Results 2,061-2,080 of 33,923 for speaker:Paschal Donohoe

Ceisteanna Eile - Other Questions: Departmental Schemes (13 Feb 2025)

Paschal Donohoe: I congratulate Deputy O'Sullivan on his election to Dáil Éireann and I thank him for his first question to me on what I know is a very important matter. My Department and I share concerns that the scheme is no longer fit for purpose and believe it should be replaced with a needs-based, grant-led approach for necessary vehicle adaptations that could serve to improve the functional...

Ceisteanna Eile - Other Questions: Tax Credits (13 Feb 2025)

Paschal Donohoe: I am going to have to disappoint the Deputy as I have the information for Kildare but not Cork available this morning. Of course, I can get that information for him and will share it with him quickly. The rent tax credit, as he outlined, has been brought in. In budget 2025, it was increased to €1,000 for a single person and €2,000 for a jointly assessed couple. This...

Ceisteanna Eile - Other Questions: Tax Credits (13 Feb 2025)

Paschal Donohoe: The commitment in the programme for Government is very clear. We recognise the value and support this credit has provided. Over time, in the different budgets the Government will bring forward, we will seek to improve it, as will be the case with other important credits and tax reliefs. It has played a role in helping with the affordability of rents for many tenants. I agree with all the...

Ceisteanna Eile - Other Questions: Tax Credits (13 Feb 2025)

Paschal Donohoe: We have not yet had discussions in that regard, to be frank with the Deputy, because of how early we are in the lifetime of this Government and in preparing for the next budget. Of course, we have schemes in place such as the first home scheme, which is a shared equity scheme, and the help to buy scheme. They are designed to help everybody looking to buy their first home, particularly new...

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: To facilitate a back-and-forth discussion on the issue, I will quickly emphasise what I said in reply to Deputy Connolly earlier. Of course, due to Ireland being an open trading economy, we can be strongly affected by changes that happen in global trade. We are currently considering these potential scenarios and they will be outlined in the stability programme update in April.

Ceisteanna Eile - Other Questions: Trade Relations (13 Feb 2025)

Paschal Donohoe: Of course we need to do that. We have made efforts to do that in recent years and need to continue to do so. That is why changes with regard to carbon taxation continue to be essential. It is why changes that we will make in the time ahead to our PRSI system to ensure that our Social Insurance Fund is sustainably funded in the years ahead are really vital. As regards other things we need...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Exchequer Returns (13 Feb 2025)

Paschal Donohoe: We got a real insight into the thinking of Deputy Tóibín and Aontú there. He characterised foreign direct investment as transitional investment in jobs. Is he going to tell the people who work for the semiconductor sector here that their jobs are transitional?

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Exchequer Returns (13 Feb 2025)

Paschal Donohoe: When he leaves Leinster House later, is he going to go down to the docks on the north side and the south side-----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Exchequer Returns (13 Feb 2025)

Paschal Donohoe: It is what he is saying.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Exchequer Returns (13 Feb 2025)

Paschal Donohoe: A moment ago he described that investment as transitional investment. I invite him to visit our life science sector, which is located across the length and breadth of Ireland-----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Exchequer Returns (13 Feb 2025)

Paschal Donohoe: -----to go down to the financial services sector------

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Exchequer Returns (13 Feb 2025)

Paschal Donohoe: -----to go into the manufacturing jobs-----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Exchequer Returns (13 Feb 2025)

Paschal Donohoe: -----that are located in his constituency and near it.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Exchequer Returns (13 Feb 2025)

Paschal Donohoe: He should walk into those workplaces and tell those people that their jobs are transitional.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Exchequer Returns (13 Feb 2025)

Paschal Donohoe: We got an insight into the thinking of Aontú there. The Deputy went on to say we are outsourcing our sovereignty. That is the thinking of the 1950s and 1960s. It is not the thinking that has enabled this country to grow its prosperity. It is not the approach that will help us navigate our way through the challenges that are there.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (13 Feb 2025)

Paschal Donohoe: I thank the Deputy for his question on this very important topic. At least he has a recognition of the value of organisations like the OECD. As to where we are, as the Deputy outlined Ireland signed up to a global tax deal. We did so in October 2021, as he is aware. That was part of an overall inclusive framework on base erosion and profit shifting as part of the G20 and OECD agreement....

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (13 Feb 2025)

Paschal Donohoe: Our intent very much is to engage with the United States with a view to making the case to it for continued participation in the OECD framework. That is the outcome we will seek to achieve. I fully acknowledge the difficulties that will be there with regard to that given what President Trump and the Department of the Treasury have already indicated. Are we looking at what the consequences...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: International Agreements (13 Feb 2025)

Paschal Donohoe: Any engagement with the new US Administration has been constrained by the fact that it is only making appointments at the moment. That has been the key issue. The new Secretary of the Treasury had his appointment ratified a number of weeks ago. Many of the other officeholders within the US Treasury, however, with whom both we and Europe will deal, are in the very early days of coming...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (13 Feb 2025)

Paschal Donohoe: I absolutely appreciate the value of the 9% hospitality rate and the help it can offer to the hospitality sector. I understand that 9% is the rate that can have the biggest effect. The timing of this relates to the fact that it will be a significant move. If a move is made - and my view is that when we decide the scope of that move, it should be concentrated on the food and catering...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (13 Feb 2025)

Paschal Donohoe: I understand the value of the 9% VAT rate. It is my intention to be able to deliver such a move, but such a move would entail a significant cost, which is why it needs to be part of the overall budget process. As to what that VAT rate will be applicable to, my view is that it can have the biggest impact on food and catering, as I made clear in my earliest answer to the Deputy. The...