Results 8,661-8,680 of 35,563 for speaker:Pearse Doherty

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: I appreciate that and I am aware of the Minister's response last night. I will pick up on some of his comments and his presentation on the tax paid in relation to these funds. The two Sinn Féin amendments deal with the need for a report on the taxation of these funds. The second amendment, No. 36, also relates to their exemption from capital gains tax. Yesterday, the Minister spoke...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: Chair-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: I am well familiar with the number of amendments. I am the sponsor of this amendment and I have the right under Standing Orders to speak a second time.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: Of course, without a doubt.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: There are two amendments we are dealing with here and they are very important. First of all, I will make a couple of brief points. The Minister did not inform the committee whether he will travel to London for the roadshow to the investors and whether he has a different opinion than the Minister for Housing, Local Government and Heritage, Deputy O'Brien, on that. Has the Minister...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: But they-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: The Minister is asking me a question.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: Does the Minister want me to answer the question? They are not building homes. They are just purchasing them.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: No.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: No, I did not.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: They are not funding-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: Will the Minister have a serious debate or read us this nonsense?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: I did not press amendment No. 31 to a vote and reserve the right to bring it back on Report Stage.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: I move amendment No. 32: In page 36, between lines 29 and 30, to insert the following: “Report on capital allowances with respect to qualifying expenditure incurred on data centres 28. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the tax treatment and capital allowances available with respect to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: If the Minister would like to respond to those detailed questions from Deputy Farrell, I will be happy to contribute after him.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: Section 31 deals with the transposition of the anti-tax avoidance directive, Article 4. Is that the directive that was agreed in 2016 and the same directive that we were supposed to have transposed into domestic law by the end of 2018 and operational in January 2019? It may not be. I am genuinely seeking clarification on this. Is it the same directive in respect of which we were...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: I am. I just want to know why the Minister and his predecessor, Michael Noonan, decided to not implement and transpose the directive, which we were supposed to have in place at the end of 2018. The Minister and his predecessor argued that our existing rules were just as effective. If that was the case, we would not have to transpose it until 2024 but that is not the case because, as the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: The Minister said he had tried to deal with the issues they have raised. Beyond that issue of operating lessors, will he outline what other issues he has tried to deal with in these amendments that the aircraft leasing sector has raised?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Pearse Doherty: The Minister will provide that note to us.