Results 4,401-4,420 of 32,432 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (22 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of a Budget decision.

Written Answers — Department of Finance: Foreign Direct Investment (22 Sep 2022)

Paschal Donohoe: Ireland has long established itself as a market of choice for foreign direct investment and FDI makes a highly significant contribution to the domestic economy. Ireland’s ability to attract and retain FDI reflects our strong legal and regulatory landscape, our track record as a stable and pro-enterprise jurisdiction, and our talented and flexible workforce. These unique features...

Written Answers — Department of Finance: Mortgage Interest Rates (22 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 218 and 226 together. The price lenders charge for their loans is a commercial matter for individual lenders. As Minister for Finance I cannot determine the lending policies of individual banks including the interest rates they charge for loans including mortgages. I am aware that the general level of new lending interest rates in Ireland are higher...

Written Answers — Department of Finance: Fiscal Policy (22 Sep 2022)

Paschal Donohoe: I understand the Deputy is interested in Ireland’s borrowing and the monetary policy of the European Central Bank (ECB). The National Treasury Management Agency (NTMA) borrows to meet the Exchequer’s Borrowing Requirement regardless of whether the ultimate expenditure is capital or non-capital in nature. It should be noted that current and capital expenditure in Ireland is...

Written Answers — Department of Finance: Fiscal Policy (22 Sep 2022)

Paschal Donohoe: I would like to clarify that Ireland has no outstanding loans to the IMF. On 20 December 2017, the National Treasury Management Agency (NTMA) completed the early repayment of the full loan under the IMF's Extended Fund Facility (EFF).

Written Answers — Department of Finance: Fiscal Policy (22 Sep 2022)

Paschal Donohoe: The EU-IMF financial assistance programme for Ireland, formally agreed in late 2010, was a joint financing package in the amount of €85 billion and was made up of contributions from the International Monetary Fund (IMF), the European Union (EU), bilateral loans from the United Kingdom (UK), Sweden and Denmark, and Ireland own resources. The €85 billion programme was financed as...

Written Answers — Department of Finance: Fiscal Policy (22 Sep 2022)

Paschal Donohoe: While public debt increased sharply during the Covid-19 pandemic, the strides that had been made in the years prior to the crisis, alongside the low interest rate environment, meant that the State could borrow sustainably to mitigate the worst economic impacts of the necessary public health restrictions. Similarly, Ireland’s quick rebound in economic growth following the pandemic,...

Written Answers — Department of Finance: Tax Code (22 Sep 2022)

Paschal Donohoe: I would like thank the Deputy for raising this important issue. From the outset, I would like to reaffirm that I remain fully committed to OECD Agreement. My long-standing position is that the international tax system needs to keep pace with changes in how business is conducted globally, and the overriding premise of the OECD agreement, signed by over 135 countries, is that a global...

Written Answers — Department of Finance: Interest Rates (22 Sep 2022)

Paschal Donohoe: Through the implementation of the Housing for All strategy, the Government plans to increase the supply of housing to an average of 33,000 per year over the next decade. This is an ambitious plan which will provide increased housing supply and affordability. While the plan is backed by unprecedented State investment, the Government cannot deliver on this programme alone. The only way we...

Written Answers — Department of Finance: Brexit Issues (22 Sep 2022)

Paschal Donohoe: My Government colleagues and I remain alert to the challenges and the potential economic impacts arising from Brexit, including paying particular attention to the effective implementation of the Trade and Cooperation Agreement (TCA) and to the Withdrawal Agreement, which includes the Protocol on Ireland and Northern Ireland. Following the appointment of a new UK Prime Minister and her...

Written Answers — Department of Finance: Economic Growth (22 Sep 2022)

Paschal Donohoe: Earlier this year, Ireland make a significant step forward by removing all remaining Covid-19 restrictions. With little evidence of permanent economic scarring, it seemed as though our economy would rebound strongly this year. However, the outlook quickly changed with Russia’s invasion of Ukraine, sparking an energy supply crisis and ensuing inflation. Our economy is now faced...

Written Answers — Department of Finance: Financial Instruments (22 Sep 2022)

Paschal Donohoe: Ireland enjoys an AA rating from all the major ratings agencies, with the exception of Moody’s, reflecting our track record of sound fiscal management. As the Deputy alludes to, we are living in deeply uncertain times. We have emerged from an unprecedented pandemic and now face a new challenge as the Russian war in Ukraine has resulted in inflation at levels not seen in many decades....

Written Answers — Department of Finance: Banking Sector (22 Sep 2022)

Paschal Donohoe: Over the last decade, we have seen a shift in the way consumers and businesses are paying and banking. While historically Ireland has been a relatively cash-intensive economy, advances in technology and changing customer demands have prompted a rapid increase in the take-up of electronic payments. The Covid-19 pandemic has acted as a potential catalyst for the move towards digital payments...

Written Answers — Department of Finance: Banking Sector (22 Sep 2022)

Paschal Donohoe: Banks and investment funds both have a positive role to play in providing financial services within the economy and wider society and can complement each other in this regard. Ireland, like our partners in the EU, will require significant funding into the future to address strategic priorities. In this regard the EU Capital Markets Union initiative - which aims to get investment and...

Written Answers — Department of Finance: Tax Code (22 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of a Budget decision.

Written Answers — Department of Finance: Tax Code (22 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, it is a long-standing practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of a Budget decision.

Written Answers — Department of Finance: Tax Code (22 Sep 2022)

Paschal Donohoe: All land, including agricultural land, is classified as non-residential property for stamp duty purposes. Any re-categorisation of agricultural land as residential land for the purposes of stamp duty would be inconsistent with the application of stamp duty to other forms of business. It may interest the Deputy to know that there are a number of stamp duty related reliefs which are...

Written Answers — Department of Finance: Veterinary Services (21 Sep 2022)

Paschal Donohoe: Section 114 of the Taxes Consolidation Act 1997 (TCA) provides for a tax deduction in respect of expenses incurred wholly, exclusively and necessarily by an individual in the performance of the duties of his or her employment. I am advised by Revenue that professional membership fees are only deductible under section 114 TCA where they are incurred wholly, exclusively and necessarily by...

Written Answers — Department of Finance: Revenue Commissioners (21 Sep 2022)

Paschal Donohoe: I am advised by Revenue that in-person appointment services are being provided at the Revenue office at Assumption Road, Cork since 19 September 2022. This service allows customers to schedule an appointment at a time that suits them, eliminating queue waiting times that are a feature of any walk-in service. Appointments can be booked by calling the Appointment Helpline on 01 738 3660,...

Written Answers — Department of Finance: Exchequer Returns (21 Sep 2022)

Paschal Donohoe: I wish to advise the Deputy that the following dividends were received from commercial semi-State companies from 2017 to date in 2022. Any dividends from Semi-State bodies received by the Exchequer form part of the overall revenue collected by the State. The policies relating to the payment of such dividends are detailed in the Instrument or Legislation which covers the formation of each...