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Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: Would it have a significant effect on the Irish Financial Services Centre, IFSC, if we decided to go offside on how international accounting rules are operated?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: On the brass plate issue and the IFSC, is it correct that the same operations occur in Luxembourg and London on a much larger scale?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: Is it exactly the same that happens in the UK and Luxembourg?

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: That is because it is easy to give its reputation a severe battering.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: The Wall Street Journalwould have its own agenda also.

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: On the international scene, much of the debate appears to focus on what happens in Ireland and Holland, but perhaps I am wrong. Why is there not as great a desire to rein in the tax havens? There are trillions of euro on account in what are described as "tax havens". They are called "tax havens" as our taxation commissioners and the revenue services of other countries cannot gain access to...

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Ireland's Corporate Tax System: Discussion (27 May 2014)

Liam Twomey: In recent years, I have attended meetings of the OECD in Paris on global taxation issues. One can see a lot of finger-pointing over there and we are often at the receiving end. However, the leadership of the OECD makes it quite clear that we are very transparent in regard to how we deal with our taxation matters. Other countries have often been picked by the OECD chairmen when they are...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Protected Disclosures Bill 2013: Committee Stage (14 May 2014)

Liam Twomey: I thank the Minister and his officials for attending.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Message to Dáil (14 May 2014)

Liam Twomey: In accordance with Standing Order 87, the following message will be sent to the Dáil: The Select Sub-Committee on Public Expenditure and Reform has completed its consideration of the Protected Disclosures Bill 2013 and has made amendments thereto.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Protected Disclosures Bill 2013: Committee Stage (14 May 2014)

Liam Twomey: Does the Deputy have a problem with amendment No. 29?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Protected Disclosures Bill 2013: Committee Stage (14 May 2014)

Liam Twomey: The amendment has already been discussed with section 10. Is it agreed that the new section be there inserted?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Protected Disclosures Bill 2013: Committee Stage (14 May 2014)

Liam Twomey: Amendment No. 19 in the name of Deputy Sean Fleming cannot be moved.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Protected Disclosures Bill 2013: Committee Stage (14 May 2014)

Liam Twomey: Amendment No. 21 in the name of Deputy Sean Fleming is out of order.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Protected Disclosures Bill 2013: Committee Stage (14 May 2014)

Liam Twomey: It is in conflict with the principle of the Bill. In addition, amendment No. 22 cannot be moved.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Protected Disclosures Bill 2013: Committee Stage (14 May 2014)

Liam Twomey: Before I put the question, I wish to draw the attention of members to the fact that I am required by Standing Orders to propose that section 19 stand part of the Bill. I note that the Minister's amendment, which inserts a new section 19, envisages that the existing section 19 would be deleted. Accordingly, a member who wishes to have the existing section 19 deleted will declare against the...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Protected Disclosures Bill 2013: Committee Stage (14 May 2014)

Liam Twomey: Amendment No. 15 is in the name of Deputy Mary Lou McDonald. Amendments Nos. 15 and 16 are related and will be discussed together.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Protected Disclosures Bill 2013: Committee Stage (14 May 2014)

Liam Twomey: Can Deputy Mary Lou McDonald ask her questions at this stage?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Protected Disclosures Bill 2013: Committee Stage (14 May 2014)

Liam Twomey: Is that it?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Protected Disclosures Bill 2013: Committee Stage (14 May 2014)

Liam Twomey: That is correct.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Protected Disclosures Bill 2013: Committee Stage (14 May 2014)

Liam Twomey: Did the Minister refer to amendments Nos. 11 and 12?

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