Results 261-280 of 1,718 for long speaker:Paschal Donohoe

Written Answers — Department of Finance: Defective Building Materials (26 Apr 2022)

Paschal Donohoe: ..., to recommend 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 report is due to be completed by Q2 2022. I understand that, as part of the working group’s deliberations, the group are...

Written Answers — Department of Finance: Fiscal Data (7 Apr 2022)

Paschal Donohoe: ...nature outlined in the Deputy’s request. However, my Department published a report entitled Population Ageing and the Public Finances in Irelandlast September. Included in this publication are long-term simulations of the impact of age-related expenditure on the deficit and debt ratios under a hypothetical, no-policy change scenario. This exercise assumes non-age related expenditure...

Written Answers — Department of Finance: Tax Data (6 Apr 2022)

Paschal Donohoe: ...integration of our Internal Energy Market and for providing investment signals for the integration of new renewables, which are essential to ultimately break our dependence on fossil fuels. The best long-term approach for Ireland to insulate consumers from volatility on international wholesale energy markets is to invest in energy efficiency and renewable energy. Cutting our dependence on...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Paschal Donohoe: ...of 9 March. That financial resolution provided for a temporary reduction in the excise rates for auto fuels amounting to 20 cent for petrol and 15 cent for diesel motor fuels, with a proportionate 2 cent reduction in excise on marked gas oil. These reductions were provided for in recognition by the Government of the impacts of the current fuel price increases on households and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Committee Stage (6 Apr 2022)

Paschal Donohoe: ...needed clarification with regard to our marine foreshore and its licensing and planning. The legislation the Minister of State, Deputy Burke, brought forward had been years in the making, has been long called for, and has now happened. I hope that lays the foundation for making the kind of progress the Deputy wants to see happen.

Written Answers — Department of Finance: Tax Data (5 Apr 2022)

Paschal Donohoe: ...may accrue a direct tax liability, including the following: - Any non-rental property profits are subject to corporation tax and capital gains tax in the normal manner. - As REITs are designed to encourage long term property investment, there are anti-avoidance rules to prevent REITs being used as property development vehicles. If a REIT acquires an asset and following that acquisition,...

Written Answers — Department of Finance: National Asset Management Agency (31 Mar 2022)

Paschal Donohoe: ...Other than a small number of staff re-assigned from other functions within the NTMA, NAMA staff are typically employed on the basis of specified purpose contracts i.e. their employment lasts for as long as NAMA requires their particular function. Staff assigned to NAMA generally have a 3-month notice period and garden leave provision in their contracts. While NAMA is not obliged to...

Written Answers — Department of Finance: Inflation Rate (31 Mar 2022)

Paschal Donohoe: ...’ burden of the outstanding stock of public debt in the short-term. On the other hand, the impact of rising inflation increases the risks related to the trajectory of the debt-to-income ratio and the long-term sustainability of the public finances. Firstly, significant rates of inflation can lead to slower economic growth by increasing business and household costs and...

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (24 Mar 2022)

Paschal Donohoe: ...the development of our banking sector, whether it be the digital providers to which the Deputy has referred or, for example, Sparkassen and the community banking needs that have been debated for so long. We will invite them all to a public event and seminar to hear their views and integrate them into the work we are doing. The Deputy is right that huge change is under way in our...

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (24 Mar 2022)

Paschal Donohoe: I genuinely acknowledge the interest of Deputy Boyd Barrett in raising matters on the taxi sector for so long, particularly during the pandemic, and I know that they have had a very hard time. I cannot give the Deputy the commitment he is looking for. The reason we brought in the particular measure referred to was because of the impact that would have resulted from the haulage sector not...

Ceisteanna ó Cheannairí - Leaders' Questions (24 Mar 2022)

Paschal Donohoe: ...we cannot do all the Deputy and many of he rest of us want us to do, what we are doing is trying to help each part of the economy in a way that we are confident that we can afford to do for as long as we need to. We are doing so in order to respond to the cost-of-living challenges people are facing and to respond to new challenges we may have to deal with as the year goes on. The...

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (24 Mar 2022)

Paschal Donohoe: ...nurses, doctors, consultants and all who support them in their efforts as they battle again with the impact of this disease and with all the healthcare needs that so many people have had for so long, particularly elderly citizens. We recognise how challenging this is for those who need care, but that is why the Government has done a number of things. First, it is why since 2018 the...

Ceisteanna ó Cheannairí - Leaders' Questions (24 Mar 2022)

Paschal Donohoe: ...European Union. The very capacities and policies that we are now using to respond to this humanitarian crisis are the same that Deputy Murphy campaigned against, and has been against, for so long. From a humanitarian and defence point of view, the Government is responding in a way that is consistent with our policies and values. The Government has acknowledged that in a world that is...

Written Answers — Department of Finance: Fuel Prices (22 Mar 2022)

Paschal Donohoe: ...to note that a significant portion of carbon tax revenue is allocated for expenditure on targeted welfare measures and energy efficiency measures, which not only support the most vulnerable households in society but also in the long term, provide support against fuel price impacts by reducing our reliance on fossil fuels.  The Government recognises the impacts of the current fuel...

Written Answers — Department of Finance: Tax Credits (22 Mar 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 2022. Separately, my Department's Tax Expenditure Guidelines are clear that a tax-based intervention should only be...

Written Answers — Department of Finance: Fuel Prices (22 Mar 2022)

Paschal Donohoe: I am advised by Revenue that arising from an employee’s entitlement to a tax deduction under section 114 of the Taxes Consolidation Act 1997, in respect of certain expenses, there exists a long-standing Revenue practice under which employers may reimburse tax-free to employees the expenses of travel and subsistence relating to that travel, subject to certain conditions being fulfilled....

Financial Resolution: Excise (9 Mar 2022)

Paschal Donohoe: ...'s money to respond to this challenge. However, it is very important that we do what we can to make a difference by offering this help. This €320 million over the coming months will reduce the cost of a tank of petrol or diesel by €9 to €12 at a time when the Government knows further changes are likely. I will now speak to the amendments tabled by the Opposition....

Written Answers — Department of Finance: Ukrainian War (9 Mar 2022)

Paschal Donohoe: ...its obligations, as an EU member, that arise for all EU members from these autonomous restrictive measures. Adopting strong sanctions packages which should have a strong deterrent effect and long lasting impact on the Russian economy. EU sanctions announced to date in response to the situation are already the most extensive ever, including in relation to disconnection of...

Written Answers — Department of Finance: Ukrainian War (9 Mar 2022)

Paschal Donohoe: ...Action Task Force (FATF) , which sets global standards in the area of anti-money laundering and combating the financing of terrorism, has recently completed a revision of its Recommendation on the beneficial ownership of legal persons. As a long-standing member of that body, we will be working to ensure that our framework is aligned with these revisions. We are also continuing...

Written Answers — Department of Finance: Insurance Coverage (3 Mar 2022)

Paschal Donohoe: ...x2019;s Beating Cancer Plan, published last year, includes an initiative for 2021-2023 to “Address fair access for cancer survivors to financial services (including insurance), via a code of conduct and a reflection on long-term solutions”. My Department has examined this development, and will closely monitor any outputs from this work, as it continues to consider relevant...