Results 21,981-22,000 of 33,049 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: As against that, it is my strong expectation that, because of what is a very significant move, it will release further land for both commercial and residential development next year. This is a very significant move in how I am looking to change the taxation regime in relation to property with the objective of trying to increase the supply of land in 2018. As I said, I will provide a...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: Yes, is the answer to Deputy Donnelly's first question. No, is the answer to his second question.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: Can I come back to the Deputy on that one?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: Yes. That person would be rolling it forward. I will come back and give the Deputy-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: I will give the Deputy a full answer to that later on.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: No. Did I hear Deputy Murphy state that the financial services sector does not create many jobs in Ireland?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: Has the Deputy walked through docklands? Has he walked into any of the financial services employers who employ persons outside of Dublin? Are the 40,000 who work in more than 400 companies in financial services ghosts?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: No. I hope we will debate the point, albeit a brief one, but I cannot help but respond to Deputy Murphy's allegation that there are no jobs created in financial services.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: Not only is Ireland not a tax haven, as acknowledged by the Organisation for Economic Cooperation and Development, OECD, which makes an adjudication and offers a definitive view on whether a country is a tax haven but in respect of the Deputy's proposal for a financial transaction tax, FTT, I cannot think of a more ill-judged time to introduce such a measure, if one was minded to and I am...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: I will respond to the point raised by Deputy Martin Kenny as Deputy Fitzmaurice also raised it with me in the Dáil in the past week. If it is of assistance to the Deputies, I will meet them once the Bill has been completed to discuss this matter further. I understand the issue is being raised frequently in particular areas of the country and I am willing to meet the Deputies, as public...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: Tenfold.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: The committee discussed this matter with the Minister of State, Deputy D'Arcy, who outlined the two transitional measures that would be in place were the Bill enacted. The first relates to filing a return, paying stamp duty at 6%, receiving a stamp certificate and, on enactment of the Finance Bill, a refund being put in place. The second relates to filing a return through the e-stamping...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: The Revenue Commissioners have-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: The Revenue Commissioners have outlined the two measures that I just cited. Those measures have been available on the Revenue Commissioners' website for a period, but perhaps not everybody has been aware of them. I want to inform members of them now. I believe some Deputies have been aware of the second measure because that has been communicated to individuals who have...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: I was not present for the earlier debate on the difficulties that this move has caused for people who were involved in transactions. I am also well aware of the reaction from owners and those who were involved in seeking to purchase more agricultural land. At different stages in the aftermath of dealing with this matter, I have put in place measures to try to deal with some of these issues....

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: I will have to revert to the Deputy on the second part of the question because I cannot answer it now. I will come back to him and find the base off which the figure was calculated. On his earlier point, I know that Deputy Kenny opposes what I have done even though it was contained in the Sinn Féin pre-election budget.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: It was not calculated.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: The Sinn Féin budget stated non-commercial property, full stop.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: The phrase was non-commercial property and that was included in the Sinn Féin pre-election budget. That being said, when this issue began to develop, I dealt with the consanguinity issue within a matter of days. A number of days after that, as the issue of transitionary mechanisms began to emerge, the Revenue Commissioners, principally, although I tried to play a role in it too, dealt...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: Amendment No. 67 in the names of Deputies Fitzmaurice and McGrath proposes that in relation to the consolidation of farms, a stamp duty rate of 1% would apply. Deputy Michael McGrath’s amendment No. 76 calls for a report into the possible extension of the current CGT relief for farm restructuring to encompass stamp duty also. There was a stand-alone stamp duty relief that...