Results 18,501-18,520 of 26,053 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Kieran O'Donnell: I welcome Professor Kane and I hope he enjoys his stay in Ireland. On page 9 of his presentation he states: With each successive recession, more benefit is extracted by too-big-to-fail institutions. These patterns ought to be observable in the Irish scene as well. I fear that far greater and more-dangerous benefit flows will emerge in the next crisis. Do we need to move towards a...
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Kieran O'Donnell: I am asking whether it is practical.
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Kieran O'Donnell: From what Professor Kane knows of the Irish situation, and he referred earlier to Anglo Irish Bank, which was nationalised on the backs of the Irish taxpayer, in terms of structures, what could have been done to save the Irish taxpayer money and how early should it have been done in terms of knowing when a bank is insolvent?
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Kieran O'Donnell: I accept that.
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Kieran O'Donnell: When Professor Kane refers to a bank that is growing rapidly, what benchmark would he use to define that growth?
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Kieran O'Donnell: The bank would have fitted into that category.
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Kieran O'Donnell: If one has a situation where one sees an institution that is expanding at such a rapid rate, what are the practical means that the regulator and the State should do at that point in time?
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Kieran O'Donnell: Am I correct when I say that Professor Kane believes that the regulation system should be such that it can step in prior to the bank becoming insolvent to stabilise the situation on behalf of the taxpayer?
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Kieran O'Donnell: It may not be what would be termed a financial technical measure of insolvency, but Professor Kane's view is that if a bank can only function based on the implicit guarantee from the State-----
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Kieran O'Donnell: It is a zombie bank.
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Kieran O'Donnell: The taxpayer needs to move in?
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Kieran O'Donnell: That links in. When does Professor Kane think the next crisis will emerge?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: There are a lot of good features here but I want to clarify one point. Currently under the appeals system, if someone is taking an appeal, do they have to pay the tax up front?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: The fact that the Appeal Commissioners have to report annually to the Houses of the Oireachtas is a very good feature and is to be welcomed. Why, though, are appeal hearings taking so long? The question here is whether this is about revenue collection or transparency - that cuts to the heart of it. There could be a small sole trader in business, under enormous pressure, with a practitioner...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: There would be a range of margins in certain businesses.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: The worry is that a sledge-hammer is being used to crack a nut. If there is an abuse of the system, it must be curbed. Some people may be using the system to kick the can down the road for ten or 20 years. The small shopkeeper or the small businessman will not have the resources to do this. However, he could find himself in a public hearing with his customers in attendance and it being...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: Typically, how long does a person wait for an appeal to be referred by the Revenue Commissioners and heard?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: If it is heard, how long does it take for the Appeal Commissioners to issue a finding?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: After that year, how long would it take to get a Circuit Court hearing?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Kieran O'Donnell: Have the public hearings and the other measures that have been brought in improved the speed of the process? I have worked with those business people and I understand the pressures they are under. Many of them would not be able to cope with public hearings. We are elected to represent all. I have major concerns that the balance would be lost. Mr. Smyth spoke about extra resources and...