 is very technical. We are expecting, as the Minister outlined, more amendments on Report Stage so we have to see how this eventually shapes up but the concern expressed by myself and others about section 110 companies...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Pearse Doherty: I am keeping to the substance of it because in terms of the Minister's amendments, much of it is taken in good faith in terms of his officials in the Department working in conjunction with Revenue. They have done as much as they can to close loopholes but there are two sides to this game and we have not yet seen the other side's play. That is why it is crucial that we have a report on the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Pearse Doherty: The basis of the question is that some section 110 companies will be affected by this and some will not because of the way in which they deal with assets for accounting purposes. I am asking the Minister of State if, because of the accounting cycle, there is any way for a section 110 company to revalue its assets in its balance sheet prior to section 21 coming in in order that it would not...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Pearse Doherty: I will put it like this. If a section 110 company has had a certain asset for four years which has been valued at €100 and has been increasing in value by 10% each year, and if the company has adopted a fair value approach, it has recognised that increase. The reason we got rid of mark-to-market is that the increase in the value of the assets would not be taxable and that companies...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Pearse Doherty: Again, William Fry's commentary on this mentions that the carve-out for a section 110 company involved in loan origination business is a welcome amendment. The commentary refers to the current demand regarding finance in some sectors of the economy, particularly the property sector. Will the Minister of State explain to us the impact or the effect that will have on a loan originator that is...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Pearse Doherty: Will the Minister of State explain that to me? I still do not follow why the loan originator is stripped out. Would the lending by the middle man, that is, the loan originator, be tax free under this amendment?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Pearse Doherty: Does that only apply in the case of a double tax agreement? An exemption should apply in that case because no tax would be due anyway. The Minister of State has given one example. Are there any other examples where tax would have been due and, because of this section, which deems the company a section 110 company, there is a carve-out-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Pearse Doherty: Yes. There are many countries with which we do not have double tax agreements.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Pearse Doherty: Okay. We will engage again on this between now and Report Stage.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Pearse Doherty: I wish to make a comment on the same issue. I know they are conservative figures but could the Minister of State give us some basis as to how the figures were calculated? Could I ask that we do not lump together the two different categories, the section 110s and the IREFs as they will be called or the QIFs and ICAVs? Could the Minister of State identify how much money he estimates will...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Pearse Doherty: What is the Minister of State’s best estimate?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Pearse Doherty: Is it considered that 90% of it will come from section 110s? Is it fair to say that the expectation is that it will be about 50:50 between funds and section 110s?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Pearse Doherty: I move amendment No. 99: In page 38, between lines 36 and 37, to insert the following: “22. The Minister shall, within six months from the passing of this Act, prepare and lay before Dáil Éireann a report on the effectiveness of this amendment which is intended to restrict the use of profit participating loans where they are used to finance business of section 110...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Pearse Doherty: Since 6 September, when must section 110 companies make their first, rather than final, tax returns to Revenue?