Results 13,521-13,540 of 26,043 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)
Kieran O'Donnell: I have two quick questions, the first of which I am asking to seek clarification. In his presentation, Mr. Gilvarry said that "the ESMA will be given responsibility for the authorisation and supervision of certain types of investment funds structures - European venture capital funds, European social entrepreneurship funds and European long-term investment funds". I am seeking clarification...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)
Kieran O'Donnell: I would like some further clarification. Why is it the service provider within the State that is regulated? Why is there no regulation of the actual fund itself that provides the fund and-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)
Kieran O'Donnell: This would be slightly different. If these funds look to invest in Ireland at the moment, they are authorised by the Irish Central Bank. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)
Kieran O'Donnell: Would it be fair to say that at this moment in time, none of those categories has been regulated or authorised in an Irish Central Bank context? Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)
Kieran O'Donnell: Is this type of arrangement similar to-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)
Kieran O'Donnell: They will not come under the scope of it at all. Okay. How long will it take to reach the end game? When will we know where it is at? How much time are we looking at?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)
Kieran O'Donnell: The likelihood is-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)
Kieran O'Donnell: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)
Kieran O'Donnell: Much of the technical ground has been covered. I have a general question about Brexit. Since the Brexit vote took place, what impact has there been on funds coming in to Ireland? How does the witness perceive that whole area? Are there opportunities to expand? What were the witness's interactions with the Central Bank in terms of authorising various funds to work in Ireland? Northern...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)
Kieran O'Donnell: Can the witness explain that? Can he give an example?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)
Kieran O'Donnell: In practical terms what will this legislation do?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)
Kieran O'Donnell: Does the witness mean 1,500 jobs per annum?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (28 Nov 2017)
Kieran O'Donnell: I suggest that the Irish Funds issue a brief to the committee around the particular changes it would like to see. Would that be in order?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Review of Ireland's Corporation Tax Code: Discussion (28 Nov 2017)
Kieran O'Donnell: I welcome Mr. Coffey. I have two questions. The USA levies taxes based on where a company is incorporated. We tax based on where management and control are located. Am I correct in my analysis there?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Review of Ireland's Corporation Tax Code: Discussion (28 Nov 2017)
Kieran O'Donnell: There is an inconsistency worldwide in the way individual countries tax their corporations. Is that correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Review of Ireland's Corporation Tax Code: Discussion (28 Nov 2017)
Kieran O'Donnell: That can often lead to a vacuum. Is that not being looked at by the OECD as part of BEPS?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Review of Ireland's Corporation Tax Code: Discussion (28 Nov 2017)
Kieran O'Donnell: The point I am making concerns the moral argument versus the technical and legal one. If a company effectively deals with the tax laws that are in situ at any point in time, it has not broken the law. Is that a fair comment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Review of Ireland's Corporation Tax Code: Discussion (28 Nov 2017)
Kieran O'Donnell: Will it be impossible to get to a position where there is a level playing field unless there is alignment with the US?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Review of Ireland's Corporation Tax Code: Discussion (28 Nov 2017)
Kieran O'Donnell: I must ask the witness three questions. In the recommendations in his report, Mr. Coffey wrote:Although it is impossible to be definitive and the volatility in receipts will remain the level-shift increase in Corporation Tax receipts seen in 2015 can be expected to be sustainable over the medium term to 2020. Why did he make that bold statement? How does he stand over it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Review of Ireland's Corporation Tax Code: Discussion (28 Nov 2017)
Kieran O'Donnell: Mr. Coffey's basic point is that, assuming profits continue as they did in 2015, when companies changed their system, the level of tax they pay will be-----