Results 3,401-3,420 of 32,527 for speaker:Paschal Donohoe

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: Excuse me. I apologise to the Dáil and to the Deputy in that regard. As he will be aware we operate a pension system where contributions and pension fund gains are exempt from income tax but income from pension drawdown is taxed. Where data is available in regard to the Exchequer cost of tax relief for pensions, it is publicly available and included in the Revenue Commissioners...

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: I have made the key points on this. The average level of income that is set aside as per differing levels of income within our economy is reasonably consistent at 3% to 6%. Many of the individuals to whom the Deputy is referring as the 1% play an important role in the generation of income, employment and important public services in our country and who through our progressive tax code pay a...

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: As the Deputy and the House will be aware, mortgage interest relief for principal private residences was phased out on a gradual basis over the period between 2009 and 2020. The decision to abolish this relief was taken in the wake of the financial crisis, with the cost of the relief being one of the influencing factors. For example, in 2008 the scheme cost in excess of €700 million...

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: A deduction, as has just been described, provides relief from income tax on up to €35,000 for employees who are tax resident in Ireland but travel out of the State to temporarily carry out duties of their office or employment in certain qualifying countries. In this way, it acts as incentive to Irish businesses seeking to develop and expand into emerging markets in any of the 30...

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: The Government and I have shown the commitment we have to make a difference to the huge challenges many are facing by increasing the funding in our capital building programmes for local authorities all over the country to build more social and affordable houses and by our efforts to support the private sector to deliver more homes. I refer to the role and impact of the help to buy scheme,...

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: Whether it is San Francisco or Berlin, or even in the debate taking place regarding the implementation of a rent freeze in Scotland, the warnings are clear. Of course it delivers a benefit to those in rental accommodation who need support but it will deter the supply of more rental accommodation in future. This is why, even though I can understand its attraction, such a measure would lead...

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: Do Deputies see the typical approach here from Deputy Doherty? What he does is create the impression that I, as Minister, have an approach that is all about driving up rents at the expense of tenants. The Deputy asks me or suggests that I have some figures in my mind regarding how much I want rents to go up by and creates the impression that I am not sympathetic or aware of the challenges...

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: -----and, in fact, in the face of the track record that some of the policies he is advocating have been bad for supply and bad for making more rental accommodation available. I understand why the Deputy makes that claim. I will reassert that in many of the different debates that Deputy Doherty and I have, I do not make the case about what the Deputy's intentions are and what he is...

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: -----by saying that I have a goal in relation to how much I would want rents to go up.

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: That is typical. We have more evasion from the Deputy.

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: He says I am thinking about what I want to do based on how rents go up.

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: There he goes. He just said it again.

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: I am clear on what I am looking to do.

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: I thank the Acting Chairman. What I am looking to do here, conscious of the big challenge and need that so many face at present, is to build more homes and make more rental accommodation available. I appreciate that it is taking time and it will take time for these measures to be felt and to have the effect I want to see. While I accept the evidence is not fast enough for many, we are...

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: In my earlier contribution, I said my objective was to increase supply. The record of the Dáil will show whether or not I gave a commitment here this evening to reduce prices. I do not believe I did. What I said was that the aim of Government policy is to increase supply. I believe that increasing supply over time will lead to a reduction in the price pressure that is there and is...

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: I will respond to the proposal made by Deputy O'Donnell. As he will be aware, the Department has conducted a thorough review of the help-to-buy scheme. I appreciate the further point he raised. My officials and I received the paper he submitted and we will, of course, give it consideration. He knows the issue we grapple with, however, in that I accept there is an issue with the so-called...

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: I move amendment No. 4: In page 10, line 22, to delete “on or before 30 September 2022”. The Minister for Children, Equality, Disability, Integration and Youth has implemented a scheme of once-off payments to the value of €3,000 to each individual whose incorrect birth registration has been confirmed by or to Tusla. The payment is to be provided on an ex gratia...

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: I move amendment No. 5: In page 10, after line 38 to insert the following: “Exemption in respect of payments under Covid-19 Death in Service Ex-Gratia Scheme for Health Care Workers 4. Chapter 1 of Part 7 of the Principal Act is amended by the insertion of the following section after section 192L (inserted by section 3): “Exemption in respect of payments under...

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: I have passed this matter on to the Minister for Health and I know he is directly aware of the interest in this matter. However, it is a matter for the Minister for Health rather than for the Finance Bill. I will again make sure the Department of Health is aware of this matter.

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: I move amendment No. 6: In page 11, to delete lines 15 and 16 and substitute the following: “(a) in subsection (1)— (i) by the insertion of the following definition: “ ‘Act of 2021’ means the Affordable Housing Act 2021;”, (ii) in the definition of “qualifying period”, by the substitution of “2024” for...