Results 1,201-1,220 of 6,295 for speaker:Michael D'Arcy

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Agreements: Motions (20 Sep 2018)

Michael D'Arcy: -----but the Minister is in the midst of the two dates. Did we not sign up to it, in 2015, for example? Now we are waiting to see. If it signs, the Minister will then modify it. Could the Minister not have sought that it insist on this?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Agreements: Motions (20 Sep 2018)

Michael D'Arcy: We have 74 of these agreements.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Agreements: Motions (20 Sep 2018)

Michael D'Arcy: To date, only nine countries have concluded the-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Agreements: Motions (20 Sep 2018)

Michael D'Arcy: That depends on when they passed their legislation through their Houses-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Agreements: Motions (20 Sep 2018)

Michael D'Arcy: There are about 100 countries that have signalled that they will take this multi-lateral convention. We are satisfied that if countries do not sign up to the multi-lateral convention, we will deal with them on a bilateral basis. It would be better, and much more facilitating for everybody, if the multi-lateral convention was passed as legislation. That would automatically update the double...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Agreements: Motions (20 Sep 2018)

Michael D'Arcy: No. I am saying that we will contact those other countries which have not passed the multi-lateral convention because this is an important part of the OECD, and an important part of the BEPS anti-avoidance of aggressive tax-planning by companies measure. This is a method with which to deal with it. Nobody wants that. The era of aggressive tax-planning internationally is coming to an end....

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Agreements: Motions (20 Sep 2018)

Michael D'Arcy: We are satisfied that we have made that contact and made those connections.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Agreements: Motions (20 Sep 2018)

Michael D'Arcy: I would like to respond to Deputy Ó Broin by talking about everything we have been doing since 2015, when Ireland was the first country to move on BEPS, anti-tax avoidance, profit-shifting and all the quasi-legal practices that some companies were engaging in. It has to be said that not every company was doing these things. We moved before anybody else did. We moved before we were...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Agreements: Motions (20 Sep 2018)

Michael D'Arcy: Article 12 is not a technical matter. I did not say in my speech that it was. I said that we chose to opt out of it because we do not know how it will work. The multilateral convention is a legally binding convention. One does not get to choose to opt out of it. We are satisfied that if it works properly, we can opt into it. That is why we are choosing not to accept Article 12 right...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Agreements: Motions (20 Sep 2018)

Michael D'Arcy: I have answered the question. Ghana approached Ireland in 2014. We finished the negotiations in 2016 before the multilateral convention was concluded. We are now concluding the multilateral convention and we are satisfied that we are not at a minimum standard by any manner of means. We accepted all of the minimum standards and the best practice standards. We have some concerns about a...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Agreements: Motions (20 Sep 2018)

Michael D'Arcy: Can the Chairman furnish me with the document because my Department did not receive the submission?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Taxation Agreements: Motions (20 Sep 2018)

Michael D'Arcy: That is fine. We will respond.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: I move amendment No. 1:In page 5, line 13, to delete "This Act shall come into operation" and substitute "This Act, other than Part 7, shall come into operation". Amendments Nos. 1 and 8 to 21, inclusive, are grouped together and are required to extend the mortgage interest deferral relief for local property tax liabilities for one year in respect of 2019 local property tax liabilities and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: That is being considered in the overall context of the LPT. It was not considered for this aspect but as the Deputy is aware, the report is due shortly so it is being considered in that context. It is simple interest being charged also. It is not compound interest. However, I hear the Deputy's point about the 4%.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: I am suggesting it is being considered.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: To put the actual number on the record, the number of properties on which people pay via their employer is 115,000. I am not able to deduce from that number the reason people choose that method. I am sure there is a range of methods for which some people opt for whatever reasons, but I do not believe the Deputy can deduce it either. In terms of the income thresholds-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: Of non-compliance.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: I am sorry. The mandatory deduction figure is 97,000-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: That is the mandatory deduction figure but the overall figure is almost 116,000. Those are the numbers. That is people choosing not to pay.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: That is correct. They chose-----