Results 46,881-46,900 of 49,836 for speaker:Stephen Donnelly
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: The fifth issue from the October meeting-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: I am asking about the amount that the banks will have to pay. Irish consumers will have to-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: -----is low. At the October meeting, there was discussion of energy taxation within the context of climate change. Will this have implications for Irish businesses or domestic purchasers of energy? In other words, are taxes on energy likely to increase?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: I thank the Minister. I have a final question, as I am being encouraged by the Chair to finish. Regarding this week's ECOFIN meeting on the financial transactions tax, my understanding is that the tax would apply to high-frequency trading more than it would to low-frequency trading, for example, derivative markets. I also understand from speaking with the financial services industry in...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: The Minister's Department has.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: I accept that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: I know the Minister is a busy man and he was not present for it, but he might read the blacks of the last briefing we received from someone in his Department. The position she outlined was an overtly hostile one. In our back-and-forth discussions with the Department, it has asserted that, although it is strongly opposed to a financial transaction tax because it believes that many jobs will...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: That brings me to the second part of this issue. If what the Minister is saying is correct - I have no reason to believe that it is not - and for the same reason that he believes a damaging version of the tax is worth considering, is it also not worth considering that there may be a competitive advantage to be had? The Minister's remarks illustrate my point perfectly, in that a particular...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: That may be the position, but it does not detract from my question. Could we see a codified analysis of the types of tax that would benefit and adversely affect Ireland?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: The Minister may not be, but we as the finance committee may be.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: The Minister makes policy, but it is our constitutional obligation to hold the Minister to account.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: A part of that is to request-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: Hang on a minute.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: Yes, and I appreciate that, but the Minister-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: We are not.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: I am not attempting in any way to direct policy. As a member of the finance committee, I am asking whether we could receive a report or analysis to illustrate the options.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: I know. That is why I am asking whether one can be produced.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: That is preposterous.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: If the Minister does not have an analysis, how can he decide whether he even wants to engage in a financial transaction tax?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)
Stephen Donnelly: It is not.