Results 17,801-17,820 of 28,162 for speaker:Catherine Murphy
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Catherine Murphy: Regarding the whistleblower, much of this would not have come to light without the assistance of a whistleblower. Yet again there was a significant consequence for the whistleblower. If it is going to be on the work programme, the most effective time to talk to the whistleblower, which we should do, would be closer to the point where we will deal with this on the work programme because it...
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Catherine Murphy: Agreed.
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Catherine Murphy: I received quite a bit of correspondence as well. I suspect we all did. There is obvious frustration given this is a semi-State company. What can we, as the Committee of Public Accounts, do directly on this? Does it come under the remit of the Comptroller and Auditor General?
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Catherine Murphy: Can we do it via the-----
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Catherine Murphy: Can we do it via the-----
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Catherine Murphy: Will the local property tax will be part of that morning session?
- Public Accounts Committee: Business of Committee (22 Feb 2018)
Catherine Murphy: We have had two sizeable pieces of correspondence on open disclosure and contingent liability of €2 billion and the State Claims Agency. We were told a pilot study was commenced eight years ago. If the open disclosure proposal was fully implemented, it could end up being a good model for reducing liability on the courts or legal side. Has that been factored in?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Catherine Murphy: I thank the witness for the update and following through on some of the questions we asked last week. I am interested in the section on transfer pricing. That comes out of the report, Review of Ireland’s Corporation Tax Code, by Mr. Seamus Coffey. If transfer pricing were to be extended to non-trading transactions that would include transfer pricing examination of matters such as...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Catherine Murphy: What bearing would the Coffey recommendation have and on what sector?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Catherine Murphy: In respect of bank debts or liabilities, we read not long ago that one particular bank that had been bailed out would not have an expectation of a tax liability for about 20 years. Is there a way of disaggregating some elements of commercial trading? I refer to the banks. I can understand a small company may have accumulated debts and writes those debts off against taxes. That is...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Catherine Murphy: Can I just expand a little on that? It would be quite useful to hear about the changes that were made in the UK with regard to smaller companies. Usually when there is a newspaper headline relating to corporate tax, the response is that a small number of companies pay the vast majority of corporate tax and that is actually the case. However, Dr. Keegan has drawn a distinction between close...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Catherine Murphy: What difference has the knowledge development box made?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Catherine Murphy: A couple of further questions occur to me, the first of which is on auditing research and development. Some companies operate on a leading edge basis. As they manufacture, research and development is happening. How is that audited?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Catherine Murphy: People's concept of research and development is someone in a lab testing things, but many companies also have a production line or the line is their research and development.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Catherine Murphy: Is that not just plain manufacturing?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Catherine Murphy: I will pick up on Dr. Keegan's response to a point that was made about companies. He stated that, if money was still in a company, it would be subject to another tax after a certain time. Profitable multinationals are subject to tax. What happens to the money that is left in those companies?
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Catherine Murphy: It only-----
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Catherine Murphy: Obviously, the context of this discussion is the chapter from the Comptroller and Auditor General. We then wrote to a number of multinational companies and invited them to respond. It is worth pointing out that one or two of them were very complimentary about the large taxpayers' unit in Revenue.
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Catherine Murphy: It is worth saying they were very complimentary about the efficiency of the large case unit. We know that a small number of very large companies pay a sizeable portion of corporation tax. They fall in sectors such as financial, insurance, manufacturing including pharmaceutical, and information and communications. We also know the effective rate very much depends on what can be set aside...
- Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018) Catherine Murphy: It is one particular sector, however. It is not like one is buying new machines and those machines will produce something for three or four years. It is highly likely there will be a continuous demand for research in, and development of, drugs. Is that not the case? How does one audit it? It is probably Revenue.