Results 1,161-1,180 of 2,551 for speaker:Pat Carey

Seanad: Lisbon Treaty (19 Dec 2008)

Pat Carey: I thank Senator Donohoe for tabling this motion. I am taking it on behalf of the Minister for Foreign Affairs, Deputy Micheál Martin. I was impressed with how the Senator marshalled the sub-committee——

Seanad: Lisbon Treaty (19 Dec 2008)

Pat Carey: ——and produced what I regard as a very important report which will frame the agenda for much, if not all, of next year. I have more than a passing interest in this topic and will facilitate further debate on it in any way I can. In the Dáil, we have decided on a regular — if possible, monthly — basis to have a debate on European issues. There are many European scrutiny reports...

Seanad: Lisbon Treaty (19 Dec 2008)

Pat Carey: I agree with the Senator that we must engage in this debate on an ongoing basis. I sang from the same hymn sheet as him for many years when I was a member of the European affairs and the European scrutiny committees. Sometimes one thinks nobody listens to what one says, but they do. Here is the primary place where that debate should take place. I will convey Senator Donohoe's views and...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: Senator Doherty has proposed that the new scheme of capital allowances regarding the construction and refurbishment of buildings to be used as specialist palliative care units does not come into effect. This scheme was introduced in the Finance Act 2008 but has yet to receive European Union Commission approval from a State aid perspective and be commenced by the Minister. It was introduced...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: I will try to be as helpful as possible to Senator Buttimer regarding the eastern gateway bridge. There is a submission from Cork City Council to the gateway innovation fund for €60 million, with €20 million to be provided by the council. Decisions on the gateway innovation funding have been put in abeyance until after 2009. That reflects the review of capital expenditure and the...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: With regard to the publication of the report, I will ask the office of the Minister for the Environment, Heritage and Local Government to contact the Senator to bring him up to date on the position. Given its responsibility to the entire State, the Government cannot single out a project in a given city, regardless of its merits. I am confident, however, that the project to which the Senator...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: I gather section 15 is the relevant section.

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: Section 25 amends section 198 of the Taxes Consolidation Act 1997 which exempts certain interest payments to non-residents from the charge to Irish income tax. The purpose of the amendment is to extend this exemption to payments of interest on wholesale debt instruments as well as to discounts received on financial instruments issued by an Irish company or investment undertaking. In both...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: Section 15 amends section 819 of the Taxes Consolidation Act concerning tax residence of individuals. Currently, an individual is only regarded as in the State for a day for tax residence purposes if he is present in the State at midnight on the day in question.

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: Section 15 addresses the Cinderella rule. I gather the Senator raised a question on this issue when we reached section 13.

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: Is it possible, in addressing section 25, to provide information on another section?

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: Revenue monitors the arrangements for persons who are not resident for tax purposes using a risk management method.

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: I am advised that fines are not imposed. A person is regarded as being in Ireland for a day if he or she is present in the State at 11 p.m. This also applies to sportspeople.

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: I am advised the rule applies to everyone.

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: There are various reasons for the increase of three percentage points in the DIRT rate. It was necessitated by general budgetary constraints. The Minister announced in his budget speech that this overall measure, including the increase on collective investment funds and life assurance products, would raise €85 million in 2009. The capital gains and capital acquisition tax rates were...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: With this recommendation, Senator Twomey seeks to introduce a volume-based tax credit scheme for research and development, with effect from 2009. There have been calls over the years for the research and development tax credit to become a volume-based scheme in which all expenditure in this area, and not just incremental expenditure, benefits from the tax credit. This would involve a dead...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: I will try to be as helpful as I can to Senator Twomey. Since the scheme was introduced in 2004, expenditure on new or refurbished buildings used exclusively for research and development activities has attracted a tax credit of 20% of that expenditure, paid over a four year period. Data emerging from the operation of the scheme suggest this part of the scheme is not being used. This...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: Stop-over flights are not covered by the tax. On Senator Buttimer's point about small aeroplanes, other EU member states and countries that operate a similar travel tax have a similar arrangement for smaller aircraft. I have a note on the general issue of the travel tax if the Leas-Chathaoirleach wishes me to read it out.

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: I will try to get information on the last point raised by Senator Buttimer. Air travel tax will be charged on the departure of a passenger on an aircraft from an airport in the State with effect from 30 March 2009. The general tax applying will be €10 per passenger. However, a rate of €2 will apply in the case of a flight from any part of the State to another airport not more than 300...

Seanad: Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages (19 Dec 2008)

Pat Carey: Yes. All Irish departures to locations such as Manchester, Liverpool and Glasgow will be subject to the €2 charge. Airline operators are liable to pay the tax. Detailed arrangements for the collection of the air travel tax will be contained in regulations to be made by the Revenue Commissioners. Ireland is not unique in introducing an air travel tax. The UK, France and the Netherlands...