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Seanad: Order of Business (6 Dec 2016)

Rose Conway Walsh: That has been done.

Seanad: Order of Business (6 Dec 2016)

Rose Conway Walsh: You are.

Seanad: Order of Business (6 Dec 2016)

Rose Conway Walsh: So that is not defensive?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Rose Conway Walsh: I thank the witnesses for their presentations. One might get the impression that it is the second C of the abbreviation, consolidation, that will cause the greatest issues in Ireland's case. However, what is being proposed under the first C of the common base is as alarming from the point of view of sovereignty. Could Mr. Hession explain what a common income tax base would look like?...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Rose Conway Walsh: How difficult would it be to run the two systems for the two thresholds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Rose Conway Walsh: Is it a sustainable suggestion that the State could be in favour of a common but not a consolidated tax base?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Rose Conway Walsh: Has the Department done any figures on what might be saved in terms of companies that are currently paying zero tax rates if this were this to be fully implemented? How would it affect the tax numbers?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Rose Conway Walsh: For instance, the different criteria used to assess where a company is based are cited in terms of where their assets and employees are. Are there any figures on the result if that was to be applied to some of the companies that are currently not paying the 12.5%?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Rose Conway Walsh: Strictly speaking, the role of the committee is to look at the EU proposals to decide whether they are in line with the principles of subsidiarity and proportionality. In 2011, the Dáil decided that the proposal then from the EU and the CCCTB was not in line with those principles and adopted a reasoned opinion. It stated five detailed reasons why this was the case. Does the Department...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Rose Conway Walsh: Does Mr. Hession think a common approach across Europe would make it more difficult to avoid paying tax?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (6 Dec 2016)

Rose Conway Walsh: Does Mr. Hession agree that having a common tax base would not in any way affect our 12.5% corporation tax, or whatever it might be and that they are two completely separate issues?

Seanad: Order of Business (7 Dec 2016)

Rose Conway Walsh: I welcome the hour of coding being run by many schools around the country and in 180 countries worldwide in which children have the opportunity to participate in coding and programming. Of course, one hour is not going to change the world, but it brings to the fore the need for urgent action to integrate programming and coding into the learning lives of our young people and, indeed, our not...

Seanad: Finance Bill 2016: Committee Stage (7 Dec 2016)

Rose Conway Walsh: This section sums up the budget, the choices this year and the fact that the wrong decisions were made. The rhetoric is about investment in public services but in section 2 we have the real intent of this Bill, which is to slash taxes. We will see an example of that later with capital acquisitions tax, CAT. It is not a matter of the €335 million of fiscal space this year or even the...

Seanad: Finance Bill 2016: Committee Stage (7 Dec 2016)

Rose Conway Walsh: We will oppose section 9 of the Bill. The help-to-buy scheme was a bad idea when it was first proposed, and after the Central Bank's changes, it is a really stupid idea. This scheme will add fuel to the fire and it will not add to supply. It will just boost demand, drive up prices and only help developers and banks. Unlike others, my party is unambiguously opposed to it. We had the farce...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Rose Conway Walsh: The Central Bank representatives are citing that Ireland is riskier than any other country. Is there a point in future when the Central Bank envisages Ireland will be less risky? Has the risk been consistent since 2008? We are supposed to have full employment now and GDP of 27%. Do these factors not suggest that the environment is less risky and that this should be reflected somehow in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Rose Conway Walsh: The concern I have is that so much emphasis is placed on switching and the ability to switch. However, the main cohort of people that I am concerned about are those who have been paying at the higher rate. They have endured financial stress as a result. They are then in a situation whereby they have arrears or their loans have been restructured. Can the Central Bank representatives tell...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Rose Conway Walsh: They are not necessarily on a lower rate once it has been restructured.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Rose Conway Walsh: The witness said 50% are on lower-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Rose Conway Walsh: That would suggest 60% are on a higher percentage after a restructure.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland (8 Dec 2016)

Rose Conway Walsh: His or her arrears are then put into the capital amount of the mortgage.

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