Results 1,241-1,260 of 33,118 for speaker:Paschal Donohoe

Ceisteanna Eile - Other Questions: Tax Yield (13 Feb 2025)

Paschal Donohoe: The review was a compliance review undertaken by Revenue and therefore it would not publish a document in relation to that, respecting taxpayer confidentiality. However, it has indicated, as I shared with the Deputy, the tax payments that were made by that sector to the Exchequer over recent years. For 2023, that figure stands at €31.8 million. In 2017, that figure was €8.3...

Ceisteanna Eile - Other Questions: Ireland Strategic Investment Fund (13 Feb 2025)

Paschal Donohoe: It is important to acknowledge that the overall size of the Israeli economy is €500 billion. That is how big that economy is. ISIF is enormous, and many different investments are taking place across the world. We have already seen ISIF divest from companies within Israel. As I said in response to the House earlier, it is not clear to me, given the scale of the investment that ISIF...

Ceisteanna Eile - Other Questions: Ireland Strategic Investment Fund (13 Feb 2025)

Paschal Donohoe: -----in funding the kinds of activities and the approach that this Government has been clear in condemning. I have said to the House that I am aware of all of the legal debate that has taken place about the Sinn Féin Bill and the issues that have been raised. I am, of course, going to consider the issue further.

Ceisteanna Eile - Other Questions: Tax Code (13 Feb 2025)

Paschal Donohoe: The Deputy should note at the outset that capital acquisitions tax, CAT, is a beneficiary-orientated tax that is payable by the recipient of a gift or inheritance as opposed to the person providing that gift or inheritance. The relationship between the person giving a gift or inheritance, the disponer, and the person who receives it, the beneficiary, determines the maximum amount, known as...

Ceisteanna Eile - Other Questions: Tax Code (13 Feb 2025)

Paschal Donohoe: I thank the Deputy. I am well aware of the kinds of issues he has raised. I am sure his constituents raise them with him. Times of inheritance are obviously difficult moments for families. Tax bills at times of sadness can be considerable. As I said in my earlier answer, any change to this form of taxation brings a particular, and perhaps significant, cost. That must be considered as...

Ceisteanna Eile - Other Questions: Departmental Schemes (13 Feb 2025)

Paschal Donohoe: I do not have a timeline regarding the publication of that report - if indeed it will be published. Of course, any changes we would make would be subject to debate in the Chamber and because they may require legislative change, they will be discussed by the Committee on Finance, Public Expenditure and Reform, and Taoiseach. There will, therefore, be ample opportunity for the Deputy to put...

Ceisteanna Eile - Other Questions: Ireland Strategic Investment Fund (13 Feb 2025)

Paschal Donohoe: I propose to take Questions Nos. 9 and 14 together. As Deputies are aware, the UN maintains a database of businesses involved in certain specified activities relating to settlements in the occupied Palestinian territories, OPT. At the end of 2023, direct investments by the Ireland Strategic Investment Fund, ISIF, in companies on the UN database was approximately €4.2 million in 11...

Ceisteanna Eile - Other Questions: Ireland Strategic Investment Fund (13 Feb 2025)

Paschal Donohoe: I disagree strongly with the Deputy's overall analysis regarding the Government's stance on the people of Palestine. From the decision we made regarding the recognition of the Palestinian state, one supported by the entire Dáil, to the ongoing funding we have provided through multilateral and international organisations to support those people, who have seen such harm and loss of life...

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: There is an obvious contradiction in what the Deputy is saying.

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: Of course there is.

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: It is great to hear the Deputy make the case for the resilience of foreign direct investment, which is a new departure for him that I welcome but, on the one hand, what he is saying-----

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: -----is this employment has a value, and there are lots of these employers in Ireland, and then he is making the case that we should tax them even more and apply wealth taxes to them.

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: How is that going to help with the challenges we have regarding the safety of our public finances and keeping jobs in Ireland if we are going to tax them more and more? Of course we need to diversify our economy. Of course we need to ensure we have more sources of growth in our jobs market but it should be noted that we have never had more people at work in Ireland and the public finances...

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: I agree with Deputy Nash that we need to continue our efforts to diversify our economy and to support employers of all different shapes and sizes. I thank him for recognising the work of Enterprise Ireland in this regard. It does exceptional work. I believe the strength of our food sector and the growing strength of our energy sector within our economy are examples of how we can strengthen...

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: For the Deputy to suggest, given the difficulties we clearly face, on which I answered questions earlier regarding the implementation of a current global tax deal, that jobs and our competitiveness could be secured by going beyond that and taxing more by bringing in new forms of tax, shows no understanding of what it takes to create a job and keep it in Ireland. The path the Deputy is...

Ceisteanna Eile - Other Questions: Departmental Schemes (13 Feb 2025)

Paschal Donohoe: I congratulate Deputy O'Sullivan on his election to Dáil Éireann and I thank him for his first question to me on what I know is a very important matter. My Department and I share concerns that the scheme is no longer fit for purpose and believe it should be replaced with a needs-based, grant-led approach for necessary vehicle adaptations that could serve to improve the functional...

Ceisteanna Eile - Other Questions: Tax Credits (13 Feb 2025)

Paschal Donohoe: I am going to have to disappoint the Deputy as I have the information for Kildare but not Cork available this morning. Of course, I can get that information for him and will share it with him quickly. The rent tax credit, as he outlined, has been brought in. In budget 2025, it was increased to €1,000 for a single person and €2,000 for a jointly assessed couple. This...

Ceisteanna Eile - Other Questions: Tax Credits (13 Feb 2025)

Paschal Donohoe: The commitment in the programme for Government is very clear. We recognise the value and support this credit has provided. Over time, in the different budgets the Government will bring forward, we will seek to improve it, as will be the case with other important credits and tax reliefs. It has played a role in helping with the affordability of rents for many tenants. I agree with all the...

Ceisteanna Eile - Other Questions: Tax Credits (13 Feb 2025)

Paschal Donohoe: We have not yet had discussions in that regard, to be frank with the Deputy, because of how early we are in the lifetime of this Government and in preparing for the next budget. Of course, we have schemes in place such as the first home scheme, which is a shared equity scheme, and the help to buy scheme. They are designed to help everybody looking to buy their first home, particularly new...

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: To facilitate a back-and-forth discussion on the issue, I will quickly emphasise what I said in reply to Deputy Connolly earlier. Of course, due to Ireland being an open trading economy, we can be strongly affected by changes that happen in global trade. We are currently considering these potential scenarios and they will be outlined in the stability programme update in April.