Results 22,861-22,880 of 32,960 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Reliefs Data (11 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 94 and 95 together. Real Estate Investment Trusts (REITs) are collective investment vehicles designed to hold rental investment properties in a tax neutral manner. They are focused on long-term holding of income-producing property as opposed to short term speculative gains. The function of the REIT framework is not to provide an overall tax exemption,...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Capital (11 Sep 2017)

Paschal Donohoe: As at 31 July 2017, the value of the Ireland Strategic Investment Fund (ISIF) Discretionary Portfolio was €8.5 billion, of which the Fund has committed €2.9 billion to investments in Ireland.  The balance of €5.6 billion is available for investment, as opportunities which meet the Fund’s mandate arise.  As set out in the Summer Economic...

Written Answers — Department of Finance: Corporation Tax Regime (11 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 99 and 236 together. Notwithstanding the appeal in the Apple State Aid case and the difference in view between Ireland and the Commission on the issue, the Government is committed to complying with the binding legal obligations the Commission’s Final Decision places on Ireland.  Apple therefore must be deprived of the benefit of the alleged aid...

Written Answers — Department of Finance: Lobbying Data (11 Sep 2017)

Paschal Donohoe: As the Deputy will be aware, the requirements to file returns with the Companies Registration Office is set out in company law. My colleague the Tánaiste and Minister for Jobs, Enterprise and Innovation has responsibility for company law and any amendments to it, including those amendments included in the Companies (Accounting) Act 2017. My Department received a small number of...

Written Answers — Department of Finance: Tax Data (11 Sep 2017)

Paschal Donohoe: My Department’s latest official forecast is €7.7 billion and €8.0 billion in respect of corporation tax receipts for 2017 and 2018 respectively. This was projected as part of the overall forecasts in the recent Summer Economic Statement 2017. However, as the Deputy will appreciate, all tax-heads will be reviewed as part of annual budgetary process....

Written Answers — Department of Finance: European Banking Authority (11 Sep 2017)

Paschal Donohoe: The European Banking Authority (EBA) is an independent EU Authority which works to ensure effective and consistent prudential regulation and supervision across the European banking sector. Its overall objectives are to maintain financial stability in the EU and to safeguard the integrity, efficiency and orderly functioning of the banking sector. The main task of the EBA is to contribute...

Written Answers — Department of Finance: Tax Data (11 Sep 2017)

Paschal Donohoe: The most recent figures for personal tax take, total tax take and modified GNI (GNI*) were released in July of this year as part of the CSO National Income and Expenditure Annual Results 2016 and Government Income and Expenditure (July 2017 Results). The data are collated and reproduced in the table following for the Deputy’s convenience. 2016 ESA Code €million % GDP % GNI*...

Written Answers — Department of Finance: Disabled Drivers Grant Eligibility (11 Sep 2017)

Paschal Donohoe: The Disabled Drivers and Disabled Passengers Scheme provides relief from VAT and Vehicle Registration Tax, an exemption from motor tax and a grant in respect of fuel expenditure, on the purchase of an adapted car for transport of a permanently and severely disabled person within the terms of the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1994. The...

Written Answers — Department of Finance: Departmental Staff Data (11 Sep 2017)

Paschal Donohoe: I wish to inform the Deputy that the information provided is in respect of the Department of Finance. In the years 2015 to June 2017 there were 4 political staff employed by my predecessor Deputy Michael Noonan, and the Deputy will find a list of their roles and annual salaries in the table following. The Personal Assistant worked in Deputy Noonan's Constituency Office in Limerick. ...

Written Answers — Department of Finance: VAT Yield (11 Sep 2017)

Paschal Donohoe: VAT is guided by the EU VAT Directive, with which Irish VAT law must comply. In Ireland sanitary towels and tampons are charged to VAT at the zero rate.  As such, no VAT is collected on the sale of these sanitary products.

Written Answers — Department of Finance: Pensions Reform (11 Sep 2017)

Paschal Donohoe: I am advised by Revenue that the Taxes Consolidation Act 1997 provides flexible options at retirement that are available in respect of all benefits from Defined Contribution (DC) retirement benefit schemes and other pension savings. They are also available to members of defined benefit (DB) schemes who are proprietary directors in respect of retirement benefits from their main scheme and...

Written Answers — Department of Finance: Revenue Commissioners Resources (11 Sep 2017)

Paschal Donohoe: I am advised by Revenue that they received almost 2.7 million telephone calls on their 1890 services in 2016.  These calls were handled by staff in various locations throughout the country.  From Revenue's perspective, and in particular to deliver the quality, predictability and reliability of service to which they are committed,  it is essential to have a telephone system that...

Written Answers — Department of Finance: Tax Code (11 Sep 2017)

Paschal Donohoe: I understand that the Central Bank has clearly set out its expectations of lenders to provide appropriate redress and compensation to affected customers in its document “Principles for Redress” dated December, 2015. The principles provide, inter alia, that “Any tax liability that impacted customers may incur as a result of the relevant issue in or respect of any...

Written Answers — Department of Finance: Budget 2018 (11 Sep 2017)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Departmental Staff Data (11 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 111 and 112 together. The number of women and men respectively employed in the Department of Finance, by grade, at 31 August, 2017 are shown in the table below: There are no posts at Second Secretary General or Deputy Secretary General level in the Department of Finance. Grade Male Female Total Secretary General 1 0 1 Assistant Secretary 5 0 5...

Written Answers — Department of Finance: Knowledge Development Box (11 Sep 2017)

Paschal Donohoe: I am advised by Revenue that the Knowledge Development Box (“KDB”) was introduced with effect from 1 January 2016. The earliest Corporation Tax returns claiming the KDB would therefore be 2016 returns, the bulk of which are not due to be filed until later this year. When these returns have been filed and subsequently processed and analysed, Revenue will be in a position to...

Written Answers — Department of Finance: Corporation Tax (11 Sep 2017)

Paschal Donohoe: In September last year, the Government decided to arrange for a review of Ireland’s corporation tax code by an independent expert, Mr Seamus Coffey. The decision was taken with a view to ensuring that Ireland’s corporation tax code meets the new international tax standards while remaining competitive in a growing economy. On 30 June 2017, Mr Coffey submitted...

Written Answers — Department of Finance: Tax Avoidance (11 Sep 2017)

Paschal Donohoe: The Multilateral Instrument will modify existing bilateral tax treaties to bring them into line with new international best practices agreed as part of the OECD BEPS initiative.  Over 70 countries, including Ireland, have already signed up to this Multilateral Instrument.   The Multilateral Instrument must be ratified by Ireland before it can come into effect and amend any of...

Written Answers — Department of Finance: Tax Avoidance (11 Sep 2017)

Paschal Donohoe: The Anti-Tax Avoidance Directive was agreed by Member States in June 2016 to implement a number of the OECD BEPS recommendations within the EU.  In February 2017, Member States agreed to amend the Directive to strengthen certain aspects of the rules in relation to hybrids mismatches.  Ireland will be required to implement the Anti-Tax Avoidance Directives by way of primary...

Written Answers — Department of Finance: Brexit Issues (11 Sep 2017)

Paschal Donohoe: I propose to take Questions Nos. 117, 118, 160 and 214 together. The Government’s position in relation to the border with Northern Ireland in the context of Brexit is very clear.  Continued freedom of movement, absence of a ‘hard’ border, and protection of the Good Friday Agreement are key objectives for the Irish Government. The arrangements that will apply...