Results 1,121-1,140 of 4,810 for speaker:Liam Twomey
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Liam Twomey: Most of the points I wanted to raise have already been dealt with. With regard to productivity and how this is related to the patent cliff, is this not really a change in productivity? Is it linked to the way some of these companies, which have manufacturing plants in this country, also have external income that is put down to other companies related to the companies in this country? We...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Liam Twomey: Mr. McCarthy's explanation seems strange when the retail and construction sectors have collapsed in this country.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Liam Twomey: A few years ago, someone talked about the economy reaching a certain level of stability, leading to pent-up demand in the economy. The idea is that people have a significant amount of money, up to €3 billion or €4 billion, that is not rainy day money or money to reduce debt. If people saw stability they could start spending this money in the economy and it could lead to growth...
- Taxi Regulation Bill 2012 [Seanad]: Report Stage (Resumed) (2 Oct 2013)
Liam Twomey: Amendment No. 11 arises out of committee proceedings and has already been discussed with Amendment No. 2.
- Taxi Regulation Bill 2012 [Seanad]: Report Stage (Resumed) (2 Oct 2013)
Liam Twomey: Amendment No. 10 in the name of Deputy Dessie Ellis has already been discussed with amendment No. 2.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements with Ukraine and Dominica: Motion (19 Sep 2013)
Liam Twomey: Does the Minister of State engage in much interaction with his British counterparts in respect of these taxation agreements? This matter has cropped up to a fair degree during our deliberations on base erosion and profit shifting in the context of UK protectorates such as the British Virgin Islands.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements with Ukraine and Dominica: Motion (19 Sep 2013)
Liam Twomey: I thank the Minister of State and his officials for attending.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Message to Dáil (19 Sep 2013)
Liam Twomey: Under Standing Order 87 the following message will be sent to the Dáil: The Select Sub-Committee on Finance has completed its consideration of the following motion: That Dáil Éireann approves the following Orders in draft: (i) Double Taxation Relief (Taxes on Income and Capital Gains) (Ukraine) Order 2013, and (ii) Exchange of Information Relating to Taxes and Tax Matters...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements with Ukraine and Dominica: Motion (19 Sep 2013)
Liam Twomey: The purpose of today's meeting is to consider the Double Taxation Relief (Taxes on Income and Capital Gains) (Ukraine) Order 2013 and the Exchange of Information Relating to Taxes and Tax Matters (Dominica) Order 2013. I welcome the Minister of State at the Department of Finance, Deputy Brian Hayes, and his officials, to this meeting and thank them for assisting our consideration of the...
- Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)
Liam Twomey: I thank Mr. Tobin. I wish to thank all the officials, both from the Department of Finance and the Revenue Commissioners, for attending this discussion. It will certainly add to what the sub-committee intends to publish in the foreseeable future. I appreciate the witnesses giving of their time here today. As there is no other business, the joint sub-committee stands adjourned sine die.
- Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)
Liam Twomey: Much of the debate has focused on what Ireland is doing. The European Union authorities are meeting representatives from Ireland but also representatives from other countries. Much of the issue concerns tax avoidance, a global issue. The corporation tax rate is crystal clear; it is fairly straightforward. As the Office of the Revenue Commissioners has just pointed out, at all times one...
- Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)
Liam Twomey: Does Deputy Pearse Doherty wish to come in?
- Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)
Liam Twomey: When Congress held separate inquiries it was even more emphatic when it stated that the US has a huge role to play in closing off many of the loopholes.
- Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)
Liam Twomey: The Deputy has had 20 minutes. If he does not object, we will move on. I propose that we engage in another, shorter round of questions. There are two matters with which I wish to deal. Is it agreed that we should write to the Commission in order to try to elicit a response from it? Agreed. Perhaps Mr. Tobin could forward the map to which he referred in respect of taxes to the committee...
- Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)
Liam Twomey: I presume that the information given out yesterday was supplied to the Department.
- Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)
Liam Twomey: One interesting aspect of it relates to the fact that Senator Levin, the chairman of the US Congress sub-committee, made it clear that "check-the-box" tax regulations introduced in the United States in 1997 and the "look-through" rule first enacted by Congress in 2006 seemed to have facilitated significant offshore profit shifting in that jurisdiction. I have been involved with this...
- Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)
Liam Twomey: Mr. O'Dea might specifically address the issue raised by Deputy Doherty.
- Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)
Liam Twomey: I agree it is a point of order. The Revenue Commissioners and the Department of Finance have stated they will not comment on the tax affairs of any individual entity.
- Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)
Liam Twomey: I refer the Deputies to the warning on privilege which is read out before any meeting of the committee. We must endeavour not to make any charge against an individual or an entity.
- Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Base Erosion and Profit Shifting: Discussion with Department of Finance and Revenue (18 Sep 2013)
Liam Twomey: That is what-----