Results 22,221-22,240 of 34,135 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Data (17 Jan 2018)

Paschal Donohoe: I am advised by Revenue that the estimated cost of a 1 per cent reduction in Capital Gains Tax (CGT) and Capital Acquisitions Tax (CAT) is as shown in the ready reckoner published at  www.revenue.ie/en/corporate/information-about-revenue/statis tics/ready-reckoner/index.aspx. These show a full year cost of €14m for every 1% reduction in CAT and €34m for the same...

Written Answers — Department of Finance: Household Debt Statistics (17 Jan 2018)

Paschal Donohoe: The Central Bank has been able to provide me with the following available data on new spending during the year on personal credit cards: 2015: €8.2 billion 2016: €8.3 billion 2017 to Nov: €7.8 billion I understand that further information on credit card numbers, sector of spend, and debit card spend and card numbers are available from the Credit and Banking...

Written Answers — Department of Finance: Capital Expenditure Programme Review (17 Jan 2018)

Paschal Donohoe: For the purposes of the capital review the Department of Public Expenditure and Reform looks at the Finance Vote Group. There are 4 Votes in the Finance Group: The Department of Finance, the Office of the Revenue Commissioners, the office of the Comptroller and Auditor General, and the Tax Appeals Commission. Following the Mid-Term Review of the Capital Plan, the Department of Finance...

Written Answers — Department of Finance: Departmental Data (17 Jan 2018)

Paschal Donohoe: The Department takes any claims of bullying and/or harassment very seriously and any such claim are dealt with under the Dignity At Work policy. The Department had 1 claim of bullying and/or harassment made between 2011 and 2017. This case underwent independent investigation however the result is confidential. The Department has provided copies of the Dignity at Work...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (17 Jan 2018)

Paschal Donohoe: As the Deputy is aware, the Central Bank’s regulatory mandate is to ensure the proper and effective regulation of financial institutions and markets, while ensuring that the best interests of consumers of financial services are protected. The tracker mortgage examination is being conducted by the Central Bank pursuant to this statutory mandate with a view in particular to ensuring the...

Written Answers — Department of Finance: VAT Rebates (17 Jan 2018)

Paschal Donohoe: I am advised by the Revenue Commissioners that section 99(4) of the Value-Added Tax Consolidation Act, 2010 provides that a claim for a refund of VAT must be made within four years after the end of the taxable period to which it relates. Section 99(6) of the Act prohibits Revenue from refunding any amount of tax except as provided for in the legislation; therefore there is no...

Written Answers — Department of Public Expenditure and Reform: Community Employment Schemes Supervisors (17 Jan 2018)

Paschal Donohoe: An issue which has been under discussion by the Community Sector High Level Forum relates to community employment supervisors and assistant supervisors who have been seeking, through their union representatives, the allocation of Exchequer funding to implement a Labour Court recommendation relating to the provision of a pension scheme. At the April meeting of the Forum, my Department...

Written Answers — Department of Public Expenditure and Reform: Capital Expenditure Programme Review (17 Jan 2018)

Paschal Donohoe: As outlined to the Deputy in my response to his previous parliamentary question on this matter, the capital review was published on 14 September 2017 and I believe that all members of the Oireachtas received a hard copy on that date. To recap, the review of the Capital Plan highlighted some key themes which will closely inform and be incorporated into the analysis leading to...

Written Answers — Department of Public Expenditure and Reform: Departmental Data (17 Jan 2018)

Paschal Donohoe: Since 2011, one complaint of sexual harassment has been lodged within my Department and I can advise the Deputy that my Department's policy is that all complaints of bullying or sexual harassment are fully investigated by qualified investigators. The Department does not comment on individual cases and all parties are advised and assured of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: My apologies for that. I will make sure that, in all my other appearances before the committee in the coming year, the members will get my statement when they need it and when I have seen it, as has been the case in the past. I thank the committee for the opportunity to be here to deal with both the tracker mortgage issue and the Our Public Service 2020 initiative. I acknowledge the work...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: In answering the Deputy's question, I will reiterate a point I made when I debated this matter with him and the rest of the committee towards the end of last year, namely, that there are two issues that I find unacceptable about the way this matter has been handled to date. The first is the root cause of this, that is, the behaviour that led to people being treated wrongly and unfairly at...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: On the deadline I have set in regard to conclusion of the matter overall, I have referred to March in the different statements I have made on the matter but I stress that my strong view is that everybody should be given both redress and an initial offer of compensation as soon as possible. From the information I have received from a number of the banks, they are meeting the deadlines set...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I am speaking as a Minister who has a particular responsibility for the agency that is carrying out the investigation into this matter, namely, the Central Bank, which is independent of me. What I cannot do at this stage is prejudge the ruling or findings it may make but I will make two points. On foot of all I have seen on this matter in recent months, as well as my engagement with the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: The two remaining State-appointed directors on the Bank of Ireland and AIB have recently retired. I have not had engagement with those directors on this issue. On this issue I engage directly with the chairs and chief executives of the banks, because I believe this is an issue of such importance that I will communicate directly with the chairperson of the board and the chief executive of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: We do not have directors on the boards of AIB or Bank of Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: My recollection is that this has been the case since the end of last year. However, I will come back to the Chairman if I am wrong in that recollection.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: We do not have a director there. This was a decision that was made by my predecessor. We did not replace the previous public interest director on the board of PTSB. I cannot give the committee the date on which that post became been vacant.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: The primary interests of individuals on the boards of these banks is to meet their obligations to that bank as directors. I will be defining the terms of reference of those director roles myself, because I have a strong view on the kind of individuals required and the needs we must meet on the board. We will then advertise for these roles, as I have said. I also plan to make use of other...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: Yes, I will do so.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: That is the case. When I responded to Deputy McGrath, I used the word "directors". The public interest directors were tied into emergency legislation, as the Deputy correctly noted. What I am looking to do is appoint directors who are nominated by the Government to the boards of these banks.