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Public Accounts Committee: 2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 12 - Tackling Fuel Laundering
Chapter 15 - Taxpayer Compliance
2015 Revenue Accounts
(13 Oct 2016)

Seán Fleming: In regard to the Apple judgment and the reference to whether it got a special arrangement, was the arrangement it got - I do not intend to get into the merits or otherwise of it - available to other companies and, if so, did other companies utilise or avail of it?

Public Accounts Committee: 2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 12 - Tackling Fuel Laundering
Chapter 15 - Taxpayer Compliance
2015 Revenue Accounts
(13 Oct 2016)

Seán Fleming: It was not exclusively available. That was the high-profile company that availed of it, but can Mr. Cody say for the record-----

Public Accounts Committee: 2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 12 - Tackling Fuel Laundering
Chapter 15 - Taxpayer Compliance
2015 Revenue Accounts
(13 Oct 2016)

Seán Fleming: Some people are portraying it that way.

Public Accounts Committee: 2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 12 - Tackling Fuel Laundering
Chapter 15 - Taxpayer Compliance
2015 Revenue Accounts
(13 Oct 2016)

Seán Fleming: I am aware no two cases will be identical, but did any other organisations avail of that similar approach or was it just the one? I am not asking Mr. Cody for figures. I want to know was its use of it unique to it?

Public Accounts Committee: 2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 12 - Tackling Fuel Laundering
Chapter 15 - Taxpayer Compliance
2015 Revenue Accounts
(13 Oct 2016)

Seán Fleming: The sheriff will be coming in.

Public Accounts Committee: 2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 12 - Tackling Fuel Laundering
Chapter 15 - Taxpayer Compliance
2015 Revenue Accounts
(13 Oct 2016)

Seán Fleming: We will conclude, as this has been a long session. On behalf of the Committee of Public Accounts, I thank all the witnesses for participating in this part of the meeting and for the material they supplied to the committee. I ask for the specific items of information requested to be sent to us as promptly as possible. I propose that we agree to dispose of the following items: the 2014...

Public Accounts Committee: Business of Committee (13 Oct 2016)

Seán Fleming: Before we meet Mr. Brian Rowntree, a member of the NAMA Northern Ireland advisory committee, I want to deal with the other items on the agenda. Are the minutes of 6 October agreed? Agreed. Are there any matters arising from the minutes? Nothing special arises today from the minutes. We will go through correspondence received since the last meeting. Items Nos. 91A and 101A cover...

Public Accounts Committee: Business of Committee (13 Oct 2016)

Seán Fleming: When will they be completed?

Public Accounts Committee: Business of Committee (13 Oct 2016)

Seán Fleming: In the meantime I will ask the secretariat to circulate the annual report to each of our members. It will save each of us going off individually to look for it. We will return to that topic.

Public Accounts Committee: Business of Committee (13 Oct 2016)

Seán Fleming: Will you be submitting that to the Minister for Education and Skills?

Public Accounts Committee: Business of Committee (13 Oct 2016)

Seán Fleming: The Minister will have up to three months to publish.

Public Accounts Committee: Business of Committee (13 Oct 2016)

Seán Fleming: We will certainly come back to this topic. Will the Comptroller and Auditor General be covering the fund in the Caranua organisation as part of the review?

Public Accounts Committee: Business of Committee (13 Oct 2016)

Seán Fleming: We are agreed on that. We will certainly come back to it. The next item is the work programme. Essentially we have agreed it. The Department of Social Protection is the only entity that has been scheduled for a normal meeting which will take place next Thursday. The Revenue Commissioners were here this morning. As there is no other business we will suspend briefly to allow the...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Seán Fleming: Today the committee will continue its examination of the Comptroller and Auditor General’s Special Report No. 94 on the National Asset Management Agency, or NAMA as it is better known, and its sale of Project Eagle. Project Eagle was the code name given to the sale of NAMA’s Northern Ireland loan portfolio. We have already had meetings with Comptroller and Auditor General on...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Seán Fleming: I thank Mr. Rowntree. The procedure is that members of the committee who have indicated will put some questions to Mr. Rowntree and, hopefully, he will be able to answer as best he can from his own direct knowledge. Members indicated in the following sequence: Deputy Cullinane; Deputy Catherine Murphy; Deputy Kelly; and Deputy Connolly. I call Deputy Cullinane.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Seán Fleming: Yes, it is on its way.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Seán Fleming: We will move on to the next questioner.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Seán Fleming: When Mr. Rowntree gave that response I smiled at the thought of NAMA being in a property for several years of one of its biggest debtors. I find that funny in terms of its head office.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Seán Fleming: Mr. Rowntree made a reference to the report of the University of Ulster which had been commissioned by NAMA and other banks. It was not a project commissioned by NAMA.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Seán Fleming: Mr. Rowntree received a presentation-----

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