Results 18,961-18,980 of 32,983 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Brexit Issues (28 Jun 2018)

Paschal Donohoe: President of the European Commission, Jean-Claude Juncker, and Chief EU Brexit Negotiator, Michel Barnier, visited Dublin on 21 June, this was an important opportunity for the Government and the Commission to take stock of state of play in the Brexit negotiations. President Juncker again emphasised that Ireland has the full backing of the EU and that Irish issues must be dealt with in...

Written Answers — Department of Finance: Stability Programme Data (28 Jun 2018)

Paschal Donohoe: The Government is committed to establishing the Rainy Day Fund as a fiscal buffer in the event of a major shock to the economy. By spending the €900 million available as per minimum compliance with the expenditure benchmark, it would increase borrowing further by the amounts shown in the table below and would result in not achieving the Medium Term Objective (MTO)...

Written Answers — Department of Finance: Fiscal Data (28 Jun 2018)

Paschal Donohoe: I propose to take Questions Nos. 101 and 102 together. The Government is committed to establishing the rainy day fund as a fiscal buffer in the event of a major shock to the economy. This will impact on the State’s borrowing by €500 million for each of the years 2019, 2020 and 2021 and is already captured in the State’s debt. If this €500 million were to be spent...

Written Answers — Department of Finance: Stability Programme Data (28 Jun 2018)

Paschal Donohoe: The estimates prepared by the European Commission, in its Spring Forecast, and my Department, in the Stability Programme Update 2018, both project a structural deficit of 0.4 per cent of GDP for next year. The impact of spending this €900 million is shown in Line ‘d’ in table 4 of the Summer Economic Statement. The deficit in 2019 would increase from 0.1 per cent of...

Written Answers — Department of Finance: Banking Sector (28 Jun 2018)

Paschal Donohoe: As the Deputy is aware, my Department, along with the Department of Rural and Community Development, are responsible for fulfilling the Programme for a Partnership Government to "thoroughly investigate the German Sparkassen model for the development of local public banks that operate within well-defined regions". Local public banking is where the state, or another public body, has...

Written Answers — Department of Finance: Departmental Reports (28 Jun 2018)

Paschal Donohoe: It is my understanding that the Deputy is referring to 'Ireland's Corporation Tax Roadmap.' This report relates to the implementation of the Anti-Tax Avoidance Directives and also the recommendations of the ‘Review of Ireland's Corporation Tax Code’, undertaken by Mr Seamus Coffey At present, this report is being finalised and it is my intention to publish it in...

Written Answers — Department of Finance: Tax Data (28 Jun 2018)

Paschal Donohoe: It is assumed that the Deputy is referring to dividend income from Irish resident companies. I am advised by Revenue that based on tax returns and the yield from Dividend Withholding Tax for 2016, the replacement of all Income Tax, USC and PRSI on dividend income with a flat rate of taxation of 20% is tentatively estimated to be a loss in the region of €95 million. On the...

Written Answers — Department of Finance: Tax Reliefs Data (28 Jun 2018)

Paschal Donohoe: I propose to take Questions Nos. 107 and 114 together. I am advised by the Revenue Commissioners that based on initial analysis of Capital Gains Tax (CGT) returns filed for the tax year 2016, the latest year available, approximately 410 individuals have availed of entrepreneurial relief with an estimated cost in the region of €20 million. This is provisional and likely to change as...

Written Answers — Department of Finance: Tax Data (28 Jun 2018)

Paschal Donohoe: As the Deputy will be aware, Start Up Refunds for Entrepreneurs (SURE) provides a refund of tax paid in the previous six tax years to those previously in PAYE employment, or recently unemployed, where they invest funds into a new company set up by them. I am advised by Revenue that there is no statistical basis on which to estimate the cost of broadening the SURE scheme to...

Written Answers — Department of Finance: Employment Investment Incentive Scheme (28 Jun 2018)

Paschal Donohoe: I propose to take Questions Nos. 109 and 110 together. As the Deputy will be aware, I made significant changes to the operation of the Employment and Investment Incentive (EII) in Finance Bill 2017 in order to ensure that the incentive accords with Art 21(3) of the European Commission General Block Exemption Regulations (GBER). GBER requires that risk finance aid schemes such as the EII...

Written Answers — Department of Finance: Tax Deduction Systems (28 Jun 2018)

Paschal Donohoe: I propose to take Questions Nos. 111 and 115 together. I am advised by Revenue that the latest information on the cost and number of individuals availing of the Foreign Earnings Deduction (FED) is as follows: Year Numbers €m 2015 472 3.2 2014 144 1.1 2013 135 1 2012 108 0.8 The latest year for which data is currently available is 2015. I am further advised by...

Written Answers — Department of Finance: Tax Data (28 Jun 2018)

Paschal Donohoe: I propose to take Questions Nos. 112 and 113 together. I am advised by Revenue that information in respect of the additional cost of the credit that would arise if the outsourcing restriction was lifted is not available as there is no reliable basis from tax returns data to allow an estimate of the cost to be produced.  I am further advised by Revenue that details of the number of...

Written Answers — Department of Public Expenditure and Reform: Civil Service Staff Data (28 Jun 2018)

Paschal Donohoe: I propose to take Questions Nos. 116 to 118, inclusive, together. As the Deputy will be aware, I am responsible for employment in the civil service. Other Ministers are responsible for employment in other parts of the public service  PAS undertook competitions in 2016 for Executive Officer and Higher Executive Officer in ICT for the civil service, and approximately 240...

Written Answers — Department of Public Expenditure and Reform: Teachers' Remuneration (28 Jun 2018)

Paschal Donohoe: The Public Service Stability Agreement 2018-2020 (PSSA), provided that an examination of remaining salary scale issues in respect of post January 2011 recruits at entry grades would be undertaken within 12 months of the commencement of the Agreement. Additionally this Government accepted an amendment at Section 11 of the Public Service Pay and Pensions Act 2017, that within 3 months of...

Written Answers — Department of Public Expenditure and Reform: Departmental Projects (28 Jun 2018)

Paschal Donohoe: The original design for the Irish National War Memorial Gardens, by renowned architect Edwin Lutyens, orginally featured a bridge across the river Liffey with a formal entrance to the Gardens from Conyngham Road. The bridge was never constructed and therefore access from the north bank of the river was never realised. The Commissioners of Public Works are in...

Written Answers — Department of Public Expenditure and Reform: Office of Public Works Projects (28 Jun 2018)

Paschal Donohoe: The current OPW panel of asbestos identification consultants is in operation since 2012.  There are currently five consultant companies on the panel which OPW engages to carry out asbestos identification surveys and air monitoring services. OPW assessed the applicants on competency and experience in asbestos surveying and air monitoring and they were required to demonstrate...

Written Answers — Department of Public Expenditure and Reform: Expenditure Reviews (28 Jun 2018)

Paschal Donohoe: Work on the Mid-Year Expenditure Report is ongoing in my Department. Last year, the report was published on July 19th. The exact publication date for 2018 has yet to be finalised, however it is intended that it will follow a similar timeline to 2017.

Written Answers — Department of Public Expenditure and Reform: Public Procurement Contracts (28 Jun 2018)

Paschal Donohoe: Public Procurement is governed by EU legislation and National rules and guidelines. The aim of these rules is to promote an open, competitive and non-discriminatory public procurement regime which delivers best value for money. All public works projects that are delivered under the Exchequer-funded element of the Government's capital plan must be procured in accordance with the provisions...

Written Answers — Department of Finance: Tax Credits (27 Jun 2018)

Paschal Donohoe: The State pension, including an increase for a qualifying adult dependent, is chargeable to income tax. Where an individual is entitled to the State pension and such pension is increased by virtue of that individual having a qualifying adult dependant, it remains one pension for tax purposes. This position was not changed by Finance (No.2) Act 2013, which inserted Section 126(2B) into the...

Written Answers — Department of Finance: Fiscal Policy (27 Jun 2018)

Paschal Donohoe: The Deputy is asking what impact an increase in exchequer capital expenditure – in addition to existing National Development Plan (NDP) commitments - of c. €1.2 billion, €0.96 billion and €1.02 billion would have on fiscal space in 2019-2021 respectively. Compared with the figures in Table 3 of the 2018 Summer Economic Statement, the increases would use fiscal...