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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: On section 6 and the intention in terms of the mobility allowance scheme, it is a topical issue and something in respect of which people have lobbied across the political divide. Will the Minister outline the intention of this section?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: I move amendment No. 2: In page 10, between lines 34 and 35, to insert the following: ‘‘Report on economic and distributional impact of the Help to Buy Scheme 8. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the economic and distributional impact of the Help to Buy Scheme.”. Amendment No....

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: My first question would be to understand where the Minister is coming from. Will he give the committee his understanding of what is affordable housing? What is the number in his head for affordable housing? I will not go into the discussions Dublin City Council will have as they will be well played out later on. However, it goes to the core of Fine Gael's policy, which it pushes strongly,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: Let us take Dublin.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: For the Minister's information and in the context of his rebuttal of what I said with regard to the ESRI - and Ministers are entitled to form their own views - he should note that the institute spoke against the carbon tax. It stated that it would be regressive and would hit rural families, lone parents and poorer households the most. It argued for a different scheme, indeed, one close to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: I wish to withdraw amendment No. 2 and reserve the right to reintroduce it on Report Stage.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: I concur with what Deputy Farrell said about the seagoing naval personnel credit. This has been discussed and I just wanted to add my voice to what was said. We are also dealing with Deputy Denis Naughten's amendment. It appears that this is inserting a new section so that is the one to which I want to speak. The amendment relates to remote working. I want to get an understanding from...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: There are a couple of points there. The point I was trying to make to the Minister relates to the capital allowances companies would be entitled to to provide work stations and support workers when it comes to remote working. I heard the Minister's comments on the advantages for businesses and all the rest of it, and I am not suggesting that there should be a blanket provision for every...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: I move amendment No. 5: In page 11, after line 34, to insert the following: “Report on tapering out of income tax credits 11. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on tapering out income tax credits for incomes between €100,000 and €140,000 at a rate of 2.5 per cent for each...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: Section 24?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: No, hold on.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: The Acting Chairman needs to hold on here because how he is trying to go through this is inappropriate.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: Now, with respect, when I am speaking and I am not in the Chamber I ask that the Acting Chairman does not interrupt me until I have concluded because we are on remote access. There are 91 amendments grouped and, therefore, they are to be spoken about together. The Acting Chairman went to a vote on amendment No. 9. Once we finish speaking on these amendments that discussion cannot be...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: With the indulgence of the Acting Chairman, I invite the Minister to speak to the amendments. I am very conscious that of the close to 90 amendments in the group well over 80 of them are technical and can be noted but there are ones that have more substance. The Minister will also note that a number of amendments have been ruled out of order. I have one later but, as the Acting Chairman...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: To start with, there were many comments at the start suggesting that the CRSS was a grant scheme. Can the Minister clarify that it is not a grant, and that it is instead a claim that could be made in future, but which is being allowed to be made now as an advanced claim? I thank his officials for providing backup notes to some of the more complex parts of the Bill and for the briefing they...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: I thank the Minister for clarifying the fact it is an advance tax credit and, obviously, will not be available to use twice. Many businesses that contacted me believed the Government was issuing grants of up to €5,000 to them. In fairness, the Government has its spin unit but it allowed the perception to exist that these grants were additional to expenses that could be claimed and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: I know the Minister says it is similar to a grant. Is it not the case that, in the absence of the Covid restrictions support scheme, a company might have a tax liability of €10,000 at the end of the year, while with the Covid restrictions support scheme, it is receiving €3,000 over the period in which it is restricted, and so has a tax liability of €13,000? Its tax...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: I thank the Minister for those comments. I wish to clarify so that I am crystal clear on the operation of the scheme. I gave an example, which is the best way to clarify this for a hypothetical business. If a business received €3000 of CRS payments during the period of the restrictions, will that have an effect on the taxable income of a business when it is being computed from a...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: Does the Minister mean on that he will do it now or on Report Stage?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Pearse Doherty: I move amendment No. 102: In page 26, between lines 30 and 31, to insert the following: “Report on Covid Restrictions Support Scheme 12. The Minister shall, within two months of the passing of this Act, prepare and lay before Dáil Éireann a report on the operation of the Covid Restrictions Support Scheme, its eligibility criteria and its accessibility for businesses...

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