Results 3,881-3,900 of 32,432 for speaker:Paschal Donohoe

Ceisteanna Eile - Other Questions: Tax Code (10 Nov 2022)

Paschal Donohoe: I appreciate the point raised by the Deputy. I have made great efforts in changes I made to the USC to deal with the issue he identified. As he will know, changes in PRSI have other consequences of which the Minister of Social Protection will be aware. I have no doubt at all that she will give a clear and justified account of what is happening from a PRSI perspective. However, the reason...

Ceisteanna Eile - Other Questions: Tax Code (10 Nov 2022)

Paschal Donohoe: As the Deputy knows, many of the institutes he is quoting regarding the progressive nature of our budget are the same institutions that are saying the measures we brought in should be temporary. The one-off measures should indeed be temporary in the hope that the cost-of-living pressures about which we are all concerned begin to change and moderate, and offer an opportunity then to change...

Ceisteanna Eile - Other Questions: Tax Yield (10 Nov 2022)

Paschal Donohoe: A stamp duty charge of 1% normally applies to the purchase of shares. However, I am advised by Revenue that the stamp duty treatment of share buybacks depends on the form in which the shares are held and the method by which the buybacks are affected. Share buyback refers to the practice whereby a company purchases or buys back its own shares. For shares held in certificated or paper form,...

Ceisteanna Eile - Other Questions: Tax Yield (10 Nov 2022)

Paschal Donohoe: I would love to be able to point out whether this is a matter Sinn Féin considered in its alternative budget but I cannot because it is not available. I did evaluate it, however. In evaluating and consulting with my officials on it, the view I have reached is that a change to it at this point could limit the ability of our capital markets to operate. Those capital markets are important...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (10 Nov 2022)

Paschal Donohoe: Yes, very much so, and I fully appreciate the reality of what the Deputy outlined. I see this in small shops and businesses in my constituency, Dublin Central, and throughout the city of Dublin. I was in Mullingar on Friday evening and met many amazing local business people who employ so many people and are confronting the very kind of pressure the Deputy referred to. Of course, we will...

Ceisteanna Eile - Other Questions: Inflation Rate (10 Nov 2022)

Paschal Donohoe: I thank the Deputy for raising the critical economic challenge we are now confronting. As he will be aware, consumer price inflation picked up sharply over the past year and in October stood at 9.6%. Almost every advanced country in the world is in the same position with, for example, inflation throughout our neighbours within the EU, and in particular among those countries that share the...

Ceisteanna Eile - Other Questions: Inflation Rate (10 Nov 2022)

Paschal Donohoe: Indeed. The focus at European level is on trying to reduce the cost of energy, which, as the House will know, is an exceptionally complex and sensitive matter at a time the supply of energy in the first instance is so constrained and so low. That is the focus of considerable collective efforts within the EU because any change in the price of energy will have a significant impact on the rate...

Ceisteanna Eile - Other Questions: Inflation Rate (10 Nov 2022)

Paschal Donohoe: Yes, it will. In the various economic forecasts we conduct, which we will again revise in April, we will continue to monitor clearly where we are with inflation and what that means for our economy overall. While we expect a decrease in inflation rates in the economy for next year, it will be a decrease to only 6%, which, unfortunately, will have an impact on the living standards of our...

Ceisteanna Eile - Other Questions: Tax Code (10 Nov 2022)

Paschal Donohoe: Our taxation system is among the most progressive in the OECD in that those on lower incomes pay less income tax as a share of their income than those on higher incomes. Budget 2023 included a significant personal income tax package, estimated to cost €1.13 billion. Overall, in all the measures contained in that tax package, it is expected 2.1 million taxpayers will benefit in...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Vacant Properties (10 Nov 2022)

Paschal Donohoe: I thank the Deputy very much. In deciding what the rate was going to be, I did, of course, consult with my colleagues and my officials on it. My judgment, based on the engagement that I had with them, was that a new charge that is multiples of an existing tax, is a proportionate and sufficient charge for the harm to the common good of homes that could have somebody living in them but do...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Vacant Properties (10 Nov 2022)

Paschal Donohoe: A punitive tax of 10% would mean that the cost to such a property holder would be many thousands of euro. I look forward to hearing the Deputy make the case on Committee Stage of the Finance Bill. Regarding the charge she made about the level of vacant homes in the country, as she will be aware, the recent census indicated that there are 166,752 vacant homes nationwide. This is 7.8% of the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (10 Nov 2022)

Paschal Donohoe: I thank the Deputy very much. As she will be aware, the details of the new TBESS are set out in the Finance Bill, which will begin Committee Stage later today. The scheme will provide support to qualifying businesses in respect of energy costs relating to the period from 1 September 2022 to 28 February 2023. The TBESS will be available to tax-compliant businesses carrying on a trade or...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Reliefs (10 Nov 2022)

Paschal Donohoe: I must be honest with the Deputy. We can help, in particular with the energy costs, but no government should give the indication to the people of Ireland and the economy that we can cover or insulate any business from all of the cost changes that are going on at the moment. I know the Deputy recognises that. While she was perhaps not calling on me to do it, she was putting the energy costs...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Defective Building Materials (10 Nov 2022)

Paschal Donohoe: The Deputy talks about documents that follow but I want to go back to the document he published before budget day. I ask him again where it is now. I am asking him this because it concerns a key point. The reason I am making a case for the levy – conscious of all the risks the Deputy referred to, because I accept they exist – is that the greater risk would be to pretend to...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Defective Building Materials (10 Nov 2022)

Paschal Donohoe: I did google the alternative budget on the way here. What came up was the alternative health budget. Maybe between my doing that and taking these parliamentary questions, all the Deputy's colleagues in the Balkans will be changing all the time. The alternative budget of the Deputy was not available this morning and is not available on his party's website.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Defective Building Materials (10 Nov 2022)

Paschal Donohoe: To go back to the core point, of course I want to make money available to help all the poor families who have been affected by mica. I have met them, although I accept I have not met as many as the Deputy. Of course I want to make money available to help those who are affected by rising rents and the rising cost of living, but the money has to come from somewhere. The money has to be available.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Defective Building Materials (10 Nov 2022)

Paschal Donohoe: If you are making the case for leading the Government and being responsible for public finances, you need to explain where the money is coming from.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Defective Building Materials (10 Nov 2022)

Paschal Donohoe: If you do not, you are a source of risk-----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Defective Building Materials (10 Nov 2022)

Paschal Donohoe: If you do not, you run the risk of inflicting on this economy and our jobs the kind of risk-----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Defective Building Materials (10 Nov 2022)

Paschal Donohoe: I will keep coming back to the question of where the Deputy's budget is. Where has it gone? What has changed in the past few days?