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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Peter Mathews: Thank you, Chairman. I thank the witnesses for coming in.

Ceisteanna - Questions - Priority Questions: Overseas Development Aid (14 Nov 2012)

Peter Mathews: The Tánaiste might conclude.

Ceisteanna - Questions - Priority Questions: Overseas Development Aid (14 Nov 2012)

Peter Mathews: The Tánaiste is.

Ceisteanna - Questions - Priority Questions: Overseas Development Aid (14 Nov 2012)

Peter Mathews: The Tánaiste has built up enormous Chamber credit.

Ceisteanna - Questions - Priority Questions: Overseas Development Aid (14 Nov 2012)

Peter Mathews: I appreciate it, and the replies were well worth hearing.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Peter Mathews: A local company.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Peter Mathews: I will pre-excuse myself as I must leave to take the Chair in the Dáil Chamber for 45 minutes. I thank Mr. Tobin for his attendance. Had a company based in Cork called ABC Limited operations in Poland, Italy and France, at present it would fall to be assessed for corporation tax in the aforementioned three jurisdictions because the company would have operational residency therein....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Peter Mathews: In any event, they will pay a lot of money to the "big five" to outline the different scenarios to ascertain where the least tax load would fall. One can be sure of that in any case. In the debate, discussion or conversation on this issue, it would be important for public understanding to tease out what is the philosophical basis of taxation. I acknowledge everyone hates it but there is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Peter Mathews: The word "corporate" is common to both conversations.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Peter Mathews: With respect, through the Chair, I have commented to that point. One could have certainty at a rate of 15% for the next seven years. Incidentally, that would be on the back of a reduction in the costs of production and distribution experienced by these companies over the past three or four years that outweigh by a multiple of two to three times the slight increase in the corporation profit...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Peter Mathews: London is a jungle in the off-balance-sheet shadow banking world. An article entitled "MF Global and the great Wall St re-hypothecation scandal", published on 7 December 2011, states the dangers and fragility of the investment banks around the world and how they could collapse all the supposedly solid high-street banks, the repositories of savings of households and companies. We need to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Peter Mathews: I ask her to think about it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Peter Mathews: I thank the witnesses for attending and presenting the paper. I am a little concerned that we have allowed ourselves to see a long shadow looming over this country in the area of financial transactions, etc. It is a shadow that should not be there because there is not even a proposal yet. It alarms me that the country has decided to stay outside a conversation. They have said we should...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Peter Mathews: I have a few questions that follow from that. I was just contextualising it. We do have taxes on other areas. It is not just stamp duty on shares but every time a person writes a cheque. It must be remembered that tax was introduced at a time when writing cheques was a large part of transactions in this economy. All businesses wrote cheques. That is the reason they got the revenue out...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Peter Mathews: Stamp duty is collected on cheques written by Irish current account holders.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Peter Mathews: That is an example of a financial transaction which has not been mentioned.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Peter Mathews: I thank the officials for attending and for explaining and elaborating on these arrangements. Deputy Doherty referred to the tension there might be between the Department, endorsed by the Irish Fiscal Advisory Council, and an outside agency on growth forecasts. Is it possible that we could get an transparent outline framework of the model assumptions for growth? It is an area that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals. (14 Nov 2012)

Peter Mathews: Two pages with pictures, graphs, pulleys and pipes, and not telephone-book-like columns of figures.

Written Answers — Department of Health: Home Care Packages (14 Nov 2012)

Peter Mathews: To ask the Minister for Health if he will provide temporary health care assistance to cover home help when health care assistants are on holiday leave so that no elderly person is left without assistance during holiday periods [50212/12]

Credit Union Bill 2012: Second Stage (Resumed) (13 Nov 2012)

Peter Mathews: I welcome the opportunity to make a short contribution to this debate. I recognise, acknowledge and commend the contributions of the two previous speakers who are my colleagues. The credit unions have provided for the community a co-operative and mutual approach to savings and borrowings which has been invaluable. The Bill will provide a framework which has been well discussed and...

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