Results 61-80 of 159 for 5 million speaker:Seán Fleming

Public Accounts Committee: Business of Committee (22 Nov 2018)

Seán Fleming: We will note that request straightaway. No. 1513 is correspondence received from the State Claims Agency on non-cervical cancer screening. It is an old letter that was received in August. As we have discussed it, we will note and publish it. According to the schedule, it was held over. No. 1526 is correspondence received from Mr. Ray Mitchell of the HSE providing follow-up...

Public Accounts Committee: Matters related to Medical Negligence, Open Disclosure, Cervical Cancer and Thalidomide Litigation (8 Nov 2018)

Seán Fleming: ...'s hospital or the national maternity hospital. The State Claims Agency needs to realise that the less money that comes in, the less we will have to build facilities. It may be paying €400 million, but in two years' time it may be €600 million or €700 million, which sum would take us half way in building a new hospital. I am talking about every single year. I know...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: That is €33 million minus €28 million. This €1.2 million happened in respect of €5 million of the Housing Agency's purchases. Can I take it none of it had to do with the National Building Agency or the agency's pension costs?

Finance Bill 2018: Second Stage (Resumed) (24 Oct 2018)

Seán Fleming: .... Fianna Fáil's view towards the end of that Government's life, after several regressive budgets, was that we needed fairness in society and in our budgeting and we demanded and pushed to get a 50:50 balance between expenditure and taxation in those budgets. We pushed heavily for that from the Opposition benches. I think that people began to listen because they knew that while it...

Public Accounts Committee: Business of Committee (18 Oct 2018)

Seán Fleming: ...taking up the units available. That is a matter that has been ventilated on many occasions. Two items in the letter are of particular interest. The most important question we asked related to note 5. We asked for the €24 billion sale of underlying asset with a geographic breakdown of where the purchasers were located, namely what country they are from. They said they were not...

Public Accounts Committee: Business of Committee (18 Oct 2018)

Seán Fleming: ...that there is so much medical negligence. I want to get a report in advance, as soon as is practicable, and we will return back to the issue on every case it has listed with a potential claim for €1 million. I will start at that amount and I will not go below it. I want to get a breakdown similar to that which we obtained from the Tax Appeals Commission in respect of cases that...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 13 - Office of Public Works
Chapter 6: Lease of Offices at Miesian Plaza (11 Oct 2018)

Seán Fleming: That is fine. I wanted to put them on the record more than anything else. Why was a surplus of €5 million surrendered to the Exchequer at the end of 2017, with all the demands?

Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)

Seán Fleming: Just in order that we can get a feel for it. We have mentioned that the profit figure was down significantly. I recall that the operating surplus was down from approximately €8 million to €5 million. I am trying to figure out where in the divisions - operations, knowledge transfer and research - the reduction in profit occurred, as in the case of income, salaries and...

Public Accounts Committee: Teagasc Financial Statements 2017 (4 Oct 2018)

Seán Fleming: Will Professor Boyle talk to me about taxation? Teagasc made a profit of €5 million in the previous year. A figure of €8 million is also referred to. How much did Teagasc pay in corporation tax or income tax? A lot of its money comes from the Exchequer grant. I do not know if the income from it is deemed to be exempt, but Teagasc has other income.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

Seán Fleming: I want to look at NAMA's financial statements. I refer to page 108. Interest is an issue. I ask the witnesses to explain that. I would like to get the total figure regarding note 5 on page 108. We know what I am talking about there - negative interest expense on cash or cash equivalents. It seems to me that NAMA lost more than €3 million in 2017 in negative interest. In other...

Public Accounts Committee: Business of Committee (12 Jul 2018)

Seán Fleming: Correspondence No. 1472 is from Mr. Maurice Quinn, Secretary General of the Department of Defence, date 5 July 2018 providing a note on UN reimbursements. Only €3.4 million was outstanding at the end of 2017. We note and publish that. Correspondence No. 1473 is from Mr. Robert Watt, Secretary General of Department of Public Expenditure and Reform, dated 5 July 2018 outlining the...

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts (Resumed)
Chapter 23: Accounts of the National Treasury Management Agency (Resumed)
National Treasury Management Agency: Financial Statements 2017 (Resumed) (12 Jul 2018)

Seán Fleming: Many of them are at 4% and 5%, and then they drop down to 1.7% and 2%. Perhaps Mr. O'Kelly could give us the full breakdown of the 200. That is a good indicator. That is the only information I am looking for in that regard. I will move on to the Ireland Strategic Investment Fund. A figure of €526 million for residential housing is referred to on page 17 of the financial...

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts (Resumed)
Chapter 23: Accounts of the National Treasury Management Agency (Resumed)
National Treasury Management Agency: Financial Statements 2017 (Resumed) (12 Jul 2018)

Seán Fleming: ...;3 billion per annum, believed it was better to come into a scheme with the State Claims Agency on a pay-as-you-go basis, and if the entire budget for the local authority is also in that bracket of €4 million - and one could include capital expenditure of €5 billion or €6 billion - they would be a similar sized group of organisations in terms of turnover. If it is...

Public Accounts Committee: Business of Committee (21 Jun 2018)

Seán Fleming: ...drawn to some non-competitive procurement, inadequate monitoring and the oversight of grants to outside agencies. The statement of capital income and expenditure shows a surplus from 2016 of €15 million brought forward even though sanction was not obtained to do so. The HSE is on the work programme for this committee and it is due to appear here on 5 July. We can discuss all of...

Public Accounts Committee: Business of Committee (Resumed) (14 Jun 2018)

Seán Fleming: ...the Department of Foreign Affairs and Trade Vote; international co-operation and the Ireland bilateral aid Vote; and the Passport Office. We will ask the Passport Office how it is handling the €50 million in public money it gets annually and how efficient it is. We will all hear that staff are run off their feet but there is something seriously wrong with the management there. In...

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 13 - Development of ICT Systems by the Department of Justice and Equality
Vote 24: Justice and Equality (26 Apr 2018)

Seán Fleming: It is their right. Page 33 says that €5 million of the €7 million for legal costs, 72%, relates to the Irish Naturalisation and Immigration Service. For all the people who go to all the solicitors and take all the cases, the taxpayer tends to cover that cost as a result when they-----

Public Accounts Committee: Business of Committee (8 Mar 2018)

Seán Fleming: ...it proved to be absolutely correct. During the term of the last Committee of Public Accounts, Maurice McCabe arrived in here with boxes of speeding fines that had been cancelled, adding up to €5 million. That was one of the ingredients that led to where we are now. The committee was attacked right, left and centre for dealing with the Garda Síochána issue but a report...

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

Seán Fleming: ...develops its own IP, and uses that in the manufacture of a product incorporating that IP, the profits on that product are taxed at a special reduced rate. In Ireland that reduced rate is 6.25%, that is to say, half of the 12.5% standard corporation tax rate. There is therefore a special reduced rate. I think Dr. Keegan mentioned in his opening statement the 12.5% corporation tax rate,...

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

Seán Fleming: ...for a breakdown of the tax credit based on different bands of tax payment by various companies. I got some information in one reply and more in another on the number of people involved. It was 1,535 companies for 2015 and 1,486 companies were able to claim R&D tax credit in 2016. The range of credit available by way of reduction in tax for those between €1 and €50,000...

Public Accounts Committee: Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed) (22 Feb 2018)

Seán Fleming: ...companies, which are companies controlled by five individuals or fewer. I wish to put on the record, because people are watching these proceedings, that we have been told that approximately 175,000 companies are registered for corporation tax in Ireland but this document also states that 116,000 of those are close companies. As such, the vast majority of the companies involved are very...