Results 201-220 of 1,718 for long speaker:Paschal Donohoe

Written Answers — Department of Transport, Tourism and Sport: Tax Code (22 Jun 2022)

Paschal Donohoe: ...lower rate of VAT or an exemption to be applied, and so they are liable to VAT at the standard rate. By way of special derogation from the general rule though, Ireland is permitted to continue its long-standing practice of applying a reduced rate, currently 13.5%, to the supply of ready-to-pour concrete and certain concrete blocks but there are strict restrictions on this derogation,...

Written Answers — Department of Transport, Tourism and Sport: Tax Code (22 Jun 2022)

Paschal Donohoe: Ireland is very supportive of the two-pillar solution for the taxation of the digital economy reached globally at the OECD, an agreement to which we signed up to along with over 130 other countries in October 2021. My long-standing position is that the international tax system needs to adapt to keep pace with changes in how business is conducted internationally. This is a global issue...

Written Answers — Department of Finance: Fiscal Policy (21 Jun 2022)

Paschal Donohoe: ...inflationary environment, this era of monetary policy is now coming to an end: in short, interest rates are rising and it will be more expensive to borrow in the future. Given the relatively long average maturity of Irish debt, the impact of increased interest rates will not be fully felt in the short-run. As a result, we have the opportunity to mitigate the risk by acting now to...

Written Answers — Department of Finance: Tax Code (21 Jun 2022)

Paschal Donohoe: ...on a conveyance or transfer of land, an adopted person will be regarded as the child of the adopter or adopters.  Furthermore, section 1 of the Stamp Duties Consolidation Act 1999 extends the definition of child to individuals who have been in long-term fostering arrangements.  Specifically, it provides that a "child" includes a person who resided with, was under the care of,...

Written Answers — Department of Finance: Tax Code (21 Jun 2022)

Paschal Donohoe: ...’ applies such that there is no annual tax on income or gains arising to a fund but the fund has responsibility to deduct an exit tax in respect of payments made to certain unit holders in that fund. To prevent indefinite or long-term deferral of this exit tax, a disposal is deemed to occur every 8 years.  Where the offshore fund regime applies, the applicable tax treatment...

Written Answers — Department of Finance: Tax Code (16 Jun 2022)

Paschal Donohoe: ...lower rate of VAT or an exemption to be applied, and so they are liable to VAT at the standard rate. By way of special derogation from the general rule though, Ireland is permitted to continue its long-standing practice of applying a reduced rate, currently 13.5%, to the supply of ready-to-pour concrete and certain concrete blocks but there are strict restrictions on this derogation,...

Written Answers — Department of Finance: Tax Code (16 Jun 2022)

Paschal Donohoe: ...whilst addressing pressures within our housing market. This approach is expected to benefit both prospective owner-occupiers and renters by addressing the mismatch between demand and supply which has been a long-standing characteristic of the housing market. The role of the Minister for Finance is in relation to taxation. The specific actions which the Department of Finance is tasked...

Written Answers — Department of Finance: Tax Yield (16 Jun 2022)

Paschal Donohoe: ...the need to reduce our exposure to this revenue stream. Finally, last year I established the Commission on Taxation and Welfareto analyse the structure of our public finances and to propose reforms to ensure the long-term sustainability of our tax and welfare systems. The Commission is due to report next month on how to best address vulnerabilities in the tax base to ensure that we are in...

Written Answers — Department of Finance: Tax Code (16 Jun 2022)

Paschal Donohoe: ...through the reduction of carbon emissions. A well-functioning EU electricity market is crucial for the integration of our Internal Energy Market and supporting investment in new renewables. The best long-term approach for Ireland to insulate consumers from volatility on international wholesale energy markets is to invest in energy efficiency and renewable energy. Cutting our dependence...

Written Answers — Department of Finance: Tax Code (16 Jun 2022)

Paschal Donohoe: ...than 10% of turnover. Pillar Two provides that the minimum effective rate is 15% for multinational enterprises with annual turnover in excess of €750m. It is expected that the Agreement will bring long-term stability and certainty to the international tax framework arising from discussions which have taken place. The implementation timeframe for both Pillars is ambitious as...

Written Answers — Department of Finance: Housing Policy (16 Jun 2022)

Paschal Donohoe: ...rent to the landlord based on his or her income. The inclusion of a private entity in the MTR scheme arose from a 2017 review of the scheme and was seen as a way to achieve greater scale to meet the long-term social housing needs of some borrowers who have unsustainable mortgages. In overall terms, eligibility for the MTR scheme and policy on the operation of the scheme, including...

Written Answers — Department of Finance: Vacant Properties (16 Jun 2022)

Paschal Donohoe: ...used to assess the merits and impact of introducing a Vacant Property Tax. In considering the case for such a tax, it is important to have a sound understanding of the quantity, locations and characteristics of long-term vacant properties. It is also essential to identify the reasons for vacancy, and whether this is long or short-term in nature. There may be genuine and acceptable reasons...

Written Answers — Department of Finance: Housing Schemes (16 Jun 2022)

Paschal Donohoe: ..., to examine whether there is a continued role for Help-to-Buy and, if so, to present options on how such role might best be fulfilled in the most efficient and cost-effective manner in the medium to long term, including on the question of any transitioning. As part of the overall context, the review should draw on experience internationally and offer views in this regard as appropriate....

Written Answers — Department of Finance: Insurance Industry (16 Jun 2022)

Paschal Donohoe: ...lowered award levels for many common injuries; - the Central Bank’s forthcoming ban on price walking for home and motor insurance, which will end the “loyalty penalty” imposed on some long-term customers; - the establishment of the Office to Promote Competition in the Insurance Market, which aims to lower costs by promoting greater competition in the Irish market; ...

Written Answers — Department of Finance: Banking Sector (16 Jun 2022)

Paschal Donohoe: ...for the Central Bank and the Bank has the powers available to it for that purpose. The Central Bank has advised that it is currently undertaking intensive supervisory engagement with firms on Long Term Mortgage Arrears (LTMA) to ensure that firms are doing all they can to get borrowers who are engaging meaningfully and paying something towards their mortgage on to an appropriate and...

Written Answers — Department of Finance: Banking Sector (16 Jun 2022)

Paschal Donohoe: ...consistent since the initial estimate was produced in respect of the end of 2014. In total, the debt-related cost to the State associated with the investments was c.€22 billion over the period 2009 to 2018. In the long-term, the cost of servicing the debt associated with the investments is projected to be around €420 million annually for each percentage point that the State...

Written Answers — Department of Finance: Foreign Direct Investment (16 Jun 2022)

Paschal Donohoe: I propose to take Questions Nos. 199 and 205 together. Ireland has long established itself as a market of choice for foreign direct investment and FDI makes a highly significant contribution to the domestic economy. Ireland’s ability to attract and retain FDI reflects our strong legal and regulatory landscape, our track record as a stable and pro-enterprise jurisdiction, and our...

Written Answers — Department of Finance: Foreign Direct Investment (16 Jun 2022)

Paschal Donohoe: ...10% of turnover. Pillar Two provides that the minimum effective rate is 15% for multinational enterprises with annual turnover in excess of €750m. It is expected that the Agreement will bring long-term stability and certainty to the international tax framework arising from discussions which have taken place. Importantly for Ireland, the agreement provides that the...

Written Answers — Department of Finance: Economic Data (16 Jun 2022)

Paschal Donohoe: ...tensions and global issues of supply are risks to Ireland’s economy, our resilience and strength ultimately comes from being a dynamic economy open to investment and trade across our borders. This has long proven to be the fundamental strength of the Irish economy, and that remains the case today.

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (15 Jun 2022)

Paschal Donohoe: I know how important the summer camps are at a time when schools are closed and families need some additional support to get through a summer that can sometimes feel very long. I am sure the matter is being progressed if the Deputy has already raised it with the Taoiseach, but I will also follow up on it with the Minister for Health.