Results 20,381-20,400 of 32,864 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2018
Estimates for Public Services 2018
Votes 11 - Public Expenditure and Reform (Revised)
Vote 12 - Superannuation and Retired Allowances (Revised)
Vote 14 - State Laboratory (Revised)
Vote 15 - Secret Service (Revised)
Vote 17 - Public Appointments Service (Revised)
Vote 18 - National Shared Services Office (Revised)
Vote 19 - Office of the Ombudsman (Revised)
Vote 39 - Office of Government Procurement (Revised) (22 Feb 2018)

Paschal Donohoe: I am not smiling about the project because I am familiar with the need for it and the effect in the Deputy's town and parish. I am smiling because if I were to give an indication on any particular project, two things would happen, the first of which is that Deputy Pearse Doherty would then ask about projects in County Donegal and Deputy Jonathan O'Brien would ask about a school or some other...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2018
Estimates for Public Services 2018
Votes 11 - Public Expenditure and Reform (Revised)
Vote 12 - Superannuation and Retired Allowances (Revised)
Vote 14 - State Laboratory (Revised)
Vote 15 - Secret Service (Revised)
Vote 17 - Public Appointments Service (Revised)
Vote 18 - National Shared Services Office (Revised)
Vote 19 - Office of the Ombudsman (Revised)
Vote 39 - Office of Government Procurement (Revised) (22 Feb 2018)

Paschal Donohoe: A ring road.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2018
Estimates for Public Services 2018
Votes 11 - Public Expenditure and Reform (Revised)
Vote 12 - Superannuation and Retired Allowances (Revised)
Vote 14 - State Laboratory (Revised)
Vote 15 - Secret Service (Revised)
Vote 17 - Public Appointments Service (Revised)
Vote 18 - National Shared Services Office (Revised)
Vote 19 - Office of the Ombudsman (Revised)
Vote 39 - Office of Government Procurement (Revised) (22 Feb 2018)

Paschal Donohoe: Deputy Michael McGrath knows what would happen.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2018
Estimates for Public Services 2018
Votes 11 - Public Expenditure and Reform (Revised)
Vote 12 - Superannuation and Retired Allowances (Revised)
Vote 14 - State Laboratory (Revised)
Vote 15 - Secret Service (Revised)
Vote 17 - Public Appointments Service (Revised)
Vote 18 - National Shared Services Office (Revised)
Vote 19 - Office of the Ombudsman (Revised)
Vote 39 - Office of Government Procurement (Revised) (22 Feb 2018)

Paschal Donohoe: I never said the Deputy was not entitled to ask about the plan. He is entitled to raise the issue with me, but he knows how such decisions are made. He understands it is not my role to become involved in decisions my colleagues make on individual projects. As I stated, if I were to comment on an individual project, every other Deputy present would begin to ask me about other projects and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2018
Estimates for Public Services 2018
Votes 11 - Public Expenditure and Reform (Revised)
Vote 12 - Superannuation and Retired Allowances (Revised)
Vote 14 - State Laboratory (Revised)
Vote 15 - Secret Service (Revised)
Vote 17 - Public Appointments Service (Revised)
Vote 18 - National Shared Services Office (Revised)
Vote 19 - Office of the Ombudsman (Revised)
Vote 39 - Office of Government Procurement (Revised) (22 Feb 2018)

Paschal Donohoe: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (22 Feb 2018)

Paschal Donohoe: I am pleased to have the opportunity to discuss with the committee the 2018 Estimates for the Department of Finance and other Votes within the finance group covering the Office of the Comptroller and Auditor General, the Revenue Commissioners and the Tax Appeals Commission. I will focus on my own Department first. The EU and international division deals with the development and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (22 Feb 2018)

Paschal Donohoe: I have not yet been consulted formally by Permanent TSB representatives regarding their intentions, though as the process moves forward, they are required to formally consult with, and inform, me regarding the magnitude of what is under way and to ask for my views on certain matters. The regulations we have in place have played an important role in dealing with mortgage arrears and in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (22 Feb 2018)

Paschal Donohoe: The regulations that are in place have played a role in dealing with the great human and economic trauma that we have gone through over the past number of years and that is why there has been progress in respect of mortgage arrears. Anybody who loses a family home to repossession is one too many but we have avoided the worst projections that were made. The number of repossessions that have...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (22 Feb 2018)

Paschal Donohoe: That will depend on the nature of the additional regulation that we may bring in. If further legislation or regulatory change is needed, I will then have to justify to the Deputy what additional protection will be built in and delivered. I am looking at that actively at the moment because I am conscious of the worry and apprehension people feel about this matter. I want to do the right...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (22 Feb 2018)

Paschal Donohoe: The Deputy is aware of the challenge I find myself facing in that space because he has a deep appreciation of these matters. We all know the value of a strong, independent regulator with strong regulatory powers, given all that we have gone through, indicating clearly that the level of NPLs has to come down.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (22 Feb 2018)

Paschal Donohoe: I want to speak on the banking union. It is an area which is ultimately the way in which the change Deputy Michael McGrath is referring to will be facilitated. I expect that, at the June or July European Council and the meeting of finance Ministers across that period, we will make greater progress in putting in place the policy framework needed for the realisation of the banking union,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (22 Feb 2018)

Paschal Donohoe: All of the dimensions of this will become more and more apparent. My objective is that as we deal with the challenging consequences, which we are in the middle of doing, the benefits will become more apparent than they are at the moment. The first wave of offers will likely be from financial services and FinTech companies.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (22 Feb 2018)

Paschal Donohoe: There are three things I will be doing to deal with that matter, because we need to have a well-functioning and fit-for-purpose Tax Appeals Commission. The first relates to the level of resources I will make available. Let us consider the trend and where we are at the moment. In 2015, the allocation for the commission was €0.511 million. In 2016, the figure went to €0.844...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (22 Feb 2018)

Paschal Donohoe: I am aware of the need to have a well-functioning Tax Appeals Commission to do two things. The first is to ensure that issues relating to the taxation status of individuals and companies are dealt with fairly. The second is to facilitate the functioning of the entire system. During the year, I will make as many resources available to that organisation as I can to deal with this. That is...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (22 Feb 2018)

Paschal Donohoe: I have not heard any political opportunism in this matter. I would not agree with such an assessment. If others want to use that language to describe the debate that is under way, that is their business. The comments that Members of the Oireachtas are making are rooted in genuine anxiety that their constituents, loan owners and homeowners have. I am responding in that vein to the debate....

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (22 Feb 2018)

Paschal Donohoe: The Chairman asked me if I can intervene in the timing of any loan book sale. The Single Supervisory Mechanism, which is completely independent of me, has issued a direction that the bank is following. I do not have the power available to me to intervene in the compliance with that regulation or its timing. We are talking about a bank that has non-performing loans. Going back to a comment...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (22 Feb 2018)

Paschal Donohoe: As I said in an earlier answer to the Chairman, I cannot influence how a bank responds on its timing because we are dealing with an independent regulator. What I can do is influence what I can directly control. If I believe there are changes which are needed which require legislative or regulatory change, my objective is to implement them as soon as possible. I will do it against the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (22 Feb 2018)

Paschal Donohoe: The Minister, Deputy Michael Ring, and I are working on the community banking report. It will probably be a couple of months before we come back to the committee on it as we still have work to do. I am aware of its interest in the matter. When the work is done and the report complete, we will bring it to the Cabinet and it will then be made available to the committee to debate it.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (22 Feb 2018)

Paschal Donohoe: I cannot guide ISIF, the organisation which manages our investments. It does so independently and I cannot tell it the projects in which it should get involved. I understand we already support iCare Any further support we might give to any organisation must be subject to tendering and procurement rules and so on.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (22 Feb 2018)

Paschal Donohoe: What was the question on merging? I missed the start of it.