Results 21,781-21,800 of 33,049 for speaker:Paschal Donohoe

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: I will get clarity on the point put to me by Deputy Doherty. I am making this change because I want to ensure that we are treating these gains in the right way. The Deputy is asking me a question which I cannot answer now, but I will do so at the latest over the course of the Bill's passage through the Seanad. I do not want to answer it and unintentionally mislead the Deputy or the House....

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: I move amendment No. 27:In page 30, line 37, to delete “disposals occurring” and substitute “disposals occurring, or unrealised profits or gains recognised in the income statement,”. This amendment is technical in nature. On Committee Stage I introduced an amendment to the Irish real estate fund, IREF, regime to remove, from 1 January 2019, the exemption which...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: Before the Finance Bill, IREFs that held property assets for more than five years were to be exempt from capital gains tax. This year's Finance Bill removes that exemption. As a result, where property assets are sold after 1 January 2019 and gains are distributed to investors, the IREF will apply a 20% withholding tax on those distributions unless the investors are exempt as is the case,...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: I agree that an important starting point would be to define what constitutes a vacant home. One element will involve defining for how long a property has been vacant. We can begin to tease that out. If we set a definition that a home has to be vacant for more than a year, for example, we then get into questions regarding who determines that. Is it a local authority? Is it the Revenue...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: Everything was going well with Deputy Doherty's contribution until he made the point that he had not been expecting me to introduce the amendment and that my word that I would undertake this report would have been enough. However, I have decided to introduce it because we need to crystallise and understand this issue. There has been much debate in recent months on the role of such a tax. I...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: The Deputy has been good enough to acknowledge I am not trying to be disingenuous, which I am not. The difficulty I faced in dealing with this issue with the Deputy for the first time was that, while I approach all the issues in front of me with fresh eyes, as he would expect me to do, given all the other priorities I had to deal with in the context of putting together a full Finance Bill,...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: I would prefer to answer that question later on, if I may.

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: Deputy Donnelly raised this issue on a number of occasions previously with the former Minister for Finance, Deputy Michael Noonan. He raised it with me in the first instance a week and a half ago. We had a discussion on the matter over the phone. I am sympathetic to the issue that the Deputy raises because many of my constituents are facing the same kind of difficulty to which he refers....

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: To respond to Deputy Doherty's question, if a gym company were to build a gym-----

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: If a widget company built a sporting facility or child care facility on site, it would be able to access the capital allowances provided. The reason we are introducing these allowances is to incentivise the provision of such facilities. As to whether the facilities must be provided on site, the answer is "No". I anticipate it will take a period of time to establish the scheme because, at a...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: I will be happy to appear at any point before the Committee on Finance, Public Expenditure and Reform, and Taoiseach, which oversees the work I do, to discuss the implementation of the scheme. As I indicated, we have a considerable amount of work to do before the scheme is implemented. I would be pleased to appear before the committee in the period in which we are preparing the scheme.

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: I ask the Leas-Cheann Comhairle to explain what is involved in a recommital as I am not familiar with the process. At what point would I propose a recommital and what would be the consequences of doing so?

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: Several different issues have been raised, including the provenance of the idea. I am a former Minister for Transport, Tourism and Sport. When I was involved in the Healthy Ireland initiative I could see opportunities to make sporting facilities available in more workplaces. I thought it was something we should consider. There has been a debate on the provision of child care facilities...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: I believe we will be here next year and we can look at this matter again then. I have a Leap card and I am aware that it took years to make it happen. Now that I see how Leap cards are used, I understand why it took so long to make it available. Technology is now being made available to allow the Leap card to be used on more forms of public transport. It is now possible, for example, to...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: I move amendment No. 12:In page 14, line 27, to delete “engineering,”.

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: I move amendment No. 13:In page 15, line 4, to delete “and”.

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: I move amendment No. 14:In page 15, to delete lines 6 to 9.

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: I move amendment No. 15:In page 15, line 10, to delete “(ii) is” and substitute “(i) is”.

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: I move amendment No. 16:In page 15, between lines 21 and 22, to insert “and”.

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: I move amendment No. 17:In page 15, line 22, to delete “(iii) is” and substitute “(ii) is”.