Results 17,401-17,420 of 35,756 for speaker:Pearse Doherty
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: That may be so but we are not dealing with pension funds here.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: The Minister of State has made a great argument for vulture funds and why they were needed and he has taken lines from the hymn book of the former Minister, Deputy Noonan, about the role played by vulture funds and the ecosystem and so on. Many members have a different experience. We should remember that many of the vulture funds in question have no plans to reinvest here and are in it for...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: Can the Minister of State define "vulture funds" because he was not willing to say-----
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: The Minister of State is giving the impression that they are pension funds, but I would argue categorically that this is not true. I do not have the knowledge and details that are in possession of the Minister of State and his officials.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: Is the Minister of State telling me that none of the funds that are not pension funds - perhaps Oaktree came in at a later stage - bought qualifying assets in 2013 that will now be eligible for the capital gains tax exemption?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: Can the Minister of State explain that a bit more?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: There are 100 widely-held funds.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: Before we move on, I wish to clarify a matter regarding to the subcategory of PPIREFs. Can the Minister of State tell us how many of the 100 IREFs are deemed to be PPIREFs?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: There are 95.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: Have any of the 95 funds challenged their designation as PPIREFs?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: The Minister signalled an amendment to this section. Can he provide further detail on that?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: We received briefings on this issue and I appreciate that a considerable amount of work was done during the relevant period to ensure the change was included in the Finance Bill. However, Report Stage amendments are never properly scrutinised because the time available to do so is limited.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: As regards the disposals occurring on or after 1 January 2019, this is provided for in amendment No. 20. As this amendment to the Finance Bill in turn amends the Taxes Consolidation Act, I have not had a chance to go through the Bill and the Act line by line to see how they interact. In the case of Irish real estate funds, IREFs, which dispose of assets before 1 January 2019 and the...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: The words "this section shall apply" in subsection (3)(b) of amendment No. 20 refer to the section in the Bill that contains all the other measures. The amendment basically provides that the date in respect of the dividend withholding tax exemption will be 1 January 2019 but the date in respect of all other issues in the amended section of the Bill will be 19 October 2019. The two issues...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: The date of 1 January 2019 is a policy choice. There is no legal requirement to give the funds in question an additional grace period of 13 months. Is that correct?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: When did the lobbying take place?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: We only found out about this change last week when the amendments were circulated. I welcomed the proposal because the end of the CGT exemption is----
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: Will the Minister of State provide information on the individuals who lobbied and what they lobbied for?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: Did these people come to the Department to lobby or did the Department reach out to the funds?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)
Pearse Doherty: Will the Minister of State ensure his officials provide the information?