Results 42,021-42,040 of 46,353 for speaker:Simon Harris

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: I move amendment No. 46:In page 44, lines 21 and 22, to delete “on the qualifying asset, in relation to a company,” and substitute “in relation to the qualifying asset, in respect of a company,”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: I move amendment No. 47:In page 44, line 31, to delete “intangible”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: I move amendment No. 48:In page 46, line 33, after “asset” to insert “before taking account of any allowance available under subsection (5)”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: I move amendment No. 49:In page 46, line 40, to delete “12 months” and substitute “24 months”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: I move amendment No. 50:In page 47, line 8, to delete “relevant company” and substitute “relevant company, which has made a claim under this section,”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: I move amendment No. 51:In page 47, lines 36 and 37, to delete “profits, calculated as if this Chapter did not apply,” and substitute “profits”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: I move amendment No. 52:In page 49, lines 25 and 26, to delete “to which this Chapter applies” and substitute “in respect of which a claim was made under section 769I(2)”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: I move amendment No. 53:In page 51, to delete lines 38 to 41, and in page 52, to delete lines 1 to 3.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: I move amendment No. 54:In page 52, line 4, to delete “(2) Subject to subsection (5)” and substitute “769O. (1) Subject to subsection (4)”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: I move amendment No. 55:In page 52, line 24, to delete “(3) Subject to subsection (5)” and substitute “(2) Subject to subsection (4)”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: I move amendment No. 56:In page 52, line 36, to delete “(4) A relevant company” and substitute “(3) A relevant company”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: I move amendment No. 57:In page 52, line 41, to delete “(5) Where” and substitute “(4) Where”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: I move amendment No. 58:In page 53, line 5, to delete “subsections (2) and (3)” and substitute “subsections (1) and (2)”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: I move amendment No. 59In page 54, line 38, to delete “and”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: I move amendment No. 60:In page 54, to delete lines 39 and 40, and in page 55, to delete line 1 and substitute the following:“(ii) where that company is a member of a group, the group has turnover not in excess of the turnover threshold amount, and (iii) the company is a micro, small or medium-sized enterprise within the meaning of the Annex to Commission Recommendation 2003/361/EC of...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: We are probably both proud of the fact that we have a very difference perspective on this section of the Finance Bill, in terms of our views on the knowledge development box. It is not fair to say that the Minister was dragged, kicking and screaming anywhere in the context of his approach to ensuring that this country promotes best practice when it comes to taxation and plays a prominent,...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: The payment dates for preliminary tax, such that it will be €31 million next year but it would be €50 million in a full year. How we are arriving at the figure in terms of the expected cost is an important question. The annual cost of the knowledge development box in terms of tax foregone from 2016 forward have been estimated. This focused on companies who up until this year...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: No. In 2013, the total corporation tax liability of all six firms was €1.4 billion. That figure relates to the outer limit of tax that could be reduced by the KDB rate.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: On the latter point, the qualifying income is the trading income that is derived from the qualifying assets. This includes royalties that are attributable to the assets and sales income. Any income that results from a disposal of the qualifying assets, such as the patent, will remain subject to the capital gains tax, CGT, rate. Chargeable gains are not subject to the KDB rate. It is the...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2015: Committee Stage (Resumed) (18 Nov 2015)

Simon Harris: Yes.