Results 30,941-30,960 of 32,983 for speaker:Paschal Donohoe

Joint Oireachtas Committee on European Union Affairs: Future of Ireland and the European Union: Discussion (21 Feb 2013)

Paschal Donohoe: That is no problem. The third task the European Central Bank was charged with concerned the balance the payments. Is a core cause of the eurozone crisis that countries forgot about the balance of payments? Rather crudely, the balance of payments position is the test of whether a country will be solvent in the long run. There are countries running deficits left, right and centre, with no...

Joint Oireachtas Committee on European Union Affairs: Future of Ireland and the European Union: Discussion (21 Feb 2013)

Paschal Donohoe: I welcome our guests. I missed the beginning of Mr. McDonnell's presentation but I have read it in its entirety. Senator Reilly referred to further fiscal and economic integration. I am clear on what further economic integration would look like from a banking point of view and in the context of the ability of governments to finance their operations through eurobonds, etc. I am, however,...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: Could I ask Ms Feehily a brief question about that? I concentrated on a very specific area earlier on in my contribution but I looked at the chapters in preparation for the session. In respect of the point made by Deputy O'Donnell, the point is made in the chapter on Revenue outturns that in 2011, while 36,000 taxpayers paid corporation tax, 129 were accountable for two thirds of that tax....

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: They are not counted in the 129?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: I understand. I assume that the latter sentence relating to a large proportion of the losses would refer to banks.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: Is Revenue engaging with the banks and the Department of Finance concerning mortgage arrears and indebtedness? There will clearly be consequences as we emerge from this difficulty and the issue of mortgage arrears is dealt with in terms of the estimated future corporation tax yield from the same banks. If we are asking them to crystallise a loss and do something about it, that will have a...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: In terms of how this could be communicated to people - and I hope this exchange will play a role in informing people about it - is this something that can be included in the information campaign and something that can be made clear to citizens?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: Would that then be available to the public?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: Within that FAQ answer, some thought must be put into the issue of flood risk. I will give an example to illustrate my point. I met a lady recently whose property has not been flooded since 1954 but a property on a road around the corner from her has been flooded twice in the last decade. She cannot get any kind of insurance for her home now. Even though she has never been flooded and is...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: Will that information be included in the FAQ data?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: Yes, and within that we are recognising that flood risk is a significant factor. Just to develop this point further, a large proportion of the revenue raised through this tax will be redirected to the local authorities. That is the objective of a tax like this. I hope this will result in the realisation of how gigantic an issue this is across the State, where homeowners cannot get...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: I thank Ms Feehily for that clarification because this is a really important issue for many people. The lowest band of the property tax is between €0 and €100,000. When people are filling in the form and providing a response to the Revenue regarding the market valuation of their property, what proof must they send in?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: Nothing at all?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: Then what we are saying here is that if people have proof of their inability to obtain insurance due to flooding ---

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: They keep it and then they can use that to underpin the value they put forward if they are asked to provide proof by the Revenue Commissioners in the future.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: I thank Ms Feehily. That is a very helpful clarification. In terms of people supplying information to qualify under the financial hardship conditions, I know Ms Feehily is slightly restricted in terms of what she can say at the moment. However, she made a point regarding the need for people to supply lots of information in order to meet the criteria. Is it not the case that an awful lot...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: I have no further questions but wish to thank Ms Feehily for the clarification on the flooding issue, which is really important. I look forward to seeing the booklet that includes the FAQ response that we have discussed here.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: If Revenue can put that on the website and include it in future editions of the booklet, that will go an awful long way towards allaying the concerns of many residents who are already having a terrible time.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: I am sure the Revenue Commissioners will do their best and putting it on the website will be an important first step.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Office of the Revenue Commissioners
Chapter 7 - Audit of Revenue 2011
Chapter 8 - Revenue Outturn 2011
Chapter 9 - Revenue Debt Collection
Chapter 10 - Increasing Tax Compliance (21 Feb 2013)

Paschal Donohoe: That is really important and if we can have the information included in a future edition, that would be great.