Results 25,841-25,860 of 33,175 for speaker:Paschal Donohoe

Finance Bill 2021: Report Stage (1 Dec 2021)

Paschal Donohoe: The special assignee relief programme, SARP, is designed to help reduce the cost for employers of assigning skilled individuals in their companies from abroad to take up positions in Irish-based operations of their employer or an associated company, thereby facilitating the creation of jobs and the development and expansion of businesses in Ireland. The scheme currently has a sunset date of...

Finance Bill 2021: Report Stage (1 Dec 2021)

Paschal Donohoe: The people I represent and the people who I want to have better public services, to have a good standard of living, who want their children to go to good schools and who I want to see living in good homes and having a better future in our country are the butcher, the street cleaner and the teacher, the people that the Deputies, in different ways, have referred to in their contributions. In...

Finance Bill 2021: Report Stage (1 Dec 2021)

Paschal Donohoe: The Deputy is happy to see the jobs go elsewhere.

Finance Bill 2021: Report Stage (1 Dec 2021)

Paschal Donohoe: I am giving the Deputy the truth.

Finance Bill 2021: Report Stage (1 Dec 2021)

Paschal Donohoe: The Deputy should respond to my argument.

Written Answers — Department of Finance: Insurance Industry (1 Dec 2021)

Paschal Donohoe: As committed to in the 2020 Programme for Government, Government is prioritising reform of the insurance sector with particular emphasis on motor, public, and employer liability insurance. The whole-of-Government approach being taken through the Action Plan for Insurance Reform, which sets out 66 actions that aim to improve both the cost and availability of this key financial...

Written Answers — Department of Finance: Insurance Industry (1 Dec 2021)

Paschal Donohoe: At the outset, it is important to note that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I, nor my Department, collect the type of information being sought by the Deputy. However, the Central Bank publishes data into the insurance sector via the National Claims Information Database (NCID).  To date, the...

Written Answers — Department of Finance: Tax Code (1 Dec 2021)

Paschal Donohoe: I am advised by the Revenue Commissioners that, in general, capital gains tax (CGT) is chargeable on a gain arising on the disposal of an asset at the rate of 33%. The first €1,270 of chargeable gains of an individual in any year are exempt from CGT. Section 604 of the Taxes Consolidation Act, 1997 provides relief from CGT on the disposal of one’s principal private...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (1 Dec 2021)

Paschal Donohoe: I propose to take Questions Nos. 79 and 80 together. The Business Resumption Support Scheme (BRSS) is a targeted support for companies, self -employed individuals, partnerships as well as certain charities and sporting bodies that carry on a trade that was significantly impacted by COVID-19 public health restrictions, including where the impact has continued after the easing of the...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: As I informed the Deputy on Committee Stage of the Bill, wealth can be taxed in a variety of ways, some of which are already levied in Ireland. Capital gains tax and capital acquisitions tax are, in effect, taxes on wealth in that they are paid by an individual or company on the disposal or acquisition of an asset through gift or inheritance. Deposit interest retention tax, DIRT, is charged...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: The Taxes Consolidation Act 1997 provides a 32% payable relief for eligible expenditure on film production in Ireland. The scheme is intended to act as a stimulus to the creation of an indigenous film industry in the State, creating quality employment opportunities and supporting the expression of Irish culture. The audiovisual sector has largely continued to function through the most...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: I will continue to monitor this industry and look at the implementation of this relief. I am not going to comment on the individual case the Deputy has referred to because it is not appropriate for me to do so in the Dáil. As the Deputy and I discussed on Committee Stage, we got to an important point in August 2020 when the Workplace Relations Commission reported on the outcome of...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: Look at how much time Deputy Boyd Barrett and I spend together.

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: The tax credit for digital games is a cultural relief. Therefore, in order to avail of the credit, a digital game development company must first apply to the Minister for Tourism, Culture, Arts, Sport, Gaeltacht and Media for a cultural certificate. As part of the certification process, the company will be required to complete an undertaking in respect of quality employment to qualify for...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: I do not expect the main vehicle for drawing down this relief to be DACs; I expect that it will be companies involved in the production of games and that they will have a more stable relationship with their employees than would be the case in the film sector. It is not a requirement of this legislation that a DAC be in place to access this relief. I understand that the existence of DACs in...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: The Deputies may recall that in 2018, my Department produced a detailed technical note for the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach on the subject of both bank losses and corporation tax losses more generally. This technical note was published online and is still available. The technical note considered in some detail the potential implications of...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: For the Government to include a commitment to compile a report on this topic in the Finance Bill, one of the signature Bills the Oireachtas handles every year, would send out a signal that we are considering doing this, but we are not. While such a move is politically attractive and I understand why many who are looking on could see the initial appeal of something like this, those who are...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: It is correct that this amendment concerns important issues regarding information on the impact this change in corporate tax will have on the competitiveness of our country and on our national finances. However, this discussion must begin with a recognition of the value these companies bring to our economy and society in the first place. I laud what Deputies Ring and Lahart said when they...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: Data centres play an important role in the retention and attraction of foreign direct investment into our country. The policies his party is putting forward on personal taxation look to increase the marginal tax rate for people who I accept are well paid, but our levels of marginal taxation play a role in ensuring our country can be competitive. They make a contribution to it and the...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: Did Deputy Boyd Barrett say he was responsible for the onshoring of intellectual property into Ireland?