Results 19,761-19,780 of 33,049 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 56: In page 61, to delete lines 29 to 32 and substitute the following: “but for the fact that the amount against which the payment is deductible in the payer territory is a disregarded payment in the first-mentioned territory, the disregarded payment shall be treated as included in the first-mentioned territory. (3) This section shall not apply...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 57: In page 63, line 3, to delete “foreign” and substitute “domestic”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 58: In page 63, line 6, to delete “domestic”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 59: In page 63, line 8, to delete “domestic” and substitute “foreign”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 60: In page 64, line 9, to delete “paragraph (a)” and substitute “paragraph (b)(i)”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 61: In page 65, to delete lines 13 to 18 and substitute the following: “(a) dividends and manufactured payments, (b) interest, including any discounts or amounts which would be treated as interest under Part 8A, notwithstanding that no election is made under section 267U, (c) the amount of payments that are equivalent to interest under an arrangement...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 62: In page 66, line 26, to delete “the payment is not” and substitute “a corresponding amount has not been”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 63: In page 66, to delete lines 33 to 37 and substitute the following: “(I) in a case in which the non-inclusion arises because of any provision of the Tax Acts or the Capital Gains Tax Acts, in calculating the amount on which the payee is charged to tax, that provision shall be disapplied, insofar as it provides for the non-inclusion, and”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 64: In page 67, line 32, to delete “the payment is not” and substitute “a corresponding amount has not been”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 65: In page 68, line 13, to delete “the payment is not” and substitute “a corresponding amount has not been”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 66: In page 70, line 9, after “tax” to insert the following: “for so much of the payment as corresponds to the mismatch outcome which has not been neutralised in another territory”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 67: In page 71, line 3, after “deduction” to insert “for the purposes of domestic tax”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 68: In page 71, line 23, to delete “835AH” and substitute “835AI”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (5 Nov 2019)

Paschal Donohoe: I move amendment No. 69: In page 71, line 37, after “deduction” to insert “for the purposes of domestic tax”.

Written Answers — Department of Finance: Tax Credits (6 Nov 2019)

Paschal Donohoe: In situations where a couple is cohabiting, rather than married or in a civil partnership, each partner is treated for the purposes of income tax as a separate and unconnected individual. Because they are treated separately for tax purposes, credits, tax bands and reliefs cannot be transferred from one partner to the other. The basis for the current tax treatment of married couples...

Written Answers — Department of Finance: Pension Levy (6 Nov 2019)

Paschal Donohoe: The pension fund levy was introduced in 2011 in the wake of the financial crisis and at a time when the economy was in serious difficulties. The levy was designed to claw back a small amount of the very generous tax reliefs that those contributing to pension arrangements had benefitted from over many years. The levy went to fund the tax reductions and expenditure measures introduced in the...

Written Answers — Department of Finance: Universal Social Charge Application (6 Nov 2019)

Paschal Donohoe: Individuals will continue to pay Universal Social Charge (USC) as normal up to the age of 70. Reduced rates of USC apply for those aged over 70 with total annual income of less than €60,000. This ensures that the highest rate of USC paid on income is 2%. There is no charge to PRSI (Pay Related Social Insurance) for those aged over 66. Additionally, a person aged 65 and over...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (Resumed) (6 Nov 2019)

Paschal Donohoe: Capital allowances for intangible assets were introduced in the Finance Act 2009 to support the development of the knowledge economy and the provision of high quality employment. When the capital allowances were introduced a restriction was provided to cap at 80% the amount of income the allowances could be used against in any year. The cap was removed for a period between 2015 and 2017 to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (Resumed) (6 Nov 2019)

Paschal Donohoe: I thank the Deputy for the argument he has put forward. I note his acknowledgement of the degree of change that we have made. My view is that our tax treatment of intellectual assets is appropriate. It recognises the value of these assets and the contribution that they can make to economy, and also the need for us to tax them effectively and fairly. On the issue regarding the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (Resumed) (6 Nov 2019)

Paschal Donohoe: I will make three points. First, I wish to state in the strongest terms that the changes I made in the previous Finance Bill to deal with this area were not influenced by any one company, nor was I approached on this matter by any one company. I am not suggesting that the Deputy is alleging that that is what motivated my action in this regard. Given the scale of this issue, however, it is...