Results 14,381-14,400 of 27,945 for speaker:Michael McGrath

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Michael McGrath: I thank Mr. Hession from the Department and Ms Levey from Revenue for their opening presentations and I welcome their colleagues. Mr. Hession stated that preliminary work is under way to assess the impact of the revised CCCTB proposal. Is there an emerging view in the Department on the implications for Ireland by way of corporation tax receipts? We expect to receive approximately...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Michael McGrath: The overall proposals are now being split. The first element relates to the base. Mr. Hession made the point that for Ireland it would result in a narrower base.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Michael McGrath: Despite much of the rhetoric, we have a broad base with regard to the calculation of taxable profits but we apply a relatively low rate of 12.5% to the base. Mr. Hession has given as number of examples of how the calculation of the base would differ under these proposals than under existing corporation tax law. There appears to be quite a significant difference in the base. Before we look...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Michael McGrath: When it comes to the issue of consolidation, that is, attributing the profits from the base across all the EU countries, a formula is used. Mr. Hession outlines three elements: where sales happen, where staff are located and where companies' assets are. Is there a weighting of these different elements in the formula? Regarding the first element, Ireland is such a small market that we will...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Michael McGrath: Approximately what percentage of our corporation tax receipts are now accounted for by multinationals? Is it 70% or 80%?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Michael McGrath: What are we still expected to take in this year? Is it €7 billion or €7.5 billion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Michael McGrath: When Mr. Hession says the CCCTB would be mandatory for multinationals with a group turnover of more than €750 million, approximately how many such multinationals are tax-resident in Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Michael McGrath: How much of our corporation tax receipts are accounted for by companies that would be captured by the mandatory provision of having turnover of more than €750 million?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Michael McGrath: They almost certainly would, surely. I have a question for Ms Levey. The selection of the principal tax authorities is determined by the jurisdiction in which the parented group is tax-resident. Therefore, these proposals do not involve a change in the residency rules per se. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Michael McGrath: However, the relevance of this is diluted if these proposals are brought into effect because of the apportionment of the profits. If the consolidation aspect happens, the jurisdiction in which the company is resident is less significant. Is that fair to say?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Michael McGrath: I thank our guests for their presentation. From my observations on the CCCTB proposals, I do not see them going anywhere. I cannot see how these proposals are not encroaching on member state competence over taxation. The Commission is essentially seeking to rewrite our entire corporation tax code. It tells us the rate is a matter for Ireland but the rate will apply to something...

Written Answers — Department of An Taoiseach: Tribunals of Inquiry Expenditure (6 Dec 2016)

Michael McGrath: 78. To ask the Taoiseach the amount of legal fees paid by his Department in respect of tribunals of inquiry established by the State and any resulting legal actions; and if he will provide these broken down by tribunal and by year for 2006 to 2016 in tabular form. [38458/16]

Written Answers — Department of Justice and Equality: UN Convention on the Rights of Persons with Disabilities (6 Dec 2016)

Michael McGrath: 79. To ask the Minister for Justice and Equality if she will address a matter raised in correspondence (details supplied) regarding the UN Convention on the Rights of Persons with Disabilities. [38286/16]

Written Answers — Department of Finance: Central Bank of Ireland Staff (6 Dec 2016)

Michael McGrath: 118. To ask the Minister for Finance the number of the vacancies in each functional area of the Central Bank and the percentage that vacancy rate represents of the staffing allocation for that function in tabular form; and if he will make a statement on the matter. [38622/16]

Written Answers — Department of Finance: EU Directives (6 Dec 2016)

Michael McGrath: 119. To ask the Minister for Finance the way in which he will comply with the European Union (Anti-Money Laundering Directive: Beneficial Ownership of Corporate Entities) Regulations 2016, statutory instrument number 560 of 2016; the steps that have been taken to ensure that all corporate State bodies comply; and his plans to redraft the statutory instrument to reflect the requirements of the...

Written Answers — Department of Health: Health Services Provision (6 Dec 2016)

Michael McGrath: 281. To ask the Minister for Health the policy of the HSE on the services provided by chiropractors privately; if there is any equivalent service from the HSE; and if he will make a statement on the matter. [38282/16]

Written Answers — Department of Health: Nursing Homes Support Scheme Review (6 Dec 2016)

Michael McGrath: 365. To ask the Minister for Health his plans to review the terms of the financial assessment in the nursing home support scheme; and if he will make a statement on the matter. [38719/16]

Other Questions: Hospital Waiting Lists (1 Dec 2016)

Michael McGrath: 10. To ask the Minister for Health the measures that will be put in place to assist the 4,038 persons waiting more than 18 months for an outpatient appointment in Cork hospitals; and if he will make a statement on the matter. [38058/16]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Michael McGrath: We have not scattered far.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Michael McGrath: It would be fair to say there is ongoing contact.