Results 341-360 of 1,718 for long speaker:Paschal Donohoe

Written Answers — Department of Finance: National Asset Management Agency (16 Nov 2021)

Paschal Donohoe: ...zoning and will be suitable for residential development between now and 2035. 212 hectares are not currently zoned residential. A breakdown of this land by planning status and unit capacity, along with details of units currently under construction, is contained in the aforementioned response which can be found at the following link: www.oireachtas.ie/en/debates/question/2021-11-02/246/....

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: ...of this scheme, it makes what we offer uncompetitive versus the offerings that are there. I have no doubt, despite the enviable consistency of Deputy Boyd Barrett's views and for which I have long praised him, that were any job losses to develop in any of those employers, one of the first people to herald this as the collapse of an economic model would be the Deputy and, no doubt, he...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: ...recommend appropriate 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. I understand that this working group has agreed in its terms of reference to establish the nature of significant, widespread fire safety, structural safety...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: ...is a difference in philosophy between Sinn Féin and me on this. Sinn Féin believes that people are looking to buy their first home, they should not get any help in doing it; I do. It has been a long-standing feature of our tax policy. There have been many other ways of doing this over the past number of years. The help-to-buy scheme is the latest version of it. I accept the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: ..., the marginal tax rate within that taper zone would be just over 60%. Once you moved beyond that taper period, at income of more than €120,000, the marginal rate would revert back to 52%. We have a long-running debate in the Oireachtas on the need to attract hospital consultants back to Ireland. These hospital consultants may well have been educated here in Ireland by the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: I am very familiar with the Deputy’s questions on orphan structures at this point. I must find out at another point what they did to provoke such a long-standing interest.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: ...on pillar 2 will be faithful to the agreement. Further, we can continue to allow our tax system to support innovation and growth, including through the use of research and development tax credits. I have long signalled there will be a cost to Ireland signing up to this agreement. My Department and Revenue have estimated the cost in terms of tax receipts forgone could be up to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: At the earliest stage that I have a figure I am confident I can stand over, I will, of course, share it. For so long we have worked under the shadow of what global tax reform will look like and what impact it will have on our Exchequer. As soon as I have figures that I am confident are robust and that I can share with the Exchequer, we will share them with the Deputy and this committee. I...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: Digital service taxes are off the table at the moment within the EU because of the EU's expectation that the OECD agreement will be faithfully implemented by all those who have signed up to it. As long as there is evidence that is happening, I do not expect to see the issue of digital service taxes come back into credible consideration within the EU. The second point the Senator raised is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: ...by this outcome. They believe that this process should have yielded a higher minimum effective tax rate for the world. Regarding companies that are below €750 million annual turnover, as long as they are below that threshold here in Ireland they will continue to pay the 12.5% and will not be subject to those parts of this agreement. As to whether people will be pressing for...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: ...the Oireachtas effectively and deal with the matters I am sure the Deputy and others will raise with me. In truth, the process of bringing this through the Oireachtas is only a small share of how long it has taken to develop this legislation overall. The legislation has been a priority of mine and continues to be a priority but it required much engagement with the Attorney General and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: The Central Bank called on me to bring in this Bill in May 2018. I have acted as quickly as I could on that. That is not four and a half years ago but I accept it is still a long time ago. I have used that time to bring forward legislation that is robust and that will be effective. That is what I have done but it has taken time to get to that point. The Deputy is not too bad at...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: ...an important matter. It is not the right way of handling it. I accept it has taken time to get to this point. The Deputy stated he does not believe the reason I offer for why it has taken this long but perhaps he can outline why he believes it has taken so long to do this if he does not accept my explanation. All I can outline to the committee is the truth, which is that I have been...

Ceisteanna Eile - Other Questions: Tax Credits (9 Nov 2021)

Paschal Donohoe: ..., medical evidence provided by the child's medical practitioner is required to confirm both the extent of the incapacity and whether the incapacity permanently prevents the child from being able in the long term to maintain himself or herself independently when over the age of 18. Detailed information on the operation of the tax credit is available on Revenue's website. This is a...

Ceisteanna Eile - Other Questions: Covid-19 Pandemic Supports (9 Nov 2021)

Paschal Donohoe: ...to this scheme has been one of the most raised issues over the era of the pandemic. Deputies are aware of the debates we have had regarding whether sectors should be able to come into schemes, how long they should stay in schemes and what support they get. The childcare sector is the only sector where, regardless of the performance of an individual provider, the provider stays in the...

Ceisteanna - Questions (Resumed) - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Forestry Sector (9 Nov 2021)

Paschal Donohoe: ...the increase in greenhouse gas emissions from other sectors of the economy. It is capital-intensive investment with costs front loaded. Compared with other industrial sectors, it has a relatively long period before returns are realised. The Department of Finance reviewed all of these schemes in 2006 and these issues were again looked at in 2014. An exemption from capital gains tax,...

Written Answers — Department of Finance: Tax Code (9 Nov 2021)

Paschal Donohoe: ...€750m. The agreement on Pillar Two allows for the retention of our domestic 12.5% corporation tax rate for the 95% of the companies in Ireland that are out of scope of the agreement. I have long signalled that there will be a cost to Ireland signing up to this agreement. My Department and Revenue have estimated that the cost to the Exchequer in terms of tax receipts foregone...

Written Answers — Department of Finance: Insurance Industry (9 Nov 2021)

Paschal Donohoe: ...take Questions Nos. 86 and 99 together. Price walking is a form of differential pricing where consumers are gradually charged higher premiums, relative to the cost of providing the service, the longer they remain with a provider. This represents a de facto loyalty penalty on long-serving customers. In the context of this specific question this is an important issue for consumers of...