Results 8,661-8,680 of 33,280 for speaker:Paschal Donohoe

Written Answers — Department of Finance: National Treasury Management Agency (27 Jul 2021)

Paschal Donohoe: It was not possible for the National Treasury Management Agency to provide the information sought in the time available and, therefore, I will make arrangements to provide the information to the Deputy in line with Standing Orders.

Written Answers — Department of Finance: Economic Data (27 Jul 2021)

Paschal Donohoe: The most recent Quarterly Financial Accountsrelease, published by the Central Bank, provides financial data for Q4 2020 for all sectors of the Irish economy. In Q4 2020, household net worth increased by 2.9 per cent on the previous quarter and 6.1 per cent year on year to €855 billion. This was made up of financial assets of €441 billion, housing assets of €557 billion...

Written Answers — Department of Finance: National Treasury Management Agency (27 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 419 and 420 together. The large-scale fiscal support required to limit the economic disruption brought about by the COVID-19 pandemic has led to an increase in public indebtedness. To offer a wider picture of Ireland’s debt, the National Treasury Management Agency have provided a response in relation to General Government Debt (GGD). This is the...

Written Answers — Department of Finance: Exchequer Payments (27 Jul 2021)

Paschal Donohoe: The primary Exchequer balance may be defined as the Exchequer balance adjusted for the impact of the national debt cash interest cost. As per the Stability Programme Update 2021, the national debt cash interest cost in 2022 is projected to be €3,860 million. This forecast remained unchanged in the Summer Economic Statement 2021 (SES). The SES projected a 2022 Exchequer deficit of...

Written Answers — Department of Finance: Vehicle Registration Tax (27 Jul 2021)

Paschal Donohoe: The yield collected through Vehicle Registration Tax in 2020 was €751m. Revenue has advised me that its Annual Report for 2020, which is available at link: www.revenue.ie/en/corporate/press-office/annual-report/2020/ ar-2020.pdf, provides in Table 2 on page 83, the total net receipts for all taxes, which may be of interest to the Deputy.

Written Answers — Department of Finance: Tax Data (27 Jul 2021)

Paschal Donohoe: I am advised by Revenue that the most recent data on the annual cost and the number of claimants of the Knowledge Development Box (KDB) are published on page 17 of Revenue’s paper on 2020 Corporation Tax payments and 2019 Corporation Tax returns. The paper provides the figures in respect of number of claimants and tax cost for the years 2016 to 2019, and is available at...

Written Answers — Department of Finance: Tax Data (27 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 424 and 449 together. The yield from Stamp Duty on transactions in shares, stocks and marketable securities is published at link: www.revenue.ie/en/corporate/information-about-revenue/statis tics/receipts/receipts-stamp-duty.aspx. This information is not separately available in relation to Irish incorporated companies only. The Revenue Ready Reckoner, which...

Written Answers — Department of Finance: Tax Data (27 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 425 to 427, inclusive, together. Information relating to the various reliefs and exemptions are set out in the links below. The Deputy should be aware that some of the measures contained in the links are not exclusive to property owners, landowners and developers. It should also be noted that some are no longer available to new claimants. The figures set out...

Written Answers — Department of Finance: Job Creation (27 Jul 2021)

Paschal Donohoe: I am informed by the National Treasury Management Agency, which manages the Ireland Strategic Investment Fund (ISIF), that this information can be obtained on the ISIF website at the following link: isif.ie/uploads/publications/FY-2020-Report-including-H1-Eco nomic-Impact-Results_2021-04-26-185152.pdf The data in the report reflects detailed survey data for the six month period up to 30...

Written Answers — Department of Finance: Tax Data (27 Jul 2021)

Paschal Donohoe: The trading profits of companies in Ireland are generally taxed at the standard Corporation Tax rate of 12.5 %. Some of the main features of the current Corporation Tax regime are its simplicity and that it applies to a broad base. Changing this rate (or imposing additional levies on corporate profits) would involve increased complexity and could change the attractiveness of Ireland's...

Written Answers — Department of Finance: Tax Data (27 Jul 2021)

Paschal Donohoe: I am informed by Revenue that the yield from Local Property Tax (LPT) for 2022 under the revaluation approach set out in the Finance (Local Property Tax) (Amendment) Act 2021 is provisionally estimated to be €560 million (before any Local Adjustment Factors are applied). These yields expected to arise in future years from the forthcoming revaluation of liable properties would be lost...

Written Answers — Department of Finance: Trade Data (27 Jul 2021)

Paschal Donohoe: I am informed by the Central Bank that, based on data reported to it by regulated entities, in 2020 there were approximately 52 million equity transactions by Irish and non-Irish firms on Irish venues (to include equity transactions that took place on bilateral systems operated by investment firms known as systematic internalisers), representing a total quantity of approximately 55 billion...

Written Answers — Department of Finance: Trade Data (27 Jul 2021)

Paschal Donohoe: I am informed by the Central Bank that there is no available data on the volume of derivative contracts that were entered into or traded by Irish counterparties (financial and non-financial) in 2020.

Written Answers — Department of Finance: Universal Social Charge (27 Jul 2021)

Paschal Donohoe: According to forecasts carried out by my Department as part of the Stability Programme Update, the Universal Social Charge is projected to raise €4 billion in 2021. The full set of fiscal projections will be updated as part of the Budget 2022 in October.

Written Answers — Department of Finance: Universal Social Charge (27 Jul 2021)

Paschal Donohoe: I am advised by Revenue that an estimated €2bn is projected to be raised by the Universal Social Charge (USC) from taxpayer units earning more than €90,000 per annum. This estimate is based on projected incomes for 2021 and is subject to revision.

Written Answers — Department of Finance: Tax Data (27 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 435 to 437, inclusive, together. The trading profits of companies in Ireland are generally taxed at the standard corporation tax rate of 12.5%. Some of the main features of the current corporation tax regime are its transparency and that it applies to a broad base. Taxable profits are generally understood to be income after deduction of allowable expenses,...

Written Answers — Department of Finance: Tax Data (27 Jul 2021)

Paschal Donohoe: I am informed by Revenue that the available information in respect of additional charges on second or multiple properties is included at page 29 in the ‘Ready Reckoner’, published at link: .

Written Answers — Department of Finance: National Asset Management Agency (27 Jul 2021)

Paschal Donohoe: Since its inception, NAMA has advanced capital funding to its debtors and receivers in cases where it can be shown that such funding will enhance the value of the assets securing NAMA’s loan portfolio. Subject to commercial viability, NAMA funds capital expenditure for the planning, design and construction of new or acquired residential and commercial projects. NAMA also funds...

Written Answers — Department of Finance: National Asset Management Agency (27 Jul 2021)

Paschal Donohoe: NAMA’s statutory mandate per section 10 of the NAMA Act 2009 is to achieve the best commercial return from its acquired loans. In that context, NAMA judiciously advances funding to its debtors and receivers in order to optimise the disposal value of secured properties. Such funding is provided on a commercial basis and repaid to NAMA when the properties (or loans) are sold. NAMA...

Written Answers — Department of Finance: National Treasury Management Agency (27 Jul 2021)

Paschal Donohoe: I am informed by the National Treasury Management Agency that the net Exchequer cash interest paid in respect of Ireland’s National Debt in 2020 was just over €4.5bn. This was a reduction of over €0.5bn, or more than 10%, on the 2019 figure. It includes interest paid on Government bonds, EU Programme loans, other medium/long term debt, short-term debt, and State...