Results 9,981-10,000 of 10,460 for speaker:Gerry Horkan

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: Sorry to cut across you but those assets are not part of the definition of assets. Only fixed assets are in question. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: It includes property, plant, equipment, vehicles and so on. That would be a small component of the balance sheets of many large companies, presumably.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: No other members have indicated they wish to contribute. I thank all of our witnesses, Mr. Ronan Hession, Ms Kate Levey, Ms Yvonne Quirke and Mr. Brendan Crowley for their attendance and for the opening statements.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: We will continue to scrutinise the following EU proposals on a corporate tax reform package, including the common consolidated corporate tax base: COM (2016) 683; COM (2016) 685; COM (2016) 686; and COM (2016) 687. The witnesses from the European Commission are Mr. Bert Zuijdendorp, head of company taxation initiatives unit; Mr. Uwe Ihli, taxation and customs unit; and Mr. Tim Hayes. I...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: I will have to stop the Deputy after this response because I want to allow the other members in and we are very pushed for time. I ask the witness to be as brief as possible in his response. I will then invite Senator Burke in.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: Senator Paddy Burke is next. I remind all members to stick to five minutes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: Would Mr. Zuijdendorp like to respond?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: That is why I am offering Mr. Zuijdendorp the chance to respond.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: I remind everybody that we are short of time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Gerry Horkan: I do not have time to quiz Mr. Zuijdendorp but I concur with almost all the speakers who all have expressed serious reservations, from an Irish perspective, about the proposals in their current form. As they require unanimity, they will require a great deal of change but I am not sure if that is possible. I can see many people in this room at least being willing to sign up to them. I thank...

Seanad: Finance Bill 2016: Second Stage (1 Dec 2016)

Gerry Horkan: I thank the Minister. He is very welcome to the House. I welcome the opportunity to speak on the Finance Bill. The budget was fair because Fianna Fáil was able to negotiate a confidence and supply agreement with the Government. This secured a 3:1 ratio in favour of spending on services over tax cuts and outlined areas of focus that would make Ireland a fairer and fundamentally more...

Seanad: Finance Bill 2016: Second Stage (1 Dec 2016)

Gerry Horkan: According to the schedule, Committee Stage is listed for Wednesday.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Gerry Horkan: I wish to comment briefly on GRG, if that is possible at this point.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Gerry Horkan: We have discussed GRG but what has happened in the UK has not happened here. Is it possible for what happened in the UK to happen here in terms of analysing those businesses and seeing which are entitled to compensation? We should go through them systematically and examine them all. I would be interested to know the breakdown of real estate versus non-real estate. Obviously, lots of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Gerry Horkan: So all 2,141 businesses, or whatever the figure is, who went into GRG will all be looked at. They will not have to approach Ulster Bank and say, "We want our cases investigated".

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Gerry Horkan: Can we get a breakdown of those 2,141 cases between mature real estate problems, a mix of real estate caught up with other businesses that were lent money on the back of their viable businesses and then lost their viable businesses on the basis of real estate and pure SMEs that are not tied up in real estate who lost their businesses through the economic process?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Gerry Horkan: I accept that but I presume if it is a forensic or a fairly detailed review of each case, there is a manager or advisor dealing with all these individual holders or borrowers who will have a fair idea whether it was one or the other. I accept that there is a grey area between one and the other, but one could set up categories that would make it easier for us to understand what happened to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Gerry Horkan: That is what I am asking Mr. Blair.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Gerry Horkan: The point was made or suggested that only 100 survived within the book of Ulster Bank, but of the 2,100 some 100 survived within the bank's book and 2,000 were transferred out, dissolved, put into receivership or into liquidation. Can we have a breakdown of that? I accept that Mr. Blair does not know what happened to them after he got rid of them, but how many were not even sold to vulture...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Gerry Horkan: Would it be sensible or logical to assume that some of them survived post-transfer, or were they all just transferred out to be dissolved or closed down by the vulture funds? If so, it was not the bank's problem to get rid of them but they were ultimately closed down. Do we know of some of them that survived after the bank got rid of them?