Results 14,921-14,940 of 34,627 for speaker:Seán Fleming
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: I have another question for the Department of Finance. Is Deputy Cullinane happy for me to continue?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: We are nearly finished. The changes brought in by the Department of Finance with effect from 1 January 2015 regarding tax residency of companies incorporated in Ireland prior to January 2015 do not take effect until 1 January 2021, which is a six year period. How did the Department decide on that six year opportunity? Why not three, four or eight years? What analysis led to deciding upon...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: We received information from the Department of Finance on close companies, which are companies controlled by five individuals or fewer. I wish to put on the record, because people are watching these proceedings, that we have been told that approximately 175,000 companies are registered for corporation tax in Ireland but this document also states that 116,000 of those are close companies. As...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: The money in question could be invested in some other asset. It might not be cash.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: I have a few wrap-up questions that I did not get to the last time. We did not discuss the dividend withholding tax, which is referenced in Appendix 4 of the documentation supplied. I ask Mr. Cody to explain the figure listed for 2014, which is the amount of withholding tax on Irish companies paying dividends. Is most of that money paid to Irish people? How much of that sum is paid to...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: Yes.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: I know that, yes.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: Curiously, the figure in 2014 was €268 million, then the amount jumped by 125% to €605 million in 2015, it dropped by 40% to €375 million in 2016, and jumped another 15% to €431 million in 2017. Why?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: How can we plan public services when a tax more than doubles one year and shrinks to 40% another year? Can Mr. Cody give me an observation on the variation?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: Does it just happen?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: Okay.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: Is Mr. Cody saying that 2015 was a little bit out of the ordinary?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: Section 110 companies have been mentioned. Are they under control from the point of view of Revenue? Has Revenue a handle on the tax situation for those companies? It was a point of controversy.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: Yes.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: Yes.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: We wrote to the Charities Regulator about this issue and we got a letter back that included documentation. To be clear, charities must register with the Charities Regulator and the organisation has the power to remove somebody from the register of charities. The letter reads:It should also be noted that determinations in relation to charitable tax status are entirely a matter for the...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: There are 6,000 or 7,000 charities. How many of them are on the register?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: I get it. That end of the business is done by Revenue.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: Revenue cannot give charitable tax status to somebody that is not on the register held by the Charities Regulator.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Seán Fleming: I got it.