Results 1,081-1,100 of 1,067,442 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Ciarán Cuffe OR speaker:Michael McNamara OR speaker:Michael McGrath OR speaker:Catherine Connolly)
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Pearse Doherty: The Minister made a point and I am telling him now that those who have gone to the Financial Services and Pensions Ombudsman have not done so for the good of their health. These are people who are in financial distress. He has stood there and said they have the same protection. He knows fine well they do not have the same protection because there is a major flaw with the legislation that...
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Jack Chambers: I referenced the FSPO in the context of the appeal procedure and the fact they must inform borrowers of their right to refer the matter to them. That is the context in which I set out my remarks relating to the code of conduct and mortgage arrears. I have also set out that we agreed with the committee on the need to have an amendment and that was subject to legal advice. There was...
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Pearse Doherty: That is not the comment. That was not his comment.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Jack Chambers: That was my reference-----
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Pearse Doherty: His comments were that the protections travelled with them. They are the comments that gave the green light to the vulture funds to sweep in and buy up these loans.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Jack Chambers: For reference, I can set out what I stated, which related to the CCMA and the appeals procedure relating to it when it comes to borrowers referring the matter to them. We are on the record as saying what is required in the context of the amendment before the committee, where there is cross-party support for that.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Pearse Doherty: The Minister is also on the record as misleading the Dáil.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Catherine Connolly: The amendment has been formally moved. Is there anybody here to press that amendment? No, so the amendment falls.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Amendment, by leave, withdrawn.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Section 1 agreed to.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
SECTION 2
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Question proposed: "That section 2 stand part of the Bill."
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Pearse Doherty: On section 2 of the Bill, which deals with the rate of charge in relation to USC, this is not the way the tax package should have been introduced and I will speak to this point more generally in respect of my own amendment. There absolutely was, however, a fairer way to do that. We in Sinn Féin have put on the record that if we have the opportunity to lead the next Government, we will...
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Richard Boyd Barrett: On a point of order, are the amendments dealing with USC in the next section?
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Catherine Connolly: I am not sure what section they are on but on this section, there are no amendments. There are no amendments on section 2 but Deputy Doherty wanted to speak to this section, which is perfectly in order.
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Martin Browne: Workers have had it bad enough with the cost-of-living increases, rents and house prices, increased fuel costs and the LPT increases imposed by Government parties and others who choose to align themselves with the Government parties, such as Labour and some independent councillors in my own constituency. We need to see the abolition of USC for the workers whose means are not sufficient to...
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Jack Chambers: This section of the Bill amends section 531AN of the Taxes Consolidation Act 1997 to give effect to the two changes to the universal social charge that were announced in budget 2025. First, the ceiling of the second rate of USC, that is, the 2% rate, will increase to take account of the increase in the national minimum wage. It is increasing by 80 cent per hour, that is, from €12.70...
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Jack Chambers: To speak about the amendment tabled, the specific wording proposed by the Deputies would have no effect if incorporated into the Finance Bill. For this reason, I cannot accept it. The proposed amendment is to section 1, which provides for the meaning of words in Part 1. Inserting a definition here does not change the meaning of words in the Taxes Consolidation Act 1997 and, as such, the...
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Pearse Doherty: Can I take the Minister up on that? He has completely misled the Dáil again and I really need to ask him to stop doing that. He made the point that loans sold to vulture funds or credit servicing firms are subject to the same rights and entitlements when sold. We know that is not the case, and the FSPO is on record as saying it is not. There was a major loophole in the legislation in...
- Finance Bill 2024: Committee and Remaining Stages (5 Nov 2024)
Jack Chambers: An amendment has been made regarding the FSPO, as the Deputy is aware, in the context of what he has set out. The Government previously sought to correct this. I have set out the robust framework in place to protect people dealing with issues such as mortgage arrears. The CCMA forms part of the Central Bank’s consumer protection framework and is a central part of its overall...