Results 31,281-31,300 of 35,932 for speaker:Pearse Doherty

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: I will be bringing forward amendments on Report Stage which I have not previously tabled and withdrawn. I reserve the right to resubmit some of them. I will be tabling amendments relating to the aviation sector and VAT.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: If it is good for the goose, it is good for the gander.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: If that is the case, I wish to do likewise and take the same opportunity.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: Is this our last opportunity to vote?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: I thank the Minister of State, Deputy Hayes, and the Minister for Finance, Deputy Noonan, for being forthright and for agreeing to take on board and examine some of the issues about which we have had concerns. I thank the officials in particular for their work during the past two days and for the two briefings provided beforehand. While we have very different views on the Finance Bill, I...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: Sorry, which of my amendments have been ruled out of order?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: It is out of character for the Acting Chairman to be ruling people out of order.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: Yes, but Deputy Mathews has the Chair. Can I challenge that ruling?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: I wish to challenge the ruling. Can the Acting Chairman not overrule the previous ruling?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: At the end of the day, this concerns a benefit that somebody may get in the future. It is better to reduce these benefits. They are still being left with a massive exemption.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: This section deals with the lowering of the thresholds for capital acquisitions tax, which I welcome. The Minister of State has moved in the right direction. The alternative budget we submitted to the Department called for the lowering of them and increasing the rate which he has also done in section 82(1)(b) to 33%. In my amendment, which was ruled out of order, there was further scope to...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: The fact is there are people who are willing to go to extremes to make a statement. While we do not know what is going on in people's heads, there are those who go to certain extremes to make a statement about their dissatisfaction at the way the country is run. While my amendment has been ruled out of order, there are ways in which to generate more income that can relieve the pressure on...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: While it is fine keeping the matter under review, the problem is that in the here and now we could bring in millions of euro to the Revenue that would allow the State to do other things or lessen the burden on other measures already introduced. The capital acquisitions tax is made up of two elements, the inheritance tax and the gift tax. A person does not have a choice as to when he or she...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: I am not sure it is for the Department of Transport, Tourism and Sport. My point is whether we are getting-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: -----bang for our buck on this. The point I made earlier is that we all pay attention to the export figures because if the country is exporting, down the line it should create jobs if businesses are going well. The aviation leasing sector makes up €6 billion of our export figures annually. I believe the question is one for the Department of Finance. The jobs in the aviation sector...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: The issue in terms of the aviation leasing sector is one that needs to be examined and reviewed. The State has had huge success in attracting in aviation leasing business. Some 50% of all aviation leasing happens in this State. Figures show that 35 such companies operate in this State employing 1,000 people. A very small number of people are employed given that those in this business have...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: It is a funds issue. When we are talking about 3,000 planes, €80 billion worth of merchandise that has been leased out and 50% of this business being in this State, we need to focus on how we maximise its potential. A review of this industry by the Department is needed to examine how we could maximise the potential without jeopardising the funds we are currently getting from it. I...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: There is a need for a review of this business. The State has been successful in bringing 50% of all of this leasing business to this country but there is a need for a review of it to ensure that we maximise the potential of it without losing any of the investment we currently have. I ask that such a review be carried out and presented to this committee before the enactment of next year's...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: My understanding is that we are looking for some administration in this area. With an invoice or settlement request a piece of paper is provided. The agricultural community is seeking for the PPS number to be on such a piece of paper. This is to avoid transactions on the black market. It is like anything else. If one buys something from an advertisement in a newspaper or from any...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (Resumed) (7 Mar 2013)

Pearse Doherty: I will withdraw the amendment on the basis of what the Minister of State has said.