Results 13,081-13,100 of 26,901 for speaker:Richard Boyd Barrett

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: I had better move on because my time will run out. One of the things the Paradise Papers reveal is that in the case of Apple, following the moves to close down the double Irish at the end of 2013, the intangible assets allowance was increased to 100%. Then it moved some of its subsidiaries based here to Jersey or the Isle of Man. I cannot remember which but it was one of those tax havens....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: In general, then, if it is obvious that an entity is using transfer pricing mechanisms around intellectual property to set the price at which one subsidiary sells something to another subsidiary, exploiting allowances in the tax code to do so, such that there is no additional tax liability and it is clearly a manipulation, is there anything we can do about it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: I know that it is a Government decision, but the point I am making is that they can then engineer the price such that they manage the tax liability. Mr. Cody states the arm's length principle applies, but it was explained to me in an email by an anonymous guy working in one of the companies - I will not mentioned the name - that the company literally stated how much money it had made and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: Revenue does not make the law.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: I am out of time and the Chairman is pulling me up, but I wish to ask one last question. I have heard the argument and know that there is truth to it, but I also do not completely buy the argument that there is nothing we can do here. I take the point that ultimately it is politicians, not the Revenue Commissioners, who decide, but if, for example, we had very severe penalties and were...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: The distinctions are lost on me.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: I have so many questions we could talk all night. I will try to ask them quickly so I do not run out of time and perhaps Mr. Cody could do his best to be brief in his replies. I mean no disrespect to him saying that. It is just that I am anxious to get through them. The Revenue Commissioners are still down 600 staff since the cuts and the moratorium started and Mr. Cody is now seeking...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: I understand that. I presume the case Mr. Cody would make to us, the public and the Government is that the more people the Revenue Commissioners can recruit and train, the more the Revenue Commissioners could gather-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: I realise it is difficult. People have to be trained and Mr. Cody is losing experienced people, but does he believe he is still short in absolute numbers from where he should be?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: I was just asking. I get the point.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: Nonetheless, Mr. Cody appeared to be saying that if he had people to examine some of these compliance matters, whether it is transfer pricing or going around building sites to ensure there is no bogus self-employment, there would be a return from that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: Mr. Cody is doing a good selling job and I do not dispute what he is saying as I am all for expanding the public sector. The recent Oxfam report states if the EU criteria applied to tax havens were applied to Ireland, we would be blacklisted, with Luxembourg, Malta and the Netherlands. While it states we are okay when it comes to the BEPS, base erosion and profit shifting, project,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: We will have to have a longer discussion about it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: We will set aside that matter for now. Will Mr. Cody address my last question?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: I am not asking that. Let us set aside the politics for a minute.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: I think it is politics.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: I really genuinely do not understand that. I know the Revenue Commissioners and the Government disagree. Set that debate aside, let us say whoever made the ruling----- This is quite an important question and I want an answer to it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: It is on topic.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers: Chairman, Office of the Revenue Commissioners (29 Nov 2017)

Richard Boyd Barrett: Let us say that the people who made the decision in the European Union were in Mr Cody's job and decided to apply the same standards to other similar cases as to the ones they applied to Apple.

Disclosures Tribunal: Motion [Private Members] (29 Nov 2017)

Richard Boyd Barrett: Cui bono, who benefits from the suppression of that information? The suppression of the information would not have come out but for the fact that Katie Hannon exposed it. We would not know and Mr. Justice Charleton would not have received it. That begs the question: even if we get commitments now that all the relevant documents are handed over, how do we know, despite all the hubbub, that...