Results 18,701-18,720 of 35,829 for speaker:Pearse Doherty
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: Is one out of three good enough or do we need all three?
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: I am speaking hypothetically. The new Minister and Taoiseach will discuss this in Cabinet. If we went with the balanced budget approach only, and given the level of concentration on corporation tax receipts and our dependency on them, does Mr. McCarthy think that would be a prudent fiscal approach?
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: We will move on. I am sure we will have plenty of discussions between now and then. Given the fact that it will not start to have an impact for five years, we have plenty of time for discussions. It is probably better to wait until we have the new definition of how we can measure our economy to start having these real discussions.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: I wish to ask Mr. Howard about revenue. A total of 82% of corporation tax receipts are coming from the companies within the large case divisions managed by the Revenue Commissioners. How many companies are in the large case divisions of the Revenue Commissioners?
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: Those 10,200 are managed in the large case divisions of the Revenue Commissioners. Ten of those 10,200 make up 32%-----
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: -----sorry, 37%, which is just shy of €3 billion, of the taxes paid to the State. Those ten are ten companies as opposed to ten groups.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: Of the top ten companies, are any of them in the same group of companies?
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: I can appreciate that in terms of identifying companies but most of these larger companies, and Mr. Howard can correct if I am wrong, would have a separate companies. There would be at least two companies. Therefore, I cannot see how Mr. Howard would identify a company by saying that they are in the same group. As explosive as the figure is that 37% of our tax receipts, which is nearly...
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: That is the parliamentary question I tabled but we have not had any replies to parliamentary questions for two weeks because of what has been taking place in the Dáil. I am waiting for that answer and I thank Mr. Howard for that information.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: Two of the top ten companies are in the same group.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: I take it there are eight individual companies and one other company, nine groups.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: The concentration gets a bit more-----
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: Yes, concentrated. Regarding the 82%, Mr. Howard gave me a figure of 10,200 but I presume some of those would be groups of companies, a large number of them.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: For the last year, for which Mr. Howard has data available for the top companies, what was the effective tax rate that the top ten companies paid?
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: It can be provided to the committee.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: I appreciate that. A number of decisions were taken by Government in recent years regarding the double Irish tax mechanism and ending tax residency and stateless companies and a bit of a tail period was provided for companies that were incorporated here prior to 1 January 2015, where basically they were allowed to continue to operate as stateless companies up to 1 January 2021. Is Mr....
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: Yes, but if one were incorporated prior to 1 January 2015 and not tax resident anywhere in the world, one still can be non-tax resident anywhere in the world until 1 January 2021 under the transitionary arrangements. Can Ms Doonan inform the committee that no such companies are availing of the transitionary arrangements, which means that they are here but not resident either here or anywhere...
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: The answer speaks to itself. The fact that Mr. Howard cannot reassure us and say there is no such thing-----
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: That is fair enough. I appreciate that and if the information can be provided, hopefully in plain English or Irish, we will accept it.
- Committee on Budgetary Oversight: Corporation Tax Receipts: Department of Finance and Revenue Commissioners (14 Jun 2017)
Pearse Doherty: I appreciate that.