Results 15,861-15,880 of 35,756 for speaker:Pearse Doherty
- Ceisteanna - Questions (Resumed) - Priority Questions: Corporation Tax Regime (27 Mar 2018)
Pearse Doherty: The Minister is selling off parts of these banks already, and the investors buying the banks, which will not pay tax for the next two decades, are buying them from the Irish State. It is simply wrong, and the Minister needs to look at what his counterparts in other parts of the globe have done. Let us look at our nearest neighbours, Britain. They took a decision that the 50% carry forward...
- Ceisteanna - Questions (Resumed) - Priority Questions: Corporation Tax Regime (27 Mar 2018)
Pearse Doherty: All these countries do this, yet the Government wants to be an outlier and to allow banks that we bailed out-----
- Ceisteanna - Questions (Resumed) - Priority Questions: Corporation Tax Regime (27 Mar 2018)
Pearse Doherty: -----to continue to make billion-euro profits and not pay a penny to the Irish State for decades.
- Ceisteanna - Questions (Resumed) - Priority Questions: Corporation Tax Regime (27 Mar 2018)
Pearse Doherty: I never objected to the Minister's having the opportunity to respond.
- Ceisteanna - Questions (Resumed) - Priority Questions: Corporation Tax Regime (27 Mar 2018)
Pearse Doherty: That they should pay tax.
- Ceisteanna - Questions (Resumed) - Priority Questions: Corporation Tax Regime (27 Mar 2018)
Pearse Doherty: They should pay tax.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)
Pearse Doherty: I welcome the witnesses to the committee. I have questions to the Minister for Finance in the House shortly, so I will try to be brief. Some of these questions may have been answered while we were voting, so I apologise if I am going over old ground. Can the witness tell us, how much money at a high level has gone out to on-lenders and how much of that has been loaned to the real economy,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)
Pearse Doherty: All of it has gone out.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)
Pearse Doherty: The SBCI allocated €70 million to a company. Was that FEXCO?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)
Pearse Doherty: How much of that has it drawn down?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)
Pearse Doherty: That was allocated two years ago.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)
Pearse Doherty: What period of time was it with regard to FEXCO?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)
Pearse Doherty: We are coming close to that, are we?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)
Pearse Doherty: Is it concerning that capital that is available to the SBCI has been committed to a company and coming up to a year and a half later around half of the money has not even been drawn down and, therefore, not on-loaned?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)
Pearse Doherty: That would all be clear with regard to the business plan they would have had to submit to the SBCI, in terms of the application process, in order that the timeframe would have been clear on the business plan. Did FEXCO present the SBCI with a business plan?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)
Pearse Doherty: Does every company that has been allocated money present the SBCI with a business plan?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)
Pearse Doherty: Did Bibby Financial Services provide the SBCI with a business plan?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)
Pearse Doherty: Do the banks provide the SBCI with a business plan?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)
Pearse Doherty: There is a plan on how they will use the €400 million, in the context of AIB or-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations: Strategic Banking Corporation of Ireland (27 Mar 2018)
Pearse Doherty: I know that, but let us look at Bibby Financial Services' business plan, for example. It presented SBCI with a business plan. Then the SBCI monitors on the basis of that business plan, is that correct?