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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paul Murphy: There are two points there. This is quite central to capitalism. It is quite central to the idea of private for-profit corporations; the very nature of their existence means they seek profitability even if it is to the detriment of their customers. That happens right across the market in many different ways but it is particularly extreme in the banks. The other point is that AIB and PTSB...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paul Murphy: My question is why did the public ownership of large portions of the banking system over this period of time not alter the culture? Why did the culture remain unchanged or largely unchanged and focused on profit? It was because it was a Government decision to continue to run the banks on a for-profit basis. It was not the Minister's Government's decision but it was a Government decision.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paul Murphy: My point is the shareholders and the Governments did not do anything to alter the culture of the banks because successive Governments were committed to private for-profit ownership and running of the banks. They continued with that same model of running the banks even when they were in public ownership. Let us remember the banks got into difficulty when they were private and run on that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paul Murphy: I have another issue. After meeting with the banks on 25 October 2017, the Minister in his statement referred to a range of policy measures available if the Central Bank deemed progress on this issue had not been sufficient or acceptable. One of those was amending tax law in a targeted way. Would the Minister care to expand on what he meant by that? What options were potentially available?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paul Murphy: If progress slows, stalls etc., would the Minister consider changing tax law? I refer to those banks which have been re-privatised and effectively can avoid paying corporation tax for decades as a result of the losses suffered in the course of the crisis and paid for by the taxpayer but which they can bring over into future years. Can that tax law be amended in a specific way in terms of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paul Murphy: Returning to how this happened and in a more specific way than the issue of culture, does the Minister have an opinion about how multiple financial institutions, all at the same time, took the same approach in terms of denying people their rights in respect of tracker mortgages to which they were entitled? Either Governor Lane or his assistant answered to the effect that this was just an...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paul Murphy: I thank the Minister.

Written Answers — Department of Education and Skills: Youth Services (16 Jan 2018)

Paul Murphy: 441. To ask the Minister for Education and Skills the Dublin and Dún Laoghaire Education Training Board's involvement in an organisation's facility (details supplied); if there are plans to decrease its involvement; the plans that exist to continue employment schemes there; and if he will make a statement on the matter. [1710/18]

Written Answers — Department of Justice and Equality: Direct Provision System (16 Jan 2018)

Paul Murphy: 551. To ask the Tánaiste and Minister for Justice and Equality the procedures in place if a resident in direct provision is suspected of not occupying their accommodation; if these procedures allow for due process including the presentation of evidence, the ability of the resident to contest the evidence and to put forward their own evidence; the sanctions that exist; the appeals...

Written Answers — Department of Justice and Equality: Direct Provision System (16 Jan 2018)

Paul Murphy: 552. To ask the Tánaiste and Minister for Justice and Equality his views on whether the eviction of a person (details supplied) from their accommodation in Knocklasheen direct provision centre in November 2017 was the result of a fair process in view of the lack of notice, an ability to contest evidence and to appeal the decision; and if he will make a statement on the matter. [55199/17]

Written Answers — Department of Health: National Lottery Funding Disbursement (16 Jan 2018)

Paul Murphy: 905. To ask the Minister for Health the reason the disbursement of lottery grants to a group (details supplied) has been delayed; if this disbursement can be expedited; and if he will make a statement on the matter. [55223/17]

Written Answers — Department of Employment Affairs and Social Protection: Community Employment Schemes Operation (16 Jan 2018)

Paul Murphy: 1601. To ask the Minister for Employment Affairs and Social Protection if her Department funds the paying of holiday pay for those on community employment schemes that pass away while working on the scheme and that have built up a holiday entitlement. [55196/17]

Topical Issue Debate: Redundancy Payments (14 Dec 2017)

Paul Murphy: That was not an answer to the letter written by Unite, the protest held today or the questions I asked. It is very unfortunate that neither the Minister for Finance, Deputy Donohoe, nor a Minister of State at the Department of Finance is available to deal with these queries, which are directed at the Minister. Capita holds extremely lucrative State contracts that are currently worth...

Topical Issue Debate: Redundancy Payments (14 Dec 2017)

Paul Murphy: I thank the Ceann Comhairle for selecting this topic. Christmas Grinch of 2017 goes to Capita PLC, the parent company of AMT-SYBEX, which has made at least six Unite members compulsorily redundant. We are now two weeks away from Christmas and Capita is refusing to abide by the Labour Court recommendations LCR 21574 which would give those workers, who have up to 20 years' service, five and...

Technological Universities Bill 2015: Report Stage (14 Dec 2017)

Paul Murphy: I support these amendments, which are vital in terms of defending student unions as representative, independent institutions of their members, which means they can operate effectively to represent their members on whatever issues arise instead of the potentially Orwellian scenario of the technological university deciding which body it will be dealing with and what body it denotes as a student...

Questions on Promised Legislation (14 Dec 2017)

Paul Murphy: To return to the issue of abortion, yesterday's committee votes were historic, particularly those relating to the repeal of the eighth amendment and access to abortion on request up to 12 weeks. What happened yesterday represents a victory for all of those who have fought for decades for the right of women to choose and it takes us to the next step. The Government says it is still committed...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Paul Murphy: I thank the witnesses for being here today. Mr. Byrne mentioned that his objective today is to talk about the future and what is happening now, which I believe. However, that is not my objective. What is important is that we establish to what extent AIB facilitated tax avoidance and tax evasion and thereby a substantial robbery of the public purse. Mr. Byrne referred in his opening...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Paul Murphy: On what basis was it an attractive location?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Paul Murphy: Mr. Byrne mentioned in his opening statement that the rationale for establishing the offshore presence was to support the bank's growing business franchise. There is a reason for this presence in the Isle of Man and Jersey and it is not because there were lots of people there or that they were attractive destinations in terms of climate and so on. Rather it is because they are jurisdictions...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Paul Murphy: I am doing so because I would like an answer.

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