Results 27,901-27,920 of 33,214 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Yield (20 Sep 2022)

Paschal Donohoe: I am informed by Revenue that the estimated yield of increasing the rate of Life Assurance Exit Tax can be found in Revenue’s Ready Reckoner which is available on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statis tics/ready-reckoner/index.aspx. While the exact rate change specified by the Deputy is not shown, these can be estimated on a straight-line...

Written Answers — Department of Finance: Departmental Meetings (20 Sep 2022)

Paschal Donohoe: I have had the opportunity to engage with my Canadian counterpart, Minister for Finance Chrystia Freeland, on a number of occasions to date in 2022. These include virtual meetings of G7 Finance Ministers and Central Bank Governors in March and September, as well as the in-person meeting which was held in Petersberg, Bonn, from 18-20 May. While my participation at meetings of G7 Finance...

Written Answers — Department of Finance: Pension Levy (20 Sep 2022)

Paschal Donohoe: As the Deputy is aware the pension fund levy was introduced in 2011 in the wake of the financial crash and at a time when the economy was in serious difficulties. All sectors of the economy had to contribute to the recovery plan and the levy was designed to claw back a small amount of the very generous tax reliefs that those contributing to pension arrangements had benefited from over many...

Written Answers — Department of Finance: Tax Code (20 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decision.

Written Answers — Department of Finance: Animal Welfare (20 Sep 2022)

Paschal Donohoe: Revenue is the competent authority with responsibility for ensuring that imports and exports of all goods into the State are conducted in line with customs and other sectoral legislation. In this regard they act in an agency capacity to assist other State Agencies in the implementation of numerous pieces of sectoral legislation relating to the movement of live animals. This may include, at...

Written Answers — Department of Finance: Departmental Reports (20 Sep 2022)

Paschal Donohoe: There is continued monitoring of tax related issues by my Department. Over the course of each year, a number of reviews of tax expenditures and other tax related matters are carried out by, or on behalf of, the Department of Finance. These may be used to ascertain whether existing tax measures should be amended, continued, extended or ended, or to otherwise review or assess certain taxes...

Written Answers — Department of Finance: Insurance Industry (20 Sep 2022)

Paschal Donohoe: I note that the question refers to a particularly sensitive issue concerning applications for mortgage protection insurance for those who previously have had certain mental health conditions. It is my understanding that generally insurers use a combination of rating factors in making their individual decisions on whether to offer cover and what terms to apply. These can include: age; health;...

Written Answers — Department of Finance: Veterinary Services (21 Sep 2022)

Paschal Donohoe: Section 114 of the Taxes Consolidation Act 1997 (TCA) provides for a tax deduction in respect of expenses incurred wholly, exclusively and necessarily by an individual in the performance of the duties of his or her employment. I am advised by Revenue that professional membership fees are only deductible under section 114 TCA where they are incurred wholly, exclusively and necessarily by...

Written Answers — Department of Finance: Revenue Commissioners (21 Sep 2022)

Paschal Donohoe: I am advised by Revenue that in-person appointment services are being provided at the Revenue office at Assumption Road, Cork since 19 September 2022. This service allows customers to schedule an appointment at a time that suits them, eliminating queue waiting times that are a feature of any walk-in service. Appointments can be booked by calling the Appointment Helpline on 01 738 3660,...

Written Answers — Department of Finance: Exchequer Returns (21 Sep 2022)

Paschal Donohoe: I wish to advise the Deputy that the following dividends were received from commercial semi-State companies from 2017 to date in 2022. Any dividends from Semi-State bodies received by the Exchequer form part of the overall revenue collected by the State. The policies relating to the payment of such dividends are detailed in the Instrument or Legislation which covers the formation of each...

Written Answers — Department of Finance: Exchequer Payments (21 Sep 2022)

Paschal Donohoe: These funds have not been transferred to the Exchequer as administrative fines do not get collected until they are confirmed by a Court and, if applicable, the appeals process is complete. As a result, an escrow facility is not necessary in this case.

Written Answers — Department of Finance: Banking Sector (21 Sep 2022)

Paschal Donohoe: It should be noted that the Minister for Finance has no direct function in the operations of commercial banks. Although the State is a shareholder in some of the banks operating in the State, the Minister must ensure that these banks are run on a commercial, cost effective and independent basis to protect the value of the bank as an asset to the State. Actions taken by the banks, including...

Written Answers — Department of Finance: Tax Code (21 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of a Budget decision.

Written Answers — Department of Finance: Tax Code (21 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of a Budget decision.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Energy Prices (22 Sep 2022)

Paschal Donohoe: The war in Ukraine and Russia’s reduction of gas supplies to Europe have led to volatility in energy markets and an increase in wholesale gas prices. This is added to existing supply constraints in electricity markets across Europe, which in turn have led to an unprecedented increase in retail electricity and gas prices for consumers, households and businesses in Ireland and across...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Energy Prices (22 Sep 2022)

Paschal Donohoe: What I have done on many occasions is outline the issues an additional taxation measure on the energy sector in Ireland would result in. I have made clear that the additional revenue such a measure could gain would be needed but I have also outlined a number of other factors we have to balance that against, such as the impact it would have on jobs and future investment in Ireland and the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Energy Prices (22 Sep 2022)

Paschal Donohoe: The Eurogroup does not deal with proposals relating to the functioning of the energy market. That sits with the Council of Ministers that deals with energy, on which we are represented by the Minister for the Environment, Climate and Communications. Our perspective on those kinds of proposals is that we wanted to ensure they did not create any unknown or new difficulties on top of what we...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (22 Sep 2022)

Paschal Donohoe: The Commission on Taxation and Welfare was an independent group that was established in April 2021 as a result of a commitment in the programme for Government. It was asked to consider independently how best the taxation and welfare systems can support economic activity and promote increased employment and prosperity, while ensuring there are sufficient resources available to meet the costs...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (22 Sep 2022)

Paschal Donohoe: We have to balance that against the reality that capital, in particular, is at the heart of how we can sustain economic growth and employment in our country. Capital, for many people, is the savings, assets and pensions they have worked so hard to build up and any changes in that regard must be weighed up against the role that kind of investment and those assets play in creating employment...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (22 Sep 2022)

Paschal Donohoe: I am sure that is a matter the House can consider but I respectfully differ with the Deputy in terms of his acknowledging the commentary and analysis my Department and I have had on corporate tax revenue but then making a suggestion or inference that we have not done anything to manage that risk in recent years. The point I would make is that if we look at where we have been since 2019, even...