Results 21,301-21,320 of 33,392 for speaker:Paschal Donohoe

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

Paschal Donohoe: The Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 (“the 2015 Act”) was introduced in July 2015 to fill the consumer protection gap where loans are sold by the original lender to an unregulated firm. The legislation ensures that relevant borrowers whose loans are sold to unregulated third parties maintain the regulatory protections they had prior to the...

Written Answers — Department of Finance: Housing Provision (30 Jan 2018)

Paschal Donohoe: In view of the housing supply challenge I introduced a Stamp Duty refund scheme in Finance Act 2017 which is intended to stimulate the provision of residential accommodation by providing for a partial refund of stamp duty paid on the acquisition of land where that land is used for the development of housing. The refund scheme has a number of conditions that are designed to ensure that only...

Written Answers — Department of Finance: State Aid Investigations (30 Jan 2018)

Paschal Donohoe: I propose to take Questions Nos. 104 and 167 together. I am assuming the Deputy is referring to the alleged State Aid in the Apple Decision. Ireland has never accepted the Commission’s analysis in the Apple State aid Decision. However, we have always been clear that the Government is fully committed to ensuring that recovery of the alleged Apple State aid takes place without delay and...

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

Paschal Donohoe: The second phase of the Cost of Insurance Working Group under the Chairmanship of the Minister of State for Financial Services and Insurance, Michael D’Arcy TD, recently concluded its report in relation to employer liability and public liability insurance.  This report was provided to me earlier in January and I endorsed it.  Following the necessary consultations with...

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

Paschal Donohoe: The Central Bank is a prescribed person for a worker to make a disclosure under the Protected Disclosures Act, 2014 (the 2014 Act) which they believe is substantially true, and receives protected disclosures from persons who, in good faith make a disclosure under the Central Bank (Supervision and Enforcement) Act, 2013 (the 2013 Act), to the Central Bank or to one of its...

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

Paschal Donohoe: I propose to take Questions Nos. 109, 176 and 177 together. Ireland’s corporation tax regime is a core part of our economic policy mix and is a longstanding anchor of our offering on foreign direct investment (‘FDI’). At 12.5%, Ireland has one of the most competitive headline corporate tax rate in the OECD. This rate is applied to a broad base – a policy...

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

Paschal Donohoe: The European Commission is expected to announce proposed Directives on digital taxation before the end of March this year.  It is expected that the proposals will include short term and long term suggestions for how digital companies should be taxed within the EU.   When these proposals are published, they will then be debated in detail by Member States.  It is likely that...

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

Paschal Donohoe: Section 38 of the Finance (Local Property Tax Act) 2012 (as amended) provides that property owners who fail to meet their LPT obligations will be surcharged when filing an Income Tax (IT), Corporation Tax (CT) or Capital Gains Tax (CGT) return. The surcharge is set at 10% of the IT, CT, or CGT liability to a maximum of €63,485 and is in addition to the actual LPT liability plus...

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...