Results 33,241-33,260 of 33,289 for speaker:Paschal Donohoe
- Ceisteanna Eile - Other Questions: Tax Collection (15 Jul 2025)
Paschal Donohoe: On overall tax receipts for the year, particularly when it comes to VAT, the advice I have received is that we expect to collect the VAT we indicated we would collect for the year. Currently, we are in line to deliver that target. I am aware of the role VAT can play in helping with the cost pressures businesses are facing. The programme for Government contains a clear commitment in...
- Ceisteanna Eile - Other Questions: Tax Collection (15 Jul 2025)
Paschal Donohoe: I cannot comment on decisions that will be announced on budget day. Deputy Brennan raised the particular issue of the 5% rate for the apartment sector. I have been advised by my officials in this area that if any attempt were to be made to move apartments down to 5%, other goods that are sold at the middle VAT rate would need to be moved down to 5% as well. That would have a particular...
- Ceisteanna Eile - Other Questions: Middle East (15 Jul 2025)
Paschal Donohoe: The approval of a prospectus document is a matter for the Central Bank of Ireland as the designated competent authority under the EU prospectus regulation. It is an operational matter for the Central Bank as the State’s financial regulator to ensure that a disclosure document for any offer of securities for sale to the public contains all the necessary information required by the EU...
- Ceisteanna Eile - Other Questions: Middle East (15 Jul 2025)
Paschal Donohoe: In relation to the different questions, I was aware of the shareholding that ISIF had, indirectly in the Israeli bonds as part of the preparation for the publication of its annual report. I was not aware up to that point. The bonds have now been sold. I have outlined on other occasions, just a few moments ago, the engagement between my own officials and the Central Bank. In terms of the...
- Ceisteanna Eile - Other Questions: Middle East (15 Jul 2025)
Paschal Donohoe: Of course, I am happy to give the exact dates to the Deputy. I will ascertain them and come back to him on it. This decision was made by ISIF. The government bonds are no longer held by it. I am happy to come back to the Deputies with the dates they are looking for as to when the decision was made and regarding what Deputy Ó Murchú has said there. Of course I am fully aware of...
- Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)
Paschal Donohoe: The long-standing policy of this Government is to return the remaining banks to private ownership while achieving value for the taxpayer. It continues to be the Government's belief that banking in the main is an activity that should be provided by the private sector and that taxpayer funds which were used to rescue the banks should be recovered and used for more productive purposes. The...
- Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)
Paschal Donohoe: Well, look, the Deputy referred to simple maths. I would refer to a simple understanding of stock markets. I know Deputy Doherty is a little hazy and unclear on the issue of how companies are owned. In regard to AIB, if we were in a position where the financial markets were expecting that the State was not going to reduce its shareholding in AIB over time, of course that would materially...
- Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)
Paschal Donohoe: The Deputy is completely wrong. He said he would have been happy for us to keep shares in our banks when he is aware of the long-term risk of the relationship between the financial health of the State and our banking system becoming too close. He understands that as well as I do. Why would we want the financial health of our country to be some way influenced all over again by the movement...
- Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)
Paschal Donohoe: The total transaction-----
- Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)
Paschal Donohoe: There we go.
- Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)
Paschal Donohoe: There we go. When did I make reference to Anglo Irish Bank?
- Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)
Paschal Donohoe: This has become a very familiar tactic of Deputy Doherty's over many years. He asked me a question about AIB and Bank of Ireland-----
- Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)
Paschal Donohoe: -----and I answered the question about AIB and Bank of Ireland. The Deputy then plucked the huge loss of taxpayers' money in relation to Anglo Irish Bank, which this question is not about.
- Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)
Paschal Donohoe: What the Deputy is doing-----
- Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)
Paschal Donohoe: -----is putting forward an argument that does not make sense.
- Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)
Paschal Donohoe: The Deputy tends to be quite hazy on the issue-----
- Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)
Paschal Donohoe: -----of how companies are owned.
- Ceisteanna Eile - Other Questions: Banking Sector (15 Jul 2025)
Paschal Donohoe: I know that and he knows that. I have answered the question.
- Ceisteanna Eile - Other Questions: Central Bank of Ireland (15 Jul 2025)
Paschal Donohoe: As I said, I do not play a role in determining the investment decisions that ISIF makes. They are made independent of me and this decision was made by ISIF in the way I have just explained to the Deputy.
- Ceisteanna Eile - Other Questions: Central Bank of Ireland (15 Jul 2025)
Paschal Donohoe: I have responsibility for setting the general direction that is given to ISIF. However, I do not play a role in determining the individual bonds and shares that ISIF holds. All the Deputies know that. I do not play a role. I do not direct or communicate to ISIF and tell it what individual investment decisions to make. What I do is communicate with ISIF and set a general direction for it.