Results 16,081-16,100 of 26,610 for speaker:David Cullinane
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: With respect, I am not.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Sorry, with respect, no I am not. What I have put to Mr. Cody is exactly what he said. If he would sit back and listen for a moment to what I am saying, it is that Mr. Cody said that the Revenue Commissioners approach to tackling offshore evasion is recognised by the OECD as best practice. Is that correct?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Mr. Cody was offering up the OECD and its standards as the standard by which we should judge whether the Revenue Commissioners' approach is best practice. I am saying that this is the same organisation which, in the same breath, is telling us that there are no tax havens at all. That is the point I am making. I will move away from that because, with respect, Mr. Cody completely...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: No, that is okay. Is it also the case that the number of companies in receipt of the credit has decreased?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Is it the case that ten companies claimed €416 million of those tax credits? Is that correct?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Does Mr. Cody mean million?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: If you could, because my understanding is that ten companies claimed two thirds of the overall amount, which is €416 million.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: And I am asking the question here. I seek clarification as to whether the figure is correct. I am assuming it is correct, which then means that many smaller companies that we are trying to encourage to develop and grow may not be getting a fair crack of the whip. If it is the case that we have a tax credit in place that is simply going to the top companies and is not filtering down to...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Is there any concern that companies are inflating the research and development being undertaken? Is that something that would concern the Department? Does it form part of the Department's examination of the tax credit?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: May I turn to Apple briefly?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: What I might do is come back to the Apple issue in the second round. I have one final question for Mr. Cody. He said last night that Revenue would investigate thoroughly and seek to recover the tax avoided, together with interest and avoidance surcharges. Has anybody in the State been subject to a criminal sanction for not paying tax in the past five years?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Does Mr. Cody have data he could provide for the committee or is it sensitive information? Obviously, we are not looking for the names of the individuals involved, but in terms of the numbers-----
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Will Mr. Cody forward a note to the committee on that matter? I will come back to the Apple case later.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: I want to return to some of the issues raised earlier, especially the issues of Apple and capital allowances. Mr. Hogan fielded questions earlier about the establishment of the escrow account. He said that the infrastructure is not in place for that account to be set up. Can he remind us what infrastructure needs to be put in place?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Custodians and investment managers must be appointed. Why does it take so long for that to happen?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Is that now in train? Have they kicked in yet?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: What date does the witness expect the account to be up and running?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: I am not asking for the Monday or Tuesday it will happen. Can the witness give us the month it will happen?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Given that this is an issue where, potentially, we might find ourselves in hot water for a delay in establishing this account, it would be in the State's interest for the Department to be somewhat prescriptive.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: The witness also said, when fielding questions in respect of the amounts that will eventually have to be transferred into the account, that it is possible this could be done in phases-----