Results 2,981-3,000 of 6,798 for speaker:Rose Conway-Walsh
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (10 May 2023)
Rose Conway-Walsh: I will start with social insurance. The commission recommended that the PRSI rate paid on self-employed income should be aligned with the higher rate of employer's PRSI, which is 11.05%. Was that unanimous among commission members?
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (10 May 2023)
Rose Conway-Walsh: Could Professor Moloney provide the commission's assessment of the current level of employer's PRSI in a wider European context and how it should change in the years ahead?
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (10 May 2023)
Rose Conway-Walsh: The Joint Committee on the Implementation of the Good Friday Agreement is considering the constitutional future, including economics, taxation and welfare. Three weeks ago, Dr. Tom Boland and Dr. Ciara Fitzpatrick appeared before that committee. They made the point that we never really sat down and looked at the values that underpinned our tax and welfare system and suggested that there is...
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (10 May 2023)
Rose Conway-Walsh: Dr. Roantree is the right person, so.
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (10 May 2023)
Rose Conway-Walsh: Therefore, it could form the basis of a whole other piece of work that really needs to be done from an all-island perspective. One of the main questions people have concerns what our tax and welfare systems will look like. This might be a job for everyone to do in the future. My next question, on social welfare rates, is related more to the upcoming budget than the commission's specific...
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (10 May 2023)
Rose Conway-Walsh: Gaps in the data were mentioned. What data were missing? Where should they come from? Who needs to gather them right now for us to make calculations in the future?
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (10 May 2023)
Rose Conway-Walsh: It is the Department of Finance that should be tasked with that. Have there been any moves made on it since the commission identified that within its report?
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (10 May 2023)
Rose Conway-Walsh: They are looking at you, Ms Vaughan.
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (10 May 2023)
Rose Conway-Walsh: We look forward to progress in that area. Those are probably all my questions for now. Is there anything anyone would like to add before we conclude?
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (10 May 2023)
Rose Conway-Walsh: I thank you all for your work.
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (10 May 2023)
Rose Conway-Walsh: That is good. We got your communication here inviting submissions to the CSO. Something we put in for both committees at my suggestion was around trying to get better congruence North and South so that we can do the comparatives there.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Examination of EU Fiscal Rules (Resumed): Irish Fiscal Advisory Council (10 May 2023)
Rose Conway-Walsh: On the capacity constraints in particular, we have had several discussions around the National Training Fund because obviously, we are coming up to having €1.5 billion in the National Training Fund. How will that be treated under the new fiscal rules? There seems to be a real confusion at the moment from the Government about if and how it can mobilise that fund. That was never...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Examination of EU Fiscal Rules (Resumed): Irish Fiscal Advisory Council (10 May 2023)
Rose Conway-Walsh: That is what we are trying to get at. I am trying to get at how the Government operates. The fund is currently invested in Exchequer notes at commercial rates. The Exchequer notes are liabilities of the Irish State similar to treasury bills, or T-bills. If we put money into, say, the National Reserve Fund or the National Training Fund, as it is currently stored, that would increase the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Examination of EU Fiscal Rules (Resumed): Irish Fiscal Advisory Council (10 May 2023)
Rose Conway-Walsh: Exactly.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Examination of EU Fiscal Rules (Resumed): Irish Fiscal Advisory Council (10 May 2023)
Rose Conway-Walsh: Yes. How far does the proposed fund diverge from the Norwegian fund model or is it precisely the same?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Examination of EU Fiscal Rules (Resumed): Irish Fiscal Advisory Council (10 May 2023)
Rose Conway-Walsh: That is because they handled their oil and gas properly.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Examination of EU Fiscal Rules (Resumed): Irish Fiscal Advisory Council (10 May 2023)
Rose Conway-Walsh: Yes, Mr. Barnes is right. Norway has the experience and we can learn from it how its model or strategy has evolved over two decades. I attended the conference in question. We have asked the former Governor of the Central Bank to attend a meeting of the Committee on Budgetary Oversight to tease out some of those issues because we can learn from doing so. I disagree with what Mr. Barnes...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Examination of EU Fiscal Rules (Resumed): Irish Fiscal Advisory Council (10 May 2023)
Rose Conway-Walsh: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Examination of EU Fiscal Rules (Resumed): Irish Fiscal Advisory Council (10 May 2023)
Rose Conway-Walsh: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Examination of EU Fiscal Rules (Resumed): Irish Fiscal Advisory Council (10 May 2023)
Rose Conway-Walsh: Yes, and that type of investment will ensure growth in the future in some of these towns. We heard that the advice given on the EU fiscal rules was unsound. I ask Mr. Barnes to elaborate on the aspects of the rules that were unsound. What does IFAC mean by unsound?