Results 6,921-6,940 of 10,459 for speaker:Bertie Ahern

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: I move Financial Resolution No. 2: (1) THAT, as respects the year of assessment 2006 and subsequent years of assessment, the Taxes Consolidation Act 1997 (No. 39 of 1997) be amended in subsection (2) of section 18 by substituting the following for paragraph (f) of Case III of Schedule D: "(f) income arising from possessions outside the State except, in the case of income from an office or...

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: Yes. It is also being availed of by returning Irish expatriates working here during the three year period after a return, during which they are not ordinarily resident in the State. The remittance basis of assessment is of long standing and was intended originally for genuine foreign income. However, there is increasing evidence of residents who are either not domiciled or not ordinarily...

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: That is the estimate.

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: In their own company. It would facilitate them in investing in their own company.

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: Yes, such income is taxable.

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: Can I respond to that set of questions before I leave? The Tánaiste will take over from me. A number of issues have been raised. I was asked to say what is the remittance basis of taxation. Individuals who are resident here, but who are not Irish-domiciled or not ordinarily resident here, pay tax here on the full amount of their Irish-sourced or UK-sourced income and also on that part of...

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: Yes. I am sorry for them, but they should look after their affairs. I cannot see, subject to the great wisdom of the people on the right, how we can draw up a system — I would not ask them to do so — in which we would try to include such people. The tax system is based on the principle of equity — that is my point. Deputy McGrath is right to point out that there are some people there.

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: It is about fairness. If some people get on to me tomorrow, I assure the House that they will not get much from me. I do not think they——

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: They might not get on to me——

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: ——but they will get on to other Deputies.

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: In fairness to Deputy McGrath, one of them was on to him already.

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: I said that one of them was on to Deputy McGrath already.

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: It has been examined.

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: If one is paid in Ireland, one pays one's tax in Ireland in line with the Irish rates. If one is getting one's €400,000——

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: It is the issue.

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: If one is getting one's €400,000 in Ireland, one will not put €360,000 of that through Germany and pay tax on the rest in Ireland.

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: No.

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: Deputies Rabbitte and Sargent asked whether this is just related to high earners. No, it is not. It is clear from the report of the Revenue Commissioners that schemes and arrangements which are used on a remittance basis are in place in a wide range of sectors, including the IT, banking, insurance, pharmaceutical, pharmacy, mining, fishing and construction sectors. They are arranging their...

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: That is what is going on.

Financial Resolution No. 2: Income Tax. (7 Dec 2005)

Bertie Ahern: I am not saying anything else.