Results 8,761-8,780 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: Can I ask the Minister if he would send a note to the committee on how that would apply if there were, for example, a €20,000 gift from parent to sibling?

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

Pearse Doherty: I am not 100% sure what the change is in the subsection it is replacing. Is it the words "bona fide"? It exempts from capital acquisitions tax winnings from bona fide lotteries, sweepstakes and betting, which I support. What is the change that is taking place? What is to prevent somebody from organising a lottery with a limited number of beneficiaries or entrants, such as somebody with a...

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

Pearse Doherty: What is to stop somebody from organising a lottery with five entrants? It could be publicised but only someone's nephews and nieces apply for it and, therefore, acquire an asset exempt from CAT.

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

Pearse Doherty: This provision deals with the phased withdrawal of the employment wage subsidy scheme, EWSS, with enhanced rates of the wage subsidy to be in operation until 30 November and graduating down after that. I have several questions on this and I know time is running on. The scheme will close to new employers on 1 January. Given where we are at present with case numbers, will the Minister give a...

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

Pearse Doherty: Will the Minister review this policy position now, along with the pandemic unemployment payment? As a Cabinet member he agreed to impose restrictions as a result of public health guidance which mean people will lose their jobs. Last night, he said the pandemic unemployment payment was also cut. This is unfair. When the Government restricts even for the right reasons the ability of...

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

Pearse Doherty: I acknowledge the Minister's statement that these matters will be kept under view. The date of 1 January is potentially problematic because the Dáil will not be sitting and God knows how the pandemic will go. Obviously, we all hope that it will go in the right direction and the numbers will decrease, but it could also go in the other direction and the Government could face the same...

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

Pearse Doherty: The Minister should consider extending the date or having the power to extend it. The Dáil could be recalled at any time but, judging by last year, it could be under its own restrictions. What we are discussing is the worst-case scenario, but the Minister should consider the date, given the potential impact of not having that support in the first week of January. We all acknowledge...

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

Pearse Doherty: This section deals with tax defaults. The changes in respect of innocent errors avoiding penalties are welcome, but why would the Minister remove the prohibition on a reduction of penalties in offshore cases? Deputy Durkan, who gave us his history lessons, will probably recall how we were nicknamed "Amnesty International" in the 1990s because of all the tax amnesties for offshore cases. I...

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

Pearse Doherty: We will avoid all penalties for them.

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

Pearse Doherty: This section ends the penalty regime in respect of VAT. It reads: "This section shall not apply in respect of any disclosure made, act done or omission made after the date of the passing of the Finance Act 2021."." Will the Minister outline the rationale for this?

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

Pearse Doherty: I ask the Minister to speak to the section. It has to do with ending the current publication regime relating to tax defaulters. Will the Minister explain the rationale?

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

Pearse Doherty: I support the amendments. This section 75 would replace the old regime of section 74, but why has the threshold for publication on the list of tax defaulters been increased from €35,000 to €50,000?

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

Pearse Doherty: I thank the Minister.

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

Pearse Doherty: On a point of order, as we are beyond the time when we were due to adjourn, I suggest that we not go into this section and leave it for the morning instead, if the committee were agreeable. We could, however, dispose of sections 78 to 83, inclusive, now and get them out of the way.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (17 Nov 2021)

Pearse Doherty: What was the proposal?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (17 Nov 2021)

Pearse Doherty: I am okay with a 10.30 a.m. start. I have to be in the Chamber at 12 noon for Leaders' Questions. At what time will we break tomorrow?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (17 Nov 2021)

Pearse Doherty: Starting at 10.30 a.m. is fine, and we can adjourn at 12 noon.

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

Pearse Doherty: The logic of the Minister's argument is we should never tax the banks because doing so means they will have less capital, will charge higher interest rates and will be less capable of lending into the economy. It is a ridiculous, crazy argument for a Minister for Finance to put forward. There is no rational defence of why we would allow banks, that between them have recorded more than...

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

Pearse Doherty: Thank you, Chairman. This is a question about a report on the projected tax revenue generated by increases in carbon tax in each year from 2021 to 2030, its resultant impact on household carbon emissions and its interaction with the national development plan. We have made it clear time and again that we are not opposed to behavioural taxes in principle. We supported sugar taxes, plastic...

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

Pearse Doherty: I had an amendment here-----