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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Paul Murphy: I apologise that I was obliged to miss part of the meeting. I was attending a meeting about workers being paid less than €5 per hour on a State contract. I will start with material the joint committee has gone over before my time here. In respect of Question No. 32 about the compensation of the chief executive officer and the board, obviously in the response of the bank, it...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Paul Murphy: I thank Mr. Boucher. Does he think it is justified that the salary cap of €500,000 will be exceeded in his own case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Paul Murphy: Does Mr. Boucher think the fact he was one of the executive director at the time of the bank bailout should have any bearing on, for example, the assessment by the Government, which is a shareholder, of his performance? Given that Mr. Boucher was there at the helm at the time of the bank bailout, for which we all paid and continue to pay in terms of water charges, etc., should that not mean...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Paul Murphy: I have a problem with the decision some of the shareholders are making. To turn to the arrears figures, by my calculations, if one adds together the SME corporate loans arrears, the mortgages in arrears and the property and construction loans in arrears, the bank has €16.4 billion in arrears out of a total of €83.3 billion, which is very close to 20%. Is this not very high?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Paul Murphy: In Question No. 24, members asked what proportion of the bank's existing mortgage holders would not have qualified for a mortgage under the proposed new Central Bank mortgage deposit and loan-to-earnings ratios. In its answer to Question No. 24, the bank referred members to its answer to Question No. 25. However, the bank's answer to Question No. 25 does not answer the question. If, for...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Banking Sector: Bank of Ireland (5 Nov 2014)

Paul Murphy: What if we take the hypothetical out of it? I accept there are people who perhaps, if the new rules-----

European Council Meeting: Statements (5 Nov 2014)

Paul Murphy: I wish to share time with Deputies Shane Ross, Richard Boyd Barrett and Clare Daly.

European Council Meeting: Statements (5 Nov 2014)

Paul Murphy: The key item on the agenda for discussion at the recent European Council summit was climate change. Unfortunately, EU leaders, including the Taoiseach, the German Chancellor, Angela Merkel, and the French President, François Hollande, do a good impression of fiddling while the world burns. We are hurtling towards an absolute catastrophe. In 30 years the Artic could be ice-free and...

Finance Bill 2014: Second Stage (Resumed) (5 Nov 2014)

Paul Murphy: The Finance Bill tells a tale of two different budgets. One of these budgets is for working class people, the most vulnerable and unemployed people. It is a budget which, in effect, ensures the continuance of austerity for them. The other budget is a recovery budget for the rich, high earners, developers and corporations. The weekend before the budget was announced, the headline on the...

Other Questions: VAT Exemptions (5 Nov 2014)

Paul Murphy: I am aware of the relevant case law from the European Court of Justice. However, it remains a political decision of the Government to put that into legislative effect by including it in the Finance Bill. The measure was not mentioned by the Minister in his Budget Statement. He cannot tell me the exact amount of money involved. I presume it is not a significant amount. For example, the...

Other Questions: VAT Exemptions (5 Nov 2014)

Paul Murphy: I understand the Revenue Commissioners made a decision at the start of this year to begin to apply the European Court of Justice ruling. What has it decided to do about refunds? It stated at that stage that it was in discussions and if there was to be a windfall for clubs it would not be given. Has it made a decision yet? If not, why not? This is important because it speaks to the nature...

Other Questions: VAT Exemptions (5 Nov 2014)

Paul Murphy: 6. To ask the Minister for Finance the cost to the Exchequer of the proposal in the Finance Bill 2014 to exempt green fees and membership fees in member-owned and non-profit making golf clubs from VAT; and if he will make a statement on the matter. [41763/14]

Other Questions: VAT Exemptions (5 Nov 2014)

Paul Murphy: What will be the cost to the Exchequer of the proposal to put on a legislative basis the decision to exempt green fees and membership fees in member-owned and non-profit making golf clubs from VAT? Regardless of the decision of the European Court of Justice in the past year, does the Minister really think it is justified, in the context of a fourth regressive budget in a row, people being...

Written Answers — Department of Finance: Tax Code (5 Nov 2014)

Paul Murphy: 25. To ask the Minister for Finance the consideration taken by him, especially with regard the possibility of an increase in the speculative purchase of land, before making the proposal to end the 80% windfall tax on rezoned land. [41762/14]

Written Answers — Department of Finance: NAMA Portfolio (5 Nov 2014)

Paul Murphy: 73. To ask the Minister for Finance if he will provide data in tabular form of the number of houses and apartments that are in the possession of National Asset Management Agency that have been sold in the past 18 months, being rented, otherwise occupied and vacant; the total rental income on the units being rented or otherwise occupied. [42442/14]

Written Answers — Department of Finance: Tax Code (5 Nov 2014)

Paul Murphy: 74. To ask the Minister for Finance if he will report on any talks or consultations that have taken place or are planned between him or his Department officials and the EU Commission or other EU member state Governments on the proposal for a knowledge box tax scheme for corporations; and if he will make a statement on the matter. [42446/14]

Written Answers — Department of Finance: Tax Credits (5 Nov 2014)

Paul Murphy: 75. To ask the Minister for Finance if he will report on the measures that have been taken to extend the €100 tax credit for water charges to low paid workers; and if he will make a statement on the matter. [42447/14]

Written Answers — Department of Health: Mental Health Services Provision (5 Nov 2014)

Paul Murphy: 133. To ask the Minister for Health the plans in place by the Health Service Executive to have dialectical behavioural therapy available throughout all areas of the country. [42387/14]

Written Answers — Department of Health: Mental Health Services Provision (5 Nov 2014)

Paul Murphy: 134. To ask the Minister for Health the position regarding dialectical behaviour therapy in respect of a person (details supplied). [42388/14]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)

Paul Murphy: But the Labour Party is not----

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