Results 18,021-18,040 of 35,767 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: When does Mr. Byrne think that will be exhausted? When will the bank begin paying the-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: At the current rate of profitability, it will be 20 years before AIB begins paying tax.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: It is not the witness' fault as Fine Gael is responsible but it is an absolute disgrace that AIB made a profit of €840 million in six months and-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: If that were now changed, the State would not have to put in a penny. It would not have to contribute if we reverted to the decision taken when the legislation went through, which was the right decision taken by the late Brian Lenihan who made it clear that banks should not be able to carry forward 100% of those losses, that they had to start paying a contribution to the taxpayer as soon as...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: If we reverse it now, the State will not have to put in any capital.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: That would have to have been done at that time. However, if the legislation were changed today, would the State have to inject capital into AIB?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: That is my point. I rest my case.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: The return is peanuts compared with the tax return if the bank were only allowed to carry forward a section of those losses. The bank's current profitability is significant and fair play to Mr. Byrne as CEO on recording €840 million profit in six months. On that current profitability, it will take 20 years before AIB pays tax. However, the taxpayer deserves taxes to be paid in full...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: I want to address a final issue, that of tracker mortgages, but there is another topic I wish to deal with first. I stopped in Strabane on the way here this morning because I had to get sterling, and Bank of Ireland no longer offers currency exchange in my local branch. When I went to an ATM to withdraw sterling, there were five language options. Will AIB consider the option of using the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: I will not explore the issue further other than to say that the bank should not be making that decision on a commercial basis. AIB was rescued by the State. Irish is the national language. If a bank in Strabane can offer four or five languages, including Polish and whatever other languages, possibly Spanish, when there are probably not a huge number of people living in Strabane and using...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: I am referring to the tracker mortgage scandal.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: How much money did AIB wrongly take from its customers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: Mr. Byrne accepts that AIB wrongly took tens of millions of euro from its own customers. Who was responsible for that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: Who made the mistake?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: Did all 9,000 employees make this mistake?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: Someone made the mistake or some group of individuals-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: Pardon?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: If a person went into AIB and wrongly took tens of millions of euro, where would he or she be today?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)
Pearse Doherty: I will finish on this point. I appreciate and expect that no one currently employed at senior level was involved because the decision would have been taken at a senior or very senior level in the bank, possibly by a group of individuals who are most likely gone from the bank, but someone took the commercial decision not to place or allow the affected individuals onto tracker rates. That was...
- Written Answers — Department of Public Expenditure and Reform: Public Sector Pensions Expenditure (26 Sep 2017)
Pearse Doherty: 46. To ask the Minister for Public Expenditure and Reform the steps he will take to ensure that excessive pensions for former politicians and public servants are curtailed; and if he will make a statement on the matter. [40459/17]