Results 321-340 of 1,718 for long speaker:Paschal Donohoe

Seanad: Finance Bill 2021: Committee and Remaining Stages (14 Dec 2021)

Paschal Donohoe: ...in the Dáil, Deputy Pearse Doherty noted correctly that relief in respect of rent paid by private tenants was previously available. However, as I explained, it was abolished in budget 2011 and it is no longer available to those who commenced renting for the first time from 8 December 2010 onwards. This was on foot of a recommendation in the 2009 report by the Commission on Taxation...

Seanad: Finance Bill 2021: Committee and Remaining Stages (14 Dec 2021)

Paschal Donohoe: ...concrete. If the Leas-Chathaoirleach goes to Dominick Street, he will see the quality of the accommodation that is being built by Dublin City Council and people who have been waiting for a home for too long, which I accept, now moving into accommodation and apartments that are of extraordinary quality, as they should be.As a rich country, which we are, and with the national income growth...

Seanad: Finance Bill 2021: Committee and Remaining Stages (14 Dec 2021)

Paschal Donohoe: ...the vision for integrated development and proper planning that I want to see replicated all over the country. There is an extraordinary higher level institution and place of learning that benefits all. It took a long time to do but that is what can be done and we need to do the same with housing.

Written Answers — Department of Finance: Tax Code (14 Dec 2021)

Paschal Donohoe: ...states are not permitted to apply a VAT rate lower than the standard rate to building materials. By way of special derogation from the general rule, however, Ireland is permitted to continue its long-standing practice of applying a reduced rate, currently 13.5%, to the supply of ready-to-pour concrete and certain concrete blocks but there are strict restrictions on this derogation,...

Written Answers — Department of Finance: Energy Prices (14 Dec 2021)

Paschal Donohoe: ...bills permanently is through improving the energy efficiency of their home. The Government is providing a record level of support for energy efficiency this year. This will continue in 2022 with further investment. In the long run, the best way to protect Ireland from the impact of international fossil fuel prices is to reduce our dependence on them. We will achieve this through the...

Written Answers — Department of Finance: Tax Reliefs (9 Dec 2021)

Paschal Donohoe: ...under the auspices of the TSG and the fundamental points which the TSG paper raises. To address the Deputy’s specific question relating to the fair tax treatment of cross-border workers, I would note that it is a long-standing principle of the tax code that if an individual is resident in Ireland, he/she is liable to pay tax in Ireland. In the event that an individual does not...

Written Answers — Department of Finance: Financial Services (7 Dec 2021)

Paschal Donohoe: ...to investigate a complaint, including in relation to time limits, the question must be determined by the Ombudsman. The time limits set out in the Act state that a complaint that does not relate to a “long-term financial service” within the meaning of the legislation, shall be made to the Ombudsman not later than 6 years from the date of the conduct giving rise to the...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: ...legislation and to put in place the work that needs to happen on the ground by agencies to respond to this issue and to ensure it is dealt with as quickly as possible because those who are affected by this have had a long time to wait. While this measure is not a Finance Bill measure, Deputy Doherty, as is his right, and as he has done at other points, has brought forward the issue of...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: ...is necessary to undertake a report as proposed by the Deputies. Therefore, I do not intend to accept this amendment. I would like to make a broader point to Deputy Boyd Barrett. I recognise his long-standing interest in this issue, and the role he has played in bringing progress about. The sector is making much progress on issues that are of concern to the workers who have raised...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: ...referred to the debt situation the country is in and described it as "scary". While the level of debt we hold is much higher than it was in the pre-pandemic period, our debt is now on average funded for a long period and at a low interest rate, which means that if the country continues to reduce our level of borrowing, we will over time reduce the impact of the debt on our country. While...

Finance Bill 2021: Report Stage (1 Dec 2021)

Paschal Donohoe: ...rent and call home in a few years' time. I experience all of those pressures. I see the anxiety and the worry in the eyes of renters and tenants who come to me concerned about their future. The long-term answer to how we make progress on these issues, and the way in which we do it, is by building more homes. That is the answer to it. I was struck by a phrase that Deputy Doherty...

Finance Bill 2021: Report Stage (1 Dec 2021)

Paschal Donohoe: ...the campaign, but I stand by the indication I gave earlier that there are important issues of equity here. Someone who is resident here in Ireland is liable to pay tax here in Ireland. This is a long-standing principle upon which our personal taxation code and system have been based. I will continue to monitor the issue. I believe we will get to a point where Covid is no longer the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021: Committee Stage (25 Nov 2021)

Paschal Donohoe: I expect that it would contain commitments as to how borrowing would be reduced and over how long a period. Then it would be up to the ESM and the member state engaging with the ESM what level of detail it would go into as to how that borrowing would be reduced.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: ...reason we have a run-in period for it. The Deputy began his questioning by asking why can we not do this more quickly. The reason we must have a run-in period, which the Deputy considers is too long, is to give these kinds of indications to landowners. This will be a very broadly applicable tax and, in particular, time will be needed for the appeals process. The reason we need a run-in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (18 Nov 2021)

Paschal Donohoe: ...to increase the supply of homes for rent or purchase to meet demand. However, before introducing such a tax, it is vital to have a sound understanding of the quantity, locations and characteristics of long-term vacant properties and the reasons they are vacant. This is the reason the housing for all strategy includes an action for my Department to collect data on vacancy with a view to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: ...prove to be technically incorrect at a later point. Section 31 is very lengthy and introduces highly complex new requirements to the corporation tax code. With the permission of the committee, I will speak a little longer on this than I normally would so the Oireachtas is fully informed of what I am doing and why. Section 31 introduces a new interest-limitation rules as required by the EU...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: ...matters previously dealt with by regulation. It was subsequently discovered that the new legislation unintentionally created a discrepancy between the definition of eligible expenditure and the long-standing practice in the industry. Payments in respect of self-employed individuals providing a labour-only service had always been treated as qualifying for section 481 relief and this...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: ...there is consumer demand for technologies the price will fall over time. Take technologies that have become commonplace in our homes, such as televisions or phones. The price of technologies that were prohibitively expensive not too long ago have fallen as demand increased and as the private sector, enabled by governments, responds to that demand. I accept that electric vehicles and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: ..., over a few budgets. It has more than tripled at a time when we can see uncertainty surrounding the demand for commercial property in the future. How structural that uncertainty will be and how long it will last I do not know at this point, but the reason I decided not to introduce a further change to stamp duty on commercial property in this budget was that I felt there is enough...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: ..."Yes". This is not just a promise for the future. Rather, it is the reality of what is happening now. It is the reality of this Government, despite our construction sector being closed for so long due to a pandemic, now having 8,750 social and public homes on site. That is our track record. That is what we are doing. Any debate on the role of funds in developing more apartments has...