Results 22,761-22,780 of 33,049 for speaker:Paschal Donohoe

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: Yes.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: That is correct.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: Regarding tax efficiency and the closure of loopholes, the Deputy described it very accurately as a chess game. One makes one change and the next day another change happens that offsets it. That is the reason I am being careful about what I say here today. I have already approved for the finance Bill a number of changes for that Bill to deal with our understanding of a number of issues...

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I will not be lacking in courage in trying to deal with issues that I believe need to be dealt with. I was addressing my comments in regard to the Deputy's proposals for minimum corporation tax rates and minimum tax rates for individuals as opposed to point that she made about tax expenditures and loopholes. I would be very happy to work with the committee, either in the context of the...

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: That is why we have a bank levy.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: As I said, I will deal with tax measures on budget day.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I am not expecting any change in net fiscal space.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: As budget day approaches and the matter is considered there can always be changes but I do not currently expect there to be any such change to the figure I have provided.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I cannot currently foresee that occurring.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: My attitude to the proposals in Mr. Coffey's report is the same as my views on other taxation matters I have discussed this afternoon, which is that I will consider such issues on budget day. Many matters in the report are worthy of consultation and I plan to announce such consultation process to begin on budget day through the international tax strategy papers that the Department publishes...

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: The answer to the Deputy's question is the same as that in respect of any other tax measure.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: Yes, it will. I am not complacent about the level of challenge our country faces. While it is very positive that there is now a focus on a transition period that has the potential to be as close as possible to the customs policy we have now, that has not yet been agreed. The big question is in respect of what will be at its far end. For those reasons, the budget and the work of every...

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I have received it, it is being considered in the context of the budget and I will publish it on budget day.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: It will be published.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: The necessary steps have been taken. Much work has been done on that scheme in the past year and some remains to be done over the next few weeks.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: Several commitments were made in that area. The rate of DIRT on deposit accounts is currently 39%. It was 41% between 1 January and the end of December 2016. I will consider the commitment made by Deputy Noonan but, whether it is a multi-annual commitment or one that has been given elsewhere, I must deal with it on budget day.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I am committed to introducing the sugar tax because it was a clear, principled commitment given in last year's budget but I will only do so if it is consistent with developments taking place in other jurisdiction because if I were to bring in a sugar tax in this jurisdictions and a similar levy were not in place elsewhere, all that business would be sourced outside of Ireland. In advance of...

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: The current VAT rates are 0%, 9%, 13% and 23% and they can only be applied on sectors. Irish law is constructed in such a way that, for example, the same VAT that applies to hotels applies to the service sector and, for example, newspapers.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I can think of a few taxes that would have more of an effect on their collection tomorrow than customs and excise tax. I will leave the decisions on cigarettes to budget day, but I am aware of the fact that the impact of plain packaging efforts to reduce the illegal supply of cigarettes into our country has changed the ability of that form of taxation to yield lots of additional money. If...

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: We did not say we were going to leave people unemployed, we simply-----