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Written Answers — Department of Health: Home Help Service (15 Nov 2012)

Kevin Humphreys: To ask the Minister for Health if he intends to make home help services and companies subject to investigation by the Health Information and Quality Authority; the standards or legislative requirements that must be met by companies offering home help services; his views on the profits being made in this sector; the minimum wage that must be paid to those providing home help services; and if...

Education Funding: Motion (Resumed) [Private Members] (14 Nov 2012)

Kevin Humphreys: Yes, it is. Unfortunately, I cannot really take Deputy Micheál Martin's comments on certain matters seriously, particularly as he was a member of the Cabinet which sold the country down the river. Those opposite should take a careful look at themselves. Deputy Micheál Martin has no credibility when it comes to issues of this nature.

Education Funding: Motion (Resumed) [Private Members] (14 Nov 2012)

Kevin Humphreys: I was not fortunate enough to go to university but I realise the importance of doing so and the critical difference third level education makes to the economic and social future of our country. It is a driver of social mobility. Each year we are educating more children with less money. I have enormous respect for the thousands of teachers, lecturers and assistants who work to educate our...

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

Kevin Humphreys: After Deputy Mathews, what else can I ask Mr. Tobin?

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

Kevin Humphreys: Mr. Tobin showed the sharing mechanism on the CCCTB. Could he give a practical example of that, even with indicative figures, although I am not asking for it now? That would enable us to understand the presentation.

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

Kevin Humphreys: The recommendations and the next steps to constructive engagement are, as Mr. Tobin said, the right way to go. I do not think it will happen anytime fast, but we should certainly be at the table to ensure that we influence the outcome. I thank Mr. Tobin for his presentation and for taking the time to come here today.

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

Kevin Humphreys: I have not had an opportunity to consider this. Other major transaction centres have introduced financial transaction taxes. I have not had an opportunity to examine those in Hong Kong, Johannesburg, Mumbai or Taipei, which have fairly new financial markets. They are raising approximately $23 billion per year. Has Ms McVeigh's team had an opportunity to examine these taxes considering how...

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

Kevin Humphreys: -----of 0.5% which generates £5 billion a year, and that does not include trade derivatives. It says it is against it, but it still operates it in the market. The US securities regulator also operates it and it generates approximately $1 billion. It operates it on a rate of 0.00257%. It increased it from 0.0017% in 2010 to its current level. The same arguments we hear against the...

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

Kevin Humphreys: From the Irish viewpoint, what independent research has Ms McVeigh done other than submissions?

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

Kevin Humphreys: Have the witnesses received any papers on this, based on the information they have presented to us, from the IFSC Clearing House Group?

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

Kevin Humphreys: Did Ms Veigh receive position papers from the clearing house hroup-----

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

Kevin Humphreys: -----or from the Taoiseach's office?

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

Kevin Humphreys: I thank the witnesses. I have a keen interest in this issue. I would like any decision we make on FTT to be research-driven and evidence-based. A total of 33,000 people work in the financial services centre and it has been suggested that 3,000 of those could be affected if an FTT is introduced. That said, I maintain the need for research and for decisions to be evidence-based on whether...

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

Kevin Humphreys: How did Ms McVeigh come up with the figures?

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

Kevin Humphreys: Other research documents suggest that the EU budget would see a reduction in member states’ national contribution. Is that factored into the figures we received from Ms McVeigh?

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

Kevin Humphreys: There would be a reduction in the contributions of member states to the EU budget. Is the figure Ms McVeigh gave us factored into the equation? The split is two thirds to one third.

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

Kevin Humphreys: It does not seem to be factored into the figure Ms McVeigh gave us today in the presentation.

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

Kevin Humphreys: It would be misleading to say that we would gain in taxation because there would be a reduction in our contributions to the EU budget.

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

Kevin Humphreys: We seem to get half-truths from both sides on the financial transaction tax rather than the full picture. As an elected parliamentarian I am keen to get the information rather than a piece of information that suits one particular side of the argument. What Ms McVeigh said appears to be a partial truth because it does not equate with the contribution we make to the EU and the reduction in...

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

Kevin Humphreys: Yes, but Ms McVeigh did not even mention that there would be a reduction in contribution to the EU budget. Therefore, the figure in the presentation is more than likely misleading.

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