Results 20,501-20,520 of 35,894 for speaker:Pearse Doherty

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

Pearse Doherty: I move amendment No. 66:In page 23, between lines 20 and 21, to insert the following:"14.The Minister shall, within one month of the passing of this Act, prepare and lay before Dáil Éireann a report on options for the abolition of the Local Property Tax.". Amendment No. 66 supports our position that the local property tax, LPT, should be abolished. We believe it is not an...

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

Pearse Doherty: The Minister gave no indication of the recommendations of the 83-page report by Dr. Thornhill on needed reforms in 13 areas or when they would be carried out. All we have at this point in time is a date in November 2019 when the revaluation of the LPT liability will take place. All of us in this room know what that means. It means that nearly every household in the State will see an...

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

Pearse Doherty: I take the point and we can leave the amendments aside for a moment. There is the figure of 4% and the late payment is 8%, so it is usually a once-off when a person has not paid on time or decided not to pay and so on. The problem with the 4% figure is that it continues. It could apply to a person with a very low income, such as a pensioner, but with an expensive house in Dublin. The...

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

Pearse Doherty: I move amendment No. 69:In page 23, between lines 20 and 21, to insert the following:“14. The Minister shall, within six months from the passing of this Act, prepare and lay before Dáil Éireann a report on options available to restrict banks from carrying forward losses against taxable profits of the banks, which could result in many institutions paying no tax for the...

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

Pearse Doherty: The amendment is very clear. It asks the Minister to lay before the House a report on the options to restrict banks carrying forward losses against their taxable profits. These banks caused massive pain in this country. They are now profitable and should pay tax on those profits like anybody else. For the Minister to introduce measures in previous Acts which allowed them to carry over...

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.