Results 17,501-17,520 of 35,756 for speaker:Pearse Doherty
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: It does not apply to buy-to-lets.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: In terms of the tax code, where is the definition of a buy-to-let property? How is it defined? Is it when a loan is taken out or drawn down?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: In the case of a family home that was purchased by a family, which made it a PDH, but the family then emigrated because they lost their job or for whatever other reason and they rented out the house for a year, would the classification of that home change to being a buy-to-let?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: Are those definitions the same definitions that are used by the Central Bank in determining whether a property is a buy-to-let or a private dwelling house?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: We are dealing with tax relief at source so it goes directly to the financial institution and the institution then writes down the mortgage to the appropriate level. It goes straight from Revenue to the financial institution. In light of the revelations we have seen in the past 48 hours, in particular with the State-owned bank, that bank which would receive the mortgage interest relief on...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: That is the Revenue Commissioners. I appreciate that. I think the Minister put that on the record earlier today, or at least the Taoiseach did. On the matter of the bank, however, the Minister is the main shareholder in AIB. What the Paradise Papers tell us is that a subsidiary of AIB, at a time when it was State owned, refused access to information that the Revenue Commissioners...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: There is a difference between tax avoidance and tax evasion. The Revenue Commissioners will pursue tax evasion with rigour. I hope they have the resources to go through those papers and make sure that no stone is left unturned on looking at areas of tax evasion. On tax avoidance, which is perfectly legal, but completely unethical, it is bad enough from the high flyers in society but when...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: Does the Minister share my view that AIB and its subsidiaries, in whatever form they exist today, should provide information to the Revenue Commissioners when it is sought by the Revenue with as much ease as possible?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: I welcome section 7 but it is quite limited. In relation to the issue of electric vehicles, there was an opportunity for the Minister to go further in promoting them. At present, the measure is only directed at employees who get a car through work. In our alternative budget, Sinn Féin argued that the bands would be increased by €1,000 and this would encourage more people to...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: How many health policies will be affected by this change in the tax code?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: Does the Minister have information available on tax relief at source, that is paid on these policies at the moment?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: Yes. My other key question relates to a company providing a health-care policy free of charge to an employee. Let us take it that it is just the employee as opposed to the spouse or children being added to it. That health policy will now be deemed as a benefit-in-kind and will have a taxable charge. Who is liable for that? Will the individual or the company be liable for that charge?...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: Does this kick in in January?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: So-----
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: Let us consider a hypothetical case. I understand it is not that uncommon in some of these companies for an individual's partner and child to be included in the insurance policy. If a policy costing €3,000 is provided by the company, that €3,000 is seen as benefit-in-kind and therefore taxable at a rate of approximately 48% when USC etc. is included. Is that correct? This...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: The implementation of which Act?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: We do not know the number of individuals that will be affected. Do we have any guesstimate? Are we talking about, for example, 10,000 or 30,000?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: It could be in single thousands.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: I would imagine some of the larger multinationals are providing these types of packages for their employees.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (7 Nov 2017)
Pearse Doherty: It is if they are directly employed by them. Okay.