Results 13,281-13,300 of 32,924 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: Yes, in the past. Look what happened. The Deputy knows I cannot say there will be a particular tax rate or change for one group of counties and not for others. I simply cannot make taxation, particularly taxation related to the creation of income and employment, county specific because every neighbouring county would quickly claim it wanted the same arrangement and that it was being...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I thank the Minister. I hear exactly what he is saying. I accept and welcome the fact that there is expenditure in our region. We are, however, talking about the equivalent of Google leaving Dublin. The reality is that while the public expenditure is very welcome, it will not deal with a problem of the scale in question, not only in terms of the imminent threat to the economy but also in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: No.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: They still apply and the clawback mechanism is still in place.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: No.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: Last year, I brought in an equivalent of this for very small companies, which I am informed is called the SEI and which is now in place. I can give the Deputy a note about its operation in advance of Report Stage. It has only been in place for one year.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: It is 40%.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I was aware of it. When we were making decisions in regard to the EII scheme, further changes were needed. The issue the Deputy is referring to was brought up in the public consultation, but my view is that, given we had introduced the SEI scheme last year, I want to see how that is going to work before I decide if further change is merited for the EII scheme.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: There have been improvements. I am not receiving the same level of complaint in regard to the operation of the scheme that I was receiving before the changes in last year's Finance Bill. It has improved. There is still a gap, however, in terms of explaining to companies the effect of the changes we brought in last year. We still have work to do to explain what those changes are and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: It will happen through the work we are doing in the appointment of a just transition commissioner whose first priority will be the communities to which the Deputy is referring. It will happen through the local structures being put in place. It will happen through the local authorities and local communities. It will happen as a result of the fact that we have funding that will be used to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: We had an exchange earlier about the living city initiative and a discussion about the relative lack of a drawdown under it. The living city initiative is a micro and deeply targeted scheme at neighbourhoods in a small number of cities. While I completely understand why the Deputy might see it as being analogous to what he is looking for, there is no comparison with the level of scale. We...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: Far be it from me to speak up on this matter, but is amendment No. 32 not in the name of Deputy Paul Murphy?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 34: In page 35, line 9, after “activities” to insert the following: “or who would be chargeable to corporation tax in respect of the profits or gains arising from the relevant activities but for section 129”. Section 26 substitutes the existing transfer pricing legislation to update and modernise the rules in line with the Coffey review...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 35: In page 43, line 25, to delete “a supplier” and substitute “an acquirer”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 36: In page 44, between lines 13 and 14, to insert the following: “(v) section 633A,”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 37: In page 44, line 14, to delete “(v) section” and substitute “(vi) section”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 38: In page 44, line 15, to delete “(vi) paragraph” and substitute “(vii) paragraph”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 39: In page 44, line 33, to delete “subparagraphs (i) to (v)” and substitute “subparagraphs (i) to (vi)”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: This amendment refers to the model of financial transactions tax proposed by the European Commission, initially in 2011 and then revised under the EU’s enhanced co-operation procedure in February 2013. The proposed rate on exchanges of shares was 0.1% and the proposed rate for derivative transactions was 0.01%. Since it was first mooted, Ireland has had concerns about the financial...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I am always interested in new ways of finding revenue in order to fund better public services. The clearest proof I can offer of the difficulty of making this happen is that a group of other EU countries have been involved in enhanced co-operation on this proposal for over six and a half years and it still has not happened. Included within that enhanced co-operation procedure are countries...