Results 13,861-13,880 of 32,961 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Community Banking (14 Jun 2018)

Paschal Donohoe: My Department, along with the Department of Rural and Community Development, are responsible for the task of fulfilling the Programme for a Partnership Government commitment to "thoroughly investigate the German Sparkassen model for the development of local public banks that operate within well-defined regions". Local public banking is where the state, or another public body, has...

Written Answers — Department of Finance: Credit Union Regulation (14 Jun 2018)

Paschal Donohoe: I can advise the Deputy that the following funds are in place which can be utilised under certain conditions to provide stabilisation, resolution or member deposit protection support respectively to credit unions. 1. The Credit Institutions Resolution Fund (CIRF) The CIRF was established under Section 10(1) of the Central Bank and Credit Institutions (Resolution) Act 2011 (2011 Act). The...

Written Answers — Department of Finance: Revenue Commissioners Investigations (14 Jun 2018)

Paschal Donohoe: Revenue have informed me that they are bound by taxpayer confidentiality in accordance with Section 851A of the TCA 1997 and thus can not provide any information that might disclose the tax affairs of any individual taxpayer or business, including in regard to any third party. The vast majority of taxpayers are voluntarily compliant and Revenue assume that recipients of income from the...

Written Answers — Department of Finance: Revenue Commissioners Investigations (14 Jun 2018)

Paschal Donohoe: I am advised by Revenue that it has not started a specific investigation of the type described by the deputy but that the rental sector, including businesses or taxpayers operating through online websites, are subject to the same level of risk analysis and intervention scrutiny as any other commercial entity. The risk analysis includes examination of data that is extracted from multiple...

Written Answers — Department of Finance: Tax Code (14 Jun 2018)

Paschal Donohoe: I am advised by Revenue that income arising from the provision of short term accommodation through online websites is subject to tax and the amount of taxable income is computed and charged to tax in the normal manner. Where the accommodation is provided as part of a trade carried on by the taxpayer, the income is taxable under Case I of Schedule D of the Taxes Consolidation Act 1997.However,...

Written Answers — Department of Finance: Banking Operations (14 Jun 2018)

Paschal Donohoe: As the Deputy is aware, the State's shareholding varies across each of the three main banks. AIB currently supports Apply Pay and details are available on their website: Bank of Ireland provided the following reply: "Bank of Ireland is not a State owned bank. The Bank has an existing Pay to Mobile service for customers and expects to integrate other third party phone payments propositions...

Written Answers — Department of Finance: Tax Reliefs Data (14 Jun 2018)

Paschal Donohoe: I propose to take Questions Nos. 70, 71 and 72 together. I am advised by Revenue that the Cost of Tax Expenditures Table is available on the Revenue Statistics webpage at this . This sets out, in tabular form, data on a wide range of reliefs, credits and allowances including person taking care of incapacitated taxpayer, health expenses and nursing home related health expenses. The information...

Written Answers — Department of Public Expenditure and Reform: Office of Government Procurement (14 Jun 2018)

Paschal Donohoe: Procurement is a key element of the Government's Reform agenda. The Office of Government Procurement (OGP) was established to drive the reform agenda, adopt a strategic approach to public procurement, leverage the State's spending power and deliver savings for the State. Framework agreements are one of a number of ways in which the OGP engages with the market to achieve value for money in...

Written Answers — Department of Public Expenditure and Reform: Freedom of Information Data (14 Jun 2018)

Paschal Donohoe: Details of the number of FOI requests received by my Department from 1 January 2018 to 11 June 2018 are outlined in the following table. An appeal of an FOI decision by my Department can be made by seeking an Internal Review of the matter. The appeal will involve a complete reconsideration of the matter by a senior member of staff of my Department and a decision will be communicated within...

Written Answers — Department of Public Expenditure and Reform: Sale of State Assets (14 Jun 2018)

Paschal Donohoe: I assume that the Deputy is referring to the €400m of proceeds from the sale of Bord Gais Energy that the Government announced, in Budget 2015, would be made available to support the Government's Social Housing Strategy. As the Deputy will be aware, the intention at the time was that this €400m would be made available to establish an off-balance sheet financial vehicle to...

Written Answers — Department of Finance: Common Consolidated Corporate Tax Base Proposals (19 Jun 2018)

Paschal Donohoe: The European Commission's current proposals for a Common Consolidated Corporate Tax Base (CCCTB) were published in October 2016 and first discussed at the November 2016 ECOFIN meeting. The proposal was prepared by the Commission without any input from Member States. The re-launched CCCTB is split into two separate Directives – a Directive for a Common Corporate Tax Base (CCTB) and a...

Written Answers — Department of Finance: Ministerial Meetings (19 Jun 2018)

Paschal Donohoe: Founded in 1954, the Bilderberg Meeting is an annual conference designed to foster dialogue between Europe and North America. Every year, between 120-140 political leaders and experts from industry, finance, academia and the media are invited to take part in the conference. The conference is a forum for informal discussions about major issues facing the world. As Minister for Finance and...

Written Answers — Department of Finance: Tracker Mortgages (19 Jun 2018)

Paschal Donohoe: As the Deputy is aware, the Central Bank is independent in the performance of its duties in the supervision of regulated financial service providers and it is working to ensure that the tracker mortgage examination is completed as soon as possible. The Bank provided a comprehensive update on the Tracker Mortgage Examination in April 2018, which is available at: . The April update report...

Written Answers — Department of Finance: Tax Data (19 Jun 2018)

Paschal Donohoe: I am informed by Revenue that although foreign resident music artists have a liability to Irish tax on income arising from the exercise of their profession in the State, it is not possible to quantify the amount of income earned by foreign resident music artists here. The reason lies in the incidental number of days the individuals are present in the Republic of Ireland, which creates...

Written Answers — Department of Finance: Tax Reliefs Application (19 Jun 2018)

Paschal Donohoe: As the Deputy may know, retirement relief for certain sportspersons was introduced in Finance Act 2002 and the categories of sportspersons that can avail of tax relief are set out in schedule 23A of the Taxes Consolidation Act 1997 (TCA). These categories include athletes, badminton players, boxers, cricketers, cyclists, footballers, golfers, jockeys, motor racing drivers, rugby players,...

Written Answers — Department of Finance: Local Authority Housing Mortgages (19 Jun 2018)

Paschal Donohoe: Home Building Finance Ireland (HBFI) is to be established to provide funding on market terms to viable residential development projects whose owners are experiencing difficulty in obtaining debt funding. The legislation establishing HBFI, the Home Building Finance Ireland Bill 2018, was published on 18 June 2018 and will now commence its passage through the Oireachtas. It is envisaged that...

Written Answers — Department of Finance: Insurance Costs (19 Jun 2018)

Paschal Donohoe: Both I and the Government are very conscious of the difficulties that increased insurance costs are having on the business sector and we continue to prioritise action in this area. Following the publication of its Report on the Cost of Motor Insurancein January 2017, the Cost of Insurance Working Group undertook an examination of the Employer Liability and Public Liability insurance sectors...

Written Answers — Department of Finance: Civil Partnership Legislation (19 Jun 2018)

Paschal Donohoe: I am advised by Revenue that section 88A of the Capital Acquisitions Tax Consolidation Act 2003 exempts transfers made between qualified cohabitants within the meaning of Part 15 of the Civil Partnership and Certain Rights and Obligations of Cohabitants (CPCROC) Act 2010. Part 15 provides for a redress scheme where court orders can be obtained in certain circumstances in relation to the...

Written Answers — Department of Finance: Tax Yield (19 Jun 2018)

Paschal Donohoe: I propose to take Questions Nos. 140 to 143, inclusive, together. In order to estimate the potential revenue from a wealth tax, it is necessary to identify the wealth held by individuals. As there is currently no such wealth tax in operation in Ireland, the Department understands that the Revenue Commissioners have no basis or requirement to compile the data needed to produce estimates in...

Written Answers — Department of Finance: Financial Services and Pensions Ombudsman Remit (19 Jun 2018)

Paschal Donohoe: As I informed the Deputy on Tuesday 12th June in response to PQ 24855, the Financial Services and Pensions Ombudsman Act 2017 provides for the following time limits in relation to long-term financial services. "(2) A complaint in relation to - (a) conduct referred to in section 44(1)(a) that, subject to the requirements specified in subsection (3), relates to a long-term financial service,...