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Seanad: Finance Bill 2016: Committee Stage (7 Dec 2016)

Kieran O'Donnell: This has the appearance of a pre-election manifesto for the reformed Progressive Democrats, PDs.

Seanad: Finance Bill 2016: Committee Stage (7 Dec 2016)

Kieran O'Donnell: The Senator comes from leafy south Dublin.

Seanad: Finance Bill 2016: Committee Stage (7 Dec 2016)

Kieran O'Donnell: They keep small animals in their small gardens.

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

Kieran O'Donnell: I have listened. I cannot pronounce the witness' surname, so I will just call him Bert. Would it be a fair observation to say that the CCCTB is a Trojan horse for the EU to get control over individual member states' corporation tax rates?

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

Kieran O'Donnell: Is there not an intended or unintended consequence to this proposal? The Commission's proposal is based on one third of the assets, one third of the labour and one the third of the sales of a company. The effective tax take of a smaller member state with a small domestic market that has a major level of exports will be down compared to that of a large member state with a large domestic...

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

Kieran O'Donnell: Why not? With respect, the figures do not lie. Mr. Zuijdendorp is saying that, effectively, one third of this common consolidated corporate tax base will be based around sales. Let us consider the case of a company based in Ireland that makes 90% of its sales in Germany and only 2% in this country. At present, the Irish Exchequer is collecting 100% off the profits of that company at...

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

Kieran O'Donnell: No. I asked Mr. Zuijdendorp a specific question. What would happen in that case?

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

Kieran O'Donnell: Surely the measures introduced recently to address BEPS and to eliminate the double-Irish arrangement are assisting in overcoming any issues that arise.

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

Kieran O'Donnell: It seems that Commission is using a sledgehammer to crack a nut. This has been around since the year dot. It is like an old model of a car that the manufacturer keeps bringing out year after year. It will never sell. How will a multinational based in Ireland that makes a large proportion of its sales in the UK be taxed under the CCCTB if Brexit - as proposed and signposted - happens and...

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

Kieran O'Donnell: Outside the EU-----

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

Kieran O'Donnell: Having previously been in the EU.

Seanad: Finance Bill 2016: Second Stage (1 Dec 2016)

Kieran O'Donnell: I welcome the Minister to the House. I just want to put a theme to the budget. Normally the budget is about striking a balance and achieving fairness. Resources are still limited. I wish to refer to the general increase, albeit limited, across all social welfare classes and to the universal social charge, USC. I find it strange that Sinn Féin is seeking to retain the USC. People on...

Seanad: Finance Bill 2016: Second Stage (1 Dec 2016)

Kieran O'Donnell: Let me finish. Sinn Féin has been speaking about this. Deputy Eoin Ó Broin was on Newstalk this morning talking about it. The bottom line is that we should deal with the facts. The USC was effectively brought in as an economic wartime tax. Ordinary people on a relatively low income are paying the charge. If I earn above €12,012, I must pay the charge. I do not...

Seanad: Finance Bill 2016: Second Stage (1 Dec 2016)

Kieran O'Donnell: I am finding it difficult. The ordinary people we all represent, not just those represented by Sinn Féin, are under enormous pressure trying to pay their bills. The USC is a penal tax because it is applied to one's gross income. There are no credits or allowances; it is on the gross income.

Seanad: Finance Bill 2016: Second Stage (1 Dec 2016)

Kieran O'Donnell: Brexit presents a huge challenge for us. Common sense dictates the United Kingdom should consider a form of referendum because Brexit does not benefit the United Kingdom or anywhere. The European bloc needs to have strength to deal with the United States, Russia and such countries. It looks like common sense will not prevail so I believe we need to determine, given that the measures are...

Seanad: Finance Bill 2016: Second Stage (1 Dec 2016)

Kieran O'Donnell: Next Tuesday.

Seanad: Finance Bill 2016: Second Stage (1 Dec 2016)

Kieran O'Donnell: Next Tuesday at 2.30 p.m.

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

Kieran O'Donnell: I have a couple of quick questions. When does Mr. Blair expect to conclude his review?

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

Kieran O'Donnell: When would Mr. Blair anticipate that the bank will pay compensation?

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

Kieran O'Donnell: Is Mr. Blair interacting with the individual borrowers who are the subject of the review?

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