Results 1,461-1,480 of 27,945 for speaker:Michael McGrath

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 58: In page 71, to delete lines 37 to 39 and substitute the following: “(b)advanced by a qualifying financing company to - (i) a qualifying subsidiary, or (ii) an indirect qualifying subsidiary, where the company referred to in subparagraph (i) or (ii) is a 75 per cent subsidiary of the qualifying financing company concerned, and”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 59: In page 72, line 2, after “subsidiary” to insert “or indirect qualifying subsidiary, as the case may be,”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 60: In page 72, to delete lines 20 to 24 and substitute the following: “(d) the disposal of any shares in a company such that the disposal causes a company to which a relevant loan was made to no longer be a qualifying subsidiary or an indirect qualifying subsidiary, as the case may be, of the qualifying financing company that advanced the relevant loan and...

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 61: In page 72, line 26, to delete “disposed of.” and substitute “disposed of;”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 62: In page 72, between lines 26 and 27, to insert the following: “(e) the repayment, redemption or purchase by - (i) a company to whom a relevant loan was made, or (ii) in a case where a relevant loan was made to an indirect qualifying subsidiary, the intermediate holding company that directly holds 75 per cent or more of the ordinary share capital of the...

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 63: In page 72, line 36, to delete “section 70(2) and section 76(5)(b)” and substitute “sections 70(3) and 76(5)(b)”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 64: In page 74, line 2, after “subsidiary” to insert “or indirect qualifying subsidiary, as the case may be,”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 65: In page 74, line 4, after “subsidiary” to insert “or indirect qualifying subsidiary, as the case may be,”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 66: In page 74, line 6, after “subsidiary” to insert “or indirect qualifying subsidiary, as the case may be,”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 67: In page 75, line 20, to delete “Part 41A.”,” and substitute “Part 41A.”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 68: In page 75, between lines 20 and 21, to insert the following: “(13) (a) Where a relevant loan is deemed to be repaid, in whole or in part, under paragraph (b), then no deduction shall be available under subsection (4) in respect of any external interest arising after the deemed repayment on the portion of the external loan, represented by the amount that...

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I will be responding to the amendment, so Deputies might as well make their contribution if they have one.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 43: In page 57, to delete lines 6 to 8 and substitute the following: "(3) Section 172C of the Principal Act is amended⁠— (a) in subsection (2), by the insertion of the following paragraph after paragraph (bc): "(bd) subject to subsection (4), a scheme which⁠—". As part of this year's Finance Bill, amendments are being made...

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 44: In page 57, to delete line 19 and substitute "Schedule 2A,",".

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 45: In page 57, between lines 19 and 20, to insert the following: "and (b) by the insertion of the following subsection after subsection (3): "(4) A person shall not be an excluded person under subsection (2)(bd) in relation to a distribution which is a relevant distribution to which section 817X applies.".".

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 46: In page 58, between lines 8 and 9, to insert the following: "Medical practitioners operating in partnership 38.The Principal Act is amended, in Part 43, by the insertion of the following section after section 1008: "1008A. (1) In this section⁠— ‘enactment’ means a statute or an instrument made under a power conferred by...

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I thank the Deputies for their comments. The Department of Health has advised that the majority of GPs deliver services as part of a practice, either as partners or practice employees. In its view, the proposed amendment would address a substantial part of the issue, as it understands there are more GPs who are partners than there are those who are employees. Obviously, in the case of an...

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 39: In page 36, line 12, to delete “and”. Part 16 of the Taxes Consolidation Act 1997 provides reliefs for investment in corporate trades. These reliefs are the employment investment incentive, EII; the start-up relief for entrepreneurs, SURE; and the start-up capital incentive, SCI. These measures are key incentives which seek to provide SMEs and...

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 40: In page 36, line 13, after “ “€15,000,000”,” to insert “and”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 41: In page 36, between lines 13 and 14, to insert the following: “(iv) by the insertion of the following subsections after subsection (5): “(6) (a) Where a qualifying company has issued shares in respect of which— (i) relief under this Part applies, and (ii) an entitlement to claim relief under section 600M may apply on the...