Results 15,541-15,560 of 26,902 for speaker:Richard Boyd Barrett

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: We want it to be a legal requirement that Revenue will provide the information and not that it may do so. We do not want it to be just at the discretion of Revenue. I do not see why Revenue needs discretion or flexibility in respect of this matter and I do not understand why there is a need for confidentiality. Our inability to ascertain where these multinationals are making their profits,...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: I move amendment No. 82:In page 63, line 15, after “subsection (4)” to insert “and that is published and made available for public viewing by the Revenue Commissioners”. This series of amendments seeks to make country by country reporting requirements for multinationals or corporations operating in multiple jurisdictions-----

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: I thank the Leas-Cheann Comhairle. It is very difficult at this stage to string two or three coherent sentences together, but I will do my best.

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: I thank Deputy Durkan. I appreciate the vote of confidence. It might lead him to support the amendment. I am glad the Government has agreed to introduce country by country reporting. Those who are fighting for tax reform in the area of corporate tax to try to clamp down on aggressive tax avoidance strategies of multinationals have long argued that country by country reporting is key to...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: I will not go over the ground already covered but I asked a question on Committee Stage, the answer to which I would like confirmed. If there is no distribution in dividends from the income that is generated by these vehicles but instead the profits are rolled up and used to buy even more property by these vehicles, so that all of the profit gets rolled up into capital gain, the withholding...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: Anybody who understood that reply deserves a double A+.

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: On a point of order, it is crazy for us to continue with this Bill dealing with detailed and complicated matters, including tax matters, at this-----

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: For us to continue, as is necessary for us to do our job of proper legislative scrutiny, at these hours, which are anti-social and keep the staff here late-----

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: I appeal to the Government to conclude the debate now and defer the rest of it until tomorrow morning.

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: This was not brought up at the Business Committee.

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: We discussed this issue at length. Deputy Doherty's amendment covers similar territory to that covered in the previous discussion and some of the discussions we had earlier, so there is not a lot to add other than to ask if there is any recognition on the part of the Government that we have a property bubble. Is there any concern about that, and that these property-based tax incentives, the...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: I want to make another point. Most of the points have been made. One of the amazing things about all of this is that it will not deliver a single extra house.

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: The housing and homelessness crisis is the biggest crisis facing this country. The Government never tires of telling us that it is caused by a lack of supply and that we need to consider where that supply should come from. We think the State should provide that supply, but any bloody supply would be pretty helpful at the moment. It is an absolutely disastrous situation. All of these...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: It is incredible that we do not even know how much tax is forgone through these tax breaks the Minister allows for these speculators and investment funds of various kinds. I thought I knew a thing or two until I started to delve into the world of finance as a Member of the Dáil. I am consistently amazed by the elaborate variety of mechanisms that somebody - I presume the tax lawyers...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: I move amendment No. 78:In page 63, between lines 1 and 2, to insert the following:“23. The Minister for Finance is to order a study to be carried out on introducing a Financial Transactions Tax and is to report to the Dáil within six months of the enactment of this Act on the findings of the study”. I will be brief to save us all the Chinese torture we are now undergoing....

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: What is the benefit in the area of property?

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: The Minister did not answer my question. I asked it on Committee Stage and I asked it again but he did not answer it. He told me what he thought this was doing and that it is a marginal improvement in that it tries to impose some sort of withholding tax, but it retains the fundamental tax break, or tax status, for these funds that are speculating in property. Can the Minister explain how...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: I face a dilemma in dealing with this section because our amendment, which was more targeted, was ruled out of order. I take the point about the withholding tax, and this is something of an improvement on what we had before us on Committee Stage, but we are disallowed from doing what we really want to do, which is what we tried to do in amendment No. 46. The whole thing is unacceptable. ...

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: I am allowed to speak.

Finance Bill 2016: Report Stage (Resumed) and Final Stage (23 Nov 2016)

Richard Boyd Barrett: I asked on Committee Stage and I did not get an answer. The only answer I can surmise from this is that back in 2011, 2012 or whenever, the Government decided it wanted to get these big property investors into the Irish property market to inflate the value of property for NAMA to make a profit. The consequence of this for the Government was it would be able to say NAMA had done its job, it...