Results 29,721-29,740 of 35,924 for speaker:Pearse Doherty

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements with Ukraine and Dominica: Motion (19 Sep 2013)

Pearse Doherty: I thank the Minister of State.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements with Ukraine and Dominica: Motion (19 Sep 2013)

Pearse Doherty: I thank the Minister of State for attending the committee. He will note there is great interest in this subject. What has prompted the agreement with Dominica at this time? I ask the Minister of State to explain the background to this agreement. It is State policy to have as many double taxation arrangements as possible but I query why this agreement has been arranged now and the events...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements with Ukraine and Dominica: Motion (19 Sep 2013)

Pearse Doherty: Which state, Ireland or Dominica, was more eager to achieve this agreement?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements with Ukraine and Dominica: Motion (19 Sep 2013)

Pearse Doherty: The committee is dealing with the issue of corporation tax and countries which would have been deemed to be tax havens at one time but are no longer so because of the OECD criteria. Exchange of information is one of the aspects of efforts to avoid the definition of a tax haven. It was put to the committee that some of these areas have participated in what would be in reality cosmetic...

Mortgage Arrears: Motion [Private Members] (18 Sep 2013)

Pearse Doherty: I will be moving an amendment to the motion.

Mortgage Arrears: Motion [Private Members] (18 Sep 2013)

Pearse Doherty: While previous speakers spoke about hypocrisy, there cannot be enough debate in the Chamber about the mortgage arrears crisis. The more we debate the issues involved, the more we can come up with solutions. There is no perfect solution, however, because the crisis is too big, but by focusing on it I hope the Government and the Central Bank will be encouraged to act. It is welcome that the...

Order of Business (18 Sep 2013)

Pearse Doherty: I wish to raise two issues with the Taoiseach. On the proposal that was agreed by the Cabinet on the banking inquiry, could he give the House an indicative timeframe as to when a committee will be appointed and established to hold the inquiry? I accept the terms of reference are in the gift of this House but I wish to hear whether the Taoiseach expects the inquiry to get under way this year...

Order of Business (18 Sep 2013)

Pearse Doherty: I will finish on this point. The statutory requirement to have Second Stage passed will extend to January of next year. Why is it proposed to have only two days of debate on Second Stage, and is it the intention of the Government to guillotine the finance Bill? Could the Taoiseach give an assurance that the finance Bill, which will give effect to the budget – another tough budget as...

Order of Business (18 Sep 2013)

Pearse Doherty: They were guillotined in previous years.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)

Pearse Doherty: The committee discussed the effective tax rate quite a bit yesterday. It would be useful to put to Mr. Gary Tobin the point made yesterday by me and the professor from Trinity College. Mr. Tobin has not circulated his presentation but I assume it is the one that shows the effective tax rate in the State is 11.8%.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)

Pearse Doherty: I fully agree. Another report shows the effective tax rate in this State is 6%. Other estimates are way higher. I ask my question because the Department relies on an effective tax rate of 11.8%. It provides information to the Minister that relies on a rate of 11.8%.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)

Pearse Doherty: It is the World Bank study.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)

Pearse Doherty: What figure is in the presentation Mr. Gary Tobin said he was going to circulate?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)

Pearse Doherty: Very good. I do not believe anybody would believe multinationals are paying 14.4%.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)

Pearse Doherty: It is a good effort anyway. Why does the Department or the office of the Revenue Commissioners not actually collect the information and analyse the profits of multinational companies? Why do they not examine the trend in transfer pricing, the growth in group holding companies and the number of incorporated non-resident accounts? If our effective tax rate is so close to the rate of 12.5%...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)

Pearse Doherty: It would be very helpful if that information could be furnished to the committee.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)

Pearse Doherty: Is it not questionable? These multinational companies' profits remain the same - their profits actually dipped over the five-year period - but the royalties they ship out of the country for intellectual property has nearly doubled. From looking at this here, it is clear that multinational companies know how much tax they want to pay in this State and they are keeping their tax payment...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)

Pearse Doherty: I have one final simple question. I will not go into the effective tax rate because I do not think we have time but I would like to go into that. It is a quick question. On the investigation that has been launched by the European Commission, we can play around with words stating that it is requiring information, etc. It is requiring information about specific companies. I note that the...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)

Pearse Doherty: That is not the question I asked. The question I asked is about assurances of changes. For example, hypothetically speaking, I am asking them to state that the Revenue or the Department did not say, for example, that it was giving such companies an assurance that Ireland will not change its tax residency position. We are aware there is aggressive tax planning in the State. There must be...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)

Pearse Doherty: Yes, I wish to come in on a few points, although I may not get the time to do so. It is a pity there has not been a greater attendance of the membership at today's meeting as both players are central to the hearings. If I have time, I will come in on the question of corporation tax and the effective tax rate. I have a question regarding the Revenue Commissioners and non-resident...