Results 22,581-22,600 of 32,864 for speaker:Paschal Donohoe

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: As I said, I will deal with tax measures on budget day.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I am not expecting any change in net fiscal space.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: As budget day approaches and the matter is considered there can always be changes but I do not currently expect there to be any such change to the figure I have provided.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I cannot currently foresee that occurring.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: My attitude to the proposals in Mr. Coffey's report is the same as my views on other taxation matters I have discussed this afternoon, which is that I will consider such issues on budget day. Many matters in the report are worthy of consultation and I plan to announce such consultation process to begin on budget day through the international tax strategy papers that the Department publishes...

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: The answer to the Deputy's question is the same as that in respect of any other tax measure.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: Yes, it will. I am not complacent about the level of challenge our country faces. While it is very positive that there is now a focus on a transition period that has the potential to be as close as possible to the customs policy we have now, that has not yet been agreed. The big question is in respect of what will be at its far end. For those reasons, the budget and the work of every...

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I have received it, it is being considered in the context of the budget and I will publish it on budget day.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: It will be published.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: The necessary steps have been taken. Much work has been done on that scheme in the past year and some remains to be done over the next few weeks.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: Several commitments were made in that area. The rate of DIRT on deposit accounts is currently 39%. It was 41% between 1 January and the end of December 2016. I will consider the commitment made by Deputy Noonan but, whether it is a multi-annual commitment or one that has been given elsewhere, I must deal with it on budget day.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I am committed to introducing the sugar tax because it was a clear, principled commitment given in last year's budget but I will only do so if it is consistent with developments taking place in other jurisdiction because if I were to bring in a sugar tax in this jurisdictions and a similar levy were not in place elsewhere, all that business would be sourced outside of Ireland. In advance of...

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: The current VAT rates are 0%, 9%, 13% and 23% and they can only be applied on sectors. Irish law is constructed in such a way that, for example, the same VAT that applies to hotels applies to the service sector and, for example, newspapers.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I can think of a few taxes that would have more of an effect on their collection tomorrow than customs and excise tax. I will leave the decisions on cigarettes to budget day, but I am aware of the fact that the impact of plain packaging efforts to reduce the illegal supply of cigarettes into our country has changed the ability of that form of taxation to yield lots of additional money. If...

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: We did not say we were going to leave people unemployed, we simply-----

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: No, it does not. The summer economic statement lays out our forecasts for how we believe the economy is going to perform. We believe there is a possibility that the labour market could move to that level of employment. One person being unemployed is one person too many for me. However, at the peak of an artificially driven boom in our country, the unemployment rate was still 4.5%. As...

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: Deputy McGrath raised the issue of Brexit and we are having a look across all different parts of Government and agencies regarding policy choices we might make that might help our economy respond to Brexit. Agencies and all Departments are contacting me now to say what they want and I am trying to make decisions on the basis of the available funds for next year.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I was not aware of that commitment. It is my intention at the moment to publish it on budget day. I will have to check, and will check, to see if such a commitment was given in the past.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: If there is an amendment that reflects it-----

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: It is important when we are looking at reports to remember that what people need when they are making decisions on their home purchases is clarity and certainty regarding where choices are going to lead. I will reflect on what the Deputy has said but I do not want it to be the case that we publish a report in advance of when decisions are being made that might lead to some uncertainty for...