Results 5,701-5,720 of 26,439 for speaker:John McGuinness
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: How the bank may dispose of it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Permanent TSB was the first bank to use that structure.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: I presume that other banks have looked at that structure and note that it worked out well.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Yes. Mr. Masding went on to refer in his statement to the No Consent, No Sale Bill 2019 brought forward by Deputy Pearse Doherty. At the most recent meeting of the committee, which was an engagement with the Central Bank or Bank of Ireland, I commented that I have never seen so much publicity generated very quickly and that was determined to undermine the Bill. There is support for the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: The bottom-line profit was €5 million and the operating profit was €100 million.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Mr. Masding was asked about taxes paid. No tax was paid.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: For how many years will that be in operation? Bank of Ireland will have such a regime in place until 2030.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: It will be 18 years before Permanent TSB pays tax. On Glenbeigh and tax, no tax was paid in that regard.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Further down the chain, no tax was paid in regard to Glenbeigh.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Is that because it is a section 110 company?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: That is 5%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: However, Glenbeigh will not pay tax. There is a difference here. If Glenbeigh pays Permanent TSB a dividend or whatever on the 5%, Permanent TSB will pay tax on that, but Glenbeigh will not pay tax.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Permanent TSB created Glenbeigh.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: However, as a section 110 company, Glenbeigh is not obliged to pay tax.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: I ask Mr. Masding to revisit it because I am unsure what are the exact arrangements.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Glenbeigh is structured as it is in order to suit a particular tax exemption.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: I acknowledge that but, by sheer coincidence, there is no tax paid on it. Permanent TSB did not consider that, but that is the outcome. It is not Mr. Masding's fault and I am just trying to understand the situation. Glenbeigh is a section 110 company and it does not pay tax.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: It does not pay tax. That is the answer. Can Ms Timoney clarify the number of tracker clients who did not accept the outcome of the bank's consideration of their case and went to the ombudsman?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: Is Ms Timoney saying that the balance, the difference between 170 and 181, is the number who did not accept the bank's offer?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019) John McGuinness: The vast bulk of Permanent TSB customers who were impacted and identified as such by the bank have accepted the offers the bank has made and have gone on with their business. Is that right?