Results 24,141-24,160 of 33,175 for speaker:Paschal Donohoe

Saincheisteanna Tráthúla - Topical Issue Debate: Tax Code (2 Jun 2021)

Paschal Donohoe: I thank the Deputies for raising this matter. The programme for Government includes a commitment to bring forward legislation in relation to the local property tax on the basis of fairness and that most homeowners will not face an increase in their local property tax liability. In addition, there is a commitment to bring new homes, which are currently exempt from local property tax, into...

Saincheisteanna Tráthúla - Topical Issue Debate: Tax Code (2 Jun 2021)

Paschal Donohoe: Deputy Boyd Barrett responds to what I said. Deputy Paul Murphy comes in here and reads out a script that was written a decade ago. Look at what the Government announced yesterday - €4 billion worth of investment in the future - on top of last year's budget which led to record levels of investment in our future. Look at the employment wage subsidy scheme where the State is standing...

Written Answers — Department of Finance: Tax Code (2 Jun 2021)

Paschal Donohoe: I am advised by Revenue that there is no stamp duty payable on the inheritance of property. However, the transfer of a property that is residential property during their lifetime, including a holiday rental cottage, to a son or daughter constitutes a conveyance on sale for the purposes of the Stamp Duties Consolidation Act (SDCA) 1999. Stamp duty is payable by the transferee, whether or not...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (2 Jun 2021)

Paschal Donohoe: The CRSS is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to combat the effects of the Covid-19 pandemic. Details of the CRSS are set out in Finance Act 2020 and detailed operational guidelines, which are based on the terms and conditions of the scheme as set out in the legislation, have been published on...

Written Answers — Department of Finance: Banking Sector (2 Jun 2021)

Paschal Donohoe: The Deputy may be aware that, as Minister for Finance, I have no role in how any bank manages its dealings with its customers, including those in which the State has a shareholding. Such matters are the sole responsibility of the board and management of the banks which must be run on an independent and commercial basis. The independence of banks in which the State has a shareholding...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (2 Jun 2021)

Paschal Donohoe: The Covid Restrictions Support Scheme (CRSS) is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to combat the effects of the Covid-19 pandemic. The support is available to companies, self-employed individuals and partnerships who carry on a trade or trading activities, the profits from which are chargeable...

Written Answers — Department of Finance: Tax Data (2 Jun 2021)

Paschal Donohoe: Local Property Tax (LPT) provides for certain properties to be exempt from the tax during a ‘valuation period’. For the current ‘valuation period’ (2013 to 2021), these exemptions include properties purchased between 1 January 2013 and 31 December 2013 and trading stock of builders/developers unsold at 1 May 2013 or sold in the period 1 January 2013 to 31 October...

Written Answers — Department of Finance: Insurance Levy (2 Jun 2021)

Paschal Donohoe: At the outset, it is important to note there are various levies and contributions in existence on insurance premiums. These serve different, defined purposes with some having been in place for a number of years. I should also state that there are no plans to discontinue them at this time. These various levies and contributions are briefly detailed below. The 2 per cent Insurance Compensation...

Written Answers — Department of Finance: Housing Policy (2 Jun 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with obtaining the deposit they need to buy or build a new house or apartment. The scheme gives a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C of the Taxes Consolidation Act (TCA) 1997...

Written Answers — Department of Finance: Financial Services (3 Jun 2021)

Paschal Donohoe: The regulation of commodity derivative markets, including commodity futures markets, predominantly falls under the EU Markets in Financial Instruments Directive (MiFID II). MiFID II was transposed into Irish law via Statutory Instrument 375 of 2017. MiFID II established a position limit and position management regime for all commodity derivative contracts traded on trading venues and...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (3 Jun 2021)

Paschal Donohoe: The Employment Wage Subsidy Scheme (EWSS) is an economy-wide enterprise support that provides a flat rate subsidy to qualifying employers based on the numbers of eligible employees on their payrolls. The EWSS replaced the Temporary Wage Subsidy Scheme which ceased on 31 August 2020. The EWSS has been a key component of the Government’s response to the continued Covid-19 crisis to...

Written Answers — Department of Finance: Tax Data (3 Jun 2021)

Paschal Donohoe: Residential properties built after the current valuation date (1 May 2013) remain outside the charge to Local Property Tax (LPT) until the next valuation date (1 November 2021). The owners of such properties are not required to submit LPT returns or valuations to Revenue, therefore the precise amount of revenue that would be raised is not available. However, it is estimated that there...

Written Answers — Department of Finance: Insurance Industry (3 Jun 2021)

Paschal Donohoe: I note that the details supplied by the Deputy refers to insurance for a specific organisation. While I recognise the concerns felt by many voluntary and community groups, including the one highlighted by the Deputy, around the cost and availability of insurance cover, he will appreciate that, as Minister for Finance, I am not in a position to comment on individual cases. Neither I, nor...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (15 Jun 2021)

Paschal Donohoe: I thank the Deputy for raising this issue and I propose to take Questions Nos. 51 and 53 together.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (15 Jun 2021)

Paschal Donohoe: I was not informed of that guidance but I am in the hands of the Ceann Comhairle and I am happy to deal with these questions in whatever way he sees fit.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (15 Jun 2021)

Paschal Donohoe: I am happy to be guided by the Ceann Comhairle and to deal with the questions in the way he sees fit.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (15 Jun 2021)

Paschal Donohoe: I welcome the opportunity to brief the Dáil on the international tax discussions on foot of the G7 meeting, which I attended in my role as president of the Eurogroup. It is important to stress that the Government believes that it is in everyone’s interest to achieve a sustainable, ambitious and equitable agreement on modernising the framework for international tax to reflect...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (15 Jun 2021)

Paschal Donohoe: The strategy we will be implementing is a continuation of what we have done to date. First, in bilateral engagements with many Ministers, including the US Secretary of the Treasury, Ms Yellen, we will continue to make the case for legitimate tax competition within certain boundaries, with a recognition of the role that our rate plays for our country. Second, inside the OECD process that...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (15 Jun 2021)

Paschal Donohoe: Deputy Doherty first asked if I anticipate that the potential global minimum effective tax rate will cover more companies than are currently encompassed in the G7 communiqué. That is a possibility but the case that we will be making is that regardless of where the rate ends up, if a rate is agreed at a global level, it should only apply to the very largest companies. As Deputy Doherty...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (15 Jun 2021)

Paschal Donohoe: I thank Deputy Doherty for his further question on pillar 2. There is no further detail beyond the communiqué to which Deputy Doherty referred. The main element of the statement from the G7 refers to the annual global turnover threshold. Beyond that, there is no further detail agreed between the G7 economies. That will happen within the OECD. The detail will be determined within the...