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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Gerry Horkan: Does Ms Lavin know if the €650,000 was ever paid to Revenue?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Gerry Horkan: Ms Lavin is saying that Ulster Bank, through its GRG manager, agreed to pay €650,000 to Revenue. It more or less told her that she had to take the buyout in respect of the €1.6 million. She knew that out of that, she had an obligation to pay it to Revenue and that payment was never made.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Gerry Horkan: So Revenue is down €650,000 and, ultimately, the Irish State is down €650,000. It might be small money in the context of all the figures we are talking about it is lot of money to most people.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Gerry Horkan: Most people would not be in a position where they owe that kind of money and do not want to pay it. On a personal level, the loss of Bill Cullen's brother is hugely traumatic and a situation like this contributed massively to the whole thing. It has been very public. Bill Cullen has gone from very little to so much and back again. It is horrific. I thank Ms Lavin for what she has done. ...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Gerry Horkan: Not in most places. Even if the English might think he was great, most of us have a jaundiced view of his existence. Mr. Beades compared John Moran to Cromwell and said that Mr. Moran was thrilled to welcome the vulture funds, as outlined in the documentary. Can Mr. Beades elaborate on that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Gerry Horkan: Mr. Beades spoke about tracker mortgages. The situation around tracker mortgages is a scandal but Mr. Beades is basically saying that this is the big scandal. In other words, that the situation around tracker mortgages is not of the same order as this scandal and that this scandal is far worse and that there are far bigger issues involved than is even the case with tracker mortgages.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Gerry Horkan: Mr. Beades talks about large numbers. Could he elaborate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Gerry Horkan: What does Mr. Beades expect to see in 2017 and 2018 In terms of evictions and repossessions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Gerry Horkan: I apologise as I was short of time. I thank Mr. Beades.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Gerry Horkan: I could use another 20 minutes.

Seanad: Junior Cycle Reform: Motion (25 Jan 2017)

Gerry Horkan: It is rare to witness such unanimity across the Chamber or to have a ratio of two to one in Government and Opposition speakers in favour of the Government.

Seanad: Junior Cycle Reform: Motion (25 Jan 2017)

Gerry Horkan: You might get into a history book.

Seanad: Junior Cycle Reform: Motion (25 Jan 2017)

Gerry Horkan: I think it is fairly clear cut, but I do have to ask the question.

Seanad: Order of Business (24 Jan 2017)

Gerry Horkan: I wish everybody a happy new year and a very successful 2017 to all Members. Many of us have been back for a number of weeks as we had committee meetings last week and earlier today. The finance committee raised the common consolidated corporate tax base, CCCTB, with the European Commissioner, Mr. Moscovici, and this House and the wider public need to be aware of the proposal and what it...

Seanad: Order of Business (24 Jan 2017)

Gerry Horkan: No, it is not that, a Chathaoirligh, it is the common consolidated corporate tax base. A total of 80% of our corporation tax is coming from multinationals and we need to protect our tax base. It is what keeps the lights on and what keeps the country running. It is a very significant part of our overall revenue stream and we must be vigilant as to how CCCTB develops. I echo the concerns of...

Seanad: Order of Business (24 Jan 2017)

Gerry Horkan: Nice try anyway.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU Corporate Taxation and Investment and Growth Strategies: Commissioner for Economic and Financial Affairs, Taxation and Customs (24 Jan 2017)

Gerry Horkan: There are a couple of small points which have not been covered. As a committee, we produced a reasoned opinion which we sent to the Commission before Christmas. Has the Commissioner read it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU Corporate Taxation and Investment and Growth Strategies: Commissioner for Economic and Financial Affairs, Taxation and Customs (24 Jan 2017)

Gerry Horkan: I think six member states have issued reasoned opinions. What is the Commissioner's response to our reasoned opinion? There are a lot of concerns. While the Commissioner is saying it is a proposal and that we have engaged, co-operated and participated in country-by-country reporting, we have enormous concerns, as Senator Kieran O'Donnell and others outlined, about sales which do not take...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)

Gerry Horkan: He is in the Lower House now. I thank the witnesses for their contributions. The Brexit debate has been very important and essential. The Department is much more than Brexit and has a huge amount of bodies under its remit, with 18 listed in the statement. I want to touch on some other relevant points. I did not see a date in the statement of strategy. Other than the reference to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)

Gerry Horkan: It might be helpful to put a date on it. I could work out it was post-Brexit from the fairly minimal amount of references to Brexit. Two separate sentences, that the Department will continue to work at international level to help influence debate on corporate taxation and the Department will be at the forefront of the legal challenge to the European Commission state aid ruling with...

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