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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: I am speaking but the Chair has continually interrupted me.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: I am moving an amendment.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: I am moving an amendment and the rules are that there is no time limit imposed on members of the committee.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: Please stop interrupting me, Chair, when I am in the mid-flow of a sentence in relation to-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: Check the record. When is the last time I referenced what the late Brian Lenihan said when he introduced section 396? How many times have I repeated that?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: No, I have not.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: I have not. I am making a comment.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: This is unbelievable. The Acting Chairman has done this continually when I am mid-flow in a sentence.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: I am glad that the Chairman has rejoined us. That is not a reflection on Deputy Michael D'Arcy. I have simply requested a report on many of the facts surrounding this issue and fully appreciate that it is an issue of timing. What is happening is that banks are being treated like any other business and allowed to carry forward losses indefinitely. What the late Brian Lenihan had the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: I will withdraw the amendment and continue the discussion on Report Stage. The relevant information that is missing is that if this were to revert back to what the late former Minister, Brian Lenihan, had introduced in the National Asset Management Agency Act 2009 the impact it would have on the capital position of the banks is not here and that would inform the debate as to whether this...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: I would appreciate that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: It is not a simple issue and it has been going on for years. Certain individuals will feel they will benefit from designation as self-employed, even though it will be bogus self-employment. They would not look at the impact of having no sick leave or the protection given by PRSI, and some employers would be of the same view. The Government has acknowledged that there is an issue. The...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: We are having our annual discussion on the living city initiative, our old friend from Finance Bills past. When it was first proposed, it was to be a pilot scheme for Georgian Dublin. Then for a couple of years Brussels was sizing it up, changes were proposed and we had a much wider scheme, including residential and commercial elements. Now it is for any building although previously it was...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: County Leitrim is full of such accommodation.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: However, there are no renters there.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: Exactly.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: I am completely opposed to this amendment. It is coming from the Institute of Directors in Ireland, IoD, which has been peddling this idea for quite a while and now it has been proposed by Deputy McGrath. I would fall into the category of Ciarán Hancock's view on this; the Government should tell this group of elites to take a hike. Hancock's article has given us examples of some of...

Written Answers — Department of Finance: Mortgage Book Sales (10 Nov 2016)

Pearse Doherty: 17. To ask the Minister for Finance the plans of State backed banks to sell mortgage loan books to third parties; and if he will instruct these banks to only sell to regulated and reputable parties. [34030/16]

Written Answers — Department of Finance: Consumer Protection (10 Nov 2016)

Pearse Doherty: 36. To ask the Minister for Finance his plans to modernise the consumer protection regulations and laws as they relate to financial products; and his views on whether the Central Bank is the appropriate body for this consumer protection role. [34031/16]

Written Answers — Department of Finance: Corporation Tax (10 Nov 2016)

Pearse Doherty: 43. To ask the Minister for Finance his views on the EU Commission’s proposed common consolidated corporate tax base; and if he will make a statement on the matter. [34033/16]

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