Results 261-280 of 4,715 for speaker:Neale Richmond

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Insolvency Compensation Bill 2024: Committee Stage (3 Jul 2024)

Neale Richmond: No.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Motor Insurance Insolvency Compensation Bill 2024: Committee Stage (3 Jul 2024)

Neale Richmond: That is not in my gift. The Deputy knows better than I that there is a very busy legislative schedule but we asked the Chief Whip to get this to this as soon as possible, potentially next Wednesday. I thank the Leas-Chathaoirleach and the committee for this session, particularly for allowing us to go into private session to provide clarification. I hope it will be next Wednesday, all going...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Double Taxation Relief (Taxes on Income) (Jersey) Order 2024 and Double Taxation Relief (Taxes on Income) (Sultanate of Oman) Order 2024: Motion (3 Jul 2024)

Neale Richmond: I am pleased to be here today to bring before the committee two draft Government orders giving force of law in Ireland to a new double taxation agreement with Oman and, separately, a new protocol to the existing limited-scope double taxation agreement with Jersey. The new double taxation agreement with Oman was signed by ambassador H.E. Gerry Cunningham, Ireland’s representative to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Double Taxation Relief (Taxes on Income) (Jersey) Order 2024 and Double Taxation Relief (Taxes on Income) (Sultanate of Oman) Order 2024: Motion (3 Jul 2024)

Neale Richmond: Does the Deputy want me to answer her questions individually or as a block?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Double Taxation Relief (Taxes on Income) (Jersey) Order 2024 and Double Taxation Relief (Taxes on Income) (Sultanate of Oman) Order 2024: Motion (3 Jul 2024)

Neale Richmond: As stated, the protocol incorporates two minimum standards to combat the abuse of tax treaties as agreed under action six of the BEPS project, which relates to tax planning. The first is contained in Article 1 of the protocol and inserts a new preamble into the original agreement. The preamble contains an express statement emphasising the role of the treaty in combating abuse. The second...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Double Taxation Relief (Taxes on Income) (Jersey) Order 2024 and Double Taxation Relief (Taxes on Income) (Sultanate of Oman) Order 2024: Motion (3 Jul 2024)

Neale Richmond: It might be easier to answer them in a block, if that is all right.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Double Taxation Relief (Taxes on Income) (Jersey) Order 2024 and Double Taxation Relief (Taxes on Income) (Sultanate of Oman) Order 2024: Motion (3 Jul 2024)

Neale Richmond: Absolutely. I appreciate the technical nature of the questions. It is important to state that the treaty only covers a limited class, namely, the income of individuals. It does not cover corporations, as such, or businesses. It is just individuals. It is focused on that and allows for the usual sort of monitoring of individual compliance. The monitoring relates to what those sources of...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Double Taxation Relief (Taxes on Income) (Jersey) Order 2024 and Double Taxation Relief (Taxes on Income) (Sultanate of Oman) Order 2024: Motion (3 Jul 2024)

Neale Richmond: If they are paying their tax in Jersey, they should be domiciled there. That is how it works. If they are living in Ireland for an extended period, they are liable to pay tax here. However, if they are living in Jersey for an extended period, and that is where they are based and domiciled, they are liable for taxation in Jersey.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Double Taxation Relief (Taxes on Income) (Jersey) Order 2024 and Double Taxation Relief (Taxes on Income) (Sultanate of Oman) Order 2024: Motion (3 Jul 2024)

Neale Richmond: No. A person can only be resident in one country and he or she has to pay tax in the country in which he or she is resident. The treaty has very clear rules on that. It is quite similar in any example. A person cannot simply live here and pay tax in Jersey. If someone is primarily living here, he or she pays tax here. Equally, if he or she is primarily living in Jersey, there is nothing...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Double Taxation Relief (Taxes on Income) (Jersey) Order 2024 and Double Taxation Relief (Taxes on Income) (Sultanate of Oman) Order 2024: Motion (3 Jul 2024)

Neale Richmond: No. As I said, the treaty has very clear rules. This is the sort of thing the treaty seeks to prevent.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Double Taxation Relief (Taxes on Income) (Jersey) Order 2024 and Double Taxation Relief (Taxes on Income) (Sultanate of Oman) Order 2024: Motion (3 Jul 2024)

Neale Richmond: London is a bit different, as the Deputy will appreciate, because of Jersey's status in the United Kingdom. This is obviously a protocol between Ireland and Jersey. It would be inappropriate for me to comment on the rules of the Treasury, but it is a totally different situation for one thing and perhaps also a slightly different time as well with respect to the advent of double taxation...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Double Taxation Relief (Taxes on Income) (Jersey) Order 2024 and Double Taxation Relief (Taxes on Income) (Sultanate of Oman) Order 2024: Motion (3 Jul 2024)

Neale Richmond: Absolutely not. The agreement is designed to prevent that. It will help prevent that, and should do so completely.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Double Taxation Relief (Taxes on Income) (Jersey) Order 2024 and Double Taxation Relief (Taxes on Income) (Sultanate of Oman) Order 2024: Motion (3 Jul 2024)

Neale Richmond: None, other than to express gratitude to the Leas-Chathaoirleach, the committee and the secretariat for allowing us bring this swiftly to the committee's attention. We hope it will have a quick passage.

Report of the Select Committee on Budgetary Oversight: Motion (27 Jun 2024)

Neale Richmond: I welcome the opportunity to speak on the motion and thank Deputy Ryan, in particular, for proposing it and providing context for this very important debate. I thank the members of the budgetary oversight committee, especially those who are present for this debate on a Thursday evening, for compiling the report following their examination of the report of the Commission on Taxation and...

Hospitality and Tourism Sector: Motion [Private Members] (19 Jun 2024)

Neale Richmond: I thank the Deputies opposite for tabling this motion. I welcome the opportunity to discuss it and lay out a few issues. In the few minutes I have available to me, I would like to go through the motion itself, the challenges that have been cited, some of the responses that have been issued, some of the engagement we have had and to take the debate in the round. I would like to state for...

Hospitality and Tourism Sector: Motion [Private Members] (19 Jun 2024)

Neale Richmond: I have not even got 45 seconds into my speech.

Hospitality and Tourism Sector: Motion [Private Members] (19 Jun 2024)

Neale Richmond: If the Deputy listens to the entirety, he will be given a full response.

Hospitality and Tourism Sector: Motion [Private Members] (19 Jun 2024)

Neale Richmond: The Deputy will have a full response when I get a chance to respond. All things are taken into full and frank consideration because the Government recognises the importance not just of tourism but also the hospitality sector for the economy and the tens of thousands of people it employs directly across the country. The Deputies opposite have cited the Restaurants Association of Ireland. I...

Hospitality and Tourism Sector: Motion [Private Members] (19 Jun 2024)

Neale Richmond: In response to Deputy Nolan, I will be in Laois on 8 July and am happy to meet any business owners. I am also travelling to Kinnitty. I am sure the Deputy can understand why. I will meet a particular hospitality business there this month to discuss the impact of this. If the Deputy is available, I am happy to meet her. The last time I was in Clonmel, Deputy McGrath and I shared breakfast.

Hospitality and Tourism Sector: Motion [Private Members] (19 Jun 2024)

Neale Richmond: I am happy to meet him. It is always a pleasure. I will not be in Kerry until 22 July, but if I have both Deputies Healy-Rae meet me in Killorglin, I will be happy to see them then. I will be in Fexco and meeting the local credit unions. I will make time to meet any local hospitality businesses to discuss this issue. That offer goes to the Deputies opposite, whether in Louth or Donegal....