Results 21,801-21,820 of 32,864 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: No. Did I hear Deputy Murphy state that the financial services sector does not create many jobs in Ireland?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: Has the Deputy walked through docklands? Has he walked into any of the financial services employers who employ persons outside of Dublin? Are the 40,000 who work in more than 400 companies in financial services ghosts?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: No. I hope we will debate the point, albeit a brief one, but I cannot help but respond to Deputy Murphy's allegation that there are no jobs created in financial services.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: Not only is Ireland not a tax haven, as acknowledged by the Organisation for Economic Cooperation and Development, OECD, which makes an adjudication and offers a definitive view on whether a country is a tax haven but in respect of the Deputy's proposal for a financial transaction tax, FTT, I cannot think of a more ill-judged time to introduce such a measure, if one was minded to and I am...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: I will respond to the point raised by Deputy Martin Kenny as Deputy Fitzmaurice also raised it with me in the Dáil in the past week. If it is of assistance to the Deputies, I will meet them once the Bill has been completed to discuss this matter further. I understand the issue is being raised frequently in particular areas of the country and I am willing to meet the Deputies, as public...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: Tenfold.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: The committee discussed this matter with the Minister of State, Deputy D'Arcy, who outlined the two transitional measures that would be in place were the Bill enacted. The first relates to filing a return, paying stamp duty at 6%, receiving a stamp certificate and, on enactment of the Finance Bill, a refund being put in place. The second relates to filing a return through the e-stamping...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: The Revenue Commissioners have-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: The Revenue Commissioners have outlined the two measures that I just cited. Those measures have been available on the Revenue Commissioners' website for a period, but perhaps not everybody has been aware of them. I want to inform members of them now. I believe some Deputies have been aware of the second measure because that has been communicated to individuals who have...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: I was not present for the earlier debate on the difficulties that this move has caused for people who were involved in transactions. I am also well aware of the reaction from owners and those who were involved in seeking to purchase more agricultural land. At different stages in the aftermath of dealing with this matter, I have put in place measures to try to deal with some of these issues....

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: I will have to revert to the Deputy on the second part of the question because I cannot answer it now. I will come back to him and find the base off which the figure was calculated. On his earlier point, I know that Deputy Kenny opposes what I have done even though it was contained in the Sinn Féin pre-election budget.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: It was not calculated.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: The Sinn Féin budget stated non-commercial property, full stop.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: The phrase was non-commercial property and that was included in the Sinn Féin pre-election budget. That being said, when this issue began to develop, I dealt with the consanguinity issue within a matter of days. A number of days after that, as the issue of transitionary mechanisms began to emerge, the Revenue Commissioners, principally, although I tried to play a role in it too, dealt...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: Amendment No. 67 in the names of Deputies Fitzmaurice and McGrath proposes that in relation to the consolidation of farms, a stamp duty rate of 1% would apply. Deputy Michael McGrath’s amendment No. 76 calls for a report into the possible extension of the current CGT relief for farm restructuring to encompass stamp duty also. There was a stand-alone stamp duty relief that...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: I have not done that yet. I will have to publish my amendments to deal with the matter raised by Deputy McGrath in advance of Report Stage. It will be published well in advance of Report Stage. I have not yet decided how we can do it. One of the reasons is because I must do it in such as way as to make it likely that I will get approval, if needed, to deal with state aid and I want ensure...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: I intend to bring forward amendments to this section on Report Stage to provide for a stamp duty refund scheme for commercial land purchases for the development of housing in view of the housing supply challenge facing the country. I referenced the scheme on the night of the budget. The refund will be subject to certain conditions, including a requirement that developers commence...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: We will be making provision to deal with that issue.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Paschal Donohoe: I move amendment No. 70: In page 56, line 17, after "section 463" to insert "or 1129". These amendments seek to correct an omission from sections 59, 60 and 74 of the Bill, as published, in relation to a merger or division of companies carried out under the provisions of the Companies Act 2014. The Companies Act 2014 which was passed in June 2015 consolidated and amended all existing...