Results 13,521-13,540 of 26,037 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: 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-----
- 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 have two further questions. Mr. Coffey wrote: "To reduce uncertainty and ensure that Ireland protects its corporation tax base, Ireland should ensure an adequately resourced Competent Authority." Does this refer to the Revenue Commissioners?
- 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: What does Mr. Coffey mean by that?
- 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 is saying that he wants to see, for want of a better term, a beefed-up Revenue Commissioners that will be able to deal with all technical aspects as they arise.
- 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: Does Mr. Coffey believe that expertise is there at the moment?
- 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: Does Mr. Coffey think that may have brought about some of the uncertainties with regard some of the companies that we are hearing about now? In terms of companies like Apple, that certainty was not there or that level of expertise. I can see Mr. Coffey's point. Essentially he is saying that this is going to become the norm in terms of Ireland battling in the international tax arena.
- 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: Does Mr. Coffey believe that the common consolidated corporate tax base, CCCTB will become a reality or is it like a continuous movie with no ending?