Results 10,261-10,280 of 12,320 for speaker:Paul Murphy

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Paul Murphy: I move amendment No. 107:In page 99, line 35, to delete "May" and substitute "January".

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Paul Murphy: I move amendment No. 109:In page 100, line 9, to delete "May" and substitute "January".

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Paul Murphy: Deputy Richard Boyd Barrett and I have tabled amendments Nos. 105, 107 and 109, which are essentially identical to the amendments in the names of Deputies Pearse Doherty and Joan Burton. The first thing that comes to mind when we are discussing this stuff is why on earth there were penalty mitigation arrangements for tax defaulters in the first place. Why should people who are engaged in...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Paul Murphy: 1 o’clock I move amendment No. 89:In page 67, between lines 23 and 24, to insert the following:“25. The Minister for Finance is to report to the Dáil within six months of the enactment of this Act on the projected cost of property-related exemptions from Capital Gains Tax, including the Capital Gains Tax exemption for properties bought between 7 December 2011 and the...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Paul Murphy: To be honest, I do not accept the connection of corporation tax with growth and jobs, etc., in the very clear way that the Minister would like to put it forward. Mr. Michael Burke, an economist in Britain who writes often enough about Ireland, did an amount of research on this, including the relationship between corporation tax rates and growth. He concluded there is no effective...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Paul Murphy: The proof of the pudding is in the lack of an indigenous manufacturing and industrial base in this country. It is a failure. Brexit, Mr. Trump and a few international developments could come along and wipe out the entire strategy overnight. It is not a way to develop an economy in a sustainable way. Unfortunately, the chickens will come home to roost and I am not sure the Government has...

Written Answers — Department of Foreign Affairs and Trade: Human Rights Cases (23 Nov 2016)

Paul Murphy: 40. To ask the Minister for Foreign Affairs and Trade his views on the recent sixteenth postponement of the trial of a person (details supplied) in Egypt; the contacts his Department has had with the person and the Egyptian authorities; and if he will make a statement on the matter. [36308/16]

Finance Bill 2016: Report Stage (22 Nov 2016)

Paul Murphy: The Government's policy for a period of years has been to provide for reductions in the USC. The biggest benefits of the reductions, in the way the Government has provided for them, have gone to those earning more than €70,000. It has been part of reframing by the Government and Fianna Fáil what a middle income earner is, when the reality is that 93% of workers earn less than...

Finance Bill 2016: Report Stage (22 Nov 2016)

Paul Murphy: I move amendment No. 2:In page 5, between lines 16 and 17, to insert the following:“2. The Minister for Finance is to order a study to be carried out into the impact of USC on ensuring a socially just distribution of income and is to report to the Dáil within six months of the enactment of this Act on the findings of the study.”. It has been put about that the universal...

Finance Bill 2016: Report Stage (22 Nov 2016)

Paul Murphy: I restate that we are only looking for a study. I agree with the point made by Deputy Pearse Doherty. If Fianna Fáil was to change its mind and we were to pass this amendment so that there was a study on this, I do not think there would be a run on the banks tomorrow morning. It gets to the heart of the difference in politics in this country. There are those who are happy to load...

Finance Bill 2016: Report Stage (22 Nov 2016)

Paul Murphy: Deputy Michael McGrath summed it up in terms of the approach of the Government - Fianna Fáil and Fine Gael - by saying we want to have an environment that is pro-investment and that it would send the wrong signals to even have a study about a millionaire's tax. In effect, what is contained in that statement is the core strategy of the establishment political parties in this country...

Finance Bill 2016: Report Stage (22 Nov 2016)

Paul Murphy: I move amendment No. 1:In page 5, between lines 14 and 15, to insert the following: “CHAPTER 2 A Millionaire’s Tax on WealthStudy on Introduction of a Millionaire’s Tax on Wealth 2. The Minister for Finance is to order a study to be carried out on introducing a millionaire’s tax on net assets exceeding €1 million and is to report to the Dáil within...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: I thank Mr. Masding for his presentation. Question No. 3 on page 15 relates to the €4 billion bailout for PTSB. The question is about how much has been repaid and how much will be repaid. When one adds everything together, which includes the deposit guarantee scheme, effectively the witness is saying the bank has repaid €2.6 billion of the €4 billion bailout. However,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: The fundamental point is whether it was good use of the public's money to spend more than €4 billion to keep Permanent TSB alive, as opposed to saving depositors and using those resources for society. Given the witnesses' position, they will have only one answer to that and I will not bother seeking it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: A brief one.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: I will return to the questions Deputy Sherlock asked about buy-to-let repossession. Permanent TSB has 672 voluntary surrenders and 56 repossessions of buy-to-let properties, which is a total of 728. How many of those cases involved the eviction of the tenants to achieve vacant possession?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: Does the bank keep statistics on that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: The State owns 75% of the bank. Has there been a requirement from the Minister for Finance or any representations from the State regarding policies relating to eviction of tenants in the context of buy-to-let repossessions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: That means, hopefully, no direct evictions. The number of owner-occupier mortgages in arrears is down 50% since September 2013. Part of that is the selling of approximately 5,500 mortgages to vulture funds. Do the witnesses have any idea what happened there? Is the question of whether they will evict tenants something the witnesses take into account when they are choosing to whom they...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Paul Murphy: Have the witnesses any idea what happened to those that were sold? They are implying that a bunch of them would be commercial property and so forth, but some of them could be connected residential.