Results 2,521-2,540 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Tax Yield (27 Jun 2023)

Michael McGrath: I am advised by Revenue that the estimated yield from increasing the rate of stamp duty on non- residential property is published on page 19 of the Revenue Ready Reckoner, available on the Revenue website at: www.revenue.ie/en/corporate/documents/statistics/ready-recko ner.pdf While the exact changes sought by the Deputy are not provided, they can be estimated on a straight-line or...

Written Answers — Department of Finance: Tax Data (27 Jun 2023)

Michael McGrath: In order to estimate the potential revenue from a tax of the nature outlined in this question it would first be necessary to identify the net worth of Irish households at an individual level. I am informed by the Revenue Commissioners that they currently have no statistical basis for compiling estimates in relation to such a tax. Although an individual's assets and liabilities are declared...

Written Answers — Department of Finance: Tax Yield (27 Jun 2023)

Michael McGrath: I am advised by Revenue that the theoretical estimated full year cost of introducing these measures is provided in the table below. The Deputy should note, however, that a price cap of this nature would result in operators selling fuel at below cost which is not sustainable in any business. The estimates are based on the most recently available price information and do not take account of any...

Written Answers — Department of Finance: Tax Yield (27 Jun 2023)

Michael McGrath: I am advised by Revenue that the estimated full year yield for the proposed decrease in the earnings limit for occupational pension schemes, RACs and PRSAs can be found by consulting page 10 of the Revenue Ready Reckoner, published on the Revenue website at: www.revenue.ie/en/corporate/documents/statistics/ready-recko ner.pdf

Written Answers — Department of Finance: Tax Yield (27 Jun 2023)

Michael McGrath: I am advised by Revenue that the estimated yield from increasing the rate of Capital Gains Tax (CGT) is published on page 14 of the Revenue Ready Reckoner, available on the Revenue website at: www.revenue.ie/en/corporate/documents/statistics/ready-recko ner.pdf While the exact changes sought by the Deputy are not provided, they can be estimated on a straight-line or pro-rata basis. These...

Written Answers — Department of Finance: Tax Yield (27 Jun 2023)

Michael McGrath: While wholesale energy prices have fallen from the exceptional peaks in late 2021 and in 2022, energy policy, including increasing costs of energy supply and the taxation of profits, remains a matter of key concern to the Government. The cost of energy supply is complex and there are many factors which must be considered including energy security, rising input costs, costs to consumers...

Written Answers — Department of Finance: Tax Data (27 Jun 2023)

Michael McGrath: As the Deputy will be aware, the Programme for Government, “Our Shared Future”, states that “From Budget 2022 onwards, in the event that incomes are again rising as the economy recovers, credits and bands will be index linked to earnings. This will be done to prevent an increase in the real burden of income tax, to prevent more low income workers being taken into the tax...

Written Answers — Department of Finance: Departmental Bodies (27 Jun 2023)

Michael McGrath: Following the resignation of all previous DDMBA members in November 2021, I had hoped that a new DDMBA would have been established by now and that the appeals process would have recommenced. You should note that five members are legislatively required for a functional Board, however the recruitment of these members has proved to be challenging. In this regard, four expressions of interest...

Written Answers — Department of Finance: National Treasury Management Agency (27 Jun 2023)

Michael McGrath: I propose to take Questions Nos. 233 and 234 together. The Ireland Strategic Investment Fund (ISIF) portfolio is constructed within the legislative framework set for it by the Oireachtas. ISIF endeavours to be a responsible investor, actively integrating ESG factors into its decision-making processes with a view to enhancing the overall outcomes for the Fund and ultimately its beneficial...

Written Answers — Department of Finance: Customs and Excise (27 Jun 2023)

Michael McGrath: I am advised by Revenue that no additional excise duty applies to goods being shipped through the United Kingdom to the State from another Member State. Revenue advise that where goods, which are subject to excise, such as alcohol or tobacco, are shipped through the UK for commercial purposes a Customs procedure called Transit is used which allows these goods to be moved across...

Written Answers — Department of Finance: Banking Sector (27 Jun 2023)

Michael McGrath: As Minister for Finance, I do not have a direct function in the operations of any bank. Although the State is a shareholder in some of the banks operating in the State, they must be run on a commercial and independent basis, and their independence in this regard is protected by the relationship agreement. Provision 4.54 of the Central Bank's Consumer Protection Code (the Code) requires that...

Written Answers — Department of Finance: Construction Industry (27 Jun 2023)

Michael McGrath: As the Deputy is aware, arising from a November 2021 Government decision that a levy be imposed on the construction sector to contribute towards the cost of the Mica Redress Scheme, the Defective Concrete Products Levy was announced in the Budget 2023 speech. As part of the work undertaken on the impact that the levy could have on the construction sector the Department of Housing, Local...

Written Answers — Department of Finance: Insurance Coverage (27 Jun 2023)

Michael McGrath: Government is aware that a small number of activity-related sectors are currently facing difficulty in terms of affordability and availability of insurance. As the Deputy will be aware, neither Government nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products, nor do we have the power to direct insurance companies to provide cover to specific...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (22 Jun 2023)

Michael McGrath: I absolutely understand the anxiety and enormous stress that the families concerned are having to endure at the moment while facing this uncertainty. Our focus as a Government is to try to protect and save the jobs. Deputy Tóibín has acknowledged the engagement of the Ministers, Deputies Coveney and Humphreys. The Minister, Deputy Donohoe, and I are there to assist in any way we...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (22 Jun 2023)

Michael McGrath: I will take Deputy Guirke's question and the Minister of State at the Department of Health, Deputy Butler, will take Deputy O'Dowd's question. Regarding the 75 workers who operate the 999 call service, I am sorry to hear that these issues have arisen. We have well-established processes in Ireland for dealing with disputes and issues around pay, terms and conditions and so on, primarily...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (22 Jun 2023)

Michael McGrath: I would be happy to work with the Deputy on that if he could provide me with the details. It seems strange that the funding has ended at this point in the year. We have to do whatever it takes to ensure that the people in Beara with intellectual disabilities can continue to access the CoAction programme. If the Deputy can provide the details to my office, I will personally follow up on the...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (22 Jun 2023)

Michael McGrath: There is an issue, one accentuated by the fact that the HSE has recruited approximately 20,000 people in the past three years. While that recruitment is welcome, it has a consequence, especially given the tightness in the labour market and the shortage of people with the necessary skills and experience. We are examining the sections 38, 39, 56 and 10 issue. In the case of hospices, the...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (22 Jun 2023)

Michael McGrath: While I do not have a specific update on the primary care centre for Tullow or the minor injuries unit, I will ask the Minister, Deputy Stephen Donnelly, to revert to Deputy Murnane O'Connor. We want to see the primary care centre developed quickly because we know the role played by such centres all over the country in reducing pressure on the acute hospital system. My understanding is that...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (22 Jun 2023)

Michael McGrath: The first point I should make is that, under the NAMA Act, NAMA has to make its decisions independently and on a commercial basis. It has to get the best commercial return. NAMA has played an important role in facilitating housing delivery and supply across Ireland, so I will make inquiries on this specific issue, but it does not fall to me to give NAMA a direction regarding a particular...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (22 Jun 2023)

Michael McGrath: The report and discussion we had at Cabinet on Tuesday were positive. There is a need for additional places in the areas identified in the Higher Education Authority, HEA, report. It is now for the HEA, the Department of Further and Higher Education, Research, Innovation and Science and the other line Departments that the Deputy referenced, primarily the Departments of Health and Children,...