Results 8,001-8,020 of 9,184 for speaker:Jack Chambers

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: It is important to allow that to be clarified in the context of the charge that was made.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: The information can be provided to the committee, privately.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: I think it will be in the interests of the committee, Chair, that the chief economist is able to set out the factual position.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: As the Minister, Deputy Donohoe, has said we have a major demographic challenge in our country. Our population pyramid over previous years was defined as being very much a young and wide base, but this is now ageing quickly and we are seeing our population ageing comparatively in a very accelerated way compared with European countries that have a higher age demographic. This is why the...

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: I thank Deputy Healy-Rae for his kind words at the start. I appreciate it. Turning to address the points made by the Deputy, significant work is ongoing across government on the Housing for All plan. The Minister, Deputy O'Brien, is working on it. Action has been taken specifically concerning landlords. The Deputy will be aware that in the Finance Act 2023 a measure was introduced...

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: What are the policy measures to deliver that? The Deputy is saying that a tax credit would be one.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: I have given the Deputy the information of when it will be provided.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: We have a package of €1.4 billion and we still have to decide how that will be-----

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: On corporation tax, that demonstrates the volatility of the ten companies and why we are putting the money aside in the context of the future Ireland fund and the infrastructure, climate and nature fund. Depending on their profitability in a particular year, that will have an impact on the concentration. What we do know is that that concentration risk is continuing or becoming even greater...

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: A full list of all tax expenditure will be provided on budget day.

Written Answers — Department of Finance: Legislative Measures (9 Jul 2024)

Jack Chambers: The activities of non-bank entities are already regulated by the Central Bank in Ireland under the provisions of the Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 as amended. The legislation ensures that relevant borrowers whose loans are sold to non-bank entities maintain the regulatory protections they had prior to the sale, including the protections provided by the...

Written Answers — Department of Finance: Tax Yield (9 Jul 2024)

Jack Chambers: The Department of Finance has opened its pre-budget costings service. This is available with effect from 1 July 2024. The procedures for availing of this service are set out in a letter dated 1 July 2024 from the Secretary General of the Department to all recognised parties and technical groups in Dáil Éireann. To ensure efficiency and fairness all costing requests should be made in...

Written Answers — Department of Finance: Tax Yield (9 Jul 2024)

Jack Chambers: I propose to take Questions Nos. 179, 186, 198 and 199 together. When forecasting tax revenues, measures introduced as part of prior budgets are considered to be part of the tax base. When a tax expenditure with a sunset clause in legislation expires, there is a corresponding increase in the tax revenue forecasts in a given year to reflect this. In the same manner, the expiration of a...

Written Answers — Department of Finance: Financial Instruments (9 Jul 2024)

Jack Chambers: All funds in the Social Insurance Fund investment account are currently invested in Irish sovereign debt in the form of exchequer notes. Consequently, the Social Insurance Fund investment account has no impact on the general government balance when held in Irish sovereign debt.

Written Answers — Department of Finance: Sovereign Debt (9 Jul 2024)

Jack Chambers: The General Government Debt (GGD) represents the total consolidated government liabilities. It measures the gross borrowings for the general government sector. The investment accounts for FIF, ICNF, NTF, and SIF are part of the general government financial assets. As a result, they do not affect the current or the projected levels of GGD.

Written Answers — Department of Finance: Revenue Commissioners (9 Jul 2024)

Jack Chambers: I am advised by Revenue that recent issues experienced by taxpayers and agents filing 2023 Income Tax returns arose following a system update on 15 June but that these issues were fully rectified on 26 June. Returns are being filed and processed as normal since then. Revenue engaged with the tax practitioner bodies and some third-party software providers in relation to the issues during...

Written Answers — Department of Finance: Tax Code (9 Jul 2024)

Jack Chambers: I am advised by Revenue that under general charging rules in Ireland, the extent to which a taxpayer is liable to tax on his or her US-sourced income depends on his or her residence and domicile position for Irish tax purposes. An individual who is resident and domiciled for Irish tax purposes is liable to Irish income tax on their worldwide income. An individual who is resident, but not...

Written Answers — Department of Finance: Currency Circulation (9 Jul 2024)

Jack Chambers: In June 2023, the terms of reference for a National Payments Strategy (NPS) were published, and work on the NPS has commenced. The work of the NPS will take account of the changing payment landscape and ongoing legislative developments at EU level, including proposals on instant payments, payment services, legal tender and the digital euro. Access to cash and acceptance of cash are also being...

Written Answers — Department of Finance: Credit Availability (9 Jul 2024)

Jack Chambers: The Central Credit Register (CCR) is established by the Central Bank under the Credit Reporting Act 2013. The Act provides that lenders must submit personal and credit information to the CCR on all loans for €500 or more, and make an enquiry on the CCR when considering a loan application for €2,000 or more. Credit information submitted by lenders in respect of new loan...

Written Answers — Department of Finance: Artificial Intelligence (9 Jul 2024)

Jack Chambers: I can confirm for the Deputy that the Government approved Interim Guidelines for the Use of Artificial Intelligence (AI) in the Public Service earlier this year. In doing so, the Government recognised the opportunities AI presents to help improve the delivery of public services to our citizens. These guidelines also established that AI tools used in the civil and public service must comply...