Results 81-100 of 6,295 for speaker:Michael D'Arcy

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: I am not sure that the Senator understands the concept of hollowing out the tax base because we have done the opposite. We have broadened the tax base since entering Government in 2011. I am not editorialising under any circumstances.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: I am saying that we will lose these jobs. This is part of the armoury that is required, although not all of it. The Senator questioned somebody's patriotism if they have left and returned. That is not all of it.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: The Senator did question it.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: It is exactly what the Senator said.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: Everything we are doing is to expand the tax base we have. We have brought the corporate tax yield from €4.5 billion to €10 billion. We have brought the income tax take from €11 billion to €22 billion, and that is why we are able to spend more on health, social protection, education and other such services. This is part of our successful armoury to get companies...

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: Well done to Sinn Féin. If the Senator wants to bring in the politics of elections, that is fine.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: The Senator started it, if she remembers. The Senator brought in the politics of elections.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: We will not bring up the Acting Chairman's local elections. Half his county council seats-----

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: I guess I am doing a bit of goading. I apologise.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: I apologise for goading Senators. Sometimes it is not difficult.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: I said sometimes it is not difficult to goad Senators.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: On whether it relates to ideology or practicality, it is due to practicality. We need €62 billion to run the State every year. That is the level of expenditure we have. We have never spent more under current expenditure and we have to get the money in. If ideology prevents us getting money in, then we have to move beyond the ideology. SARP is a practical relief. It is what gives...

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: There is an exemption from income tax on any gain realised on the exercise of a qualifying share option under the key employee engagement programme, KEEP, scheme.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: I have discussed SARP earlier.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: The figures tend to be two years behind. We will the figures for 2018 next year in 2020. That is the way it works with Revenue. We do not do the figures. Revenue allocates the figures to us.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: The KEEP scheme is not for the wealthy elite. The KEEP scheme was designed for people working in a particular sector. The challenge for smaller companies in that sector is that they are not able to hold on to their staff. Staff retention is a major issue in many sectors. The objective here is to give an employee the opportunity to take shares as part payment of their salary in effect. It...

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: It does not.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: I have no more to add.

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: Unfortunately, the Senator's ideology is clouding her practicality. If we go down the road of her ideology we would not have enough money to spend the-----

Seanad: Finance Bill 2019: Committee Stage (3 Dec 2019)

Michael D'Arcy: She is trying to portray the Irish income tax as not being progressive. It is the most progressive income tax system in the OECD countries. The more people earn in Ireland, the more they pay. We have a number of targeted schemes designed to increase the overall pot. The Senator's ideology would prevent the pot being increased. She would bang the drum but it would result in only having...