Results 10,301-10,320 of 35,575 for speaker:Pearse Doherty

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...

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

Pearse Doherty: Can I ask a question? I know we have just agreed section 11 but there are a number of amendments that have not been dealt which propose the insertion of a new section 11. Can the Acting Chairman indicate when they will be taken?

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

Pearse Doherty: Amendments Nos. 6, 7 and perhaps 8. Some of the amendments proposing the insertion of a new section are in Deputy Boyd Barrett's name. We suspended discussion on them to-----

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

Pearse Doherty: No. We were discussing amendments Nos. 6 and 7, which were grouped. The Minister was in mid-flow when we parked discussion on them because there was a change of personnel. I am happy enough as long as we need to take them but we are now agreeing a new section 11 and as these amendments proposed to insert a new section 11 I am wondering about the order. Amendments Nos. 6 to 8, inclusive,...

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

Pearse Doherty: Okay.

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

Pearse Doherty: I thank the Acting Chairman.

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

Pearse Doherty: Agreed.

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

Pearse Doherty: Section 13 relates to the professional services withholding tax. I ask the Minister to outline the intention behind it.

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

Pearse Doherty: On the Minister's last point, when is it intended that he will be providing that order to commence this section?

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

Pearse Doherty: While we pause, are we set up to go beyond section 24 this evening? Are the officials available or is it the intention to try to get to section 24 and leave it at that?

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

Pearse Doherty: I move amendment No. 122: In page 37, after line 35, to insert the following: “Report on applying CGT to all sales of property by REITs 17.The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on applying the full rate of Capital Gains Tax of 33 per cent to all disposals of property of the rental business of a REIT...

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

Pearse Doherty: I will start by welcoming the figures the Minister provided because I do not think he has put them in the public domain before. The figure of €65.04 million represents a dividend withholding tax rate of 18.4%, which is significant progress and something to be welcomed. When I argued for the introduction of a dividend withholding tax in respect of these funds, I stated that it should...

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

Pearse Doherty: I acknowledge the Minister’s collection of the data and I acknowledge also that it was an amendment that I put down in the Finance Bill and the Minister accepted that he would do that, which I welcome. I also acknowledge that there were changes last year. The point I have been making is that in years prior to that, we have been putting data on the record, have had debates on the...

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

Pearse Doherty: We can bandy figures around - and I do not dispute the Minister’s figures - but these are the biggest landlords in the State. Let us call a spade a spade. The Minister for Finance is sitting here and saying that we should not charge those involved capital gains tax when they dispose of assets, and, by God, let us not ask them to pay corporation tax on their rental income. These are...

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

Pearse Doherty: I have already acknowledged that point and I ask that we might get this issue clear and go a little bit deeper into it. What is the percentage of residential investors in a REIT compared with international non-resident investors? The structure has been set up in a way that it is for non-resident investors. Why is that? It is because if one is a resident investor one will have to pay some...

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

Pearse Doherty: The Minister will get the information for me on non-resident investors. The latter comprise the majority of the investors. The Minister stated that these entities are taxed fairly, that I did not acknowledge that point and that he receives tax from them in another way. He does not charge these entities capital gains tax at 33% or corporation tax on the sky-high rents that they are charging...

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

Pearse Doherty: At what rate?

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

Pearse Doherty: And what rate is that?