Results 22,521-22,540 of 35,894 for speaker:Pearse Doherty

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: I am not suggesting they be taxed retrospectively but in the future. The Minister is setting the criteria for licensing options granted on or after 18 June 2014. Changing the date allows him to tax them from hereon. For example, under the regime I entered into in 2004, there was property tax. The Taoiseach said that would have been immoral. Therefore, even before Fianna Fáil was...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: When somebody invests €3 million in an industrial building in south County Dublin and the Minister says he needs to increase the rate of corporation tax to 14%, is he penalising after the fact, or is it the legitimate right of a Government to increase taxes at any point, given the circumstances of the time, on profits that will accrue from hereon? I know that the Minister is not...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: On direct lobbying on this section or matters related to it, apart from the report about which the Minister spoke that was published in June, to what other lobbying was the Minister or his Department subject?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: In this section the number of days is extended from 20 to 46. What is the motivation behind this change?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: I move amendment No. 40:In page 35, between lines 29 and 30, to insert the following:“25. The Minister shall, within nine months from the passing of this Act, prepare and lay before Dáil Éireann a report on options available for the introduction of strict antiavoidance measures within the construction sector, with regards to bogus self-employed workers.”. This...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: When will action be taken on this? A working group has been established with the Revenue Commissioners to look at whether the legislation is fit for purpose. Many Deputies have raised the issue of JJ Rhatigan, which has only recently been resolved. This issue did not appear last month. As the Minister indicated, there have been changes in how employment is now conducted with...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: That is an intention to get to public consultation. When will the end of the process be? I presume something will be published when it concludes

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: So we are getting to the point at which we want to be

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: I know that, obviously. However, this is to deal with the wider issues and the changes required to deal with them. Is that correct?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: On the section, can the Minister outline the expected impact on jobs of this measure? Will it result in increased taxation? Has the position in this regard been quantified?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: The question is on the change here. While the change is technical, it clarifies the issue in terms of residence for the purposes of the Irish-USA double taxation treaty. Has it been quantified? Does he believe this has a been a barrier to these funds locating here? Is there any indication that the clarification provided by this amendment will lead to greater jobs and increased taxation as...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: Who was raising the uncertainty? Was it Revenue or the funds industry?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: Will the Minister outline the rationale behind this section? Where is the proposal coming from in terms of the enhanced industrial buildings allowances? Who is behind this section?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: The scheme was envisaged originally under the Finance Act 2013 but never materialised as a result of rules on state aid. There was quite a bit of argument or discussion or debate at the time that it should be extended, in particular, if memory serves me correctly, to benefit Ireland West Airport Knock. That was obviously not agreeable to the Government and the Minister at the time. The...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: Why the change of heart?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: Were state aid rules the reason for restricting it to certain airports originally?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: This is not intended as a reflection on any individual or group of individuals but an item was introduced in a Finance Bill two years ago which seems to have run foul of the state aid rules and has had to be altered. Given the type of investment involved, the potential jobs and so forth, how difficult is it, when one sits down to deal with a change in the taxation code, to see that it runs...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: I understand the state aid rules. My question, to put it bluntly, is this one. Why did the Minister's Department not understand in 2013 that this measure was going to run foul of the rules?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: Was there any consultation? Is there a chance to have a consultation to get a feel for it if it is not that clear?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (17 Nov 2015)

Pearse Doherty: I move amendment No. 42:In page 40, between lines 6 and 7, to insert the following:“27. The Minister shall, within nine 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...