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Written Answers — Department of Enterprise, Trade and Employment: Energy Prices (28 Sep 2022)

Leo Varadkar: Officials from my Department as well as Ministers of State and I personally have ongoing engagement with the business community. This engagement has been particularly useful in understanding the impact of rising energy costs on businesses, including for energy-intensive industries, large multinational corporations as well as Small and Medium-sized Enterprises (SMEs), and these issues have now...

Written Answers — Department of Enterprise, Trade and Employment: Energy Prices (28 Sep 2022)

Leo Varadkar: Officials from my Department as well as Ministers of State and I personally have ongoing engagement with the business community. This engagement has been particularly useful in understanding the impact of rising energy costs on businesses, including for energy-intensive industries, large multinational corporations as well as Small and Medium-sized Enterprises (SMEs), and these issues have now...

Written Answers — Department of Enterprise, Trade and Employment: Employment Rights (28 Sep 2022)

Leo Varadkar: Following detailed consideration of the issues surrounding the implementation of the statutory sick leave scheme, the Sick Leave Act will commence on 1st January 2023. The Act is intended to provide a level of protection to employees who do not currently have employer-paid sick pay schemes, many of whom are low-paid and cannot afford to miss work. As a starting point, this scheme will cover...

Written Answers — Department of Enterprise, Trade and Employment: Employment Rights (28 Sep 2022)

Leo Varadkar: Prior to enactment of the Sick Pay Act 2022, my Department undertook a full public consultation, reviewed international best practice, and formed an interdepartmental group to ensure that all views from stakeholders were properly considered in the development of the statutory sick pay scheme. The Bill also went through pre-legislative scrutiny which was carried out by the Joint Oireachtas...

Financial Resolution No. 5: Small Benefits Exemption (27 Sep 2022)

Leo Varadkar: Deputies are entitled to their own opinions, but they are not entitled to their own facts. They are being very disingenuous. This is one of the most progressive income tax systems in the world.

Financial Resolution No. 5: Small Benefits Exemption (27 Sep 2022)

Leo Varadkar: If Deputies look at the budget in the round, which they should do, they will see that the Department of Finance analysis shows this was a progressive budget. Those on the lowest incomes gain the most whether it is done by centiles or any way Deputies want. These are the facts. This was a progressive budget. What Deputy Shortall has done is to have focused solely on the tax package. Some...

Financial Resolution No. 5: Small Benefits Exemption (27 Sep 2022)

Leo Varadkar: I am being interrupted because they hate the facts. It is like saying somebody who lives with five other people does not benefit from the living alone allowance. If Deputies want to look at the benefits for the squeezed middle, if they are defined as people who earn less than €37,000, they have to look at it in the round. They have to look at the social wage, as the Irish Congress...

Financial Resolution No. 6 – General (27 Sep 2022)

Leo Varadkar: I move: THAT it is expedient to amend the law relating to inland revenue (including value-added tax and excise) and to make further provision in connection with finance.

National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019: Motion (27 Sep 2022)

Leo Varadkar: I move: That Dáil Éireann approves, pursuant to section 5(4) of the National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019 (No. 18 of 2019), the making of a payment of the sum of €1,500,000,000 (€1.5 billion) in the year 2022 and a payment of the sum of €3,500,000,000 (€3.5 billion) in the year 2023 from the Central Fund or the growing...

Financial Resolution No. 5: Small Benefits Exemption (27 Sep 2022)

Leo Varadkar: I move: (1) THAT section 112B of the Taxes Consolidation Act 1997 (No. 39 of 1997) be amended in subsection (1)– (a) by the substitution of the following definition for the definition of “qualifying incentive”: “ ‘qualifying incentive’ means a relevant incentive that is the first or the second relevant incentive given to an employee in a...

Written Answers — Department of Enterprise, Trade and Employment: Industrial Development (27 Sep 2022)

Leo Varadkar: Regional development is at the centre of IDA’s current strategy: Driving Recovery & Sustainable Growth 2021-2024, whereby IDA Ireland is targeting half of all investments (400) from 2021- 2024 to regional locations. Longford and Westmeath, along with Laois and Offaly, make up the IDA’s Midlands Region. There are 49 IDA client companies employing 6,838 people in this...

Written Answers — Department of Enterprise, Trade and Employment: Trade Agreements (27 Sep 2022)

Leo Varadkar: As the Deputy will be aware, the EU reached political agreement in their trade negotiations with the Mercosur region in June 2019. The Agreement will cement the close political and economic relations between the EU and Mercosur countries and represents a clear commitment from both regions to rules-based international trade. In 2021, Ireland exported nearly €0.5 billion worth of...

Written Answers — Department of Enterprise, Trade and Employment: Industrial Development (27 Sep 2022)

Leo Varadkar: 2021 was a record-breaking year for Foreign Direct Investment (FDI) employment, with total employment in IDA client companies now standing at 275,384, up over 29,000 on 2020. Growth in the regions was particularly buoyant, with 53% or 133 projects of the 249 investments won by IDA going to regional locations. Employment growth was recorded in every region of the country. There are currently 8...

Written Answers — Department of Enterprise, Trade and Employment: Industrial Development (27 Sep 2022)

Leo Varadkar: I propose to take Questions Nos. 11 and 16 to 21, inclusive, together. Since 2010, IDA Ireland’s successive strategies have focussed on market diversification which is reflected by the levels of investment from the US falling from 70% in 2014 strategy to 64% of investment in the 2019 strategy. IDA Ireland’s Growth Markets team continues to build awareness of Ireland’s...

Written Answers — Department of Enterprise, Trade and Employment: Departmental Reviews (27 Sep 2022)

Leo Varadkar: The requested details in respect of studies, reviews and research projects currently underway or recently commissioned by the Department are set out in the table below. At this time, it not yet possible to be definitive about all costs for all of the projects listed.  Study/Review/Research Project Anticipated Date for Completion Company Conducting Study ...

Written Answers — Department of Enterprise, Trade and Employment: Industrial Development (27 Sep 2022)

Leo Varadkar: Events of the last few years including Brexit, the Covid-19 pandemic, and the war in Ukraine, have heightened companies’ focus on economic resilience and the supply chain risks associated with international production. Responding to developments in international trade, combined with rising costs and geopolitical uncertainty, companies across all sectors have taken steps to increase the...

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