Results 4,001-4,020 of 40,550 for speaker:Joan Burton

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: It is the one on page four.

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: I know that but it is very hard to judge 2015-----

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: -----unless there are comparisons and different considerations. This is very advanced compared with the Central Statistics Office, CSO, and the Survey on Income and Living Conditions, SILC, which are pretty much in the dark ages. It is a survey of 6,000 people one and a half to two and a-half years in arrears. It means all the data on poverty in Ireland are a minimum of two to three years...

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: With due respect, the witness is spending a very valuable afternoon of his time here. I know the Revenue Commissioners are pressed for time. I am just detailing what would be helpful and perhaps we could have it two or three days beforehand. We are not resourced on this committee and it is brand new. The amount of information we can get is less than what has been my experience in other...

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: Let us be honest, that was when they were still on their knees, to so speak, and it was meant to be a stimulus. I am asking about now, not then.

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: I do not agree. It is a stream of income which is identified legally in a particular way. In that sense, it is a different type of stream of income, just as a farmer or a landlord has a stream of income. The principle underlying it in taxation terms is that it is a stream of income and, as such, it is possible to address potential changes. From the point of view of this committee, we are...

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: With due respect to Mr. Hession, I am talking about two particular classes of business. I am referring to banks and financial institutions, once they start to become reasonably profitable again, producing some taxes in terms of corporation profits tax. Mr. Howard might tell us the scale of the build-up of losses and the value of the build-up. It is enormous.

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: Elsewhere in Mr. Howard's notes he says the losses were such that I believe over €2 billion was availed of in 2015.

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: I presume 2015 was possibly the first year in which the banks had returned to major profitability.

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: From what we read in the newspapers. It would be helpful to us if we could examine the policy options for the budget, bearing in mind Mr. McCarthy's remarks about stability which are very important. The implication of his remarks is that we will actually be starved of capital investment, unless there is significant development of PPPs off balance sheet, about which EUROSTAT seems to be...

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: Mr. McCarthy's observations are very important because it is a very tight definition. We will not finish too many roads to Sligo and other places around the country. Perhaps the delegates might describe what the implications will be in the run-up to the budget. The fact of the matter which is part of a wider argument in the European Union is that countries can borrow, effectively, at a...

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: We are talking about that also. We are also listening to the chambers of commerce and practically the whole country. Understandably, they have one mantra, which is about infrastructure.

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: Can I ask another question, also on future information? Obviously, all of this could be even more severely impacted by the risk factors associated with Brexit outcomes. I am sure the delegates have been having conversations in this regard in detail. It would be helpful if they outlined their thoughts on this, alongside their more detailed thoughts on capital expenditure.

Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)

Joan Burton: I have a brief statistical question. It was stated there were over 10,000 companies covered by the large cases division. Could I have a breakdown of their effective corporation tax rates? I acknowledge there may be a difficulty given that specific companies cannot be identified. When the story broke about Apple, the point was that its effective tax rate, irrespective of how it was...

Nomination of Taoiseach (Resumed) (14 Jun 2017)

Joan Burton: -----and a standing commission on taxation that will address loopholes and flaws in our tax system as they arise. We have accumulated tax losses in our system of over €15 billion, €9 billion in the financial services sector and over €400 million in the construction sector. As things stand, if the proposed sale of AIB goes ahead, that company could avoid paying any...

Nomination of Taoiseach (Resumed) (14 Jun 2017)

Joan Burton: Deputy Ellis is shouting from the sidelines again.

Nomination of Taoiseach (Resumed) (14 Jun 2017)

Joan Burton: On my own behalf and on behalf of people in Dublin West, I express my congratulations and good wishes to Leo and his family, to his parents, Miriam and Ashok, and to his partner, Matt. This is a very proud day for the family and it is a great achievement and honour for Leo. Dublin West, the area which the new Taoiseach and I have the honour to represent, is one of the most diverse parts of...

Other Questions: Infrastructure and Capital Investment Programme (1 Jun 2017)

Joan Burton: The Minister could just continue to tell us about how he plans to increase off-balance-sheet capital investment. In particular, will he identify some of the mechanisms he proposes to use? Is it special purpose vehicles? He has spoken about other finance mechanisms and obviously this is one of them. I would be grateful for this information.

Other Questions: Infrastructure and Capital Investment Programme (1 Jun 2017)

Joan Burton: To continue the point on housing and the infrastructure required for it, I could bring the Minister to an area he knows well in my constituency, Hansfield in Ongar. Over the past ten years, planning permission has been given for another 3,000 houses there, in a very desirable area, where most of them would be for purchase. Small-scale building is happening there at present but some...

Other Questions: Infrastructure and Capital Investment Programme (1 Jun 2017)

Joan Burton: I hear the voice of departmental officials stating what we got wrong the last time was excessive cost increases and prices that ran out of control. With the establishment of the Department of Public Expenditure and Reform specifically as a management oriented body alongside the Department of Finance, the Minister should have better ways of being able to control expenditure. Foreign direct...