Results 81-100 of 145 for 5 million speaker:Pearse Doherty

Financial Resolutions 2018 - Budget Statement 2018 (10 Oct 2017)

Pearse Doherty: ...Last month there were 3,048. That is what budget 2017 delivered. That is what the so-called centre of Irish politics delivers. The Government with Fianna Fáil’s support cut in excess of €500 million in taxes in that budget. It has the audacity to come back in here this year and propose more of the same while our citizens are denied basic rights. In the real...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Pearse Doherty: ...directors and so forth. It is an issue that presented in the courts. We know it was a major risk at the time in the financial system. How is it that, years later, KBC Bank has been fined €1.4 million by the Central Bank for 18 breaches of improper lending to connected parties, which fall into the category of senior directors, senior managers, spouses or shareholders? It happened...

Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute (13 Sep 2017)

Pearse Doherty: ...will get in the budget or what happens to cigarettes and alcohol but the decisions taken in previous years resulted in the current housing crisis. The ESRI stated that approximately €800 million was being spent per year on social housing. Does it have a view on what the figure needs to be to get to grips with the crisis in social housing? My second question is on the site...

Other Questions: Tax Code (5 Jul 2017)

Pearse Doherty: ...involved in that component and 44% nationally. They are outbidding families that are trying to get onto the property ladder because of the tax structure. The Minister gave a nice answer, that 85% of income had to be distributed to shareholders, but what he did not tell the House was that 85% of the investment in REITs was foreign. Therefore, there is no capital gains tax to be gained on...

Committee on Budgetary Oversight: Engagement on Overall Fiscal Position: Discussion (5 Apr 2017)

Pearse Doherty: We have €5 million savings but we do not have the breakdown under the Garda headline. Has that €25 million-----

Motor Insurance Costs: Motion (16 Feb 2017)

Pearse Doherty: ...lay person would say was based on taking premiums and then gambling with them, although they called that investing them in international stock markets. They gambled and expected a return of 4% or 5% on safe government bonds. However, because of what the ECB has done with quantitative easing, we all know that investing in German bonds, and in some cases in Irish bonds, means the returns...

Establishment of a Commission of Inquiry into the National Asset Management Agency: Statements (1 Feb 2017)

Pearse Doherty: The quote continues: It is alleged that PIMCO discovered that payment of a fixer fee of £15 million was requested, to be paid if PIMCO was successful. PIMCO reported this to NAMA and withdrew from the process. According to the response to a Sinn Féin freedom of information request, the Minister for Finance, Deputy Noonan, [was aware of that but did absolutely nothing to prevent...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (15 Nov 2016)

Pearse Doherty: ...not want to discourage funds from investing in property. They can invest in property. Even if property makes up 1% of a portfolio, we must remember 1% could mean a property of several hundred million euro which could see gains of hundreds of million of euro. If 1% of a portfolio is in property, it should be taxed here and 20% dividend withholding tax should be paid by foreign investors....

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Pearse Doherty: ...with it or not. It is deemed as deferred taxation and at some point the State has to receive that taxation back. I am trying to figure out why, for an ARF, we have an age of 61 for 4% and 71 for 5% and then 6% if the pension pot is above €2 million but we now have a different age of 75 for a PRSA. Why could that not be earlier? This is an issue of tax planning because the longer...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Pearse Doherty: ..., as I want to get into it. This is a very substantial issue and it is very clear from the Government's replies that it is coming under some pressure to justify why it is getting rid of €462 million of our tax base, given the crises we have in this area. I stand over the motion we put before the Dáil. To suggest the motion we put before the Dáil is in any way similar to...

Finance Bill 2016: Second Stage (25 Oct 2016)

Pearse Doherty: ...threshold in its scheme. It is available to individuals regardless of the price of the house. Fianna Fáil's proposal is the ultimate mansion tax in that a person can purchase a new build or an old house for €1 million or €1.5 million and still be able to avail of its version of the scheme. Fianna Fáil rightly makes the point at this late stage in the day that...

Financial Resolutions 2017 - Budget Statement 2017 (11 Oct 2016)

Pearse Doherty: ...a group of men and women with a clear and genuine vision of what the country could be struck for Ireland's rights, we must start rebuilding. We are told the economy grew by 26% last year and that corporation tax receipts are booming, yet 1,000 families are homeless in the capital city. Last week an average of 376 people were on trolleys in hospitals, while there are more than 500,000...

Central Bank and Financial Services Authority of Ireland (Amendment Bill) 2014: Second Stage [Private Members] (6 Oct 2016)

Pearse Doherty: .... I wish briefly to go through a number of other changes. Section 2 seeks a redefinition of "consumer" so that it is in line with the consumer protection code and the Consumer Credit Act. As it currently stands, it has been argued that by defining a consumer as including a company with a turnover of less than €3 million, the possibility exists that the role of the Financial...

IBRC Commission of Investigation: Motion (20 Jul 2016)

Pearse Doherty: It is now four years and three months since I first raised, through a parliamentary question, the write-downs of IBRC to certain individuals. At that time, I noted the €100 million write-off and the €4.96 million pay-off to the shareholders. Obviously, the write-down was in respect of Siteserv. It was within days of the transaction. The Minister's reply at that time was...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2016
Vote 13 - Office of Public Works (Revised) (22 Jun 2016)

Pearse Doherty: ...the OPW screwed up royally when it did not purchase the Garda Síochána regional headquarters at Harcourt Square, the nerve centre of the Garda Síochána, given that the annual rent is €5 million. It went on the market under the control of NAMA and was sold at a low cost. There is an attempt to evict the Garda at the end of their lease. In 2013, we called on the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2016
Vote 13 - Office of Public Works (Revised) (22 Jun 2016)

Pearse Doherty: I appreciate that the €5 million rent could be used to rent another building but let us be clear, Harcourt Square is the nerve centre of the Garda, it is where CAB is located. It is not just a case of going to another building, but replacing the entire infrastructure that has been built up over many years. When one looks at the allocation for refurbishments, it does not include a sum...

Central Bank (Variable Rate Mortgages) Bill 2016: Second Stage [Private Members] (17 May 2016)

Pearse Doherty: ...of funding, but the truth is that standard variable rate mortgage holders can be gouged. Therefore, that is what is happening. The European Central Bank's current marginal lending rate is 0.25%, which marks a decrease from over 5% less than ten years ago. AIB's rate of 3.4% remains the lowest option for mortgage holders among the main lenders, with most of the options being well above...

Written Answers — Department of Finance: Tax Yield (17 May 2016)

Pearse Doherty: 179. To ask the Minister for Finance the revenue that would be raised from the domicile levy were the Irish property value threshold lowered from €5 million to €3 million and the yearly income tax threshold increased from €0.2 million to €0.4 million. [9456/16]

Insurance Costs: Statements (20 Apr 2016)

Pearse Doherty: ...was no longer covering the lack of profitability in the underwriting business for insurers. We can see from the figures that investment income attributable to loss in 2012 dropped from €278 million down to €176 million in 2014. The actual loss was more severe if one looks at 2012 to 2013. That is more than €100 million of a loss in those two years. That is more...

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Pearse Doherty: ...Bill after the budget. As I have stated, the Bill rewards the top 14% of taxpayers, 27,996 of whom earn above €200,000. They were all rewarded with at least €902 each, at a cost of almost €190 million to the State. That is a choice made by the Minister, his Cabinet and the parties in the Government with regard to the priorities of the budget. They have favoured the...