Results 29,141-29,160 of 35,973 for speaker:Pearse Doherty

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: That was my original question. How can one dispose of it and let it at the same time?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: One would have to let it for a period of time?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: I am concerned about this section. The Minister spoke earlier about where we were in respect of the market in Dublin. There is an issue with supply in that regard. Is it not fair to say the extension encourages investors to seek and buy properties because they will not be subject to capital gains tax if they meet the requirements laid down? Demand is being increased at a time when we have...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: I welcome the fact the Government will compile a report on this as it is confident that it is correct in this regard. This should be done in a joined-up approach to cover other areas in question. The question is are certain companies aggressively using mechanisms within the tax code to write down their taxable profits and, accordingly, paying a low tax rate. The suspicion is that it is a...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: This is a substantive amendment, replacing section 40. This has happened before with the Bill. When there are such amendments, the sub-committee should receive a memorandum on them.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: Does this amendment allow a farmer to dispose of land to persons outside of his or her family and still claim the relief?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: The section was always confined to a child of a farmer. This is wealth the farmer has accumulated. Why should we allow this be introduced?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: Only one couple out of seven, namely John and Mary, were affected by the budget.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: The Minister believed it was a brilliant budget; that is why. My point is that we do not want fictional Johns and Marys but data on the real Johns and Marys. We can do this in respect of income when we put all the Johns and Marys together. Statistics can be obtained on a certain proportion without giving away their identities. We can do the same for corporations. Research and...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: May I answer the Minister of State's question?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: The question can be answered. If the Minister was willing to do this, we can get our heads together and look at how we can present the data in a way that does not reveal the personal taxation issues of any company. Going back to my quote about statistics, one can dig deep into them. Recently The Irish Times carried a report which stated, in terms of the top 1,000 companies in the State...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: This debate will continue and I note there are differing views, even among the members of this small sub-committee on finance. Each of the three members on this side has very different views on corporation tax. I am not trying to raise or decrease the rate in this amendment. As the Minister of State is aware, Sinn Féin's position is to maintain the rate of 12.5% and not to raise or...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: We know whose fault that is.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: I should let the Minister of State know that if I had my way, he would be paying a lot more than that.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: The point is one cannot get information on an individual's effective tax rate. Similarly, I do not seek the individual tax rate for Apple, Google, Microsoft or the company down the street producing goods or providing services. Instead, I seek an analysis of the effective tax rates. This can be done for income tax and it has been beneficial because when members discuss income taxes, they...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: I move amendment No. 68: In page 60, between lines 6 and 7, to insert the following: “39. The Minister shall, within three months of the passing of this Act, prepare and lay before Dáil Éireann a report on the effective rate of tax charged to domestic businesses in this state and separately to multinational corporations, and analyse the impact of this Finance Act with regards...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: Will it interfere with the sitting of the committee?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: I will not make a speech on the matter. There will, obviously, be no loss to the State, but there should be a projected gain to it as a result of the implementation of this measure.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: Therefore, what was happening was that companies which were incorporated and tax resident in Ireland were shifting profits to non-tax resident companies that were also incorporated here. Now, however, they will all be tax resident here, but there will be no financial gain to the State.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Pearse Doherty: I agree with the Minister in terms of-----