Results 4,821-4,840 of 5,104 for speaker:Mairéad Farrell
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: This section provides for an extension of the knowledge development box for a further two years. I suppose the aim of the knowledge development box was to improve research and development by providing a tax break for research and intellectual property. What does the Minister believe the level of take-up of this tax relief scheme has been, particularly by smaller companies, and what is the...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: Is it possible for companies to, say, redomicile intellectual property, IP, to avail of this?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: Will the Minister confirm that if the company re-domiciled the intellectual property would mean that research and development have to happen here or can it happen somewhere else?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: I thank the Minister.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: On the section, can the Minister clarify if this section extends the timeline by which companies are required to pay their exit tax obligations and, if so, what would be the implication for Revenue collecting that tax and what is the rationale for extending it?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: We are withdrawing these amendments with a view to retabling them on Report Stage.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: I move amendment No. 6: In page 11, after line 34, to insert the following: “Report on income levy on high incomes 11. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the introduction of a high-income levy of five per cent on high incomes in excess of €140,000.”.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: I move amendment No. 7: In page 11, after line 34, to insert the following: “Report on income tax relief 11. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on an income tax relief equivalent in value to 8.3 per cent of annual rent to all private rental tenants not already in receipt of any State subsidy,...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: These changes seek to provide greater clarity around our transfer pricing rules and the circumstances in which domestic non-trading transactions between Irish entities are excluded from the application of the rules. It is good to make the rules clearer. However, I would be concerned if it would allow for the possibility of transfer pricing arrangements via special purpose vehicles, SPVs,...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: I have a query. Some international experts are worried about the strength of Ireland's CFC, rules. I welcome that companies that appear on the EU's new blacklist will no longer be able to avail of exemptions, but I am worried about those companies that are not on the list. No EU jurisdictions are on the list. Although these measures spring from the EU's anti-tax avoidance directive, I am...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: The concern is that there would be a shift in transactions from countries on the blacklist to others that are not. I would be interested in seeing an analysis of that. The Minister is telling us that such information would probably be available on an EU basis.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: Yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: I am okay.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: May I ask a question on section 23?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: Will the Minister explain in greater detail what exactly this section is trying to achieve and what the cost will be to the State?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: Yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: I wanted to speak to sections 26 to 28, inclusive, as a group.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: If we leave it until we deal with section 28, will we be able to vote on sections 26 and 27 or how does that work?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: Yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (Resumed) (17 Nov 2020)
Mairéad Farrell: Yes. These sections provide for multi-annual increases in carbon tax. I am concerned that they will have a consequential effect on lower income households. In June 2019, the ESRI published the report, Carbon taxation in Ireland: distributional effects of revenue recycling policies. In its research, the ESRI found that carbon taxation is found to be regressive, with poorer households...