Results 4,161-4,180 of 26,840 for speaker:Richard Boyd Barrett
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (16 Nov 2022)
Richard Boyd Barrett: According to the institute's opening statement, we should reduce the CGT because it "is having a dampening effect on economic activity", and that reducing it could "improve the environment for start-ups and mature businesses, leading to an increase in transactions". I ask the witnesses to elaborate on that point. I do not really understand it.
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (16 Nov 2022)
Richard Boyd Barrett: I do not know much about this particular tax, so I am not trying to catch the witnesses out. Could the witnesses give me examples so that I could understand it? I just do not quite get the dampening effect and why it is problematic. To me, CGT is a tax on the appreciation of assets. I think that is fair enough. I would be inclined towards increasing it, not reducing it. I would like to...
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (16 Nov 2022)
Richard Boyd Barrett: I am still struggling a bit, but I appreciate the witnesses' answer. Mr. Brennan referred to the LPT as "a key stabilising component of our tax system". In what sense is it stabilising? I do not understand that either. What is it stabilising?
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (16 Nov 2022)
Richard Boyd Barrett: What does the institute say to the arguments that the likes of us would put forward that it does not take into account the income of the people who own their family home, in that sense it can be very unfair on people and they have very little control over the price and the value of their property, particularly in a market which most people would agree is pretty dysfunctional at the moment?...
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (16 Nov 2022)
Richard Boyd Barrett: We were discussing a figure for the breakdown of household wealth here the other day, though maybe it was in the finance committee. Net household wealth is in excess of €1 trillion. How many family homes are there roughly? Perhaps 1.5 million. We could multiply that by the average house price of €300,000. I do not know what the exact maths are but it probably ends up being...
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (16 Nov 2022)
Richard Boyd Barrett: It is 52.4%.
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (16 Nov 2022)
Richard Boyd Barrett: Okay, so it is about half.
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (16 Nov 2022)
Richard Boyd Barrett: It is my view the other 50% is real wealth. What does Ms Gunnell think?
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (16 Nov 2022)
Richard Boyd Barrett: Yes.
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (16 Nov 2022)
Richard Boyd Barrett: I am sure the farmers would say that, and rightly so maybe. Does Ms Gunnell not see any merit in distinguishing between people's family home or even a small family business and excess wealth, for want of a better phrase? I mean surplus wealth beyond what a person needs to keep a roof over their head. They are two different types of wealth.
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (16 Nov 2022)
Richard Boyd Barrett: Yes. I hear our guests' opinion. I have a slightly different opinion in that if you have enough wealth to have a second property you can rent out and generate revenue from, it is quite a different thing than if you do not. In fact, what if we got rid of the tax on the family home and paid for it by significantly increasing the amount we charge for second and third properties and maybe have...
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (16 Nov 2022)
Richard Boyd Barrett: What would they do with them then?
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (16 Nov 2022)
Richard Boyd Barrett: It depends who buys the properties, does it not?
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (16 Nov 2022)
Richard Boyd Barrett: I appreciate the institute's contribution.
- Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (Resumed) (16 Nov 2022)
Richard Boyd Barrett: I apologise for having to leave, but I would like to catch the end of the Committee Stage debate on the Finance Bill.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Richard Boyd Barrett: I will remind the Minister of the amendment I have proposed. It is worth reading into the record. I am looking for "a report on amending the guidelines in relation to section 481 (Film Tax Relief), to clearly define the requirement for producer companies in receipt of the relief to be the legally responsible employer for all those working on film productions funded by the relief as against...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Richard Boyd Barrett: Is there is a technical problem with sound? I am coming in in stereo.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Richard Boyd Barrett: Indeed. Are we okay now?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Richard Boyd Barrett: I tried to explain the reason for this amendment last night. In response, the Minister pretty much said that I was painting a very grim picture of the Irish film industry and that I had not acknowledged that we produce wonderful films. I will respond to that first because it is important. Anybody can look at the transcript of what I said yesterday and will see that I began my contribution...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)
Richard Boyd Barrett: I understand.