Results 31,341-31,360 of 35,932 for speaker:Pearse Doherty
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: What about island communities? Would the Minister be willing to look at that?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: Could this scheme not apply to island communities and to people there who want to do up their houses?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: How many properties are eligible for the scheme in each of these cities?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I am not opposed to the rejuvenation of Limerick city or any other city. It is something I would welcome and encourage and it is something we have proposed in our policy document. I have listened to the Minister's rationale and I understand one can recoup 100% over a period of ten years in respect of the investment made in a Georgian building. While a person obviously would need to have...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: The Minister wants to put some jam in it.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I spoke on the potential dangers of this scheme on Second Stage. My understanding is that if one owns a Georgian house in Limerick that fits the criteria specified by the legislation in terms of a Georgian house and one lives in the first and second floors of the house and have a business in the basement and on the first floor one can spend substantial sums upgrading the house and get 100%...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I welcome the commitment to review it at some point. The amendment was tabled in good faith to see if the scheme can assist the economy and certain sectors of the economy in a beneficial way. I note the Minister's comments on the IDA. Last year was a better year but the Minister must examine this point in respect of the Finance Bill. Just over 2.6% of IDA investment in the State last year...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I heard what the Minister has said, that the first of these schemes was put in place ten years ago but there has not been a great uptake. I also accept that the figures for 2011 are not available. I agree that if there is a Government commitment to review it then it does not need to be stated in legislation. My proposal would not delay an application for state aid approvals. I do not...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I move amendment No. 37: In page 48, between lines 27 and 28, to insert the following subsection:"(3) The Minister commits to examining and reviewing the Employment and Investment Incentive and Seed Capital Scheme in advance of Budget 2014, in particular with regard to its effect on employment levels and new jobs created." The incentive scheme is being expanded in the Bill. The incentive was...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: This section deals with the hybrid rate. Is it 30% with the donations?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: What is the view of the charitable organisations?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I did some of the numbers to see how the new rate would work out.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I stress that I used gardaí as an example. This is a way of making profit for individuals. If one has enough money to invest in an AVC, particularly at the latter end where one can invest something like 40% of one's income in respect of this year, this is how one basically avoids tax. When we develop a tax code, there will always be people who perhaps will not avoid tax but will...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: The State does not give people 41% tax relief on pension contributions so they can buy a new car. My point is that we should not facilitate them by not applying a USC charge which is applicable to all other pension drawdowns.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: There is a benefit that is accrued to them and as the Minister stated, it is a policy decision not to apply universal social charge USC, which does apply to other people who avail of their pensions. I am not arguing for everybody to be able to dip into their pensions, but the only people being facilitated under this legislation are those who have a moderate amount of income. They are not...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I will move on to another point, but I disagree with the substance of the Minister's point about it being their own money. A portion of it is their own money; the remainder is made up of the State's contribution through tax reliefs. I will come back to that. This is a question of fairness. When an individual who has put money into a pension fund draws that down, whether it is an AVC, an...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: We have discussed those amendments and I am not going to go into them in detail again. I will simply move them and withdraw them.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I move amendment No. 28: In page 28, subsection (6)(b)(i), line 30, to delete "€12,700" and substitute "€18,000".
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I move amendment No. 30: In page 28, subsection (6)(b)(ii), line 41, to delete "€12,700" and substitute "€18,000".
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Pearse Doherty: I move amendment No. 31: In page 28, subsection (6)(b)(ii), line 43, to delete "€63,500" and substitute "€119,800".