Results 16,101-16,120 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: -----and the reason is that the people who manage the investments and the custodians would need to have the wherewithal to be able to do that. The State, whether it is through the Revenue Commissioners or the Department, deals with tens of billions of euro every year, so it is not credible to put forward a defence that the money simply cannot be transferred at one time. I am putting this...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: The witness understands that we must ask questions. If there is, as there appears to be, a delay in establishing this account we must probe and try to establish why that is the case. This question is for Mr. Hogan before I turn to Mr. Cody. How much money must be transferred into this account?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Is one of the reasons that the account is not set up that the Department does not yet know how much it must put into it?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: It is not very complex when they have to figure out how much tax I must pay-----
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: -----or how much citizens have to pay. It is always very complex when we have to find out how much high net worth individuals have to pay in taxes. Mr. Hogan does not know yet how much money must be put into this account. The Revenue Commissioners have not calculated it yet. Is that one of the reasons the account has not been established?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: I will put that to Mr. Cody. When did the Revenue Commissioners become aware that they would have to make a calculation of how much money would have to be put into the escrow account? I ask Mr. Cody to be precise about when because I do not wish to have to interrupt him or for him to have to interrupt me.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: I understand that.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: As we sit here today, Mr. Cody still cannot give us a figure. He said that in September 2016 the Revenue Commissioners would have been aware that they would have to come up with this figure. I understand it is complex and that the Revenue Commissioners must engage with outside stakeholders and people in the State, but the figure is still not established. Can he give me a date for that,...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Can Mr. Cody define a short number of months?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Why does he prefer not to? Mr. Cody is here to answer questions.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Is that not the problem?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: I wish to be fair. I am not asking Mr. Cody to hang his coat on a particular time period because I imagine-----
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: That is progress. Hopefully, that will be the case. Once that is done I expect that Mr. Hogan will have done his work and, hopefully, the account will be set up and the money can be transferred instantly, or as much of it as possible. Would that be a workable timeframe?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: The word "rational" is not the word I would use to underpin this issue up to now. However, if that is how it transpires, it will be progress.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Yes, and the witness will refer back to the committee with dates for that. That would be part of the process as I expect there would be indicative timeframes for that. Mr. Hogan can refer back to us. I accept that he said he was not absolutely definitive-----
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: -----but he must have a notion of when he wants to do it.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: Let us work on the assumption that the account will be set up in the first quarter of next year, Mr. Cody will have the figures in order and the money can then start to be transferred. The Commission is watching this so it would be good work if we were in that territory. I wish to refer to the capital allowances. Can Mr. Cody say how much of this relates to intangible assets?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: There was an increase of €26.7 billion. Is that correct?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: The Department of Public Expenditure and Reform says it is a general rule of thumb that there are ten jobs created for every €1 million in capital investment. If that is the case, my calculation is that approximately 267,000 new jobs would have been created in 2015. That clearly was not the case, so what is happening?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (30 Nov 2017) David Cullinane: How much of the €26.7 billion is intangible goods?