Results 31,781-31,800 of 33,289 for speaker:Paschal Donohoe

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

Paschal Donohoe: A moment ago he described that investment as transitional investment. I invite him to visit our life science sector, which is located across the length and breadth of Ireland-----

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

Paschal Donohoe: -----to go down to the financial services sector------

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

Paschal Donohoe: -----to go into the manufacturing jobs-----

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

Paschal Donohoe: -----that are located in his constituency and near it.

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

Paschal Donohoe: He should walk into those workplaces and tell those people that their jobs are transitional.

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

Paschal Donohoe: We got an insight into the thinking of Aontú there. The Deputy went on to say we are outsourcing our sovereignty. That is the thinking of the 1950s and 1960s. It is not the thinking that has enabled this country to grow its prosperity. It is not the approach that will help us navigate our way through the challenges that are there.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (13 Feb 2025)

Paschal Donohoe: I thank the Deputy for his question on this very important topic. At least he has a recognition of the value of organisations like the OECD. As to where we are, as the Deputy outlined Ireland signed up to a global tax deal. We did so in October 2021, as he is aware. That was part of an overall inclusive framework on base erosion and profit shifting as part of the G20 and OECD agreement....

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (13 Feb 2025)

Paschal Donohoe: Our intent very much is to engage with the United States with a view to making the case to it for continued participation in the OECD framework. That is the outcome we will seek to achieve. I fully acknowledge the difficulties that will be there with regard to that given what President Trump and the Department of the Treasury have already indicated. Are we looking at what the consequences...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (13 Feb 2025)

Paschal Donohoe: Any engagement with the new US Administration has been constrained by the fact that it is only making appointments at the moment. That has been the key issue. The new Secretary of the Treasury had his appointment ratified a number of weeks ago. Many of the other officeholders within the US Treasury, however, with whom both we and Europe will deal, are in the very early days of coming...

Ceisteanna Eile - Other Questions: Tax Credits (13 Feb 2025)

Paschal Donohoe: I am going to have to disappoint the Deputy as I have the information for Kildare but not Cork available this morning. Of course, I can get that information for him and will share it with him quickly. The rent tax credit, as he outlined, has been brought in. In budget 2025, it was increased to €1,000 for a single person and €2,000 for a jointly assessed couple. This...

Ceisteanna Eile - Other Questions: Tax Credits (13 Feb 2025)

Paschal Donohoe: The commitment in the programme for Government is very clear. We recognise the value and support this credit has provided. Over time, in the different budgets the Government will bring forward, we will seek to improve it, as will be the case with other important credits and tax reliefs. It has played a role in helping with the affordability of rents for many tenants. I agree with all the...

Ceisteanna Eile - Other Questions: Tax Credits (13 Feb 2025)

Paschal Donohoe: We have not yet had discussions in that regard, to be frank with the Deputy, because of how early we are in the lifetime of this Government and in preparing for the next budget. Of course, we have schemes in place such as the first home scheme, which is a shared equity scheme, and the help to buy scheme. They are designed to help everybody looking to buy their first home, particularly new...

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: To facilitate a back-and-forth discussion on the issue, I will quickly emphasise what I said in reply to Deputy Connolly earlier. Of course, due to Ireland being an open trading economy, we can be strongly affected by changes that happen in global trade. We are currently considering these potential scenarios and they will be outlined in the stability programme update in April.

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: Of course we need to do that. We have made efforts to do that in recent years and need to continue to do so. That is why changes with regard to carbon taxation continue to be essential. It is why changes that we will make in the time ahead to our PRSI system to ensure that our Social Insurance Fund is sustainably funded in the years ahead are really vital. As regards other things we need...

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: There is an obvious contradiction in what the Deputy is saying.

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: Of course there is.

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: It is great to hear the Deputy make the case for the resilience of foreign direct investment, which is a new departure for him that I welcome but, on the one hand, what he is saying-----

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: -----is this employment has a value, and there are lots of these employers in Ireland, and then he is making the case that we should tax them even more and apply wealth taxes to them.

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: How is that going to help with the challenges we have regarding the safety of our public finances and keeping jobs in Ireland if we are going to tax them more and more? Of course we need to diversify our economy. Of course we need to ensure we have more sources of growth in our jobs market but it should be noted that we have never had more people at work in Ireland and the public finances...

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: I agree with Deputy Nash that we need to continue our efforts to diversify our economy and to support employers of all different shapes and sizes. I thank him for recognising the work of Enterprise Ireland in this regard. It does exceptional work. I believe the strength of our food sector and the growing strength of our energy sector within our economy are examples of how we can strengthen...