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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Kieran O'Donnell: I made a statement of fact.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank: Discussion (5 Dec 2019)

Kieran O'Donnell: Is Mr. Makhlouf independent of Government? Where does he see his role?

Seanad: Prohibition of Nuclear Weapons Bill 2019: Second and Subsequent Stages (4 Dec 2019)

Kieran O'Donnell: I thank the Minister of State and call Senator Joe O'Reilly.

Seanad: Finance (Tax Appeals and Prospectus Regulation) Bill 2019: Committee and Remaining Stages (3 Dec 2019)

Kieran O'Donnell: I am a slight bit behind. I wanted to speak specifically to section 18 on the living city initiative. I realise we have agreed it. Could I be indulged?

Seanad: Finance (Tax Appeals and Prospectus Regulation) Bill 2019: Committee and Remaining Stages (3 Dec 2019)

Kieran O'Donnell: My apologies. What I was just told was both good news and bad news. The bad news is that I was not aware which Bill we were on but the good news is that I will be able to bring up what I need to when considering the Finance Bill 2019 next. I thank the Chairman for his indulgence.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: This is a healthy debate, but the context is that we are operating globally and we must compete at international level. It is all about intellectual property and people coming back here and bringing experience with them. In many of the multinational companies that have thrived here, and continue to thrive, the top management is now Irish. One of the reasons they have stayed here and...

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: As I have seen on many occasions, we have kept multinational companies in Ireland because the top managers are based here and many of them are Irish. An expansion has taken place. There must be an element of looking at the overall market in which we are competing and assessing whether having this range of measures ensures that we retain jobs and create more of them in a specific area. On...

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: This is probably what we should be doing. We probably do not have enough time to have a debate at this level.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: I am just making a general point. The Senator's point is out of context. This is not about creating a rate within Ireland; it is about creating something that will bring extra jobs into the Irish economy.It is about creating something that would bring additional jobs into the economy. It is a particular measure. It may not even be a long-term measure. I disagree with Senator Higgins's...

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: With respect, you are taking an ideological viewpoint.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: I wish to finish my point. The Senator is making the point that this is a tax-avoidance measure and that it should come in the form of income and be subject to income tax at the higher rate. I see this as a practical measure that allows companies operating in a very competitive environment to retain key staff members who may move to another company abroad or at home. This particular...

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: I want to check. I might have the original. Section 18-----

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: Section 18 concerns the living city initiative.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: Which section deals with the living city initiative? Recommendation No, 3, which concerns a report on the review by the Revenue Commissioners on flat rate expenses does not appear to be in any way in sync with section 18.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: I want to speak on that recommendation but I do not want it passed.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: Is it definitely section 17?

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: -----is section 18 but what I am saying is that with regard to section 18, recommendation No. 3 states that on page 20-----

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: It is a bit out of sync. Is the Senator moving recommendation No. 3, which deals with a report on flat rate expenses, under section 18 because it has nothing to do with the living city initiative?

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: I am just concerned about the recommendation.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Kieran O'Donnell: It is good to see Senator Horkan is inclusive.

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