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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Pearse Doherty: I brought up this issue with the Revenue Commissioners when they were before us. I was of the view, as were they, that it was AIB. That is my recollection of the conversation, but the delegates say it was not AIB. I will leave it at that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Pearse Doherty: The Chair asked about the group structure. I would like to ask for clarification, because I agree with Ms Dooley, it is confusing. Mr. Byrne was talking about AIB plc, and he omitted the comma at one point. People watching might laugh, but is it the case that there is an an AIB plc? Is there a UK company called "AIB plc"?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Pearse Doherty: "UK" is in the title of that company, in that case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Pearse Doherty: What is the legal structure around that company?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Pearse Doherty: I know that the structure has changed, but let us consider the situation last week or last month. Where does AIB plc, that is, the UK company, fit into the structure? As it is very important, can the witnesses clarify what the name actually is?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Pearse Doherty: Can the main group, AIB, plc, take legal action on behalf of any of its subsidiaries?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Pearse Doherty: Does the AIB Group (UK) plc, whatever its official title is, operate in Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Pearse Doherty: It cannot operate in this State, so therefore it cannot take legal actions in this State.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Pearse Doherty: However, that only applies if a party entered into a contract with that subsidiary, as opposed to AIB Mortgage Bank plc or whatever. Do all of these banks have the same directors?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Pearse Doherty: When we are looking at these structures, as I think we should with other banks, it might be helpful if the witnesses could provide the committee with a list of the banks, an outline of the structure, the official names and the registered company numbers. It would be helpful for us as we are trying to go through this maze. I thank Mr. Byrne for his attendance.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Paradise Papers (Resumed): Allied Irish Banks (14 Dec 2017)

Pearse Doherty: The Chairman was going to ask for guidance on-----

Written Answers — Department of Public Expenditure and Reform: Road Projects Status (14 Dec 2017)

Pearse Doherty: 27. To ask the Minister for Public Expenditure and Reform the status of the commitment in respect of the completion of the A5 motorway to Derry and Letterkenny; and if he will make a statement on the matter. [53263/17]

Finance Bill 2017: From the Seanad (13 Dec 2017)

Pearse Doherty: We are on Committee Stage.

Finance Bill 2017: From the Seanad (13 Dec 2017)

Pearse Doherty: I do not intend to delay proceedings. I welcome the anti-avoidance measure in the Bill. It is appropriate to say that this is not the best way to legislate. The recommendation itself runs to a number of pages, and it is always better to scrutinise such things in committee, to have the appropriate time to do so, although I acknowledge there is no time limit at this point, and to have those...

Northern Ireland: Statements (13 Dec 2017)

Pearse Doherty: Embarrassed.

Written Answers — Department of Finance: Tax Code (13 Dec 2017)

Pearse Doherty: 81. To ask the Minister for Finance if he has scoped the potential impact of proposed United States tax changes to the taxation of intellectual property on the State; the level of research his Department or other Departments or agencies are involved in to quantify the possible impact here; and if he will make a statement on the matter. [53289/17]

Written Answers — Department of Finance: Stamp Duty (13 Dec 2017)

Pearse Doherty: 84. To ask the Minister for Finance the situation in a case in which a sale is agreed and deposit paid for land on 10 October 2017, but no contract has been signed regarding non-residential property on transactions eligible for the 2% rate under transitional relief measures; if the lower rate of stamp duty is still applicable if the contract is executed before year end; and if he will...

Written Answers — Department of Finance: Real Estate Investment Trusts (13 Dec 2017)

Pearse Doherty: 85. To ask the Minister for Finance if consideration has been given to introducing the concept of a deemed disposal for non-resident investors in REITS and IREF, as applies to Irish resident investors in unit funds (details supplied). [53385/17]

Written Answers — Department of Finance: Stamp Duty (12 Dec 2017)

Pearse Doherty: 126. To ask the Minister for Finance the expected cost in 2018 of the proposed exemption for stamp duty for commercial properties that are made up of 25% residential property; and the rationale for same. [52976/17]

Written Answers — Department of Public Expenditure and Reform: Oireachtas Members' Remuneration (12 Dec 2017)

Pearse Doherty: 139. To ask the Minister for Public Expenditure and Reform the rate of salary that would apply to Deputies, Senators, Ministers, Junior Ministers and An Taoiseach if in each case the Civil Service grade their salary is linked to was reduced by a grade, in tabular form; the estimated savings from such a move; and if he will make a statement on the matter. [52914/17]

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