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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Right2Homes (20 Jun 2017)

Pearse Doherty: Mr. Honohan should correct me if I am wrong. In the context of the timeframe, there are three different ways in which the property would be purchased from the financial institution. The first is an agreement with the financial institution based on the market value at a certain date - 31 December 2016 - the second is through a compulsory order and the third is through the open market. What...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Right2Homes (20 Jun 2017)

Pearse Doherty: How would that work hand in hand with EU state aid and competition rules in terms of a case that could be taken by a potential bidder for a property which a bank was about to sell but which, under the legislation that would have been passed, it would have to sell to the co-op?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Right2Homes (20 Jun 2017)

Pearse Doherty: That is fair enough because they see part of it deals with that issue that they can continue to oppose-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Right2Homes (20 Jun 2017)

Pearse Doherty: While there are many failures in the mortgage market, what I find sickening is that, in the event that this legislation gets to the floor of the Dáil, is discussed on Committee Stage and progresses, we will end up dealing with State agencies. Allied Irish Banks and Permanent TSB are State agencies and we should not have to create another agency or vehicle in terms of those branches of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Right2Homes (20 Jun 2017)

Pearse Doherty: On the timeframe, property will be purchased from the banks using either model A, B or C. Does Mr. Honohan have an indication of the number of mortgages of home owners and buy-to-let mortgages that would eventually be in the co-op? Perhaps he will explain why we would set up this co-op for professional investors or others who may use properties as their family's pension fund and so forth.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Right2Homes (20 Jun 2017)

Pearse Doherty: On the timeframe involved, does Mr. Honohan envisage that the co-op would exist indefinitely? The ultimate aim is that borrowers would be able to purchase back the properties at some stage, which may or may not be the case. Would the co-op always have a foothold in the market in respect of renting?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Irish Mortgage Market: Right2Homes (20 Jun 2017)

Pearse Doherty: I thank Mr. Honohan and the other witnesses.

Written Answers — Department of An Taoiseach: Departmental Expenditure (20 Jun 2017)

Pearse Doherty: 115. To ask the Taoiseach the expenses incurred by his Department on insurance of all types of in each of the past five years; the cost of each insurance policy held by his Department over the same time period per annum; and the same data for all bodies under the aegis of his Department [26513/17]

Written Answers — Department of An Taoiseach: Central Statistics Office Data (20 Jun 2017)

Pearse Doherty: 119. To ask the Taoiseach if the CSO will produce more granular data on the cases of white collar crime. [26590/17]

Written Answers — Department of Finance: Company Liquidations (20 Jun 2017)

Pearse Doherty: 208. To ask the Minister for Finance the number of outstanding claims with regard to a company (details supplied) awaiting payment in increments of €100,000, in tabular form; and if he will make a statement on the matter. [26602/17]

Written Answers — Department of Finance: Real Estate Investment Trusts (20 Jun 2017)

Pearse Doherty: 241. To ask the Minister for Finance the tax treatment of Irish REIT shares which are given as share based remuneration to employees of Irish REITs. [27116/17]

Written Answers — Department of Finance: Real Estate Investment Trusts (20 Jun 2017)

Pearse Doherty: 242. To ask the Minister for Finance if non-resident shareholders in Irish REITs are not subject to capital gains tax upon disposal of their shareholding provided that there is an uplift in the value of their REIT shares. [27117/17]

Written Answers — Department of Finance: Real Estate Investment Trusts (20 Jun 2017)

Pearse Doherty: 243. To ask the Minister for Finance the anti-avoidance measures which would prohibit a person from changing to a non-resident in order to avoid capital gains tax upon disposal of their shareholding provided there is an uplift in the value of their REIT shares. [27118/17]

Written Answers — Department of Finance: Tax Yield (20 Jun 2017)

Pearse Doherty: 244. To ask the Minister for Finance the revenue from tapering out the pay as you earn tax credit, the earned income tax credit and the single personal tax credit, that is no taper for married portion credit entitlements of €1,650, credits by 0.02% per €1,000 on individual income between €100,000 and €150,000 per year resulting in no entitlement to...

Written Answers — Department of Finance: Fiscal Data (20 Jun 2017)

Pearse Doherty: 261. To ask the Minister for Finance if he will confirm media reports that there is €200 million in net fiscal space available for 2018 and €3 billion of fiscal space to 2021; and if he will make a statement on the matter. [27367/17]

Written Answers — Department of Finance: Housing Data (20 Jun 2017)

Pearse Doherty: 266. To ask the Minister for Finance the number of residential units in the possession of each of the State backed banks that are currently unoccupied; and if he will make a statement on the matter. [27436/17]

Written Answers — Department of Finance: VAT Payments (20 Jun 2017)

Pearse Doherty: 267. To ask the Minister for Finance the composition of a matter the EU calls the VAT gap, the reduced or zero rates applicable and the cost attached to each instance by product or service; and if he will make a statement on the matter. [27437/17]

Written Answers — Department of Finance: Corporation Tax Regime (20 Jun 2017)

Pearse Doherty: 271. To ask the Minister for Finance the number of the ten companies that paid 37% corporation tax in 2016 that were members of the same group; and the number of groups of companies that paid 37% corporation tax in 2016; and if he will make a statement on the matter. [27578/17]

Written Answers — Department of Finance: Corporation Tax Regime (20 Jun 2017)

Pearse Doherty: 273. To ask the Minister for Finance the number of companies that are dealt with by the Revenue Commissioners' large cases division for the purposes of corporation tax in each of the past ten years; the total receipts from these companies in each of the past ten years; if he will provide this figure as a percentage of total tax take in each of the past 10 years; and if he will make a...

Written Answers — Department of Finance: Financial Services Regulation (20 Jun 2017)

Pearse Doherty: 276. To ask the Minister for Finance his plans to regulate the companies that provided hire purchase products including personal contract plans; and if he will make a statement on the matter. [27676/17]

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