Results 9,341-9,360 of 35,575 for speaker:Pearse Doherty

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Banking Matters: Discussion (16 Jun 2021)

Pearse Doherty: I appreciate that. I believe that this is a genuine case. I note that many people have issues with banks and financial institutions but some are given advice which is not good advice, and I always encourage people to seek professional advice. The committee needs to follow up on this. Maybe after this meeting, we can send the entire transcript to the Central Bank, highlight some key...

Saincheisteanna Tráthúla - Topical Issue Debate: Aviation Industry (15 Jun 2021)

Pearse Doherty: I spoke to the Minister for Transport, Deputy Ryan, on Saturday as the news emerged of the liquidation of Stobart Air. I pleaded with him to drop the idea of going for the tender process and to embark instead upon the emergency procurement process. I am glad to say that has been announced this morning, and it could mean we can have these services up and running within what the Department...

Saincheisteanna Tráthúla - Topical Issue Debate: Aviation Industry (15 Jun 2021)

Pearse Doherty: I reiterate that I welcome going with an emergency process that I discussed with the Minister on Saturday. I also discussed with him the fact other airlines were interested in this lucrative PSO deal. I am pressing the Government tonight to see if this process can be shortened in any way. The Minister for Transport said that the process would begin next week but the Minister of State has...

Ceisteanna Eile - Other Questions: Housing Policy (15 Jun 2021)

Pearse Doherty: 58. To ask the Minister for Finance the number of forward purchase agreements that were made prior to the passing of the financial resolution on 19 May 2021 providing for a 10% stamp duty measure on the bulk purchase of homes, such that the residential units under such agreements will not be subject to the measure when they are completed; the number of such units; the number of such forward...

Ceisteanna Eile - Other Questions: Housing Policy (15 Jun 2021)

Pearse Doherty: In the middle of May, the Government brought forward a financial resolution to the Dáil to provide for a 10% stamp duty charge on the bulk purchase of ten or more residential homes. I assume the Minister, Deputy Donohoe, and the Minister for Housing, Local Government and Heritage crafted this measure in the full knowledge of activities in the housing market. Will the Minister indicate...

Ceisteanna Eile - Other Questions: Housing Policy (15 Jun 2021)

Pearse Doherty: That is an interesting but not surprising response from the Minister. He has no idea how many forward purchase agreements are already in place, yet he exempted every single one of them from the 10% stamp duty charge. He has no idea how many transactions have been completed since that date, yet he exempted them all from the increased stamp duty. That speaks volumes about how the Government...

Ceisteanna Eile - Other Questions: Housing Policy (15 Jun 2021)

Pearse Doherty: I ask the Minister to let me explain this to him. It is not about apartments. He exempted every single apartment from this stamp duty charge. This is about homes. He exempted funds that are buying full housing estates if there was a forward purchase arrangement already in place. That is the point. It is nothing to do with apartments, every one of which is exempt in any case under his...

Ceisteanna Eile - Other Questions: Economic and Social Research Institute (15 Jun 2021)

Pearse Doherty: The State withdrew from it for a long time. The problem is that even when the Government has re-entered, it has not been up to scale. Read what the Economic and Social Research Institute, ESRI, said and stop dodging the question. It said to double capital investment in housing. Sinn Féin has been saying it year after year. The Government has remained tone deaf to that message. As a...

Ceisteanna Eile - Other Questions: Economic and Social Research Institute (15 Jun 2021)

Pearse Doherty: It was reported to the Ceann Comhairle's office that I would take Deputy O'Reilly's question on her behalf.

Ceisteanna Eile - Other Questions: Economic and Social Research Institute (15 Jun 2021)

Pearse Doherty: Housing policy over the past decade has failed. There has been an excessive reliance on developers and investment funds to deliver supply since the State withdrew from the housing market. Today's housing crisis is causing serious social dislocation. It is damaging the life prospects and chances of many workers and families in our communities. It is also damaging for the competitiveness of...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (15 Jun 2021)

Pearse Doherty: As the Minister knows, the agreement reached by the G7, which may not be the final agreement, only applies to certain companies. Even if it is applied, it will not affect all companies or foreign direct investment, FDI, companies here in Ireland. At this early stage, what is the Department's view of applying a minimum effective tax rate - whatever rate is agreed through the OECD process -...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (15 Jun 2021)

Pearse Doherty: 53. To ask the Minister for Finance the details of the agreement reached by the G7 and outlined in its communiqué published on 5 June 2021 regarding international tax reform in particular, the reallocation of profits and taxing rights for multinationals with profits margins above 10 %; the way it will operate if implemented; the multinationals that will be included and excluded; the OECD...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (15 Jun 2021)

Pearse Doherty: The second component or plank of the G7 agreement on international taxation that was announced was to reallocate profits and taxing rights so that multinationals pay tax where they operate rather than only where their head offices are based. This mirrors pillar 1 of the BEPS process and will, if implemented, affect the State's revenues. However the published communiqué, while offering...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (15 Jun 2021)

Pearse Doherty: As I said in my earlier contribution, Sinn Féin supports the BEPS process and believes we should assert our own influence on it. Based on the formula proposed by the OECD, the Department of Finance estimated in January 2020 that this could reduce the State's corporation tax revenue by approximately €2 billion annually. However, the agreement announced by the G7 last Saturday...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (15 Jun 2021)

Pearse Doherty: Agreement at OECD level can only be reached if that agreement and both pillars operate on a fair and equitable basis. While we know that developing countries will, in all likelihood, be pushing for stronger measures under pillar 2 to increase their own revenues, it is now clear that members of the G7 are seeking their own exemptions and carve-outs for strategic companies, industries and...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (15 Jun 2021)

Pearse Doherty: 51. To ask the Minister for Finance the details of the agreement reached by the G7 and outlined in its communiqué published on 5 June 2021 regarding international tax reform in particular the introduction of a global minimum tax rate of at least 15% for each country; the way it will operate; the impact on the State, its revenues and inward investment offering over medium and long-term...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (15 Jun 2021)

Pearse Doherty: On 5 June, the G7 reached an agreement on concrete actions, including a suite of tax measures to respond to the increasing globalisation and digitalisation of the world economy. Among the measures agreed was the introduction of a global minimum tax rate of at least 15% for each country. All we have is a published communiqué but the Minister was in the room in his capacity as the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (15 Jun 2021)

Pearse Doherty: I apologise for interrupting but my understanding is that priority questions cannot be grouped. We sought guidance from the Ceann Comhairle's office and we were told that the Minister's office had been informed of that advice. It is important that we deal with these two matters separately and priority questions cannot be grouped.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (15 Jun 2021)

Pearse Doherty: The Minister knows Sinn Féin supports the OECD base erosion and profit shifting, BEPS, process. The announcement by the G7 of its intention to establish a global minimum effective corporation tax rate of 15% was the view of that group regarding where pillar 2 of that process should land, but there are other views. Pillar 2 in any global minimum effective corporate tax rate will not be...

Pyrite and Mica Redress Issues: Motion [Private Members] (15 Jun 2021)

Pearse Doherty: Cuirim fáilte roimh an díospóireacht agus as an deis labhairt ar an ábhar seo tráthnóna inniu sa Dáil. Is ábhar é atá ag cur isteach go mór ar theaghlaigh ar fud mo cheantair féin i nDún na nGall. Tá úinéirí tí scriosta de bharr an scannail míoca agus piríte. Seasaim agus tréaslaím...