Results 2,581-2,600 of 5,388 for speaker:John Deasy

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office (18 Jul 2013)

John Deasy: It is a very important point. Mr. O'Sullivan has indicated that he does not envisage businesses in that situation moving over to the new system. In that case, we will have certain groups of businesses in Dublin, Waterford, Limerick and so on being valued under an entirely different system from other groups of businesses and having to wait five years to come under the new system.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office (18 Jul 2013)

John Deasy: If that were true, why bother with the legislation? Of course, it is not in fact the case. A different system is being brought in and there is good reason to introduce it.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office (18 Jul 2013)

John Deasy: I would expect Mr. O'Sullivan to say that, and it is fair enough in so far as it goes. I maintain, however, that we are facing into a major problem in places like Limerick, Waterford and Dublin. I understand the appeals rate in Dublin is some 40%. The bottom lines is that we are bringing in a new system, on grounds that have been well argued. Mr. O'Sullivan referred to streamlining...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office (18 Jul 2013)

John Deasy: When Mr. O'Sullivan talks about moving to self-assessment, he is talking about moving to a different system. It has been spelled out why this is happening.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office (18 Jul 2013)

John Deasy: Why then should we make the change in the first place?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office (18 Jul 2013)

John Deasy: I would make the case that it might be better not to do this valuation right now because of the damage it will do to a rate base which has shrunk too much as it is. The damage this will do to the economy across the board is not worth it. Mr. O'Sullivan made the point about the reason for doing this but I ask why legislation is being introduced. A vehicle was introduced in the Seanad which...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office (18 Jul 2013)

John Deasy: I presume there will be no impediment against the Department of Public Expenditure and Reform examining the information held by local authorities with regard to the impact of this revaluation process on small businesses. How has the Valuation Office carried out the impact assessment or analysis thus far?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office (18 Jul 2013)

John Deasy: That is fair enough. I presume Mr. Lynch understands my point that things have changed and are changing rapidly with regard to small businesses in this country. There is also a difference between Dublin and the rest of the country as regards the size of the economy. I refer to the implications of this revaluation on businesses that are barely hanging on. My concern is that this needs to...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office (18 Jul 2013)

John Deasy: They are all separate processes which are all related. Ultimately, they amount to a payment-----

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office (18 Jul 2013)

John Deasy: We understand the different processes and the different changes that are occurring because of legislation which is being introduced and future legislation which may be enacted. All these processes are related. Up until this week I discovered that everyone in government is saying it is nothing to do with them and that it is the job of the Valuation Office. The Department of the Environment,...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office (18 Jul 2013)

John Deasy: That is where the problem lies. There is no argument there. As Mr. O’Sullivan said, it is a technical exercise and analysis. The difficulty is that we are living in extraordinary economic times and these businesses cannot pay. I know that. When there is a 1025% increase for a clothes shop that has seen its footfall decrease by 50% there is a problem. There is a problem for...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office (18 Jul 2013)

John Deasy: That is fair enough. Mr. O’Sullivan is picking out particular examples to make his case. What people want to know is, considering where retail is right now, why is it the case that manufacturing and industrial ratepayers have seen a very substantial decrease while in many cases it is the retail sector that will see an increase when it is on its knees?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office (18 Jul 2013)

John Deasy: One of the issues about which we spoke with the Department of Public Expenditure and Reform was the 2011 date. There is a problem with that. The problem is that rental values have changed in the past two years and that is not taken into consideration in the new revaluations. That was accepted and the Department will examine that. It is a big issue.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office (18 Jul 2013)

John Deasy: Mr. O’Sullivan used examples. I will give him an example. One lady dropped her rents 30% in January and she made the point that the revaluation is based on October 2011 levels. I have been coming across these people over the past two years. Retailers in my home town - I know many of them - have told me that this year is the worst since this crisis hit, and the first three or four...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office (18 Jul 2013)

John Deasy: I understand that.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office (18 Jul 2013)

John Deasy: Not necessarily all. That is not true. Some subsets of the economy would not be, as opposed to others. Retail has gone down far more than any other.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office (18 Jul 2013)

John Deasy: I welcome Mr. O'Sullivan and his officials. I would like to thank him and Mr. Declan Lavelle for meeting me in Waterford recently. It was very informative. I am interested in this issue because of the revaluation process that is ongoing in Waterford and the impact it will potentially have on businesses there. Over the last two months, I have been trying to ascertain whether different...

Public Accounts Committee: Business of Committee (18 Jul 2013)

John Deasy: We spoke about the Law Reform Commission and how it could look at any specific lacuna in the law with regard to the prosecution of white-collar crime as it pertains to individuals. Will a letter be sent to the Law Reform Commission on that?

Public Accounts Committee: Business of Committee (18 Jul 2013)

John Deasy: That is great.

Public Accounts Committee: Business of Committee (18 Jul 2013)

John Deasy: We agreed on how to proceed on the banking report. I think we can take an alternative route to that proposed by Mr. Elderfield. We need to take a different road, rather than wait to deal with it and have it buried in a comprehensive consolidation of everything that has to do with banking.