Results 29,301-29,320 of 33,214 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: The answer is "No" to that. He or she has to bring it to his or her legal representative because it could be market-sensitive information.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: Yes. They have to have a legal representative. To be more precise, it prohibits them from sharing information that the bank deems to be confidential with anyone other than their legal representative. In the scenario the Deputy mentioned, it would prohibit them from sharing that information with a trade union representative. It might be sections of the report. It is the sections of the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: That is what we are doing here. I do not perceive this to be an employment law matter. This is a financial regulation issue. We are talking about fitness and probity first and foremost, in accordance with financial regulations. What we are referring to here only is those things that the Central Bank deems to be confidential. In the areas which it does not deem to be confidential, I am...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: Okay. I hear the Deputy's view and I think we have a difference of view on the matter.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: I move amendment No. 19: In page 45, between lines 9 and 10, to insert the following: (8) Nothing in subsection (7) prevents a person from disclosing the existence of or the content of a report or submissions to his or her legal representative.”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: I move amendment No. 20: In page 45, line 10, to delete “(8) A person” and substitute “(9) A person”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: I move amendment No. 21: In page 45, line 12, to delete “both.”.” and substitute “both.”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: I move amendment No. 22: In page 45, between lines 12 and 13, to insert the following: “Confidential information provided for purposes of investigation etc. not to be disclosed 33ANL. (1) Where confidential information is provided to a person for the purposes of an investigation, or under or for the purposes of subsections (1) to (3) of section 33ANK, that person shall not,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: I am available at any point. I was hoping to complete the legislative process before the recess. We have to give the legislation the time it needs, however. We will find a suitable slot. I have made myself available at any time the committee is available.

Seanad: Finance Bill 2022: Committee Stage (7 Dec 2022)

Paschal Donohoe: I thank Senators for their contributions. As part of the plans of 2020, the help-to-buy scheme was amended so that the level of support available to first-time buyers was enhanced to the lesser of €30,000, 10% of the purchase price of a new home or the amount of income tax and DIRT paid in the four years before the application date. The duration of the scheme in this enhanced form...

Seanad: Finance Bill 2022: Committee Stage (7 Dec 2022)

Paschal Donohoe: I, of course, accept the point that Senator Warfield has made that over a number of years, the scheme has been of the cost he indicated. However, even with the changes that were made in 2020, the cost of the scheme is approximately €110 million per year. The capital programme for the Department of Housing, Local Government and Heritage alone is approximately €4 billion. It is...

Seanad: Finance Bill 2022: Committee Stage (7 Dec 2022)

Paschal Donohoe: We make all the information available every month and it is all available on the website of the Revenue Commissioners. That is how we are in a position to track the use of the scheme so closely. The only reason I do not propose a further report relates to the fact that I just published the most recent report on the scheme on budget day a couple of months ago. If the scheme had not been...

Seanad: Finance Bill 2022: Committee Stage (7 Dec 2022)

Paschal Donohoe: The Department will look at the implementation of the changes we have made over the coming period, although I do not have further plans to broaden the scheme. In the engagement we have had on this with representative bodies, the main ask of us was to increase the allowable frequency and value of the payment rather than the breadth of it, and that is what we have done. In the context of...

Seanad: Finance Bill 2022: Committee Stage (7 Dec 2022)

Paschal Donohoe: The short answer is "No". To qualify, the frame has to be a permanent part of the bike.. That will apply to bikes used by An Post that the Senator mentioned because the set-up is part of the bicycle. Where a bicycle has a trailer attached to it that is capable of being separated from it , that will not qualify for this enhanced relief.

Seanad: Finance Bill 2022: Committee Stage (7 Dec 2022)

Paschal Donohoe: I appreciate that. It is my hope that, over time, the change in pay and conditions will be such that a credit such as this one will be no longer needed, but it is of relatively low cost to the Exchequer overall and is of some help to those who perform this very valuable work on behalf of our State. That is why it is being extended in this form in the Bill. I thank the Senator for his comments.

Seanad: Finance Bill 2022: Committee Stage (7 Dec 2022)

Paschal Donohoe: I thank the Senators for tabling the recommendations on this very important topic. I sometimes think the best argument for making the case for what we have done is looking at what would have happened if we had not taken these measures. If we had not put in place these measures what would have happened is that as workers on average incomes within our country had received wage increases from...

Seanad: Finance Bill 2022: Committee Stage (7 Dec 2022)

Paschal Donohoe: With the permission of the Acting Chairperson, I want to draw the House's attention to an issue that came to light too late for a response to be made to it in the context of the Finance Bill 2022. It concerns the operation of the proposed rent tax credit, which is provided for in section 13 of the Bill, and the interaction of the credit with the existing statutory provisions relating to...

Seanad: Finance Bill 2022: Committee Stage (7 Dec 2022)

Paschal Donohoe: I appreciate the issues of equity that exists in the operation of the special assignee relief programme, SARP, because it is understandable in the Oireachtas that taxpayers should question why somebody, who is on a very high level of income within our State, should receive additional tax support which, in effect, means they pay less tax. There are two reasons for this. The first is that if...

Seanad: Finance Bill 2022: Committee Stage (7 Dec 2022)

Paschal Donohoe: This recommendation seeks a report on the introduction of a so-called wealth tax, to be provided within six months of the passing of this Bill into law. As the Senator should be and is well aware, wealth can be taxed in many ways, and some of these taxes are already levied here in Ireland. These include capital gains tax and capital acquisitions tax, which are in effect taxes on wealth in...

Seanad: Finance Bill 2022: Committee Stage (7 Dec 2022)

Paschal Donohoe: I thank the Senator for making those important points to which I have a number of responses. First, the system we have in place at the moment supports workers to make a private pension contribution. The tax relief that is available for them to do that offers support to 775,000 people in our State, which is 30% of those at work. Any changes to the marginal rate of tax support that is...