Results 10,561-10,580 of 32,864 for speaker:Paschal Donohoe

Other Questions: Economic Data (24 Oct 2017)

Paschal Donohoe: The strong performance of the economy is expected to continue over the short run. As part of budget 2018, my Department is forecasting real GDP growth of 4.3 % for this year and 3.5% for next year. The benefit of this growth will be felt in the labour market, with an additional 48,000 jobs projected to be created next year. Recent economic indicators have generally been positive. Real...

Other Questions: Economic Data (24 Oct 2017)

Paschal Donohoe: The Deputy referred to the European Commission and its views on taxation. Our views are clear on the matter. I outlined them earlier on in response to Deputy Michael McGrath. I do not foresee any circumstances in which the ability of our State to set our corporation tax rate in the way we do so at the moment will be affected by the proposals from the European Commission. More broadly,...

Other Questions: Economic Data (24 Oct 2017)

Paschal Donohoe: We are seeking to manage all those risks carefully. This is why we are increasing the amount of resources available to agencies which are involved in promoting Ireland to ensure that our message about the Irish economy and its attractiveness is well understood by all. Our recent record in job creation and investment into our country points to the ability of our agencies and the Government...

Other Questions: Tax Compliance (24 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 13 and 38 together. I am informed by Revenue that many outdoor operations are carried out by their joint investigation units with some operations carried out on a multi-agency basis with other Departments or agencies such as the Department of Employment Affairs and Social Protection and the Workplace Relations Commission. The role of Revenue’s...

Other Questions: Tax Compliance (24 Oct 2017)

Paschal Donohoe: Yes. Broadly, on those figures for 2015, the tax collected under the RCT system was €200 million.

Other Questions: Tax Compliance (24 Oct 2017)

Paschal Donohoe: These are the tax collected overall figures. For 2016, it was €255.5 million. For 2017, to the end of September, the figure was €230.8 million.

Other Questions: Tax Compliance (24 Oct 2017)

Paschal Donohoe: I will provide a table for Deputy Boyd Barrett that will give, in a fair amount of detail, the figures he was looking for. I do not accept the distinction between gross and net taxation. People pay their tax and that is collected but the table I have here goes through the tax collected under the RCT system, and any tax then offset against tax liabilities and so on. I will provide all of...

Other Questions: Tax Compliance (24 Oct 2017)

Paschal Donohoe: The Deputy never made reference in his question to supplying me with details of a particular raid or visit attached as he could have done. If he had given me that information I might have been able to respond to some of the points he made publicly or privately. The Deputy, however, chose not to do so.

Other Questions: Tax Compliance (24 Oct 2017)

Paschal Donohoe: The Deputy comes in here and raises allegations about a particular activity of the Revenue Commissioners but if he had given me advance notice of that issue I might be in a position to respond but the Deputy did not do that.

Other Questions: Tax Compliance (24 Oct 2017)

Paschal Donohoe: In respect of the efforts of the Revenue Commissioners to deal with this matter I have outlined the amount of activity that has happened in response-----

Other Questions: Tax Compliance (24 Oct 2017)

Paschal Donohoe: I am puzzled as to why the Deputy wants to keep interrupting me on this matter. He alleges that nothing is happening and when I try to tell him-----

Other Questions: Tax Compliance (24 Oct 2017)

Paschal Donohoe: That is fair. He does not allege that nothing is happening but he alleges that not enough is happening and when I try to update the House on what is happening the Deputy wants to continue to interrupt me in so doing. I was about to say, before the Deputy concluded, that compliance activity in this sector alone, for example in 2016, yielded €54.7 million for the Exchequer, which is...

Finance Bill 2017: Order for Second Stage (24 Oct 2017)

Paschal Donohoe: I move: "That Second Stage be taken now."

Finance Bill 2017: Second Stage (24 Oct 2017)

Paschal Donohoe: I move: "That the Bill be now read a Second Time." When I made my Budget Statement in this House two weeks ago, I said this was a budget to safeguard our national finances and to help rebalance our economy. It was a budget to promote fairness and provide for modest but sustainable improvements in the lives of those we serve. Many of the measures to help us achieve these goals are...

Finance Bill 2017: Second Stage (24 Oct 2017)

Paschal Donohoe: I thank the Leas-Cheann Comhairle. The Companies Act 2014, which came into effect on 1 June 2015, consolidated and amended existing company law statutes. The main changes affecting the Taxes Consolidation Act 1997, the Stamp Duty Consolidation Act 1999 and the Capital Acquisitions Tax Consolidation Act 2003 related to company structures and the new streamlined procedures for the merger and...

Finance Bill 2017: Second Stage (24 Oct 2017)

Paschal Donohoe: Deputy Boyd Barrett proposed the adjournment in a very statesmanlike way, with panache and a little flourish.

Written Answers — Department of Finance: Insurance Costs (24 Oct 2017)

Paschal Donohoe: I am aware that the livestock marts sector has encountered difficulties in relation to insurance matters, as this was the subject of a Topical Issue discussion in this House in July, and in addition, it has arisen as an issue in the course of the second phase work of the Cost of Insurance Working Group (CIWG) on employer and public liability insurance. My understanding is that the major...

Written Answers — Department of Finance: Tracker Mortgage Examination (24 Oct 2017)

Paschal Donohoe: The Central Bank published an update on the Tracker Examination on 17 October last. As part of this update, the Bank released details of their engagement with lenders thus far and the enforcement actions the Bank has so far taken. However, as the Taoiseach noted last Wednesday during Leaders' Questions, the Government is not satisfied with the progress lenders have made...

Written Answers — Department of Finance: Budget Measures (24 Oct 2017)

Paschal Donohoe: The impact of the Budget on poverty levels is assessed using the ESRI SWITCH model, which is a tax-benefit micro-simulation model used by Government Departments, including my own, to assess the distributional impact of the Budget. The Department of Employment Affairs and Social Protection (DEASP) will produce and publish a Social Impact Assessment of Budget 2018 in the coming weeks on...

Written Answers — Department of Finance: Financial Services Regulation (24 Oct 2017)

Paschal Donohoe: The first avenue of complaint for any customer aggrieved by an action of a regulated financial service provider is to complain to the entity concerned. The Central Bank’s Consumer Protection Code provides that “A regulated entity must have written procedures in place for the effective handling of errors which affect consumers.” The Code also specifies the...