Results 5,461-5,480 of 36,134 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

Pearse Doherty: That is my final question. I thank the witnesses for all of the work they do. Unfortunately, I am sure they will be before the committee again. At the same time, there is hopefully some brightness on the horizon. If we look at the ECB projections, by 2025 inflation should be under control and these interest rates may be coming down, which is another argument to intervene now to help with...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

Pearse Doherty: Well said. Thank you.

Ceisteanna Eile - Other Questions: Tax Code (7 Mar 2023)

Pearse Doherty: To clarify, will that occur regardless of the rate of inflation at that point in time? When the Minister selects 1 September for a tax rate to go up it is an appropriate time because the Dáil is in recess. The Dáil is in recess for a number of weeks before and after that date as well and that sometimes creates a little bit of pressure. Is the Minister saying the decision is...

Ceisteanna Eile - Other Questions: Tracker Mortgages (7 Mar 2023)

Pearse Doherty: Figures requested from the retail banks and sent to the Oireachtas finance committee showed that Bank of Ireland, AIB, KBC, Permanent TSB and Ulster Bank sold 2,315 tracker mortgage accounts which they had overcharged to vulture funds, and nearly 400 of these were sold before they were identified or remediated, either through the tracker mortgage examination or on foot of an FSPO decision....

Ceisteanna Eile - Other Questions: Tracker Mortgages (7 Mar 2023)

Pearse Doherty: I welcome that. Let me be clear that I discussed this with the Central Bank in my recent meeting with it. These individuals, because they have now been identified as being in scope as part of the tracker mortgage examination, have eventually been remediated. However, the point is that, at a point in time, before they were identified and before they had the money restored to them following...

Ceisteanna Eile - Other Questions: Tracker Mortgages (7 Mar 2023)

Pearse Doherty: They cannot fix. That is the problem.

Ceisteanna Eile - Other Questions: Tracker Mortgages (7 Mar 2023)

Pearse Doherty: I appreciate that.

Ceisteanna Eile - Other Questions: Tax Code (7 Mar 2023)

Pearse Doherty: 74. To ask the Minister for Finance if he will publish the economic analysis undertaken by his Department regarding the retention of the 9% rate of VAT with respect to the hospitality and tourism sectors; if he will outline its findings; and if he will make a statement on the matter. [11320/23]

Ceisteanna Eile - Other Questions: Tax Code (7 Mar 2023)

Pearse Doherty: This comes back to the question that was addressed earlier by Deputies Rose Conway-Walsh and Alan Dillon in regard to the 9% VAT rate. I raised this issue with the Minister on 24 January last. During that discussion, I asked if the Department had undertaken an economic impact assessment regarding the consequences should the rate reduction be extended or the prior rate be reinstated. The...

Ceisteanna Eile - Other Questions: Tax Code (7 Mar 2023)

Pearse Doherty: I have received the parliamentary question responses in regard to the assessment. That is very important because there has been a wide public debate in this regard. It is a good debate and it needs to be an informed debate, including in regard to the Department's analysis on whether to extend or continue with the rate. Whether 9% is the appropriate rate for the sector is another question...

Ceisteanna Eile - Other Questions: Tracker Mortgages (7 Mar 2023)

Pearse Doherty: It has become apparent that the retail banks sold to vulture funds thousands of mortgages that were overcharged through the tracker mortgage scandal. Hundreds of these tracker mortgage accounts were sold prior to them receiving remediation through the tracker mortgage examination. The principles of the tracker mortgage examination were very clear. These mortgage holders, having been...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Banking Sector (7 Mar 2023)

Pearse Doherty: 62. To ask the Minister for Finance the number of victims of, and the value of money stolen through, authorised push payment fraud in each of the years 2016 to 2022; the actions his Department will take to tackle authorised push payment fraud; and if he will make a statement on the matter. [11519/23]

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Banking Sector (7 Mar 2023)

Pearse Doherty: In relation to push payments, financial fraud and scams are on the rise. According to FraudSMART, the fraud awareness initiative led by Banking and Payments Federation Ireland, fraudsters stole nearly €45 million through frauds and scams in the second half of 2021, an increase of 50% compared with the previous year. Citizens are increasingly aware and frightened of the techniques...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Banking Sector (7 Mar 2023)

Pearse Doherty: As we know, authorised push payment fraud occurs when a fraudster tricks somebody into making a payment to a bank account that the fraudster controls. An individual could see a holiday on a website and purchase it for thousands of euro only to find out that he or she has been the victim of a scam or an individual may enter a dating relationship through an online dating app and transfer money...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Banking Sector (7 Mar 2023)

Pearse Doherty: We need to address APP fraud and start with protecting victims and putting more pressure on banks and payment providers to improve their systems. Requiring compensation to victims would do both. I have been in contact with an individual who was a victim of APP fraud. Payments were made through a bank in Britain and a bank in this State, and while she was compensated by the British bank,...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (7 Mar 2023)

Pearse Doherty: It is two years on. I remember the Minister of State's party leader, Deputy Varadkar, saying that he would give the insurance companies six months or else. We now hear the Government saying the same thing about the energy companies. The Minister of State with responsibility in this area is now basically giving the pitch the insurance industry gave immediately after the reforms, which is...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (7 Mar 2023)

Pearse Doherty: The Minister of State would not agree because it is very clear from what she is saying that she is going to take very little action. Two years on, claims and awards have fallen dramatically. Does the Minister of State know what has gone up? It is the profits of the insurance industry. The industry combined made €176 million in 2021, which is a 13% increase and the highest figure in...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (7 Mar 2023)

Pearse Doherty: No, it does not.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (7 Mar 2023)

Pearse Doherty: It benefits the insurance industry.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (7 Mar 2023)

Pearse Doherty: 60. To ask the Minister for Finance if he is satisfied that the insurance sector is providing insurance pricing that reflects the fall in the number and value of claims since the introduction of the personal injuries guidelines; and if he will make a statement on the matter. [11518/23]