Results 9,181-9,200 of 40,550 for speaker:Joan Burton
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: I can't give you a precise figure-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: -----but it would have been significantly lower.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: It would have been-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: The ... but the guarantee in its major purpose, which was to get deposits to flow back into the Irish banks and stop a run on the banks, did not succeed in that purpose, Deputy. So the guarantee was a disaster for the Irish people because, in effect, what happened with the guarantee was the Irish taxpayer took sole responsibility for the debts of the banks when, in fact, in my view, the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: Sorry, I thought you were continuing. I would say that I became the finance spokesperson for the Labour Party in late-2003, just before ... in late-2002, just before the budget for 2003 - I think the week before the budget of 2003, which was in early December 2003 - and between then and 2007, I used my opportunities as finance spokesperson for the Labour Party to lay out a series of issues...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: So I became very concerned about the speculation in building land and the speculation ... the development of very speculative rezoning, because in the old Dublin County Council it was an area where tens of thousands of homes were going to be built for families and individuals and that was right and proper, but the level of zoning and, subsequently then, the level of lending by banks in...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: I became aware that for instance-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: Yes. I became aware that for instance, developments like, say, multi-storey car parks were becoming vehicles not simply for development but they were becoming vehicles for tax avoidance by high net worth individuals and in this, there was just a very significant build-up of what I felt was activity, not for the purposes of the genuine development which the country needed, but development of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: Well, what I proposed in many of the debates and discussions ... and, in fact, ultimately, Brian Lenihan actually adopted an element of my proposals because we had many conversation, particularly when things went wrong for the country and, you know, he was concerned to try and do his best to salvage the wreckage. First of all, I spoke at length about the notion of a minimum effective tax...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: Yes. In relation to the proposal about reducing the lower rate of tax, remember, as you've just said, the upper rate of tax had come down by some seven points over the period and we were concerned that ordinary, you know, working families, people on modest incomes, particularly young people going into employment, that they, for instance, would enter the tax situation at a lower point. Now...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: -----compared to people on modest incomes facing a 20% rate as their starter rate, and that was very-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: What?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: And the other alternative was to increase the bands and to increase the credits, and they were alternatives to doing it, but, effectively, the Labour Party was interested in seeing ... and, you know, again, the situation of people going into work, of work paying and tax not being excessive.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: No, because we had a very detailed analysis of where the tax system strongly favoured very wealthy people who ended up paying nought to 5% of income tax, whereas a young man or woman just commencing work on a modest salary could actually enter into the tax net at an initial rate of 20%, where as those who entered into the higher rate had, in the proceeding years, actually gained a reduction...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: No. I wasn't ever invited-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: -----to have an audience with the secretary of the Department of Finance, but I did meet with the chief executive officer of the NTMA from time to time. In fact, myself and Deputy Rabbitte did, but not with the secretary of the Department of Finance, other than when the crisis was upon the country. I met on one occasion with Mr. Cardiff; I never met with his predecessor.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Joan Burton: I was available to meet but they were not inclined to meet-----