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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Pearse Doherty: Okay. A point was made that we do not ban geographic areas. We are not investing in Russia, however, and rightly so. Therefore, we do divest. We do not invest in certain geographic areas. Is that the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Pearse Doherty: Mr. Ashmore raised the issue of what a geographic-specific investment strategy might entail, but we already do it. That is the point. Is that not the case? We already have geographic-specific investment strategies. Is that not the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Pearse Doherty: Yes, but we would not be an outlier. The problem here is with the NTMA and the Government. If I were Minister of Finance, I would sit down with Mr. Ashmore and Ms Meghen to tell them to stop using taxpayers' money to go into illegal settlements and tell me what needs to be done and the consequences of doing that. I would tell them we need to stop this because what is happening in Gaza is a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Pearse Doherty: Exactly.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Pearse Doherty: So Mr. Ashmore is saying that because of the Private Members' Bill, the NTMA is not doing anything in respect of this matter?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Pearse Doherty: Mr. Ashmore says there is a process under way. What process is under way in the NTMA regarding taxpayers' money being invested in activities that support illegal settlements in the occupied territories? Where does that process stand?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Pearse Doherty: May I ask a simple question? As an official in the Department of Finance, does Mr. Gilvarry believe that taxpayers' money should be invested in an Israeli bank that is funding hundreds of homes in the occupied territories? Does he believe that our citizens' money should go there? That lies at the core of the legislation. If the Department of Finance wants to submit an amendment, it can do...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Pearse Doherty: We know the size of Norway's pension fund.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Pearse Doherty: That is the final question. The problem is that the NTMA is not divesting. Mr. Ashmore might answer that question. If the problem is that the NTMA is not divesting, that is why we have to bring in legislation. To tell you the truth, if the NTMA said it will stop it today, the legislation will be dead. It will be moot. We do not need legislation to do this. If the Minister told the NTMA...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Pearse Doherty: What about consultation in terms of the overall guiding principle of the strategy?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Pearse Doherty: Exactly. The NTMA consults with the Minister. I am not talking about the individual portfolios. The Minister has a role in the NTMA's overall governing guiding principles. Is that not the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Pearse Doherty: If the Minister told the NTMA that the strategy he or she wants to see is that the NTMA ensures taxpayers' money is not invested in illegal settlements, his or her opinion would be taken on board, would it not?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Pearse Doherty: Banks are lending money. They are profiting from-----

Written Answers — Department of Finance: Tax Credits (20 Mar 2024)

Pearse Doherty: 235. To ask the Minister for Finance the number of applications to the mortgage interest tax credit which have been rejected on the grounds that an applicant does not have a sufficient income tax liability. [12154/24]

Written Answers — Department of Finance: Tax Credits (20 Mar 2024)

Pearse Doherty: 236. To ask the Minister for Finance the number of applications to the mortgage interest tax credit which have been rejected on the grounds that an applicant does not have a sufficient income tax liability despite their mortgage interest costs being higher in 2023 compared to 2022. [12155/24]

Written Answers — Department of Finance: Tax Credits (20 Mar 2024)

Pearse Doherty: 237. To ask the Minister for Finance the number of applications to the mortgage interest tax credit which have been unable to receive the full 20% relief under the credit on the grounds that an applicant does not have a sufficient income tax liability despite their mortgage interest costs being higher in 2023 compared to 2022. [12156/24]

Written Answers — Department of Finance: Tax Credits (20 Mar 2024)

Pearse Doherty: 238. To ask the Minister for Finance the number of successful claims to date under the mortgage interest tax credit relief. [12157/24]

Written Answers — Department of Finance: Tax Credits (20 Mar 2024)

Pearse Doherty: 239. To ask the Minister for Finance the value of money disbursed to date under the mortgage interest tax credit. [12158/24]

Written Answers — Department of Finance: EU Bodies (20 Mar 2024)

Pearse Doherty: 247. To ask the Minister for Finance the cost of Ireland's bid to host the EU Anti-Money Laundering Agency; the breakdown of this cost including advertising and so on. [12495/24]

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