Results 21,281-21,300 of 37,017 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: The final point in that 2011 reasoned opinion was made in the context of the financial impact of the directive to national policies. It stated, "No EU legislation should be proposed that indirectly impacts on national sovereignty as a means of remedying any negative financial impact that flows therefrom." Whether we agree or disagree with it, this is an issue of national sovereignty, as...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: Will there always be the policy of unanimity after one's sovereignty is given away and these matters are pooled? When changes are being made to the base, will Ireland retain a unanimous vote in this regard even though sovereignty has been pooled? Perhaps that is above Mr. Hession's-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: My final question relates to table 39, which deals with the impact of this proposal on tax revenues by tax type. I assume Mr. Hession is familiar with this table as part of the analysis.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: He has already responded to a question asked by Deputy Michael McGrath about the ESRI economic outlook that was published yesterday. As the ESRI publication draws on the 2011 proposal, we are not comparing the same things. We will stick with table 39, if Mr. Hession does not mind, because it is based on the Commission's assessment of the current proposal. It suggests that if this proposal...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: What is the 0.14% reduction in corporation tax as a percentage of GDP in round figures? What is the actual reduction?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: I thank Mr. Hession.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: I want to ask about the proposal for the common consolidated corporate tax base, CCCTB. Has it distinguished between trading profits and non-trading profits?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: So there will only be profits?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: In Mr. Zuijdendorp's statement he said, "I should also clarify from the outset that the CCCTB stays away from the issue of tax rates". That is simply not true because the witness is saying that if this measure goes through one of Ireland's tax rates is gone; it is either the 25% non-trading income or the 12.5%. One of them is gone because two rates cannot exist. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: Can I ask Mr. Zuijdendorp why does he come before the committee - and I am sorry if I sound a bit hostile - and make a statement such as this, which is a blatant attempt to pull the wool over politicians' eyes by saying, "We are not going to touch your rates", knowing well that one of the rates has to go if this proposal comes in to effect. It is not right and it treats this committee and...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: The companies, however, for which this measure is mandatory, will have to do away with their existing tax rates.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: Yes. Exactly. With respect, Mr. Zuijdendorp is trying it again. We know there is going to be a parallel system. There will be the existing system for companies that have the threshold of below €750 million and there will be the CCCTB, which means that one of the rates under the existing tax law will have to go. A bit of honesty is required in this debate. It is important. If the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: So Ireland will actually lose two of our tax rates. It is likely that the 33% and the 25% rates would go and we will have one rate for these multinational companies with turnover of above €750 million, which is the 12.5% rate.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: For the 50 companies in the State to which the mandatory inclusion would apply there are currently three different tax rates apply to their profits. Does Mr. Zuijdendorp accept that point so far?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: Under this proposal, which the Commission says stays away from rates, Ireland would only be allowed to apply one rate to those profits?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: Yes, we can decide what the rate is, but only one rate.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: Can I ask how the Commission arrived at the point, as illustrated in the model, where this measure would result in a reduction of around €250 million of corporation tax, which has been 0.14% of GDP.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: We have had a discussion with the Revenue and the Department and I questioned them as to whether they stood over the data set the Commission used in this model and they did not dispute the figures because they have not dealt with them in detail. I am finding it difficult to hear some of the previous exchanges we had with Revenue, but I believe it talked about 50 companies in Ireland would...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: Is the business data being used by the Commission the data of all the businesses instead of the businesses that would be captured?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)
Pearse Doherty: It is, therefore, completely-----