Results 27,381-27,400 of 35,959 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Pearse Doherty: I would like to read something to the officials. I am sure they are involved in drawing up answers to parliamentary questions on behalf of the Minister. I tabled a question to ask the Minister for Finance to explain how an application under the direct recapitalisation instrument of the ESM would calculate the amount that would have to be required at a time of recapitalisation by the State...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Pearse Doherty: In respect of head 1, for what exactly will the legislation allow? The general scheme states it will allow for the inclusion of an instrument for direct recapitalisation. Are we being asked in the legislation to incorporate a specific amendment to enable the board of governors to come up with an amendment or will the instrument be written into the legislation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Pearse Doherty: What legal status will the guidelines of the instrument have?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion (24 Sep 2014)

Pearse Doherty: On how this will work, we had an example earlier in which one of Ireland's institutions had a capital shortfall. Do the delegates agree that this is a far cry from separating sovereign and banking debt? This instrument will not separate them. Do they agree?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Double Taxation Agreements: Minister of State at the Department of Finance (24 Sep 2014)

Pearse Doherty: While I accept it is in compliance with international tax law, I would suggest it is not in keeping with the spirit of what has been agreed at the OECD in terms of moving towards greater spontaneous information exchange. I suggest that when Ireland signs up to it, there will be a requirement to change this article if we are still dealing at that time with double taxation agreements.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Double Taxation Agreements: Minister of State at the Department of Finance (24 Sep 2014)

Pearse Doherty: That is not the case when the Minister of State brings before us treaties that do not include the spirit of what the OECD is looking for in terms of spontaneous information exchange. The Minister of State's commentary in terms of Ireland wanting to be a leader in this area and its having been to the fore on this matter would be matched if the agreements before us today were more robust in...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Double Taxation Agreements: Minister of State at the Department of Finance (24 Sep 2014)

Pearse Doherty: It is leading and following at the same time.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Double Taxation Agreements: Minister of State at the Department of Finance (24 Sep 2014)

Pearse Doherty: There is nothing to prevent the Government following the UN model. Did the Department or the Minister consider the option of the UN model?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Double Taxation Agreements: Minister of State at the Department of Finance (24 Sep 2014)

Pearse Doherty: Would it be the Department's view that the UN model would be of benefit to Botswana as a developing country?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Double Taxation Agreements: Minister of State at the Department of Finance (24 Sep 2014)

Pearse Doherty: I appreciate that. The exchange of information has been referenced earlier in terms of the plans of the OECD. Those plans incorporate spontaneous information exchange and a move towards multilateral tax treaties. Why does the Government pursue bilateral agreements with countries that do not involve the spontaneous exchange of information?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Double Taxation Agreements: Minister of State at the Department of Finance (24 Sep 2014)

Pearse Doherty: The Minister of State mentions the standards are not in place. Is he saying no double taxation treaty has provision for spontaneous information exchanges that we can replicate?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Double Taxation Agreements: Minister of State at the Department of Finance (24 Sep 2014)

Pearse Doherty: My question is not whether we are compliant. Ireland has rightly supported the OECD plans for spontaneous information exchange. In the future, these double taxation treaties, which are intended to be multilateral, will have spontaneous information exchange. Today, what is presented to the committee does not include spontaneous information exchange. This is operating in other jurisdictions....

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Double Taxation Agreements: Minister of State at the Department of Finance (24 Sep 2014)

Pearse Doherty: Is the current test not that the information is foreseeably useful in the future? It is not a case of spontaneous information exchange as envisaged by the OECD BEPS programme.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Double Taxation Agreements: Minister of State at the Department of Finance (24 Sep 2014)

Pearse Doherty: Is the Minister of State telling the committee that spontaneous information exchanges are part of the agreement between Botswana and Ireland?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Double Taxation Agreements: Minister of State at the Department of Finance (24 Sep 2014)

Pearse Doherty: That is not the question. Clearly exchange of information is part of this double taxation treaty. Spontaneous information exchange is something different and something the OECD wants us to pursue. To put it simply, does this agreement comply with what is envisaged in the BEPS proposal on spontaneous information exchange?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Double Taxation Agreements: Minister of State at the Department of Finance (24 Sep 2014)

Pearse Doherty: Can the Minister of State point out the article in the order which would allow that to happen?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Double Taxation Agreements: Minister of State at the Department of Finance (24 Sep 2014)

Pearse Doherty: Where is spontaneous information exchange dealt with in Article 26?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Double Taxation Agreements: Minister of State at the Department of Finance (24 Sep 2014)

Pearse Doherty: I had thought from the Minister of State's replies there might have been a further provision. Article 26 provides - and this is the caveat - that competent authorities of the contracting states shall exchange such information as is foreseeably relevant for carrying out the provisions of this agreement or to the administration or enforcement of domestic laws. The BEPS programme - this is...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Double Taxation Agreements: Minister of State at the Department of Finance (24 Sep 2014)

Pearse Doherty: Is the same type of spontaneous information exchange included in other agreements with member states?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Double Taxation Agreements: Minister of State at the Department of Finance (24 Sep 2014)

Pearse Doherty: Is it the Minister of State's view, in terms of the OECD's plans on spontaneous information exchange, that Ireland complies with them entirely? Is it his view there will be no requirement to make changes as Ireland is doing this already?