Results 31,761-31,780 of 33,289 for speaker:Paschal Donohoe

Written Answers — Department of Finance: National Asset Management Agency (11 Feb 2025)

Paschal Donohoe: As the Deputy may be aware, NAMA acquired loans secured by properties with a market value at acquisition of €32.4 billion. NAMA’s legislative remit is to maximise the return on, and deal expeditiously with, the Agency’s acquired bank assets. NAMA’s deleveraging activity is guided by the objective of maximising recover and meeting this remit has involved intensive...

Written Answers — Department of Finance: Departmental Expenditure (11 Feb 2025)

Paschal Donohoe: The information requested by the Deputy in relation to the expenditure relating to IT external service provisions in 2023, 2024 is set out in tabular form below. The Department of Finance has incurred no IT external services in 2025 to date. Year Supplier Amount 2023 PATHFINDER EXECUTION LTD T/A SIA PARTNERS IRELAND €171,923.26...

Written Answers — Department of Finance: Tax Exemptions (11 Feb 2025)

Paschal Donohoe: I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law is required to comply. In general, the Directive provides that all goods and services are liable to VAT at the standard rate unless they are exempt from VAT or fall within Annex III of the Directive, in which case lower VAT rates may apply subject to certain rules. In...

Written Answers — Department of Finance: Interest Rates (11 Feb 2025)

Paschal Donohoe: The Government recognises the difficulties that the increase in interest rates in recent years has caused for some mortgage borrowers. The ECB is responsible for the formulation and implementation of official interest rates. Changes in official rates feed into the general level of interest rates throughout the economy, but in a market economy the determination of retail and business lending...

Written Answers — Department of Finance: Ministerial Responsibilities (11 Feb 2025)

Paschal Donohoe: On 29 January 2025, the Government, upon nomination of An Taoiseach, formally appointed Ministers of State and assigned their responsibilities. Robert Troy TD was appointed as Minister of State at the Department of Finance with special responsibility for Financial Services, Credit Unions and Insurance. I look forward to working closely with Minister of State Troy to progress the remit of...

Written Answers — Department of Finance: Tax Data (11 Feb 2025)

Paschal Donohoe: Ireland is committed to preventing ‘treaty shopping’; an abusive practice whereby a taxpayer establishes itself in a country for the sole purpose of accessing tax treaty benefits. The inclusion of the detailed Limitation on Benefits provision, or LOB, in tax treaties is one of three anti-abuse options recommended as a result of the Action 6 Base Erosion and Profit Shifting...

Written Answers — Department of Finance: Revenue Commissioners (11 Feb 2025)

Paschal Donohoe: I am advised by Revenue that the person in question submitted a Form 11 Income Tax return for the tax year 2022, in paper form, which was received by Revenue on 27 September 2023. The person submitted a separate note which gave a breakdown of various social welfare income received during the year and a summary of self-employed income. The principles of the self-assessment apply to Income...

Written Answers — Department of Finance: National Treasury Management Agency (11 Feb 2025)

Paschal Donohoe: The National Treasury Management Agency (Amendment) Act 2014 ("the Amendment Act"), the NTMA sets out ISIF's mandate with regard to the investment of the Fund. Under the "Amendment Act" the Agency has responsibility for determining, monitoring and keeping under review an investment strategy for the Fund (other than directed investments) in accordance with the investment policy for the Fund. ...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Trade Sanctions (13 Feb 2025)

Paschal Donohoe: My Department, like finance Ministries elsewhere, is assessing the potential impact of tariffs on our economy. The assessment of our economic outlook, which will incorporate the latest developments in the global economy, will be set out in the spring forecast, which will be published in April. From an economic perspective, the US is our largest bilateral trading and investment partner....

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Trade Sanctions (13 Feb 2025)

Paschal Donohoe: As I said to the Deputy, the analysis with regard to this is under way. Owing to the uncertain environment we are in, it is appropriate that a number of weeks be taken to do this work. That work will be concluded and published in April. On the imposition of tariffs under the first President Trump Administration, two learnings emerged. First, the EU did respond. The EU has indicated it...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Trade Sanctions (13 Feb 2025)

Paschal Donohoe: The Deputy put a set of questions to me and I answered them. She wanted to know whether we are particularly exposed to changes happening in global trade, and I said we are and outlined why. She asked if there is an analysis under way to consider risks we face. I confirmed there is, told the Deputy when it would be complete and told her how it would be published. That work is all under...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (13 Feb 2025)

Paschal Donohoe: As the Deputy will be aware, in making any decisions on VAT rates or other taxation measures, the Government must balance the costs of the measures in question against their impact and the overall budgetary framework. The programme for Government is clear. It commits us to introducing measures to support SMEs, in particular in the retail and hospitality sectors. It acknowledges the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (13 Feb 2025)

Paschal Donohoe: I absolutely appreciate the value of the 9% hospitality rate and the help it can offer to the hospitality sector. I understand that 9% is the rate that can have the biggest effect. The timing of this relates to the fact that it will be a significant move. If a move is made - and my view is that when we decide the scope of that move, it should be concentrated on the food and catering...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (13 Feb 2025)

Paschal Donohoe: I understand the value of the 9% VAT rate. It is my intention to be able to deliver such a move, but such a move would entail a significant cost, which is why it needs to be part of the overall budget process. As to what that VAT rate will be applicable to, my view is that it can have the biggest impact on food and catering, as I made clear in my earliest answer to the Deputy. The...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Exchequer Returns (13 Feb 2025)

Paschal Donohoe: That is not the question the Deputy put to me. The question he put to me-----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Exchequer Returns (13 Feb 2025)

Paschal Donohoe: No. Let us be clear. The question the Deputy put to me, which is the question I will answer initially - I will go on to clarify - reads: "To ask the Minister for Finance if he will outline Exchequer returns and tax receipts for January 2025 ... " That is the question that was put to me, and I will answer it. I am happy then to elaborate beyond that on the further points the Deputy has...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Exchequer Returns (13 Feb 2025)

Paschal Donohoe: The Deputy has been against every attempt to broaden the tax base. He is against all our attempts to do that. He is against carbon tax. He is against local property tax. I ask him not to stand up here and point out to me the dangers of a narrow tax base when he is against any efforts to widen it. He has been against our running budget surpluses, which are in place to deal with the very...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Exchequer Returns (13 Feb 2025)

Paschal Donohoe: We got a real insight into the thinking of Deputy Tóibín and Aontú there. He characterised foreign direct investment as transitional investment in jobs. Is he going to tell the people who work for the semiconductor sector here that their jobs are transitional?

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Exchequer Returns (13 Feb 2025)

Paschal Donohoe: When he leaves Leinster House later, is he going to go down to the docks on the north side and the south side-----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Exchequer Returns (13 Feb 2025)

Paschal Donohoe: It is what he is saying.