Results 17,161-17,180 of 35,756 for speaker:Pearse Doherty

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: We should make clear to them that there will be no engagement.

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: I am not going to go into who was in government at the time when all these decisions were made. The Labour Party was in power when the 2014 decision was made. Fianna Fáil was there beforehand, when Brian Lenihan brought in the amendment.

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: There was a lot of that. Now Deputy Burton is goading me, because when she was in Cabinet, she approved taking it out.

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: We will not go there, because whatever happened in the past is in the past. The question is what we do from here on. We all have the facts before us. We all know that these banks are super-profitable. We all know that the State requires additional revenue. It is not as if we are not subject to pressures. This is not actually about taxing the banks more. It is about taxing the banks...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: I am aware of the commitment made by the Minister for Finance on Committee Stage on foot of my amendment and I welcome the fact that a technical paper will be forthcoming but this amendment goes further and requires a change in law and that a report would be produced within six months on the options available to restrict banks from carrying forward losses against taxable profits. The...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: I will finish now. The profits are being made due to the fact that the banks are not cutting deals with people yet the Government will not ask them to pay tax for the next 20 years. That is something I cannot agree with.

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: The Government seems split on this. One wants the remark withdrawn and the other wants clarification.

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: On a point of order, if the Government is now of the view that the Deputy should not withdraw his comments and all we need is a clarification of Standing Orders, I suggest that, since it is 4.50 p.m., we can all read Standing Orders in our own time. If there is no request for a withdrawal - it is up to the Deputy whether he withdraws the remark - we need to pursue the issue we are...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: 4 o’clock I move amendment No. 42:In page 41, between lines 35 and 36, to insert the following:“25.The Minister shall, within six months from the passing of this Act, prepare and lay before Dáil Éireann a report on options available to restrict banks from carrying forward losses against taxable profits of the banks, which could result in many institutions paying...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: I welcome the clarification that not just the Revenue Commissioners but the Minister's Department will carry out a review. I presume we will return to this issue again and again. There are serious issues. I tabled a parliamentary question on this and the Minister has mentioned again that where there are double taxation treaties, there would be no tax liability. I seriously question that....

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: I move amendment No. 41:In page 41, between lines 35 and 36, to insert the following:“25. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the tax paid in 2016 by companies that act as loan originators in the State and avail of section 110 status.”. The amendment deals with the issue of the section 110...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: I note the Minister said he will ask the Revenue Commissioners to investigate any concerns regarding section 110s. The problem is that BlueBay, for example, is owned by the Royal Bank of Canada. Obviously, there is a different currency here; this section 110 company was set up in Ireland and money filtered through the Royal Bank of Canada into the section 110 company. A total of...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: I move amendment No. 40:In page 41, between lines 35 and 36 to insert the following:“25. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on the tax implications of allowing intangible assets acquired prior to 11 October 2017 be subject to a 100 per cent cap for annual write downs.”.

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: As a proposer of one of the amendments, do I not get a third slot?

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: The Minister may have misheard me earlier. I was not acknowledging that this was an issue of tax deferred or an issue of timing. What I was saying was that this was what the Minister would claim. I went on to point out that it may not be the case because the companies may not be here in ten years' time when all of the capital allowances are used. Allowances for intangible assets, which...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: I have made these points previously but it is clear the Minister is still hellbent on allowing hundreds of millions of euro in tax to go unpaid as a result of the onshoring of intellectual property. Mr. Seamus Coffey's report, on which he did excellent work in flagging up this issue, was interesting and embarrassing for the Government. What was more embarrassing, however, was Mr. Coffey's...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: To tell the Minister the God's honest truth, this is about as clear as mud. He is amending an amendment to the section in the consolidated Act which was brought in on Committee Stage. The amendment to section 19 of the Finance Bill was that this section would only apply to interest paid on or after 19 October 2017. The significance of this amendment is that it does not include just...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Pearse Doherty: Clarification is required in this regards. It appears that a technical amendment is a substantive amendment, which could have substantive changes to the tax liabilities of these section 110 companies. Will the Minister confirm that Irish property that would be put into a section 110 structure would now be taxable retrospectively and therefore would not be tax neutral if this amendment does...

Leaders' Questions (23 Nov 2017)

Pearse Doherty: She is downplaying it.

Written Answers — Department of Finance: Sovereign Debt (23 Nov 2017)

Pearse Doherty: 73. To ask the Minister for Finance his plans to repay bilateral and other sovereign loans at an earlier date than scheduled; and if he will make a statement on the matter. [49651/17]