Results 22,101-22,120 of 33,392 for speaker:Paschal Donohoe

Finance Bill 2017: Report Stage (Resumed) (23 Nov 2017)

Paschal Donohoe: We dealt with much of this matter last night. I appreciate the views of the Deputy on it but as I explained last night, I profoundly disagree with the approach he has taken. I reiterate that corporation tax policy and decisions we make on how to tax activity within our country is a legitimate part of an economic and political model for a country of our scale and size, located where we are...

Written Answers — Department of Finance: Interest Rates (23 Nov 2017)

Paschal Donohoe: The Deputy will be aware that I, as Minister for Finance, have no direct function in the relationship between the banks and their customers. I have no statutory function in relation to the banking decisions made by individual lending institutions at any particular time and these are taken by the board and management of the relevant institution. However, it should be...

Written Answers — Department of Finance: Sovereign Debt (23 Nov 2017)

Paschal Donohoe: The Deputy will be aware that we have already repaid early some 81 per cent of our IMF loan. This early repayment, which was completed in 2015, generates significant interest savings. It also reduces the refinancing requirement in the coming years as debt that was originally to mature over the period July 2015 – January 2021 has been replaced with longer-term debt. The...

Written Answers — Department of Finance: VAT Exemptions (23 Nov 2017)

Paschal Donohoe: I have been advised by the Revenue Commissioners that in accordance with the EU VAT Directive and CJEU case law, the provision of children’s or young people’s education and school or university education and the provision of training and development courses of a vocational nature are exempt from VAT. Where a school or academy is providing courses for educational or vocational...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (23 Nov 2017)

Paschal Donohoe: I am advised by Revenue that an application under the Drivers/Passengers with Disabilities Scheme was received from the person concerned on 15 November 2017 and that a Certificate of Approval will issue within the next week.

Written Answers — Department of Finance: Tax Rebates (23 Nov 2017)

Paschal Donohoe: I am advised by Revenue, following on from the reply to PQ 48659/17 which issued on 16 November, the person concerned has been in receipt of the Rent Tax Credit for all years since 2005. Therefore I can confirm that no additional refund is due.

Written Answers — Department of Finance: Tax Collection (23 Nov 2017)

Paschal Donohoe: I am advised by Revenue that the penalties to be applied in the case of persons who did not come forward by 4 May 2017 to make a qualifying disclosure and who have tax liabilities relating to offshore matters will be determined in accordance with Revenue’s Code of Practice for Revenue Audit and other Compliance Interventions. The rate of penalty in a particular case is determined by...

Written Answers — Department of Finance: Tax Collection (23 Nov 2017)

Paschal Donohoe: I am advised by Revenue that there are a number of obligations placed on financial institutions to provide information to Revenue in respect of offshore income sources and assets. Section 895 Taxes Consolidation Act (“TCA”) 1997 (with effect from 1 June 1992) places an obligation on intermediaries, including financial institutions, which act for or assist Irish residents in...

Written Answers — Department of Finance: State Aid Investigations (23 Nov 2017)

Paschal Donohoe: 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 has committed significant resources to ensuring this is achieved as quickly as possible whilst ensuring that the interests of the Irish...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (23 Nov 2017)

Paschal Donohoe: The Central Bank of Ireland (the Central Bank) does not regulate unregulated loan owners. The Central Bank therefore has no role in monitoring the methodology used by unregulated lenders to calculate mortgage arrears. However, the Central Bank is responsible for the regulationof bank lenders and non-bank lenders. This includes the monitoring of regulated entities’, including bank...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (23 Nov 2017)

Paschal Donohoe: I have been informed by the Central Bank that it has been advised of the introduction of some changes to the way monthly loan payments are calculated. The Central Bank advised me that it has been considering this issue, however due to statutory confidentiality requirements, the Central Bank may not publicly disclose much of its supervisory engagement with individual firms.

Written Answers — Department of Finance: Financial Services Ombudsman Data (23 Nov 2017)

Paschal Donohoe: Given the breadth and number of both financial services and products and the conducts complained of by consumers, I understand that it is not possible for the Financial Service Ombudsman to capture and categorise the detailed nature of each complaint to him. I have been informed that the Financial Services Ombudsman's Bureau does not currently capture data at the level...

Written Answers — Department of Finance: Mortgage Data (23 Nov 2017)

Paschal Donohoe: The Central Bank has informed me that it has been considering this issue but is not in a position to release supervisory information regarding any institution. Due to statutory confidentiality requirements, the Central Bank may not publicly disclose much of its supervisory engagement with individual firms. In particular, the Central Bank can, generally speaking, only disclose such...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (23 Nov 2017)

Paschal Donohoe: The Central Bank of Ireland (the Central Bank) does not regulate unregulated loan owners. The Central Bank therefore has no authority to investigate and impose a fine on an unregulated loan owner. However, under the Consumer Protection (Regulation of Credit Servicing Firms) Act 2015 (2015 Act), if a firm who bought loans from an original lender is unregulated then the loans must be serviced...

Written Answers — Department of Finance: Motor Insurance Regulation (23 Nov 2017)

Paschal Donohoe: At the outset the Deputy should note that it was the Liquidator who commissioned actuarial consultants, Willis Towers Watson, to carry out an analysis of Setanta Insurance’s claims reserves as at 30 June 2017. The Liquidator sought this report for the purposes of internal management reporting and to assist in determining the potential shortfall in assets available to cover the...

Written Answers — Department of Finance: Motor Insurance Regulation (23 Nov 2017)

Paschal Donohoe: The failure of Setanta Insurance in 2014 and the uncertainty that followed over the compensation arrangements for claimants highlighted weaknesses in the existing insurance compensation framework in Ireland. Following the placing of Setanta into liquidation, legal proceedings commenced between the Law Society of Ireland and the Motor Insurers Bureau of Ireland. In May of this year, the...

Written Answers — Department of Public Expenditure and Reform: Community Employment Schemes Supervisors (23 Nov 2017)

Paschal Donohoe: At the most recent meeting of the Community Sector High Level Forum, in April of this year, my Department outlined its intention to conduct a detailed scoping exercise in order to comprehensively examine and assess the full potential implications of the issues under consideration. In considering the particular matter referred to, regard must be had to the costs and precedent of such an...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: I will conclude briefly. I never said that any Opposition Deputy was anti-jobs. I simply said that Deputy Boyd Barrett and Deputy Murphy never mentioned them. I simply made the point that Deputy Doherty gave jobs a passing reference. That is what I said. I do not base my arguments on appeals to patriotism. I believe we should be able to openly critique and debate policy. However, we...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: He suggested we could double our revenue by doubling the rate.

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Paschal Donohoe: The idea that we would be able to make significant changes in the tax code, as has been suggested by Deputy Murphy and Deputy Boyd Barrett, but not create opportunities that would be used by others to affect the share of jobs and investment in our country does not reflect the kind of world that Ireland is competing in.