Results 20,781-20,800 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Compliance (30 Jan 2018)

Paschal Donohoe: Revenue is an integrated tax and customs administration with compliance interventions being risk driven and deployment of staffing and other resources reviewed regularly in light of, inter alia, risk, the need to ensure operational effectiveness and emerging technological advancements. I am advised by Revenue that given its integrated approach to confronting non-compliance risk, it is not...

Written Answers — Department of Finance: Economic Competitiveness (30 Jan 2018)

Paschal Donohoe: In response to the Deputy’s question, I have included the requested information below in relation to the recommendations supplied as contained in the latest National Competitiveness Council report “Ireland’s Competitiveness Challenge 2017”. Recommendation Response  Continue to implement a growth-friendly fiscal stance to further lower the government debt...

Written Answers — Department of Finance: Motor Insurance Costs (30 Jan 2018)

Paschal Donohoe: In fulfilment of Recommendation 9 in the Action Plan of the Report on the Cost of Motor Insurance, Insurance Ireland set up the Business and Consumer Forum in March 2017 and invited relevant stakeholders to the first of its biannual meetings.  The Report recommends that the forum is “industry-led” and consequently this explains why Insurance Ireland as the main...

Written Answers — Department of Finance: Departmental Staff Data (30 Jan 2018)

Paschal Donohoe: I wish to inform the Deputy that there are no secondees from the businesses (details supplied) currently working in the Department of Finance. However, in previous years the Department of Finance did have secondees from some of these businesses and those details can be found on the Department of Finance website at www.finance.gov.ie.

Written Answers — Department of Finance: Motor Insurance Costs (30 Jan 2018)

Paschal Donohoe: At the outset, the Deputy should note that it has been brought to my attention that some policyholders, particularly older persons, are continuing to experience increases in their insurance premiums in spite of the fact that prices are generally in decline. My officials have received representations on this topic, while there also have also been a number of Parliamentary Questions tabled....

Written Answers — Department of Finance: Insurance Coverage (30 Jan 2018)

Paschal Donohoe: I am conscious of the difficulties that the absence or withdrawal of flood insurance cover can cause to homeowners and businesses, and that is one of the reasons the Government has been prioritising investment in flood defences over the last number of years. However, you should be aware that the provision of insurance is a commercial matter for insurance companies, which has to be based...

Written Answers — Department of Finance: Banking Sector (30 Jan 2018)

Paschal Donohoe: I propose to take Questions Nos. 149, 166 and 168 together. As the Deputy is aware, my Department, along with the Department of Rural and Community Development are assigned the responsibility 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...

Written Answers — Department of Finance: Consumer Protection (30 Jan 2018)

Paschal Donohoe: On a number of occasions recently I have made clear that I will consider any proposals from the Central Bank for additional powers, should it request them. Notwithstanding that, the Central Bank already has considerable powers to protect customers of financial institutions and punish regulated entities which mislead or lie to their customers. The Central Bank’s Consumer...

Written Answers — Department of Finance: Public Interest Directors (30 Jan 2018)

Paschal Donohoe: As the Deputy will be aware, the programme for partnership Government includes a commitment to cease the appointment of new public interest directors, PIDS, in the banks and reform the process by which State nominees are appointed to the board of the banks. Future appointments will be made on foot of my rights as shareholder in each of the banks and not using the powers contained in the...

Written Answers — Department of Finance: Property Tax Administration (30 Jan 2018)

Paschal Donohoe: I recently announced a review of the local property tax, LPT, which will look in particular at the impact on LPT liabilities of property price developments. It will include an examination of the outstanding recommendations of the 2015 Thornhill review of the local property tax. It is expected that the review will be completed at the end of August and that the review report will provide a...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (30 Jan 2018)

Paschal Donohoe: The Strategic Banking Corporation of Ireland’s, SBCI, mission is to deliver effective financial supports to Irish SMEs and, in time, other sectors that address failures in the Irish credit market, while driving competition and innovation and ensuring the efficient and effective use of available EU resources. The SBCI uses an on-lending model, meaning it does not lend directly....

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (30 Jan 2018)

Paschal Donohoe: The purpose of the Strategic Banking Corporation of Ireland, SBCI, is to deliver effective financial supports to Irish SMEs as well as other sectors, in time, that address failures in the Irish SME finance market, while driving competition and innovation and ensuring the efficient and optimal use of available EU resources. The SBCI has a vital role to play in meeting the evolving finance...

Written Answers — Department of Finance: Common Consolidated Corporate Tax Base Negotiations (30 Jan 2018)

Paschal Donohoe: Any tax directive at EU level bring convergence to some aspect of tax.Ireland has supported the EU anti-tax avoidance directives, that standardises anti-avoidance measures across the EU in line with the OECD BEPS recommendations. However, taxation remains within the competence of individual member states.Unanimity is needed before any tax changes can be agreed at EU level.Proposals for tax...

Written Answers — Department of Finance: European Council Meetings (30 Jan 2018)

Paschal Donohoe: Finance ministers met on 22 and 23 January and to discuss the completion of banking union and capital markets union, amongst other things.  In November 2016, the European Commission proposed a comprehensive package of reforms to further strengthen the resilience of European banks. This package, collectively known as risk reduction measures, aims to complete reforms...

Written Answers — Department of Finance: Rental Sector (30 Jan 2018)

Paschal Donohoe: The Deputy will appreciate that NAMA does not own or manage properties. NAMA has acquired loans.  The properties securing those loans continue to be managed by their legal owners or, in the case of enforcement, by duly appointed insolvency practitioners. Insolvency practitioners such as receivers and administrators act as agents of the original owners of the properties, not as agents of...

Written Answers — Department of Finance: Tax Rebates (30 Jan 2018)

Paschal Donohoe: I am advised by Revenue that the person concerned did not pay tax in the years 2014, 2015 and 2016 and therefore is not due a tax refund for those years.  As regards 2017, when the person concerned receives a P60 from their employer for the year, they can request a review by using Revenue's online service ‘myAccount’.

Written Answers — Department of Finance: Motor Insurance Coverage (30 Jan 2018)

Paschal Donohoe: At the outset the Deputy should note that there is no statutory basis underpinning how individual insurers operate their No Claims Bonus system. This is a commercial matter for such companies and the level of the bonus varies between them but may be as high as a 70% discount. In addition, I understand that insurers have different approaches and policies where an incident has been reported...

Written Answers — Department of Finance: VAT Payments (30 Jan 2018)

Paschal Donohoe: Section 960EA of the Taxes Consolidation Act 1997 provides that transaction costs incurred in respect of the necessary service providers for credit card transactions, i.e. merchant acquirer services and technical connection support can be passed to the taxpayer. The Revenue Commissioners has advised me that the biggest portion of the current 1.1% charge applied to credit card...

Written Answers — Department of Finance: Tracker Mortgage Examination (30 Jan 2018)

Paschal Donohoe: The Central Bank has advised that it has utilised its enforcement powers and continues to pursue enforcement actions in response to tracker mortgage issues that have been identified at certain lenders. The Bank has already concluded an enforcement investigation in respect of tracker mortgage-related failures identified at Springboard Mortgages Limited in November 2016. In that instance the...

Written Answers — Department of Finance: Tracker Mortgage Examination (30 Jan 2018)

Paschal Donohoe: The Central Bank has advised that, due to statutory confidentiality requirements, the Bank may not publicly disclose much of its supervisory engagement with individual firms. In particular, the Central Bank can, generally speaking, only disclose such information in summary or aggregate form so that individual firms cannot be identified. However, the Central Bank has advised that pursuant...