Results 2,561-2,580 of 6,308 for speaker:Gerald Nash

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny: Irish Fiscal Advisory Council (22 Sep 2021)

Gerald Nash: That is fine. Is there potential to extrapolate, in as far as it is possible to establish this aspect, where this situation is going to land ultimately? I refer to the idea we may lose considerable revenue, as has been anticipated, because we are committed to signing up to Pillar 1 of the base erosion and profit shifting, BEPS, II process. If our minimum effective rate of corporate tax...

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny: Irish Fiscal Advisory Council (22 Sep 2021)

Gerald Nash: I am interested in this aspect because, to the best of my recollection, the figure of a potential €2 billion loss, and possibly the figures Mr. Barnes has given, may have arisen from an assessment that was done before any statement concerning what might, potentially, be the new agreed minimum effective rate. Would Mr. Barnes agree that there is potential for us to lose some resources...

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny: Irish Fiscal Advisory Council (22 Sep 2021)

Gerald Nash: The €2 billion figure has become received wisdom and it has not been challenged by anyone. That concerns me because we have not factored in any potential gains which may accrue from a marginally higher rate of corporate tax being applied. What I am hearing from Mr. Barnes is that IFAC has not done that assessment either. It may not have had the material available to allow it to...

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny: Irish Fiscal Advisory Council (22 Sep 2021)

Gerald Nash: Given the poor level of general Government expenditure, the priority ought to be investment in the kinds of capital infrastructure projects we all agree should be prioritised. Turning to carbon budgeting, and while that does not necessarily involve the fiscal or Exchequer position, does IFAC have an input into that process? I ask that because, in truth, we cannot separate the carbon...

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny: Irish Fiscal Advisory Council (22 Sep 2021)

Gerald Nash: That would be a useful evolution of the role of IFAC and important from a broad public policy perspective. In his opening statement, Mr. Barnes stated that to "To assess the risks, more information is needed on the Government’s investment plans and the underlying economic assumptions, particularly in relation to the new national development plan". We expect the revised national...

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny: Irish Fiscal Advisory Council (22 Sep 2021)

Gerald Nash: I thank Mr. Barnes.

Ceisteanna Eile - Other Questions: Tax Code (21 Sep 2021)

Gerald Nash: 8. To ask the Minister for Finance his position in respect of the OECD corporation tax reform process; and if he will make a statement on the matter. [44840/21]

Ceisteanna Eile - Other Questions: Tax Code (21 Sep 2021)

Gerald Nash: Amid all the noise on global corporation tax reform and the process, it is appropriate at this stage that the Minister would update the House on his engagement with the OECD on the global corporation tax process. He will be aware from the Labour Party submission to his Department's public consultation process, a process I called for and that I welcome, that our considered assessment is the...

Ceisteanna Eile - Other Questions: Tax Code (21 Sep 2021)

Gerald Nash: I thank the Minister for that reply. I have some appreciation of the situation he is in and I genuinely believe he believes the decision at this stage not to sign up formally to pillar 2 of the process is, as he sees it, in the national interest. We have two different, competing perspectives in terms of what the national interest is. That is informed, I believe, by our different political...

Ceisteanna Eile - Other Questions: Tax Code (21 Sep 2021)

Gerald Nash: I thank the Minister for further clarifying his position, and that is what I understood it to be. 9 o’clock My preference would have been that the State would have signalled our intention to fully sign up and explicitly support pillar 2 for a range of different reasons. I fear, because of the continued delay in us committing to signing up to pillar 2 - I appreciate the unknowns...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (21 Sep 2021)

Gerald Nash: I would be interested in establishing, insofar as the Minister can, what kind of prior knowledge Revenue had of this kind of arrangement? Has it signed off on it? Generally speaking, to the best of my knowledge and experience, Revenue would have knowledge of arrangements of this nature. Given the scale of the company, one would imagine Revenue keeps a very close eye on these kinds of...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (21 Sep 2021)

Gerald Nash: 2. To ask the Minister for Finance his views on the activities of certain companies (details supplied) in respect of corporation tax; if he will act to amend the Ireland-Malta tax treaty to ensure that companies can no longer use tax shelters outlined in a recent report to minimise their corporation tax bills; and if he will make a statement on the matter. [44846/21]

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (21 Sep 2021)

Gerald Nash: We should all be shamed by what we read last week. After the Minister learned of the single malt tax dodge in 2018, he moved to close the structure down. The Minister said in 2018 that the Ireland-Malta tax agreement would "eliminate any remaining concerns about such structures". Thanks to Christian Aid, we now know a knock-off version of the single malt is still available. Did the...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (21 Sep 2021)

Gerald Nash: I find it hard to understand or accept that the agreement is working in the way in which the Minister intended. The Minister of State, Deputy Fleming, responded to me in the Dáil last week and informed me that "One case is being discussed and the Revenue is keeping a close eye on that". What precisely was meant by that? Can the Minister confirm to the House that there are no other...

Planning and Development (Amendment) (20 per cent Provision of Social and Affordable Housing) Bill 2021: Second Stage [Private Members] (21 Sep 2021)

Gerald Nash: I welcome the opportunity to speak on Deputy Eoin Ó Broin’s Bill. Before I go into the meat of this, it is important that we reflect a little on the history and, indeed, performance in practical terms of the Part V provision since it was introduced over 20 years ago. The Minister of State touched on it briefly, to a point, in his contribution. I was a member of a local...

Written Answers — Department of Finance: Tax Strategy Group (21 Sep 2021)

Gerald Nash: 29. To ask the Minister for Finance the status of the publication of the tax strategy group papers; and if he will make a statement on the matter. [44842/21]

Written Answers — Department of Finance: Budget 2022 (21 Sep 2021)

Gerald Nash: 39. To ask the Minister for Finance his views on the pre-budget letter of the Governor of the Central Bank and the pre-budget submission by IFAC; and if he will make a statement on the matter. [44841/21]

Written Answers — Department of Finance: Budget 2022 (21 Sep 2021)

Gerald Nash: 46. To ask the Minister for Finance his views on the opinion expressed in the interim pre-budget report 2022 of the Committee on Budgetary Oversight that pension-related tax expenditures should be considered as part of the wider reform of the pension system; and if he will make a statement on the matter. [44843/21]

Written Answers — Department of Finance: Tax Avoidance (21 Sep 2021)

Gerald Nash: 185. To ask the Minister for Finance if his attention has been drawn to the fact that a company (details supplied) has been using a structure similar to the single malt tax avoidance structure to minimise its corporation tax bill; if the company received any assurances on the operation of this single malt type structure from the Revenue Commissioners; if his attention has been further drawn...

Written Answers — Department of Finance: Tax Avoidance (21 Sep 2021)

Gerald Nash: 186. To ask the Minister for Finance the assessment that has been carried out of the use for tax purposes of Irish registered companies tax resident in Malta since the signing of the Ireland-Malta Competent Authority Agreement in 2018 (details supplied); and if he will make a statement on the matter. [44891/21]