Results 9,061-9,080 of 15,555 for speaker:Eoghan Murphy

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Eoghan Murphy: I understand the reason the Deputy is proposing that the date for the implementation of this measure be brought forward. However, we have estimated a yield of €30 million in the budgetary arithmetic for the measure in 2017. If insufficient time is given for the initiative to work then any change in the date could prove counterproductive in that regard. In addition, when dealing with...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Eoghan Murphy: We do not have a timeline in respect of how long they will be in place but we can provide on to the Deputy. To speak to the amendments and the section, the intention is to pursue these people and to get this tax in. A voluntary disclosure regime makes it far easier on the part of Revenue to collect that tax. In so far as the date is concerned, 1 January is too soon if we want to be able...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Eoghan Murphy: It is a long-standing provision.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Eoghan Murphy: I thank the Deputy. He is correct, it is not an amnesty. People coming forward under the voluntary disclosure regime will still have to pay their taxes and any fines that might also be added - in other words, taxes, penalties and interest - under the voluntary process. The Chairman of the Revenue Commissioners has expressed his serious concern that shortening the timeframe to a date...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Eoghan Murphy: I move amendment No. 135: In page 75, to delete lines 35 to 40 and substitute the following: “(i) in paragraph (a), by substituting “a specified sum or an adjusted specified sum (within the meaning of subsection (2C) or (2D)), as the case may be, under subsection (2)(c), including as applied by subsection (2C) or (2D)” for “a specified sum under...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Eoghan Murphy: That is the intention of the amendments.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Eoghan Murphy: I move amendment No. 136: In page 76, to delete lines 4 to 43, and in page 77, to delete lines 1 to 7 and substitute the following: “ “(2C)(a) In this subsection— ‘adjusted specified sum’ means the total claim sum less the qualifying disclosure sum; ‘disclosing person’ means a person who makes a qualifying disclosure; ‘qualifying...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Eoghan Murphy: I move amendment No. 137: In page 77, to delete lines 9 to 12 and substitute the following: “(i) by deleting paragraph (b), (ii) in paragraph (c)— (I) by substituting “the specified sum or the adjusted specified sum (within the meaning of subsection (2C) or (2D)) referred to in paragraph (c) or (d), as the case may be, of subsection (2), including as applied by...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Eoghan Murphy: I move amendment No. 138: In page 77, to delete lines 13 to 21 and substitute the following: “(d) in subsection (4A)— (i) in paragraph (a)— (I) in the definition of “the consumer price index number relevant to a year”, by substituting “mid-December 2011 was 100” for “mid-December 2001 was 100”, (II) by substituting...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Eoghan Murphy: I move amendment No. 139: In page 77, line 26, after “(2C)” to insert “or (2D)”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Eoghan Murphy: I move amendment No. 140: In page 77, line 27, to delete “other than paragraph (d)” and substitute “other than paragraph (c)(ii)(II) and subparagraphs (i), (ii) and (iii) of paragraph (d)”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Eoghan Murphy: I move amendment No. 141: In page 77, line 29, after “accept” to insert “(including a sum that is the full amount of their claim)”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Eoghan Murphy: I move amendment No. 142: In page 77, line 32, to delete “Paragraph (d) of subsection (1) comes into operation” and substitute the following: “Paragraph (c)(ii)(II) and subparagraphs (i), (ii) and (iii) of paragraph (d) of subsection (1) come into operation”.

Ceisteanna - Questions - Priority Questions: Motor Insurance Regulation (10 Nov 2016)

Eoghan Murphy: The committee has been helpful. The work of the working group has been in private whereas the finance committee, embarking on a series of hearings, gave an opportunity for the Oireachtas to interrogate some of the information in the public domain. Again, it may have been put out in a particular fashion or perhaps to speak to a particular point. The committee has allowed the public to see...

Ceisteanna - Questions - Priority Questions: Motor Insurance Regulation (10 Nov 2016)

Eoghan Murphy: One will hear from the industry about how the insurance sector in Ireland works in super cycles, which is incredibly damaging for the economy. The ability for super cycles to play out again in the future is limited. We do, however, have a recommendation which will speak to a more long-standing commitment in terms of a commission which will keep us under constant review. The working group...

Ceisteanna - Questions - Priority Questions: Motor Insurance (10 Nov 2016)

Eoghan Murphy: I thank Deputy Michael McGrath for acknowledging the work being done by the working group. A very committed group of people has been working behind the scenes and spending a great deal of time trying to address this serious problem. There are approximately 40 recommendations covering nine areas. These were presented to the Minister with minutes of the meetings and some background...

Ceisteanna - Questions - Priority Questions: Motor Insurance Regulation (10 Nov 2016)

Eoghan Murphy: I have an official reply to Deputy Pearse Doherty's question, which is identical to the reply to the previous question. If we take the reply as read, I will speak to the Deputy's questions. If I may, I will first respond briefly to the issues raised by Deputy Michael McGrath a moment ago. We have to make a difference in this area for businesses and consumers and to have a competitive...

Ceisteanna - Questions - Priority Questions: Motor Insurance (10 Nov 2016)

Eoghan Murphy: The cost of insurance working group which I am chairing is examining the factors contributing to the increasing cost of insurance. The working group brings together all of the relevant Departments and offices involved in the process. Its objective is to identify immediate and longer term measures which could address increasing costs, while bearing in mind the need to maintain a stable...

Topical Issue Debate: Customs and Excise Controls (8 Nov 2016)

Eoghan Murphy: To reiterate, the Minister is happy to support any case Revenue might make for additional resources, including for dealing with the implication of Brexit over the coming years. The Deputy has provided specific information which he thinks will assist Revenue and I know Revenue will be happy to receive it, in particular the issues raised in so far as sea access to the west is concerned. He...

Topical Issue Debate: Customs and Excise Controls (8 Nov 2016)

Eoghan Murphy: I thank the Ceann Comhairle, and I thank Deputy Tony McLoughlin for raising this important matter. The Deputy's commitment in this area is long-standing and well known. The deployment of Revenue staff is a matter for the Revenue Commissioners. I am advised by Revenue that they use a broad range of data, intelligence and analytical technologies to identify and evaluate risk. Insights and...