Results 11,281-11,300 of 32,864 for speaker:Paschal Donohoe

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Paschal Donohoe: The decision that was made by the then Minister, Deputy Noonan, at that point on the management of capital allowances and the rate at which their depreciation could be discounted in the tax code was the right decision then on the basis of what we understood about the magnitude of those assets then, on the basis of how we treated at that point other assets in the tax code, and on the basis of...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Paschal Donohoe: As for recommendations from the Department of Finance, different options were outlined to me with regard to every budget day choice that I had to make. The pros and cons of different options were outlined and it was left to me to make the choice and that is what I have done. That is what I am stating in the Dáil here this afternoon. Several questions were put to me that I have not...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Paschal Donohoe: Section 110 of the Taxes Consolidation Act 1997 sets out the Irish regime for the taxation of special purpose companies set up to securitise assets. The tax provisions are intended to create a tax-neutral regime for securitisation and structured finance purposes. Loan originations involve a section 110 company fronting for a foreign bank and either lending directly to larger, more...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Paschal Donohoe: I will not comment on an individual company. If the activity to which the Deputy refers is due to the operation of a double taxation agreement, and if a company is not paying tax in one jurisdiction, it will pay tax on that economic activity in the other jurisdiction. In regard to what I said earlier, not only have I asked the Revenue Commissioners to investigate the matter, I have also...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Paschal Donohoe: I will answer the question. I am happy to come to a committee and engage on this matter in the new year. I cannot commit to a formal report as part of the Bill for the reasons I have given. I have listened carefully to the concerns raised by Deputies in regard to loan origination. It is a matter on which I want further analysis, and when I have received that, if at all, I will be happy to...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Paschal Donohoe: On a point of order-----

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Paschal Donohoe: I understand that the practice of the House is that one cannot make a charge against somebody who is not here to defend himself or herself. I understand that is the order of the House. It is understandable that many Members of the House want to make charges based on the motives of people or choices that are being made that cause great difficulty and anxiety for people. Deputy McGrath,...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Paschal Donohoe: I am not asking the Deputy to withdraw the comment. I am asking that the Acting Chairman provide guidance to the House regarding the Standing Orders on this. That is what he is here for. Having checked it, he should provide guidance on the matter. Deputy McGrath has not made a general comment. In his further clarification to the Minister of State, Deputy D'Arcy, he made a reference that...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Paschal Donohoe: We have not met them.

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Paschal Donohoe: I am aware of the publication of Christian Aid's report on tax, which highlights a potential aggressive tax planning structure that it believes has been used by some multinationals. The report alleges that Ireland's corporate tax residence rules and our tax treaties facilitate this structure. Our tax residency rules were amended in 2013 and 2014 to shut down known aggressive tax planning...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Paschal Donohoe: I have no interest in Ireland being part of a race to the bottom. I want Ireland to have a tax code which is competitive and addresses issues which are part of the growing consensus on how taxes should be collected globally, and that is what we have. I reiterate that we have made many significant changes to date and are committed to making more. The foundations for making some of the...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Paschal Donohoe: Maybe during Christmas.

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Paschal Donohoe: Before moving on to address this amendment, I must provide the following clarification to the House. On 9 November, the Select Committee on Finance, Public Expenditure and Reform and the Taoiseach considered section 28 of Finance Bill, 2017 as published. As part of that process, there was discussion on an amendment to section 28 of the Bill as it then stood which had been put forward by...

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Paschal Donohoe: I will most certainly be monitoring the impact of this change because it is an important policy change. Unlike Deputy Paul Murphy, I believe in the value of a mixed economy.

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Paschal Donohoe: There is a mixed economy. Next year, we will see both public and private housing delivered, although we need more supply. I believe in ensuring we have the right policies in place at each point in the development of the housing market. This is why the change is the right one to make. It has the objective of trying to increase supply. I have explained to Deputy Doherty why we cannot...

Finance Bill 2014: Report Stage (Resumed) and Final Stage (23 Nov 2017)

Paschal Donohoe: I outlined my reasons for opposing this amendment on Committee Stage. I will continue to oppose it and am not in a position to accept it.

Finance Bill 2014: Report Stage (Resumed) and Final Stage (23 Nov 2017)

Paschal Donohoe: I have already debated elements of this amendment with the Deputy and I am not in a position to accept it.

Finance Bill 2014: Report Stage (Resumed) and Final Stage (23 Nov 2017)

Paschal Donohoe: I have already outlined the reasons I could not support this amendment. It does not take account of the ability of individuals to move in and out of our State. We already have a highly progressive tax system in which those who have more pay more. For those reasons, I cannot accept the amendment.

Finance Bill 2014: Report Stage (Resumed) and Final Stage (23 Nov 2017)

Paschal Donohoe: I have outlined the reason I do not believe such a tax should be introduced. The reason is that we already have such a progressive tax system in place in which those who have more income pay more tax. Many different evaluations of the tax code that have been carried out by the OECD and international experts have recognised that. The reason we do not currently have a database to assess...

Finance Bill 2014: Report Stage (Resumed) and Final Stage (23 Nov 2017)

Paschal Donohoe: At one point when the double doors opened and Deputy Doherty walked in, I thought he would have a can of Red Bull in his hand, such were the points his colleague made in his absence. Anyway, I am glad the Sinn Féin policy on this matter is clear and that the party supports the principle of the sugar tax. In some ways, Deputy Paul Murphy is one of the most unlikely socialists I have...