Results 15,681-15,700 of 26,924 for speaker:Richard Boyd Barrett

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Richard Boyd Barrett: They reinvest the profits.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Richard Boyd Barrett: No, I do not see it.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Richard Boyd Barrett: As I have said, it is shocking if this is what is going on. I suspect that it is. I have another couple of questions. The withholding tax does not apply to certain other collective investment undertakings. The Minister of State has mentioned life assurance and pension funds, etc., in this context. Can he tell us what other collective investment undertakings this tax does not apply to?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Richard Boyd Barrett: Wow.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Richard Boyd Barrett: Is the Minister of State saying it happens at the point when the transfer from the REIT to one of these other entities takes place?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Richard Boyd Barrett: Any of the entities referred to by the Minister of State could have an interest in property. I am trying to understand this. Entities might be investing in property, but the unit trusts or those bodies in the lists referred to by the Minister of State are not subject to withholding tax. Is that correct?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Richard Boyd Barrett: That is what the Minister of State is talking about, but I am asking which categories are not liable for withholding tax. The Minister of State has listed them. Is that correct?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Richard Boyd Barrett: Is the Minister of State referring to a transfer from an IREF to one of the other entities? Is that what he means?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Richard Boyd Barrett: What if these entities and unit trusts were never IREFs but were involved in property? That is my question. Is that possible?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Richard Boyd Barrett: Why is there an exception? I do not understand it. Why does the Minister of State's note indicate that it will not apply to them? The note in the explanatory memorandum states: "The withholding tax will not apply to certain categories of investors such as pension funds, life assurance companies and other collective investment undertakings." What are these other collective investment...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Richard Boyd Barrett: We can agree on that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Richard Boyd Barrett: I think I understand, but I am not entirely sure of it. I understand that the amendment refers to any entity that has 25% invested or that could be deemed to be in some way related to property. If that is the case, then the withholding tax applies. Then, we have another category to which, we are told, unless I have misunderstood what is being said, withholding tax does not apply. What the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Richard Boyd Barrett: I have a simple question. Does a unit trust that has interest in property pay the tax? The Minister of State listed unit trusts among the examples. Are they going to pay withholding tax?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Richard Boyd Barrett: I think I have made all my points but I have one last question which is more generally on withholding tax on things other than property. Are there other areas in financial services generally where we should be imposing withholding tax or where similar situations could arise? We have discovered how some entities ended up paying no tax at all. Now, this has been identified in the area of...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Richard Boyd Barrett: Or Cyprus.

Written Answers — Department of Justice and Equality: Direct Provision Data (15 Nov 2016)

Richard Boyd Barrett: 72. To ask the Minister for Justice and Equality the details of all companies involved in contracts for direct provision, including moneys paid to these companies each year over the past five years; and if she will make a statement on the matter. [34854/16]

Written Answers — Department of Justice and Equality: Direct Provision System (15 Nov 2016)

Richard Boyd Barrett: 94. To ask the Minister for Justice and Equality her plans for changing the system of direct provision; and if she will make a statement on the matter. [34853/16]

Written Answers — Department of Education and Skills: School Admissions (15 Nov 2016)

Richard Boyd Barrett: 276. To ask the Minister for Education and Skills if he plans a referendum on the issue of equal access to schools. [28714/16]

Social Welfare Bill 2016: Second Stage (Resumed) (10 Nov 2016)

Richard Boyd Barrett: I am done.

Social Welfare Bill 2016: Second Stage (Resumed) (10 Nov 2016)

Richard Boyd Barrett: That will do me. I apologise that I have not had a lot of time to listen to the discussion because I have been tied up at the finance committee. I will raise a number of issues which may or may not have been raised already. Some of them will certainly have been raised but two of them may not have been. On an issue that probably has been raised, I want to add my voice to the chorus of...