Results 241-260 of 1,718 for long speaker:Paschal Donohoe

Written Answers — Department of Finance: Defective Building Materials (10 May 2022)

Paschal Donohoe: ...mechanisms for resolving defects and, to consider financing options in line with the Programme for Government commitment to identify options for those impacted by defects to access low-cost, long-term finance. A final paper is due to be completed by Q2 this year. Separately, my Department's Tax Expenditure Guidelines are clear that a tax-based intervention should only be considered...

Written Answers — Department of Finance: Tax Code (10 May 2022)

Paschal Donohoe: ...to individuals and businesses, assisting them with their cash-flow during the difficult trading periods associated with the COVID-19 pandemic.  The objective of the scheme is to support the long-term economic viability and survival of the participants/businesses concerned.  The Deputy will be aware that under the scheme, participants can temporarily ‘park’ certain...

Written Answers — Department of Finance: Universal Social Charge (10 May 2022)

Paschal Donohoe: ...IMF, the OECD and the ESRI. In my view, a broad-based, progressive income tax system, where the majority of income earners make some contribution but according to their means, is the most fair and sustainable income tax system in the long term. As such, I have no plans to abolish the USC.

Written Answers — Department of Finance: Health Services (5 May 2022)

Paschal Donohoe: ...should be noted that tax relief may be claimed on the cost of qualifying health expenses, and these can be in respect of personal health expenses, those of a family member or any individual’s, as long as you paid for the medical expenses and provided you have paid tax in the relevant year. I am advised by Revenue that the taxpayer in question was below the entry point to tax and...

Committee on Budgetary Oversight: Stability Programme Update 2022: Minister for Finance (4 May 2022)

Paschal Donohoe: ...our economy at the same time. We expect to go back to a normal level of insolvency, which has been suppressed for a while, but what we have done is twofold. We have, first, run the supports for longer than many would have expected and, second, as Deputy Farrell will be aware, the Minister of State in the Department of Enterprise, Trade and Employment, Deputy Troy, has brought in two...

Committee on Budgetary Oversight: Stability Programme Update 2022: Minister for Finance (4 May 2022)

Paschal Donohoe: ...support. Even doing it for next year was a difficult process in terms of trying to form a view on that because of all of the different sources of uncertainty on who will come to our country, how long they will stay here for, their ability and on the many economic, medical and accommodation needs they will have. On the corporation tax forecast, Deputy Farrell is correct to say we have...

Committee on Budgetary Oversight: Stability Programme Update 2022: Minister for Finance (4 May 2022)

Paschal Donohoe: ...them in doing that. For those who want to change work or acquire new skills, the work the Minister is doing in apprenticeships and trying to support people going into new roles is essential, long overdue and he is delivering it. That is the work we must continue with.

Committee on Budgetary Oversight: Stability Programme Update 2022: Minister for Finance (4 May 2022)

Paschal Donohoe: ...I strongly believe it should always be the prerogative of the Government and the Ministers for Finance and Social Protection to decide what to do on budget day. In an environment in which not so long ago, we were at far lower levels of inflation than we are now, the changes that would happen if we were committed to automatic indexation, particularly of social welfare, would be of such a...

Written Answers — Department of Finance: Vacant Properties (28 Apr 2022)

Paschal Donohoe: ...used to assess the merits and impact of introducing a Vacant Property Tax. In considering the case for such a tax it is important to have a sound understanding of the quantity, locations and characteristics of long-term vacant properties. It is also essential to identify the reasons for vacancy, and whether this is long or short-term in nature. There may be genuine and acceptable...

Written Answers — Department of Finance: Housing Schemes (28 Apr 2022)

Paschal Donohoe: ..., to examine whether there is a continued role for Help-to-Buy and, if so, to present options on how such role might best be fulfilled in the most efficient and cost-effective manner in the medium to long term, including on the question of any transitioning. As part of the overall context, the review should draw on experience internationally and offer views in this regard as appropriate....

Written Answers — Department of Finance: Fiscal Policy (28 Apr 2022)

Paschal Donohoe: .... The role of the EU fiscal framework in tackling this investment gap is a complex question but one which I believe we must consider at both a national and European level, particularly in the context of the EU’s long-term strategy to move to an economy with net-zero greenhouse gas emissions by 2050. My officials and I will continue to actively engage in these discussions with our...

Written Answers — Department of Finance: Tax Code (28 Apr 2022)

Paschal Donohoe: .... A broad-based, progressive income tax system, where the majority of income earners make some contribution but according to their means, is the most fair and sustainable income tax system in the long term. The ‘Gini coefficient’ is a standard measurement of income inequality used internationally, whereby 0 represents a situation where all households have an equal income...

Written Answers — Department of Finance: Vacant Properties (28 Apr 2022)

Paschal Donohoe: ...used to assess the merits and impact of introducing a Vacant Property Tax. In considering the case for such a tax it is important to have a sound understanding of the quantity, locations and characteristics of long-term vacant properties. It is also essential to identify the reasons for vacancy, and whether this is long or short-term in nature. There may be genuine and acceptable...

Written Answers — Department of Finance: Small and Medium Enterprises (28 Apr 2022)

Paschal Donohoe: ...existing loan schemes to target those businesses that most need them. For example, the Department of Enterprise, Trade and Employment has commissioned a review of the Future Growth Loan Scheme, which is a long term lending scheme introduced to help SMEs access finance for strategic investment purposes. The findings from this work will help in informing future policy considerations in...

Written Answers — Department of Finance: Tax Code (28 Apr 2022)

Paschal Donohoe: ...for the purposes of determining whether any CAT is payable on a benefit. Where a person receives gifts or inheritances that are in excess of the relevant Group Threshold, CAT at a rate of 33% applies on the excess.  In the case of long-term cohabitants who are not related, the relevant Group Threshold is the Group C threshold, which is currently €16,250.  In addition to...

Written Answers — Department of Finance: Tax Code (27 Apr 2022)

Paschal Donohoe: ...’ applies such that there is no annual tax on income or gains arising to a fund but the fund has responsibility to deduct an exit tax in respect of payments made to certain unit holders in that fund. To prevent indefinite or long-term deferral of this exit tax, a disposal is deemed to occur every 8 years.  Where the offshore fund regime applies, the applicable tax treatment...

Written Answers — Department of Finance: Tax Code (26 Apr 2022)

Paschal Donohoe: ...for the VAT incurred on goods and services used in the course of their farming business by allowing them to charge a flat rate addition for their supplies of agricultural produce and services. This long-standing arrangement is provided for under Ireland’s VAT legislation and is permitted under the Directive.

Written Answers — Department of Finance: Tax Credits (26 Apr 2022)

Paschal Donohoe: ...appropriate mechanisms for resolving defects and, to consider financing options in line with the Programme for Government commitment to identifying options for those impacted by defects to access low-cost, long-term finance. A final paper is due to be completed by Q2 this year.   Separately, my Department's Tax Expenditure Guidelines are clear that a tax-based intervention should...

Written Answers — Department of Finance: Tax Code (26 Apr 2022)

Paschal Donohoe: ...out that properties vacated by their owners due to illness can be exempt from the charge. This exemption applies to a property which was occupied by a person as his or her sole or main residence and has been vacated by the person for 12 months or more due to long term mental or physical infirmity. An exemption may be available in situations where the property has been empty for less than...

Written Answers — Department of Finance: Tax Yield (26 Apr 2022)

Paschal Donohoe: ...the Government recognises the difficulties such rising costs can create and has therefore taken a range of measures, such as the €200 electricity credit and reductions in fuel excise duties, to support household incomes. More broadly, over the medium to long term, the best way to protect the livelihood of citizens and our economic interests from the impact of international...