Results 3,361-3,380 of 35,540 for speaker:Pearse Doherty

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Pearse Doherty: On the substantive section, this is quite a major change and one we have campaigned for as regards the research and development tax credit being increased to 30%. As to how this should apply, we have argued that it should apply to SMEs. This will apply right across the board for all companies. Like our earlier discussion about pensions, there has been genuine consideration of concentration...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Pearse Doherty: There are two parts to this. I want to focus on this part, relating to the payable credits. Some questions have been asked by Deputy Boyd Barrett about the cost of this. I was waiting for the Minister to respond.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Pearse Doherty: I support the research and development tax credit. I do not agree with Deputy Boyd Barrett's comment that is an either-or scenario. The reality is that Ireland is way below par in investment in research and development. The fact we provide research and development support to companies should not be a reason not to invest in our universities, because I think the point being made is a very...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Pearse Doherty: Will the Minister repeat the last part of that again, if he would not mind?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Pearse Doherty: I am a wee bit confused with these numbers. I understand the numbers behind keeping the value of the tax credit at the value. If a company got €1 million of tax credit for €4 million of investment last year and if it does the same investment next year, it will still get the €1 million. If we did not do what we are doing here, it would only get €875,000 because...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Pearse Doherty: I would appreciate that. One would imagine that all of the companies with fewer than 250 employees were outside the scope. In that case, we are talking about €200 million under the research and development tax credit. If a 25% tax credit rate cost €200 million, I would have expected an increase to 30% to cost more than €13 million. I want to ensure that every company...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Pearse Doherty: I would appreciate that. My final point is that this shows that the research and development tax credit is seriously concentrated, more so than I imagine anyone on this committee expected. If the Minister is telling us that-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Pearse Doherty: Well, we have never had these figures before and, in fairness, Deputy Boyd Barrett has just been given figures for companies with more than 250 employees. Where the companies that are out of scope are concerned, if a 5% increase equates to €13 million, it means they are getting €65 million currently and all of the other tax credit, amounting to nearly €700 million, is...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Pearse Doherty: I will speak to the second part, which I did not speak to. While I support this section, the presentation of the costs is not true. This is a reduction for companies in tax liability that would otherwise be coming to us. It is €137 million. If we did not make this change in this section, the Exchequer would be €137 million better off. That is the cost of this section, and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Pearse Doherty: I move amendment No. 20: In page 53, between lines 28 and 29, to insert the following: “Report on establishment of Wealth Tax Commission 37. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the establishment of a Wealth Tax Commission to independently consider, having regard to the current taxation of...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Pearse Doherty: I will move the amendment on their behalf.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (7 Nov 2023)

Pearse Doherty: I move amendment No. 21: In page 71, between lines 23 and 24, to insert the following: "(3) Section 481 of the Principal Act is amended in subsection (2)(b), by the insertion of the following subparagraph after subparagraph (iv): "(v) a condition that the qualifying company shall, in respect of the qualifying film concerned, comply fully with the Copyright and Related Rights Act 2000...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (26 Oct 2023)

Pearse Doherty: The bombardment and total siege of Gaza in recent weeks has seen the death toll exceed 6,500 people. More than 17,000 are injured and the Palestinian ministry of health has officially declared the collapse of the healthcare system in the Gaza Strip. The people of Gaza face a humanitarian catastrophe. The call of the Taoiseach at today’s European Council meeting must be for an...

Ceisteanna ó Cheannairí - Leaders' Questions (26 Oct 2023)

Pearse Doherty: The Government's response to any of the crises that we point out to it is "but, but, but Sinn Féin". That is how the Government sums it up, that we have stopped all of this, that we are at fault for a housing crisis, despite the fact that the Tánaiste's partners in government have been in government for 12 years, and that Fianna Fáil-----

Ceisteanna ó Cheannairí - Leaders' Questions (26 Oct 2023)

Pearse Doherty: ----- has supported the Government for seven years. The Tánaiste's partners in government have been in government for 12 years, and Fianna Fáil has supported the Government for the last seven years. The Tánaiste can have his head as far in the sand as he wants but there are nearly 13,000 people in emergency accommodation. He talks about home ownership. There is an entire...

Ceisteanna ó Cheannairí - Leaders' Questions (26 Oct 2023)

Pearse Doherty: ----- just in case the Tánaiste does not know this, has missed his targets on social and affordable housing every single year for the last four years. That is the reality we have.

Ceisteanna ó Cheannairí - Leaders' Questions (26 Oct 2023)

Pearse Doherty: Am I wrong? Explain to me how I am wrong.

Ceisteanna ó Cheannairí - Leaders' Questions (26 Oct 2023)

Pearse Doherty: Explain it to me. Did the Minister, Deputy O'Brien, meet the targets on social and affordable housing?

Ceisteanna ó Cheannairí - Leaders' Questions (26 Oct 2023)

Pearse Doherty: I am interested to hear how the Government met the targets on social and affordable housing. This will be very exciting.

Ceisteanna ó Cheannairí - Leaders' Questions (26 Oct 2023)

Pearse Doherty: Fianna Fáil has made it worse.