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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: What about the timeline?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: Will the Minister clarify that point again? I am sorry, but I did not capture his comments fully.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: Yes. I have a question on the digital platform operators and the reporting obligations on them. There are reporting obligations on them where they facilitate the sale of goods or services on the platform. Can the Minister clarify that this does not involve digital platform operators that are involved in the listing of goods or services for sale but do not actually participate in the sales...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: On section 88, I have a concern about this because this measure has been looked for by my own party for many years. Indeed, others have called for a residential zoned land tax, RZLT. There has been delay after delay withy it and it was finally legislated for in last year's Finance Bill. There was a lead-in period that was significant, some would argue. However, there was a process that...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: The UTPR comes in one year after the implementation of the income inclusion rules and then, because of this section, the transitional UTPR safe harbour allows for America to not come under that provision for another year. I do not want to get sidetracked by that. We have discussed the safe harbour provision that is very much aimed at countries that have a tax rate above 20%, and it gives...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: Therefore, we should be able to see the level of all three taxes that are generated in future years on a group basis.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: Notwithstanding concerns about implementation in different jurisdictions, and I hope that the OECD's base erosion and profit shifting, BEPS, process will be implemented faithfully by all those who have signed up, it is a significant piece of legislation. When I read in the media that the Finance Bill was going to be €800 I thought about packing my sleeping bag and flask but I was glad...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: There was one question I meant to ask. When this tax is applied to companies under this scope, how much additional revenue is expected to come in as a result of these sections in this Bill?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: I do not think I have ever dealt with a section in a finance Bill where a Minister for Finance was not willing to say how much the section, for which we are legislating - and we are not legislating for Pillar 1 - would actually accrue to the State. Is there a reason? We know Pillar 1 will have a negative effect. Pillar 2 will be more than €2 billion but what are the calculations?...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: I need to come back in here. We are not legislating for Pillar 1. Pillars 1 and 2 are separate now in law. We have signed up to it and the intention is to legislate for it. This committee is passing Pillar 2 into law. It is fair and reasonable for this committee, which is tasked with scrutinising this legislation, to ask for this information and to ask about the effect of this...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: I am forced to say that I do not accept that. The Minister could provide an estimate for Pillars 1 and 2 combined but cannot tell us that if they are separate components. That makes no sense. I am not asking for an accurate figure. Who knows what the accurate figure would be at the end of the day? However, the Minister could provide an estimate. We would not be doing our job if we did...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: If the two pillars together are €2 billion, then there has to be a calculation for Pillar 2 somewhere. That figure was probably outdated because this was done two years ago.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: That is fair enough. I appreciate that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: I, too, intend to bring amendments on Report Stage. At this late hour, I thank the Cathaoirleach and the officials for facilitating the committee. I also thank the Minister for his attendance here. There are other engagements the Minister missed as a result of being here and he did not have substitutes. That is very important in legislation like this. The Minister has taken it right...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Pearse Doherty: What level of information will be available to us as legislators and policymakers on the level of QDMTT that has been applied to different companies? Without naming or identifying any company, as we fast forward into 2026 will we be able to sit here and say that corporation tax receipts were "X" QDMTT for "X" year and was "X" amount, and the operation of the income inclusion rule by Irish...

Housing: Motion [Private Members] (7 Nov 2023)

Pearse Doherty: Fine Gael has been in power for 12 years and since 2016, it and Fianna Fáil have delivered eight housing budgets together. In that time, the housing crisis has only worsened. It has mutated into a social disaster. As we have heard, the average house price has increased by more than €70,000 since this Government took office, thereby pushing homeownership beyond the reach of far...

Written Answers — Department of An Taoiseach: Passport Services (7 Nov 2023)

Pearse Doherty: 96. To ask the Minister for Foreign Affairs and Trade if a first-time passport application (details supplied) for a child will issue on time for travel; and if he will make a statement on the matter. [47377/23]

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