Results 21,861-21,880 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tracker Mortgage Examination Data (9 Nov 2017)

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. The Central Bank has to be careful that any public...

Written Answers — Department of Finance: Banking Operations (9 Nov 2017)

Paschal Donohoe: Officials in the Department of Finance have received the following responses from the banks in relation to the Deputy’s question: AIB: AIB’s businesses in Isle of Man and Jersey were established in 1977 and 1981 respectively. AIB became the owner of Anglo Irish Bank Corporation (International) PLC (now known as AIB ISL (Limited) on 24 February 2011. Arising from the...

Written Answers — Department of Finance: Banking Sector Data (9 Nov 2017)

Paschal Donohoe: Officials in the Department of Finance have received the following responses from the banks in relation to the Deputy’s question: AIB: Arising from the recapitalisation and restructuring of Allied Irish Banks, p.l.c. the banking operations of AIB ISL Limited and AIB CI Limited were wound down by 30 November 2013. PTSB: Permanent TSB plc had two operations in the Isle of Man.  The...

Written Answers — Department of Finance: Banking Sector Data (9 Nov 2017)

Paschal Donohoe: As the Deputy will understand, the information requested is not held within my Department. The banks in which the State is a shareholder operate on an independent, commercial basis and I as Minister do not have a role in their operations. AIB have provided me with the following response to the Deputy's query: "AIB ceased banking operations in Jersey and the Isle of Man by 30 November...

Written Answers — Department of Finance: Tax Data (9 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 62, 63, 65 and 66 together. As respects question No. 62, I am advised by Revenue that section 851A of the Taxes Consolidation Act (TCA) 1997 imposes a statutory obligation on Revenue to maintain the confidentiality of information provided by a taxpayer, or obtained by Revenue from a taxpayer, for the purposes of the various taxation codes. As the...

Written Answers — Department of Finance: State Banking Sector Regulation (9 Nov 2017)

Paschal Donohoe: As I indicated earlier this week I have discussed these disclosures with the Revenue Commissioners who are the most appropriate authority to examine matters raised in the media arising from the so called 'Paradise Papers' and the Chairman has assured me they would be monitoring the revelations as they arose. I would also call on the ICIJ to share any information it has with Revenue. I...

Written Answers — Department of Public Expenditure and Reform: Community Employment Schemes Supervisors (9 Nov 2017)

Paschal Donohoe: In considering the particular matter regarding entitlements for community service supervisors, regard must be had to the costs and precedent of such an arrangement were one to be created. A scoping exercise is currently being finalised by officials in this Department and should be completed later this year. Due to unforeseen circumstances, it was necessary to postpone the meeting scheduled...

Written Answers — Department of Public Expenditure and Reform: Capital Expenditure Programme Publication (9 Nov 2017)

Paschal Donohoe: In Budget 2018, I announced the Government's capital spending plans for the next four years. I also set out the intention, as already announced, that the Government will publish a new 10-year capital plan alongside the proposed new National Planning Framework (NPF) for spatial policy detailed in the Ireland 2040 Plan. As the Deputy will be aware, Government has allocated a...

Written Answers — Department of Public Expenditure and Reform: Community Employment Schemes Supervisors (9 Nov 2017)

Paschal Donohoe: In considering the particular matter regarding entitlements for community service supervisors, regard must be had to the costs and precedent of such an arrangement were one to be created. A scoping exercise is currently being finalised by officials in this Department and should be completed later this year. Due to unforeseen circumstances, it was necessary to postpone the...

Written Answers — Department of Public Expenditure and Reform: Public Procurement Regulations (9 Nov 2017)

Paschal Donohoe: The OGP and its partner sector sourcing organisations in Health, Education, Local Government and Defence have enabled procurement savings estimated at €300 million over 2013, 2014, 2015 and 2016. The 2017 savings outturn has not been finalised but the target for 2017 was between €80 and €100 million and current indications are that this will be achieved. The OGP...

Written Answers — Department of Public Expenditure and Reform: Public Sector Reform Implementation (9 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 74 and 75 together. Public Service Reform was a central element of the response to the challenges of recent years and remains an essential part of building for the future. We must build on progress made in recent years and maintain and renew our focus on Public Service Reform. It is essential that targeted recruitment and investment in public services is done...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Recruitment (9 Nov 2017)

Paschal Donohoe: As the Deputy will be aware, in my role as Minister for Public Expenditure and Reform, I have overarching responsibility for workforce planning in and recruitment to the Civil Service. In Budget 2015, it was announced that there will be a targeted programme of recruitment into the Civil Service to address service needs and a shortfall in key skills commencing in late...

Written Answers — Department of Public Expenditure and Reform: Public Sector Reform Implementation (9 Nov 2017)

Paschal Donohoe: I propose to take Questions Nos. 77, 79 and 80 together. Effective management of expenditure has been a key contributor towards putting Ireland’s public finances back on a sustainable footing. On an on ongoing basis, managing the delivery of public services within budgetary allocations is a key responsibility of each Minister and their Departments. Important measures are in place to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Paschal Donohoe: I thank the Chairman but I spoke on the amendment last night.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Paschal Donohoe: I move amendment No. 11:In page 15, to delete lines 9 and 10 and substitute the following:“other than— (I) on the market known as the Enterprise Securities Market of the Irish Stock Exchange, or (II) on any similar or corresponding market of the stock exchange—(A) in a territory other than the State with the government of which arrangements having the force of law by...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Paschal Donohoe: I move amendment No. 12:In page 19, line 3, to delete “tax.”.” and substitute the following:“tax.(12) Where this section applies relief under Part 16 shall not apply.”.”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Paschal Donohoe: I spoke on the amendment last night but I can speak more broadly on the section now. Section 10 inserts a new section after section 128E to provide for the introduction of a new share-option based relief for employees of SME companies, namely the key employee engagement programme, KEEP. It is designed to support SMEs in Ireland in competing with larger enterprises in the recruitment and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Paschal Donohoe: We estimate that over the medium term it will cost approximately €10 million. We do not expect that cost to be realised next year. We expect that the setup period for many companies will be, perhaps not prolonged, but into next year. Beyond that, when the scheme is ongoing, the cost will be approximately €10 million.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Paschal Donohoe: Yes. The two main criteria in this regard are that the enterprise must employ fewer than 250 persons, as the Deputy has just said, and that it must have an annual turnover not exceeding €50 million or an annual balance sheet in total not exceeding €43 million. In addition, we have laid down a number of trading activities which will be excluded from the KEEP incentive. This...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (8 Nov 2017)

Paschal Donohoe: Yes, that certainly sounds feasible.