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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Fraud: Discussion (9 Jul 2019)

Michael McGrath: Or the reports from companies. Is there a significant further figure for reports from the public or other sources?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Fraud: Discussion (9 Jul 2019)

Michael McGrath: What about insurance fraud?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Fraud: Discussion (9 Jul 2019)

Michael McGrath: There not many others. Mr. Twomey is shaking his head.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Fraud: Discussion (9 Jul 2019)

Michael McGrath: When the head of AXA was before the committee last week, he told us that the company had achieved savings last year of €90 million in the area of fraud. He said it represented approximately 4% or 4.5% of gross written premiums, which is a substantial figure, but something does not quite match up, given the low number of referrals. Perhaps the companies have no confidence that cases...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Fraud: Discussion (9 Jul 2019)

Michael McGrath: Is it the view of our guests that, in general and on the basis of their experience, the actual level of fraud is in excess, perhaps significantly so, of what is being reported to the Garda?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Fraud: Discussion (9 Jul 2019)

Michael McGrath: Would the Garda representatives not think that insurance companies have a vested interested in this area and would like to make an example of those bringing fraudulent claims? Would companies not like those involved to be publicly accused in court and eventually convicted of insurance fraud? Would it not be in the direct financial interest of the companies to ensure this happens? Yet,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Fraud: Discussion (9 Jul 2019)

Michael McGrath: We look forward to the written response on those outstanding points.

Written Answers — Department of Finance: Tax Reliefs Data (4 Jul 2019)

Michael McGrath: 76. To ask the Minister for Finance the estimated first and full year cost of increasing the cap for entrepreneurial relief on capital gains tax from €1 million to €5, €10 and €15 million, respectively. [28754/19]

Written Answers — Department of Finance: Tax Reliefs Data (4 Jul 2019)

Michael McGrath: 86. To ask the Minister for Finance the estimated cost of expanding the capital gains tax entrepreneurial relief to include individual external investors such as angel investors and so on; and if he will make a statement on the matter. [28764/19]

Written Answers — Department of Finance: Tax Reliefs Data (4 Jul 2019)

Michael McGrath: 87. To ask the Minister for Finance the number of persons based on the most recent data that have availed of the entrepreneurial relief for capital gains tax; the annual cost in this regard; and if he will make a statement on the matter. [28765/19]

Written Answers — Department of Finance: Universal Social Charge (4 Jul 2019)

Michael McGrath: 77. To ask the Minister for Finance the estimated first and full year costs of decreasing the non-PAYE USC surcharge from 3% to 2%, 1% and 0%, respectively; the estimated number of persons affected by such a change; and if he will make a statement on the matter. [28755/19]

Written Answers — Department of Finance: Tax Reliefs Data (4 Jul 2019)

Michael McGrath: 78. To ask the Minister for Finance the estimated first and full year cost of reducing the €75,000 limit to €40,000, €50,000 and €60,000, respectively, for the special assignee relief programme; and if he will make a statement on the matter. [28756/19]

Written Answers — Department of Finance: Tax Reliefs Data (4 Jul 2019)

Michael McGrath: 79. To ask the Minister for Finance the estimated first and full year cost of extending the special assignee relief programme to employees employed from outside an organisation rather than restricting it to employees moving within an organisation; and if he will make a statement on the matter. [28757/19]

Written Answers — Department of Finance: Tax Code (4 Jul 2019)

Michael McGrath: 80. To ask the Minister for Finance further to Parliamentary Question No. 79 of 21 June 2018, the estimated annual cost of removing the income tax, including USC and PRSI, on dividend income and replacing it with a flat rate of taxation on dividend income of 20%, 30% and 40%, respectively; and if he will make a statement on the matter. [28758/19]

Written Answers — Department of Finance: Tax Deduction Systems (4 Jul 2019)

Michael McGrath: 81. To ask the Minister for Finance the estimated annual cost of expanding the foreign earnings deduction to an extra country; and if he will make a statement on the matter. [28759/19]

Written Answers — Department of Finance: Tax Deduction Systems (4 Jul 2019)

Michael McGrath: 82. To ask the Minister for Finance the number of persons based on the most recent data that have availed of the foreign earnings deduction per annum; the annual cost in this regard; and if he will make a statement on the matter. [28760/19]

Written Answers — Department of Finance: Employment Investment Incentive Scheme Data (4 Jul 2019)

Michael McGrath: 83. To ask the Minister for Finance the estimated annual cost of removing the 30% share ownership restriction for the EIIS; and if he will make a statement on the matter. [28761/19]

Written Answers — Department of Finance: Employment Investment Incentive Scheme Data (4 Jul 2019)

Michael McGrath: 84. To ask the Minister for Finance the estimated annual cost of increasing the annual cap for the EIIS from €150,000 to €1 million; and if he will make a statement on the matter. [28762/19]

Written Answers — Department of Finance: Tax Data (4 Jul 2019)

Michael McGrath: 85. To ask the Minister for Finance the estimated full year cost of expanding the Start-Up Refunds for Entrepreneurs, SURE, scheme to include new business founders that were previously self-employed; the number of persons availing of the SURE scheme; the cost of the scheme; and if he will make a statement on the matter. [28763/19]

Written Answers — Department of Finance: VAT Registration (4 Jul 2019)

Michael McGrath: 88. To ask the Minister for Finance the estimated cost of increasing the VAT registration threshold for SMEs and the self-employed to €50,000, €60,000, €80,000 and €90,000, respectively; if this is possible under EU regulations on VAT; and if he will make a statement on the matter. [28766/19]