Results 241-260 of 33,055 for speaker:Paschal Donohoe

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (29 May 2025)

Paschal Donohoe: I want to call out the behaviour of Deputy Doherty. His language and the way he is attempting to treat this issue, which is so serious, is thuggish. His behaviour is thuggish. Yesterday, the leader of Sinn Féin referred to harassing the Government on this issue.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (29 May 2025)

Paschal Donohoe: I have come into House to attempt to deal----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (29 May 2025)

Paschal Donohoe: I can stand up for what I believe but I can do so in a way that is respectful of the views of others. I can make the case for what I believe in without constantly interrupting and demeaning the good intentions of others.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Insurance Industry (29 May 2025)

Paschal Donohoe: For the record, I used the words of Deputy McDonald yesterday. That was the word she used. Despite everything, I still try to respect Deputy Doherty's good intentions in spite of the many reasons I should not. I simply ask the Deputy to do the same of me. In relation to the very important matter he raises here, I recognise the concerns on profitability levels in certain segments of the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Financial Services (29 May 2025)

Paschal Donohoe: As I already outlined in the House earlier this week, the Central Bank does not sell or oversee the sale of Israeli bonds. It is important to be clear as to the role of the Central Bank because it has been misrepresented repeatedly. To be clear again, the Central Bank's role under EU legislation is to assess the bond prospectus to ensure that it includes all the disclosure requirements of...

Written Answers — Department of Finance: Tax Code (29 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 14, 18 and 27 together. In making any decision in relation to VAT rates or other taxation measures, the Government must balance the costs of the measures in question against their impact and the overall budgetary framework. The Government is very conscious of the pressures being faced by businesses in the hospitality sector which is why it provided for...

Written Answers — Department of Finance: Insurance Industry (29 May 2025)

Paschal Donohoe: I recognise the concerns felt by businesses across the country about the cost and availability of public insurance cover. The most recent Central Bank National Claims Information Database (NCID) report on employers’ and public liability and commercial insurance shows that in 2023, 56 per cent of policies had a premium of less than €1,000, and 90 per cent had a premium under...

Written Answers — Department of Finance: Banking Sector (29 May 2025)

Paschal Donohoe: I thank the Deputy for the question. As you are aware, this Government is committed to meeting the needs of our society by building more homes, of all tenure types, across the country. Embedding a sustainable property industry in Ireland is also an important factor in maintaining our economic development and growth. Last year, Government approved new national housing targets, aiming...

Written Answers — Department of Finance: Financial Services (29 May 2025)

Paschal Donohoe: Financial literacy and education are an important part of financial consumer protection. Financial literacy works alongside many other consumer protections in place to help consumers make the most of their money, make informed decisions and improve their financial resilience and wellbeing. I published Ireland’s first National Financial Literacy Strategy in February this year. This...

Written Answers — Department of Finance: Tax Yield (29 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 19 and 78 together. Income tax receipts to end-April stood at €11.7 billion, an increase of €0.5 billion (c. 4½ per cent) on the same period last year. This is a clear signal of the strength of our labour market. For the year, income tax is projected at €36.7 billion, an increase of 4½ per cent. Regarding corporation tax,...

Written Answers — Department of Finance: Tax Code (29 May 2025)

Paschal Donohoe: The Small Gift Exemption of €3,000 is an annual Capital Acquisitions Tax (CAT) relief available to all recipients of gifts. It should be noted that there is no limit on the number of small gifts a person can receive in a year from different donors. Finance Act 2003 increased the small gift exemption threshold from £1,270 to the current threshold of €3,000. Furthermore, a...

Written Answers — Department of Finance: An Ghaeltacht (29 May 2025)

Paschal Donohoe: Níl aon ról ag mo Roinn maidir leis an liúntas Gaeltachta. Tá pá agus coinníollacha na héarnála poiblí faoi chúram mo chomhghleacaí, an tAire Caiteachais Phoiblí, Infreastruchtúir, Athchóirithe na Seirbhíse Poiblí agus Digiteachú.

Written Answers — Department of Finance: Economic Policy (29 May 2025)

Paschal Donohoe: While our economy – in aggregate terms – is undoubtedly in a strong position at present, the near-term outlook is clouded in considerable uncertainty. In particular, regarding the future of the rules-based, multilateral trading system. Earlier this month, the Government published Ireland’s Annual Progress Report , which sets out my Department's macroeconomic and fiscal...

Written Answers — Department of Finance: Insurance Coverage (29 May 2025)

Paschal Donohoe: As Minister of State with special responsibility for Insurance matters, I am very conscious of the difficulties that the absence or withdrawal of flood insurance cover can cause to homeowners and businesses. Current Government policy is focused on the development of a sustainable, planned and risk-based approach to managing flooding. Accordingly, €1.3 billion has been committed to...

Written Answers — Department of Finance: Interest Rates (29 May 2025)

Paschal Donohoe: The formulation and implementation of monetary policy is an independent matter for the European Central Bank (ECB). The ECB increased official interest rates over the course of 2022 and 2023 as it moved to combat excess inflation. However, since last summer it has now reduced official interest rates on seven occasions, most recently with effect from 23 April 2025. These recent monetary...

Written Answers — Department of Finance: Central Bank of Ireland (29 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 28, 67 and 68 together. The Central Bank does not sell or oversee the sale of Israeli bonds. The Central Bank is designated as the competent authority in Ireland for the approval of securities prospectuses under the Prospectus Regulation. As the competent authority, the Central Bank is responsible for assessing whether a prospectus has been drawn up in...

Written Answers — Department of Finance: Tax Yield (29 May 2025)

Paschal Donohoe: In 2021, several measures were introduced with the aim of dis-incentivising investment funds from buying up large numbers of completed houses, including a higher 10 per cent rate of Stamp Duty on the bulk acquisition of houses (apartments are excluded), which is legislated for in section 31E of the Stamp Duties Consolidation Act (SDCA) 1999. The standard rates of stamp duty applying on...

Written Answers — Department of Finance: Economic Growth (29 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 30 and 77 together. I want to reiterate the Government’s view that the imposition of tariffs is deeply regrettable. While a pause on the implementation of reciprocal tariffs is welcome, there remains significant uncertainty surrounding future trade policy and tariffs remain at historically high levels. Government has been in continued discussion at...

Written Answers — Department of Finance: Housing Schemes (29 May 2025)

Paschal Donohoe: The Help to Buy incentive, is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. It also has as an aim to encourage additional supply of new houses by supporting demand. Help to Buy provides a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in...

Written Answers — Department of Finance: Tax Credits (29 May 2025)

Paschal Donohoe: I propose to take Questions Nos. 32 and 46 together. It is a general principle of taxation that, as far as possible, income from all sources should be subject to taxation. Ireland has a progressive income tax system which is structured such that the more income you earn, the more tax you pay. As a person’s income increases, they move up through the various rates and bands and,...