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Public Accounts Committee: Business of Committee (15 Nov 2018)

Catherine Connolly: Not alone should NAMA know that but it has a duty to explain to us. We are not here to go through something minutely to try to find details. The onus is on every organisation that comes in here to disclose to us that everything has been done properly. It is being pushed the other way.

Public Accounts Committee: Business of Committee (15 Nov 2018)

Catherine Connolly: We can take the two together and make a decision.

Public Accounts Committee: Business of Committee (15 Nov 2018)

Catherine Connolly: Is that the Department of Employment Affairs and Social Protection?

Public Accounts Committee: Business of Committee (15 Nov 2018)

Catherine Connolly: I thought the Chairman said "housing".

Public Accounts Committee: Business of Committee (15 Nov 2018)

Catherine Connolly: Rent supplement comes under the Department of Employment Affairs and Social Protection.

Public Accounts Committee: Business of Committee (15 Nov 2018)

Catherine Connolly: I was confused because the Department of Housing, Planning and Local Government is down anyway.

Public Accounts Committee: Business of Committee (15 Nov 2018)

Catherine Connolly: The one I am looking at-----

Public Accounts Committee: Business of Committee (15 Nov 2018)

Catherine Connolly: I understand. So it is just the Department of Employment Affairs and Social Protection.

Public Accounts Committee: Business of Committee (15 Nov 2018)

Catherine Connolly: We get a quarterly report in Galway regarding long-term leasing, short-term leasing, RAS, HAP and rent supplement. The last is delivered under the Department of Employment Affairs and Social Protection and is being phased out, while all of the other schemes are under the Department of Housing, Planning and Local Government.

Public Accounts Committee: Business of Committee (15 Nov 2018)

Catherine Connolly: It is becoming clearer because all of the schemes are under local authorities except rent supplement, which is being phased out. All of the other schemes such as HAP, RAS, long-term and short-term leasing are under local authorities.

Public Accounts Committee: Business of Committee (15 Nov 2018)

Catherine Connolly: Yes. It is confusing but at least we are getting an overall picture. We know from the Comptroller and Auditor General that the HAP payment doubled to €300 million from one year to another and will increase to €431 million or €451 million next year. The voluntary housing associations and the number of schemes that are in operation are very confusing, as is dealing with...

Public Accounts Committee: Business of Committee (15 Nov 2018)

Catherine Connolly: I agree with the Chair in that regard. I was never interested in the approved housing bodies, but rather what the Department is doing, the amount of money and the governance issues.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9: Office of the Revenue Commissioners
Chapter 17: Revenue's Progress in Tackling Tobacco Smuggling
Chapter 18: Management of High Wealth Individuals' Tax Liabilities
Chapter 19: Corporation Tax Losses
(15 Nov 2018)

Catherine Connolly: Míle buíochas agus fáilte. Gabhaim buíochas as ucht na gcáipéisí uilig. Tá siad thar a bheith cabhrach dom agus tá siad léite agam. The witnesses are welcome. It is good to see gender representation; I applaud that. I believe it might be the first time that-----

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9: Office of the Revenue Commissioners
Chapter 17: Revenue's Progress in Tackling Tobacco Smuggling
Chapter 18: Management of High Wealth Individuals' Tax Liabilities
Chapter 19: Corporation Tax Losses
(15 Nov 2018)

Catherine Connolly: That is my second time so.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9: Office of the Revenue Commissioners
Chapter 17: Revenue's Progress in Tackling Tobacco Smuggling
Chapter 18: Management of High Wealth Individuals' Tax Liabilities
Chapter 19: Corporation Tax Losses
(15 Nov 2018)

Catherine Connolly: I presume we will again.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9: Office of the Revenue Commissioners
Chapter 17: Revenue's Progress in Tackling Tobacco Smuggling
Chapter 18: Management of High Wealth Individuals' Tax Liabilities
Chapter 19: Corporation Tax Losses
(15 Nov 2018)

Catherine Connolly: It is good to get and to read all of the documentation. The Comptroller and Auditor General's chapters are clear and helpful. That does not mean that one is not driven to smoking and drinking - legally, of course - after reading all of this stuff. At the core of this is the integrity of the tax system. It is important that people trust in the Revenue Commissioners and that they believe...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9: Office of the Revenue Commissioners
Chapter 17: Revenue's Progress in Tackling Tobacco Smuggling
Chapter 18: Management of High Wealth Individuals' Tax Liabilities
Chapter 19: Corporation Tax Losses
(15 Nov 2018)

Catherine Connolly: I am an ordinary person, and a TD. For myself and for people listening to this, assessing someone with assets of €50 million as a HWI seems like an extremely high threshold. When will the threshold be reduced, and what has led the witness to deciding to reduce it?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9: Office of the Revenue Commissioners
Chapter 17: Revenue's Progress in Tackling Tobacco Smuggling
Chapter 18: Management of High Wealth Individuals' Tax Liabilities
Chapter 19: Corporation Tax Losses
(15 Nov 2018)

Catherine Connolly: Presumably if a person is assessed as being worth over €50 million different resources and a different approach are required.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9: Office of the Revenue Commissioners
Chapter 17: Revenue's Progress in Tackling Tobacco Smuggling
Chapter 18: Management of High Wealth Individuals' Tax Liabilities
Chapter 19: Corporation Tax Losses
(15 Nov 2018)

Catherine Connolly: When will that decision be made?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9: Office of the Revenue Commissioners
Chapter 17: Revenue's Progress in Tackling Tobacco Smuggling
Chapter 18: Management of High Wealth Individuals' Tax Liabilities
Chapter 19: Corporation Tax Losses
(15 Nov 2018)

Catherine Connolly: Does Mr. Cody have any idea what the threshold will be reduced to? What is his opinion?

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