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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)

Paul Murphy: The sister parties of Fine Gael's coalition partner, in the family of Socialists and Democrats, are also not left-wing any more, unfortunately. They pursue the same austerity policies as the centre-right.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)

Paul Murphy: I regard the parties in the Confederal Group of the European United Left/Nordic Green Left, GUE/NGL, in the European Parliament as being left-wing, as well as the parties within the European left. If one checks the record, just to defend the honour of the genuine left in Portugal, which Deputy Noonan has described as the extreme left, neither the Portuguese Communist Party nor the Left Bloc...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)

Paul Murphy: No they did not, they were not in government. Let me move on. Private investment has also collapsed, more so in this country than elsewhere in Europe. It comes at a time when there are large cash mountains in Europe created by major corporations. There was an article recently in the Financial Timesabout a survey by Standard & Poor's saying that the top 2,000 listed corporations...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)

Paul Murphy: My next questions are more----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)

Paul Murphy: But down 70% versus 2007.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)

Paul Murphy: I will move on. In terms of the financial transaction tax, FTT, am I correct in quoting the Minister as saying the Government decided not to go along with it on strong advice from the industry? Does that mean the Minister literally asked the IFSC and the Clearing House Group if they thought we should introduce the financial transaction tax, and they said "no", that it would be a bad idea?...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)

Paul Murphy: I have a few detailed questions further to that with, I hope, easy enough answers. The Minister is suggesting that, first, he thinks it is reasonably likely that they will never come to an agreement on an FTT, even between----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)

Paul Murphy: I am going to the next step and asking for clarification in order that we can get clarity. In terms of the current stages of discussion, is the Minister aware of how they are discussing collecting it? Are they talking about a central collection agency for the ten countries? The UK tried to take a legal challenge against enhanced co-operation being used for the FTT, and it was shot down by...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-ECOFIN Briefing: Minister for Finance (4 Nov 2014)

Paul Murphy: And in terms of how the money will be collected?

Other Questions: VAT Exemptions (5 Nov 2014)

Paul Murphy: 6. To ask the Minister for Finance the cost to the Exchequer of the proposal in the Finance Bill 2014 to exempt green fees and membership fees in member-owned and non-profit making golf clubs from VAT; and if he will make a statement on the matter. [41763/14]

Other Questions: VAT Exemptions (5 Nov 2014)

Paul Murphy: What will be the cost to the Exchequer of the proposal to put on a legislative basis the decision to exempt green fees and membership fees in member-owned and non-profit making golf clubs from VAT? Regardless of the decision of the European Court of Justice in the past year, does the Minister really think it is justified, in the context of a fourth regressive budget in a row, people being...

Other Questions: VAT Exemptions (5 Nov 2014)

Paul Murphy: I am aware of the relevant case law from the European Court of Justice. However, it remains a political decision of the Government to put that into legislative effect by including it in the Finance Bill. The measure was not mentioned by the Minister in his Budget Statement. He cannot tell me the exact amount of money involved. I presume it is not a significant amount. For example, the...

Other Questions: VAT Exemptions (5 Nov 2014)

Paul Murphy: I understand the Revenue Commissioners made a decision at the start of this year to begin to apply the European Court of Justice ruling. What has it decided to do about refunds? It stated at that stage that it was in discussions and if there was to be a windfall for clubs it would not be given. Has it made a decision yet? If not, why not? This is important because it speaks to the nature...

Finance Bill 2014: Second Stage (Resumed) (5 Nov 2014)

Paul Murphy: The Finance Bill tells a tale of two different budgets. One of these budgets is for working class people, the most vulnerable and unemployed people. It is a budget which, in effect, ensures the continuance of austerity for them. The other budget is a recovery budget for the rich, high earners, developers and corporations. The weekend before the budget was announced, the headline on the...

European Council Meeting: Statements (5 Nov 2014)

Paul Murphy: I wish to share time with Deputies Shane Ross, Richard Boyd Barrett and Clare Daly.

European Council Meeting: Statements (5 Nov 2014)

Paul Murphy: The key item on the agenda for discussion at the recent European Council summit was climate change. Unfortunately, EU leaders, including the Taoiseach, the German Chancellor, Angela Merkel, and the French President, François Hollande, do a good impression of fiddling while the world burns. We are hurtling towards an absolute catastrophe. In 30 years the Artic could be ice-free and...

Written Answers — Department of Finance: Tax Code (5 Nov 2014)

Paul Murphy: 25. To ask the Minister for Finance the consideration taken by him, especially with regard the possibility of an increase in the speculative purchase of land, before making the proposal to end the 80% windfall tax on rezoned land. [41762/14]

Written Answers — Department of Finance: NAMA Portfolio (5 Nov 2014)

Paul Murphy: 73. To ask the Minister for Finance if he will provide data in tabular form of the number of houses and apartments that are in the possession of National Asset Management Agency that have been sold in the past 18 months, being rented, otherwise occupied and vacant; the total rental income on the units being rented or otherwise occupied. [42442/14]

Written Answers — Department of Finance: Tax Code (5 Nov 2014)

Paul Murphy: 74. To ask the Minister for Finance if he will report on any talks or consultations that have taken place or are planned between him or his Department officials and the EU Commission or other EU member state Governments on the proposal for a knowledge box tax scheme for corporations; and if he will make a statement on the matter. [42446/14]

Written Answers — Department of Finance: Tax Credits (5 Nov 2014)

Paul Murphy: 75. To ask the Minister for Finance if he will report on the measures that have been taken to extend the €100 tax credit for water charges to low paid workers; and if he will make a statement on the matter. [42447/14]

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