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Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Estimates for Public Services 2013
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised)
(22 May 2013)

Ciarán Lynch: We will take them in sequence, if possible. Otherwise we will be moving back and forth. The next one will be programme A, European Union and international policy. We are on administration subheads I to VIII.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Estimates for Public Services 2013
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised)
(22 May 2013)

Ciarán Lynch: I thank the Deputy. Are there any more questions on these subheads? I will take all the questions together. Obviously as the Department with ministerial responsibility for running the bailout programme and the budgets that underpin it, we are very prudent on expenditure. We had significant savings in 2012 because of the very tight management of budgets. This year we are looking for...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Estimates for Public Services 2013
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised)
(22 May 2013)

Ciarán Lynch: In the context of Deputy McGrath's comments on NAMA, I understand that the agency will be coming under the provisions of the Freedom of Information Act. While that is not a panacea in terms of all of the issues the Deputy raised, it will certainly provide an additional vehicle through which information can be obtained. I now ask Deputy Boyd Barrett to make his opening remarks and then we...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Estimates for Public Services 2013
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised)
(22 May 2013)

Ciarán Lynch: I now call the meeting to order as we have a quorum. Apologies have been received from Deputy Pearse Doherty. Given the date, I will be quoting Marx but it will be Groucho Marx on this occasion and given that my birthday is next month, I will probably refer the comments to myself but as Groucho Marx once said, when the candles cost more than the cake, it is time to stop counting. On behalf...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: It is now 4 p.m. and I will bring the meeting to a conclusion. I thank Mr. Fraser and his officials for coming before us this afternoon. Several matters arose about which Mr. Fraser said he would correspond with us and I would appreciate receiving that correspondence when Mr. Fraser has the opportunity to follow up on those matters. That concludes this public session. We dealt with other...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: I must ask you to temper your language because you are making a judgment with regard to the morality of meetings. You can ask freely with regard to decision-making processes and so on but I must ask you to temper your language. Standing Orders have a particular reference in this regard. You are casting aspersions on people who are not before the committee this afternoon.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: Then re-contextualise what you are saying, Deputy.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: If you want Mr. Fraser to respond, stop talking.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: Stop talking if you want a response.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: Our corporation tax rate is not the issue, but it is being confused with the current debate on the way in which international transactions are conducted. The United States has failed to keep abreast of international taxation law and has not addressed intellectual copyright taxes in its jurisdiction. Some of those who have been complaining in the US Senate belong to a political party which...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: The Deputy is correct that there is a triangle in this room and I am at the top if it. Members must speak through the Chair.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: I will draw proceedings to a close at 4 p.m. as I am due to chair another meeting at 4.30 p.m.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: I might reframe the very interesting question raised by Deputy Liam Twomey. I will ask the same question in a different context on foot of Mr. Fraser's reply. What is his response to the suggestion that the current dynamic has no regard to the actual effective corporation tax rate in Ireland? I refer to what is happening globally, what we are hearing from America and what we have heard in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: My point is that we inherited the appointment of public interest directors to the boards of the banks without a mechanism for reporting back to the Oireachtas being put in place. In a similar way in this instance the Office of the Taoiseach is making an appointment without having in place a mechanism for the person to report back to the Office of the Taoiseach. Is that what Mr. Fraser is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: I assume there are minutes of each and every one of these meeting, regardless of whom the secretariat is providing and those minutes are, we are unsure this afternoon, going to the Departments of the Taoiseach or Finance and Public Expenditure and Reform. Are we sure that minutes from these meetings are going to a Department?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: I am not asking Mr. Fraser whether officials attend, because we are back to the point of earlier discussion. Is there a report of these meetings going to a Department?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: Will Mr. Fraser come back to us in due course?:

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: The Deputy will be allowed back in again later.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: Excuse me for interrupting, Deputy Humphreys, but can I check something? If the Taoiseach's office is not providing secretariat support to these subgroups, does that mean the office is then blind to what is happening at those meetings?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach (22 May 2013)

Ciarán Lynch: Who represents the Taoiseach's office at the meetings?

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