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Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Pearse Doherty: I see nothing wrong with this amendment but I would need to study the proposal in more detail if the amendment was accepted and if the effective tax rate were to be reduced for intellectual trading losses, and how this would affect job creation as mentioned by Deputy English. We discussed earlier a report on how tax reliefs might impact upon job creation. I take the Minister's valid point...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Pearse Doherty: I will return to the amendment but it was interesting to listen to what the Minister had to say on the 3% penalty we are paying as part of the bailout money. He said, rightly, the rates are fixed - he was one of the finance Ministers who fixed the rates at the ECOFIN meeting. However, the Minister told the House he did not even ask for a reduction in those rates. He was correct to say...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Pearse Doherty: It was not on offer because the Minister did not put the question.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Pearse Doherty: The Minister and his party have ample experience of negotiation, as does our party. One makes the demand, one listens to the response and continues to press for the demand and then after discussions or negotiations, one aims to meet somewhere in the middle. That is the art of negotiation. There cannot be negotiation if one does not make the demand. In this instance the demand was not made...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Pearse Doherty: The Minister made the demand.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Pearse Doherty: That is a change of position.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Pearse Doherty: It is. I am not convinced the Minister made the demand in the first instance because he has contradicted himself a number of times in the past couple of minutes. I reiterate the ECB does not want us to default on senior bondholders as many of the major banks in Europe would be liable for those bonds because of their reckless lending to the Irish banks. It is important that information is...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Pearse Doherty: I spoke in support of this amendment on Committee Stage. It is particularly welcome because it focuses on job creation, an area that is missing from the Bill. I tabled amendments on Committee Stage and have tabled further amendments on Report Stage. One of my Committee Stage amendments proposed a stimulus package for jobs. It would be illogical for the Government not to accept the simple...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Pearse Doherty: I do not want to be misinterpreted. I am saying that tax reliefs are valuable in certain circumstances. They are valuable if, as a direct consequence, they provide employment. As we have seen, however, tax reliefs can be damaging if they are not for the benefit of the economy or the people, but only a select few. Unfortunately, this country has been consumed by tax reliefs that have...

Finance Bill 2011: Motion. (27 Jan 2011)

Pearse Doherty: I rise to oppose the guillotine placed on Report Stage of the Finance Bill. I am conscious that last night the debate fell on certain sections.

Finance Bill 2011: Motion. (27 Jan 2011)

Pearse Doherty: This relates to the ordering of the business of the House today and the timeframe being set out for different stages. I raised the matter yesterday. We took 88 amendments in what is probably the most crucial part of the Finance Bill-----

Finance Bill 2011: Motion. (27 Jan 2011)

Pearse Doherty: -----in one hour and 20 minutes of debate. There is no reason not to allow it if Deputies want to allow the debate to continue later in the night. We are paid to be here and should stay until 11 p.m. or midnight. If the debate falls before that, so be it.

Finance Bill 2011: Motion. (27 Jan 2011)

Pearse Doherty: There should be flexibility and I oppose the ordering of the business of the House.

Finance Bill 2011: Motion. (27 Jan 2011)

Pearse Doherty: The Finance Bill is being rushed through within seven hours.

Finance Bill 2011: Motion. (27 Jan 2011)

Pearse Doherty: We did. The Deputy should look at the list.

Finance Bill 2011: Motion. (27 Jan 2011)

Pearse Doherty: She should read the amendments.

Finance Bill 2011: Committee Stage (26 Jan 2011)

Pearse Doherty: With regard to section 62 and the different rates of stamp duty, the reduction as regards lower valued properties is to be welcomed, since people on low incomes were being penalised. I know the Government is getting rid of the exemption from stamp duty for properties under €127,000, so people who buy a very small house worth, say, €80,000 to €100,000 or whatever will now be subject to...

Finance Bill 2011: Committee Stage (26 Jan 2011)

Pearse Doherty: Given the ticking clock and the limited time we have to deal with these matters I will try to keep my comments very brief. I enjoyed the final statement from the previous speaker and I wish her well in whatever course of action she takes in the future, as I do all retiring Deputies after the dissolution of the Dáil in the coming days. Perhaps the Minister of State can shine some light on...

Finance Bill 2011: Committee Stage (26 Jan 2011)

Pearse Doherty: On a point of order-----

Finance Bill 2011: Committee Stage (26 Jan 2011)

Pearse Doherty: We raised this at the previous sitting where all sections were taken in one vote. We understood that all sections were to be taken together. On that basis, in regard to section 39, if the Leas-Cheann Comhairle is not following what was done in the previous-----

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