Results 401-420 of 33,055 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Financial Services (28 May 2025)

Paschal Donohoe: As noted in response to Parliamentary Question No. 36 of 21 May 2025, Finance Act 2016 made certain changes to the taxation of qualifying companies, within the meaning of section 110 Taxes Consolidation Act 1997 (“TCA 1997”). The changes, which included the introduction of a new subsection (5A) in section 110, relate to the taxation of profits derived from the business of...

Written Answers — Department of Finance: Insurance Industry (28 May 2025)

Paschal Donohoe: As Minister for Finance, I have policy responsibility for the development of the legal framework governing financial services regulation, including for the insurance sector. I am aware of the issue of under-insurance, which occurs when the sum insured on a property is less than the amount it would cost to rebuild or reinstate the property. According to the Central Bank of Ireland, this can...

Written Answers — Department of Finance: National Asset Management Agency (28 May 2025)

Paschal Donohoe: As the Deputy will be aware, a Resolution Unit is to be established and resourced by the NTMA, with responsibility for managing any residual activity of NAMA following its dissolution and any residual activity of IBRC (in Special Liquidation). It is currently anticipated by the NTMA that the Resolution Unit will require approximately 10 staff members, including a Head of Unit, the role...

Written Answers — Department of Finance: Tax Credits (28 May 2025)

Paschal Donohoe: Section 481 provides relief in the form of a corporation tax credit related to the cost of production of certain films. The scheme is intended to act as a stimulus to the creation of an indigenous film industry in the State, creating quality employment opportunities and supporting the expression of the Irish culture. Finance Act 2018 introduced a short-term, tapered regional uplift for...

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: You did.

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: That is not what the others said.

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: That is an appalling allegation to make.

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: That is an appalling allegation.

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: For the first time in the State, what this Bill aims to do is to introduce a national sanctions regime. Let us step back and acknowledge the huge suffering that is the cause of this debate but let us look also at how Irish diplomacy has worked. How it has worked is that the sanctions that we have implemented have been ones that have been negotiated, agreed and introduced at EU and UN level.

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: They are an important tool to promote the objective of the EU's Common Foreign and Security Policy. Sanctions are stronger and more effective when done collectively. Rather than be seen to do something, it is far better-----

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: -----to ensure the outcome is effective. Furthermore, the clear advice that has been provided to me is that it is not about hiding behind the law, it is as a government and a Member of Parliament, being subject to the law.

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: The article is very clear that the Bill conflicts with Article 215 of the Treaty of the European Union, which is intended to preclude individual member states from issuing their own restrictive measures, which could undermine the integrity of how the EU conducts its external affairs policies. The reason for that, again, is that the EU has shown its ability to make progress when it acts in a...

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: -----and which did not happen in the earlier statements from Sinn Féin-----

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: -----is intended to prevent the sale of Israeli bonds throughout the European Union. However, we cannot promote or even propose national legislation that prohibits the sale of something at EU level. Any actions taken by Ireland must recognise the distinction between policy areas at a national level and those at an EU level.

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: Even if this Bill were to be enacted, Israeli bonds-----

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: -----would still be available to retail investors across the EU and further afield. Let me repeat that: even if this Bill were to be enacted, Israeli bonds would still be available to retail investors across the EU and further afield.

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: The Government does not support enacting legislation that is ineffective.

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: Finally, the advice I have received on the Private Members' motion is that for the reasons I have outlined, it is in conflict with the treaties of the European Union and our obligations as a member state.

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: It does not materially impact-----

Restrictive Financial Measures (State of Israel) Bill 2025: Second Stage [Private Members] (27 May 2025)

Paschal Donohoe: -----on the ability of Israel to raise money by selling bonds.