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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Pearse Doherty: When will it be published?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Pearse Doherty: Will the Minister get it on Thursday or Friday? Is that what he is suggesting?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Pearse Doherty: Will the debate be next Thursday or Friday?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Pearse Doherty: The summer economic statement will be published earlier next week.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Pearse Doherty: Are we likely to see any significant changes to the fiscal space in the summer economic statement?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Pearse Doherty: We will come back to it in the budgetary committee because many of the ingredients that are locked into the fiscal space are locked in at this point in time. There should not be that much flexibility at any time during the year in terms of the fiscal space. It should be very much locked in at this point in time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Pearse Doherty: My last question is on the issue of the banking union. It seems that the whole plan of the banking union has now untangled. It has fallen at the first hurdle. We had this great promise from the European Union that taxpayers' money would not be used in rescuing the banks. The first challenge to the European Union on that was in Italy and lo and behold, MPS, a bank in Italy, has been...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Pearse Doherty: Was there a bail-in in the Spanish scenario?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Pearse Doherty: Was it of senior bondholders?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Pearse Doherty: That is the point I am making. There were bail-ins of junior bondholders in other areas but the significance of the new model was that senior bondholders were bailed in before there would be any call on funds. That is the point about Italy. I am sorry to split hairs.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Pearse Doherty: It was a major blow to the process and serious questions need to be asked about the Commission's decision to allow it to happen. There is either a new model or there is not. If this were to happen in Ireland or Luxembourg next, there would be an expectation in the markets that rather than applying the new "suck it up, folks" model that is supposed to involve the bail-in of junior and senior...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: ECOFIN Meeting: Minister for Finance (6 Jul 2017)

Pearse Doherty: I thank the Minister.

Written Answers — Department of Finance: Tax Compliance (6 Jul 2017)

Pearse Doherty: 68. To ask the Minister for Finance the cost of allowing the use of section 110 tax status by those involved in the business of loan origination (details supplied); and his plans with regard to stopping these businesses operating in a tax neutral manner. [31930/17]

Written Answers — Department of Finance: Sale of State Assets (6 Jul 2017)

Pearse Doherty: 69. To ask the Minister for Finance if the sale of a bank's (details supplied) shares could be used for anything other than the reduction of debt such as an instalment in the rainy day fund; and if he will make a statement on the matter. [31956/17]

Written Answers — Department of Agriculture, Food and the Marine: GLAS Payments (6 Jul 2017)

Pearse Doherty: 225. To ask the Minister for Agriculture, Food and the Marine when a person (details supplied) in County Donegal will receive their outstanding GLAS payment for 2016. [31944/17]

Early Childhood Care and Education: Motion (Resumed) [Private Members] (5 Jul 2017)

Pearse Doherty: Tá mé fíor-bhuíoch den Teachta Kathleen Funchion as ucht an rún seo a chur os comhair na Dála anocht. Níl dabht ar bith gur cheist fíor-thábhachtach é do leanaí agus do dhaoine óga, ach go háirithe dóibh siúd atá ag obair san earnáil seo. Ba mhaith liom an deis a ghlacadh le moladh a thabhairt do mo...

Other Questions: Tax Code (5 Jul 2017)

Pearse Doherty: We argued for it.

Other Questions: Tax Code (5 Jul 2017)

Pearse Doherty: The Minister needs to open his eyes and look at what is happening. Let us look at what the Central Statistics Office, CSO, stated. It stated non-household buyers were outstripping new homeowners in purchases of new houses in Dublin. Who makes up the largest component of non-household buyers? The answer is REITs qualified investor funds. Some 62% of new homes in Dublin were bought by...

Other Questions: Tax Code (5 Jul 2017)

Pearse Doherty: The Minister is creating them. His party is-----

Other Questions: Tax Code (5 Jul 2017)

Pearse Doherty: The Minister should answer the questions asked.

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