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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: Does the Minister have an estimate of this measure's cost?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: On amendments Nos. 1 to 6, inclusive, obviously, that is just a change of name. The criteria remain the same, so we have no issue on that. It is a technical amendment. I would like to speak on the wider issues of section 5, if the Chair allows it.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: Sections 5 to 10, inclusive, deal with the tax warehousing element of the Bill. Obviously, this was a very important provision that allowed for a bit of comfort and space for businesses. We see that, across the sector, about 10% of the eligible debt for warehousing has been warehoused, about €3 billion out of the €30 billion. Different companies responded in different ways in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: I asked for clarity in regard to that. Will the Minister clarify that the carbon tax is not hypothecated in law, that there is not a magic pool of money where carbon tax goes into one section, that it goes into the Central Fund and that there is a policy decision to spend that resource on mitigation measures, which not all happen? If the banking levy, which is reduced as a result of the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: The Minister questioned my honesty numerous times and put himself on a pedestal in terms of the honest politician and me, the dishonest politician. There is nothing trite about me, a representative, having been elected by the people of Donegal with a substantial mandate, raising the issue of people in my constituency who are facing poverty and increased poverty as a result of the measure the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: That is honesty.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: I am representing my-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: On a positive note, I am glad that the Minister for Finance has at least recognised that he said before that he was bringing no measures forward until budget day. I am glad that he has made a U-turn. Maybe the Minister's backbenchers are getting him to be a little bit more in touch with where ordinary people are at. The penny is dropping.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: I wish to ask the Minister a number of questions about amendment No. 7. As we know, it relates to the financial resolution that was passed and that is just now being put into statutory law to ensure that it does not lapse after the 90-day period, or whatever the number of days a financial resolution can last is. I am conscious that none of us can predict where petrol and diesel prices will...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: I cannot wait to take up that offer.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: On section 11-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: No. Unlike some of the other members, I stay for all of the sections of the Finance Bill.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: And my good cara, Bernard, who is always there.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: Sometimes it is scary how much Bernard and I have in common on this committee. I may have some interest in this as I am a director of a music festival who will be applying for a licence in due course. I make that point in case there are any accusations of interests not declared. Can the Minister clarify the timing of this? The section allows for no duty of excise chargeable on the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: I thank the Minister.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: The Minister is more than welcome to come to Gaoth Dobhair. Indeed, the Tánaiste and Minister for Enterprise, Trade and Employment, as an avid festival goer, is more than welcome as well. It is a not-for-profit music festival in Gaoth Dobhair. It has been running for the past couple of years but, obviously, Covid has impacted on it.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: No. It is a new one. It is in Gaoth Dobhair itself. We have big bands such as Gavin James, Aslan, Kíla, Hermitage Green, Sigala and King Kong Company and local acts, such as Megan Nic Ruarí, all playing over two days.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: Very good.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Pearse Doherty: The committee is more than welcome to have its July meeting in Gaoth Dobhair.

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