Results 29,881-29,900 of 35,924 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: I have a number of other questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: Let me just deal with the strategic defaulters. In respect of strategic defaulters, I note Mr. Duffy's explanation of how he defines them. He talks about people who have savings in a non-current account that would be in excess of their arrears. If I was in arrears for 90 days or more, my child was 16 years of age and about to go to college and I had to pay college fees and was making...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: The focus here is on the quarter. That is what the announcement was. There are targets set down for the banks. I ask Mr. Duffy to dispute this. Let us deal with the facts. The target by the Central Bank for the past quarter was 6,200 sustainable offers. Of those offers made to the bank that do not or may not involve the customer losing their home, there are 2,267. Is that fact?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: Mr. Duffy presented figures to the committee previously and I will dive into these again. In the year to date, on split mortgages, there were 1,600 offers. He may correct me if I am wrong, as there are so many figures. Seventeen of them have been completed or taken up. Would Mr. Duffy explain that again? It does not make sense. There is a significant appetite and much support for split...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: That is fair enough, but members have not seen the letters. Consequently, I can only make suggestions because Mr. Duffy claims these 5,894 letters make up part of the long-term sustainable solutions. I put it to him that under the regulatory regime announced and imposed on his bank, it must be a long-term solution. However, a letter to a customer asking him or her to engage is not a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: In response to Mr. Duffy, AIB has offered 8,600 long-term solutions to customers. Many people across the State were holding their breath in the hope these targets eventually would lead to something positive for those who were tearing their hair out night after night and who genuinely could not meet their mortgage repayments. The targets were supposed to be a wake-up call for the banks to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: I am sorry, 6,200 long-term offers. Excluding what I will call the engage or repossess letters, there have been 2,700 offers. Of these, 439 have been voluntary surrenders, which brings down the figure to 2,300 genuine engagements for people who can stay in their houses and who now know there is an offer from AIB. The bank has not exceeded the targets. It has not even reached or come...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: I welcome our guests to the committee. On the figures, I am a little frustrated. I said to Deputy McGrath earlier that the presentation was very detailed, but the subject of this meeting is not in the information the delegates are giving us. There have been numerous speakers, but what we are looking for concerns the last quarter. There was a regulatory requirement on AIB to offer...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Financial Sector: Discussion with AIB (3 Sep 2013)

Pearse Doherty: Yes. In terms of what we know about the figures for the first quarter, they were 143 splits; capital arrears, 917; term extensions, 153; voluntary surrender, 439, mortgage to rent, 33; trade downs, five; cash flow problems AIB has dealt with, 444; capital interest and additional, ten; and repossessions, 5,000. Where are the gaps in respect of the aforementioned 1,500 or what figures have I...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Global Taxation Architecture: Discussion with Director of the OECD Centre for Tax Policy and Administration (23 Jul 2013)

Pearse Doherty: I want to again ask about the potential of these recommendations. When will we see the effects on the ground? Mr. Saint-Amans referenced the 1998 report whose first recommendation was on foreign-controlled companies. We know from the Seanad hearings that there is a company incorporated here that has abused the system.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Global Taxation Architecture: Discussion with Director of the OECD Centre for Tax Policy and Administration (23 Jul 2013)

Pearse Doherty: The company has existed for over 30 years but has not paid a penny of tax anywhere in the world. The OECD's recommendation 15 years ago would have addressed the issue but was not implemented. How likely are we to see the recommendations fully implemented? What is the timeframe envisaged for the full implementation of these measures?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Global Taxation Architecture: Discussion with Director of the OECD Centre for Tax Policy and Administration (23 Jul 2013)

Pearse Doherty: A country must meet all five criteria of the definition to be a tax haven. For clarity, the OECD, Organisation for Economic Co-operation and Development, does not see any jurisdiction in the world as a tax haven. The reason I make this point is that the accusation made by the US Senate committee was that we share the space with Bermuda and the Cayman Islands. One of those jurisdictions has...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Global Taxation Architecture: Discussion with Director of the OECD Centre for Tax Policy and Administration (23 Jul 2013)

Pearse Doherty: We know there is support for this taxation plan in the OECD and the G20 countries. Can we expect this to be translated into domestic legislation? Considering this State’s heavy dependence on multinational companies from the United States locating here, would such a move have negative consequences for us?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Global Taxation Architecture: Discussion with Director of the OECD Centre for Tax Policy and Administration (23 Jul 2013)

Pearse Doherty: I commend Mr. Saint-Amans on the work he has done in this area and wish him every success in getting co-operation on implementing these measures. Another issue which has been in the public domain here and which was referred to by Mr. Saint-Amans is what is known as the double Irish Dutch sandwich. Is it possible for the State to end that practice and break that arrangement at this point in...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Global Taxation Architecture: Discussion with Director of the OECD Centre for Tax Policy and Administration (23 Jul 2013)

Pearse Doherty: Cuirim fáilte roimh an tUasal Saint-Amans. I welcome his contribution to the committee and particularly the last discussion about the justification, in the face of austerity, that multinational companies operating here and in other jurisdictions are paying a very low effective tax rate compared to the corporation tax rate we have set. As Mr. Saint-Amans has heard from other members of...

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Pearse Doherty: 64. To ask the Minister for Finance the the tax revenue generated through the aircraft leasing sector for each year since 2005. [35952/13]

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Pearse Doherty: 67. To ask the Minister for Finance the value of assets held by Irish registered companies in the aircraft leasing sector and the value of revenue generated by this sector for each year since 2005. [35955/13]

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Pearse Doherty: 65. To ask the Minister for Finance the tax revenue generated, and the over revenue and reported profits by the financial services sector here for each year since 2005. [35953/13]

Written Answers — Department of Finance: Financial Services Sector (18 Jul 2013)

Pearse Doherty: 66. To ask the Minister for Finance the total value of assets held by companies in the financial services sector for each year since 2005. [35954/13]

Written Answers — Department of Environment, Community and Local Government: Rural Development Programme Projects (18 Jul 2013)

Pearse Doherty: 487. To ask the Minister for Environment, Community and Local Government if a report on the investigation by the Ombudsman carried out in respect of a community project (details supplied) in County Meath has been communicated to his Department; if the Ombudsman has recommended to the Department the funding that should be paid in respect of the community project in question; if he will advise...