Results 33,261-33,280 of 33,289 for speaker:Paschal Donohoe

Ceisteanna Eile - Other Questions: Central Bank of Ireland (15 Jul 2025)

Paschal Donohoe: That is the word. What the Deputy is trying to do is to create the impression that I am involved in giving a direction to ISIF-----

Ceisteanna Eile - Other Questions: Central Bank of Ireland (15 Jul 2025)

Paschal Donohoe: -----regarding individual investment decisions it makes. That does not happen. The word the Deputy used is correct. "Strategic" direction-----

Ceisteanna Eile - Other Questions: Central Bank of Ireland (15 Jul 2025)

Paschal Donohoe: Strategic direction-----

Ceisteanna Eile - Other Questions: Central Bank of Ireland (15 Jul 2025)

Paschal Donohoe: If the Deputy really was interested in an answer from me, I would hope he would give me the time to give the answer that this issue deserves.

Ceisteanna Eile - Other Questions: Central Bank of Ireland (15 Jul 2025)

Paschal Donohoe: I will reiterate, a Cheann Comhairle, that I do not play a role in issuing a direction to ISIF regarding the purchase of individual Government bonds-----

Ceisteanna Eile - Other Questions: Central Bank of Ireland (15 Jul 2025)

Paschal Donohoe: -----in Israel or elsewhere-----

Ceisteanna Eile - Other Questions: Central Bank of Ireland (15 Jul 2025)

Paschal Donohoe: -----and ISIF itself has decided-----

Ceisteanna Eile - Other Questions: Central Bank of Ireland (15 Jul 2025)

Paschal Donohoe: -----and it has implemented this-----

Ceisteanna Eile - Other Questions: Central Bank of Ireland (15 Jul 2025)

Paschal Donohoe: -----to no longer hold those shares.

Ceisteanna Eile - Other Questions: Tax Credits (15 Jul 2025)

Paschal Donohoe: The rent tax credit was introduced by the Finance Act 2022 and may be claimed in respect of qualifying rent paid in 2022 and subsequent years to the end of 2025. The value of the credit was €500 for a single person and €1,000 for a jointly assessed couple. For 2024 and 2025, the value of the credit increased to €1,000 for a single person and €2,000 for a jointly...

Ceisteanna Eile - Other Questions: Tax Credits (15 Jul 2025)

Paschal Donohoe: I am very much aware of the value and role that this rent tax credit plays in helping with the cost of living. That is why over a number of budgets I, along with the Minister, Deputy Chambers, and the former Minister, Michael McGrath, have made changes to the value of it. The decisions that will be made on budget day are being carefully considered at the moment. As I said to the Deputy...

Ceisteanna Eile - Other Questions: Tax Credits (15 Jul 2025)

Paschal Donohoe: The figures I shared with the Deputy earlier show overall that this rent tax credit is being reasonably broadly used. I remember when the tax credit was brought in that in the early period in which it was being made available, I was concerned that the drawdown and use of it was not as broad as I would have hoped. Towards the end of the tax year, however, we saw more taxpayers who were...

Ceisteanna Eile - Other Questions: National Treasury Management Agency (15 Jul 2025)

Paschal Donohoe: The Ireland Strategic Investment Fund is a €16.6 billion fund comprising a discretionary portfolio of €8.9 billion and a directed portfolio of €7.7 billion based on its annual report. It has complete independence in implementing its investment strategy under the NTMA Acts under an investment committee reporting to the NTMA's board. At the end of 2024, ISIF held, both...

Ceisteanna Eile - Other Questions: National Treasury Management Agency (15 Jul 2025)

Paschal Donohoe: I have shared this information with the Dáil on a number of occasions since I was reappointed as Minister for Finance. I am absolutely aware of all the awful humanitarian catastrophe that is unfolding on the people of Gaza and the House is aware of the very strong diplomatic action that this State is taking with regard to it. On this particular issue, as I said, ISIF has divested from...

Ceisteanna Eile - Other Questions: National Treasury Management Agency (15 Jul 2025)

Paschal Donohoe: Again, I condemn what is happening to the people of Gaza and the awful violence and trauma that is being inflicted on them. However, the Deputy referred to the importance of international law. I also have to adhere to domestic law and under domestic law, ISIF is independent of me. I can give it guidance, and strong guidance, in relation to its overall strategy, for which I have a statutory...

Ceisteanna Eile - Other Questions: National Treasury Management Agency (15 Jul 2025)

Paschal Donohoe: It is important that I do not play a role. This is an organisation that is responsible for €16.6 billion of our money. In order for that money to be looked after and managed in a way that is safe, it is very important that a Government does not play a role in directing it on individual transactions it makes.

Ceisteanna Eile - Other Questions: National Treasury Management Agency (15 Jul 2025)

Paschal Donohoe: I want to emphasise again my condemnation of all that is happening to the people of Gaza.

Ceisteanna Eile - Other Questions: Tax Code (15 Jul 2025)

Paschal Donohoe: I provided some information on this in my answer to Deputy Nash earlier, so I will just reiterate some of the key points. It will take some time to understand the consequences of this understanding that has been reached between a number of countries and America. The key issue I am concerned about is how this is consistent with the operation of the OECD agreement and the particular issues...

Ceisteanna Eile - Other Questions: Tax Code (15 Jul 2025)

Paschal Donohoe: I do not expect pillar 1 to conclude soon given all the difficulties with regard to pillar 2 at the moment. On whether this would automatically lead to a change in the EU directive, I do not believe it will. As I said in response to Deputy Nash earlier, we are considering what this will mean for the implementation of the EU directive and what that means for Ireland’s competitiveness...

Ceisteanna Eile - Other Questions: Tax Code (15 Jul 2025)

Paschal Donohoe: I believe they are still inside the OECD agreement and pillar 2 and those countries are participating in the OECD reaction to all this and making clear they are committed to the OECD process. Therefore, the answer to the Deputy’s question is that, yes, I believe they are still in it. I have not spoken to EU finance ministers on this particular tax issue in the last number of weeks...