Results 15,641-15,660 of 36,321 for speaker:Pearse Doherty

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: Is Mr. O'Brien concerned about rail and the impact it has on businesses? I refer in particular to the cost of rail. My understanding is that the regulator applies a cost to the usage of rail and maintenance of the tracks and that cost impacts on businesses using rail to transport their goods. Ireland is an underachiever in this and in trying to future proof our economy. Has IBEC looked at...

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: On small and medium enterprises and corporation tax, the witnesses mentioned the bumper receipts we have had in recent years. I will come back to that in a minute. Sometimes when we talk about our economy we tend to focus on the FDI. Indeed, when we deal with finance Bills there are changes which support FDI. FDI is hugely important as are the tax receipts and how we use them, as Mr....

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: Will Mr. O'Brien talk me through the share option scheme and give a practical example of how that would work in helping to retain talent?

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: Mr. Brady mentioned research and development and my colleagues had questions on this. We have had discussions in this committee and indeed on the Finance Bill regarding research and development tax credit. It is coming to a point where we need to figure out this out. This tax credit is likely to cost a €1 billion at some stage. It was up to €708 million in 2015, and is...

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: I am told by SMEs that they are doing research and development but not availing of the tax credit, although I have not discussed the complexity of it but it is not on their radar. Sometimes they do not see it as something for them. Are a significant proportion of indigenous SMEs missing out on research and development tax credits because of lack of awareness or that they are just busy...

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: I heard Mr. Danny McCoy's comments at the national economic dialogue. Mr. Brady is a contrarian in respect of the rainy day fund and so am I. He has argued that the investment should be made in a specific area of education and it is important to outline that. Has he concerns regarding the operation of the rainy day fund, even if the money does not go into education? the State will not be...

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: Can Mr. O'Brien elaborate on those pressures? Every agency that has come before us has told us that while there is no overheating, there is a medium-term risk of overheating whereas the risk in respect of housing is high, with a high impact. Even if there was overheating, they also say the impact would be medium.

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: I agree 100% with Mr. O'Brien on the issue of competitiveness. I have made a couple of points about housing, health, education. The international rankings are a wake-up call for us all. The best way to support SMEs and other businesses is a highly skilled, educated workforce, which we need to invest in. I speak to many of IBEC's members around the country who tell me the issue of...

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: Speaking to IBEC's members, I hear that the marginal tax rate is no longer the issue. When we were discussing the matter at the finance committee, the Government's argument for a reduction in taxes was that it would boost employment. We are now in a different scenario where there is almost full employment and there is a danger of overheating the economy. Mr. Brady made the point here that...

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: Is reaching full employment the priority at this time, or is it investment in education or housing? At the end of the day, there is only so much money to go around.

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: Vacancy rates in Ireland are just 1%, compared with Sweden and other countries which are at 2% and 3%. We are not anywhere near where they are, in terms of vacancy rates and jobs.

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: It costs €198 million for every €1,000 that the band is increased.

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: Full year, if the rates are applied. I appreciate the clarification on the average industrial wage being €36,000, as opposed to the €44,000.

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: Seeing as it is only ourselves.

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: May I ask one last question?

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: I am very interested in this issue. Of the figure of €500 million, €300 million relates to hotel beds, while the other €200 million relates to the other sectors. Given the comments the delegates made on the regions which are very true and that there is no rationale for having a tax such as this in Dublin or many other urban areas, does IBEC support the introduction of a...

Committee on Budgetary Oversight: Priorities for Budget 2019: Discussion (3 Jul 2018)

Pearse Doherty: I forgot for one moment to whom I was speaking.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: Go raibh maith agat agus fáilte chuig an gcoiste. There is a lot of welcome information in the opening statement, particularly on the additional works which have commenced on a number of sites. Are there two or three sites in Bray?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: Are the schools in Bray?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Role and Operation of National Development Finance Agency: Discussion (3 Jul 2018)

Pearse Doherty: Is it intended that the schools will be opened and have pupils in them in September?