Results 4,421-4,440 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Data (27 Sep 2022)

Paschal Donohoe: I am advised by Revenue that the table below sets out the estimated yield to the Exchequer, on a first and full year basis, from the introduction of a 3rdrate of income tax of 43% applicable to taxable income in excess of €400,000 and €750,000 respectively. First Year Yield €m Full Year Yield €m On income above ...

Written Answers — Department of Finance: Inflation Rate (27 Sep 2022)

Paschal Donohoe: Consumer price (HICP) inflation has picked up sharply over the course of this year and stood at 9 per cent in August. Almost every advanced economy in the world is in the same position, with inflation rates of 8.3 and 9.1 per cent recorded in the US and euro area respectively in August. The key driver of the elevated level of inflation at present is the sharp rise in wholesale energy,...

Written Answers — Department of Finance: Pharmacy Services (27 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 137 and 139 together. The issues raised in this question relate to the community pharmacy sector and are a matter for the Minister of Health. However, I would like to reiterate the Government’s recognition of the key role of Pharmacy in the Community, and the very significant contribution made by this sector to patients and the public in...

Written Answers — Department of Finance: Tax Exemptions (27 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.

Ceisteanna Eile - Other Questions: Flexible Work Practices (22 Sep 2022)

Paschal Donohoe: The Deputy has concluded the discussion in an appropriate way because there has to be a balance. Public services still need to be provided, contact needs to be made available to citizens and consumers and employers still have to be viable and provide for and meet the needs of their customers. There is clearly a balance in how all this can be done. All the Deputies have acknowledged the...

Ceisteanna Eile - Other Questions: Disability Services (22 Sep 2022)

Paschal Donohoe: As the Deputy will be aware, I gave a commitment to the House that a comprehensive review of the scheme would be undertaken. I am working with the Minister for Children, Equality, Disability, Integration and Youth, Deputy O'Gorman, on this and we both agree that the review should be brought within a wider review under the auspices of the national disability inclusion strategy. This work is...

Ceisteanna Eile - Other Questions: Disability Services (22 Sep 2022)

Paschal Donohoe: I take the points that have been raised by the Deputies. The working group has met on a number of occasions throughout the year and its next meeting is coming up in a number of weeks. I will play my role in trying to make progress on this issue because I accept that too many of our citizens are waiting for too long to know where they will be with the provision of valuable supports. We must...

Ceisteanna Eile - Other Questions: Flexible Work Practices (22 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 103, 108 and 111 together. The programme for Government includes a commitment to facilitate and support remote working. As part of the national remote working strategy, in 2021, the tax strategy group reviewed the tax arrangements for remote working in respect of both employees and employers. That paper is now available on my Department’s website. ...

Ceisteanna Eile - Other Questions: Flexible Work Practices (22 Sep 2022)

Paschal Donohoe: I thank the Deputies for the points they made. It is probably a little too early to know what the equilibrium will look like in terms of working from home. Even if we did not have the energy price change that is occurring and we were living in - to use that phrase we used for a long time - a "new normal", I still think it would be early to see what the new patterns will be regarding where...

Ceisteanna Eile - Other Questions: Tax Code (22 Sep 2022)

Paschal Donohoe: As I said, I understand the important issues the Deputies are raising and I hope I have been clear in the responses I have given. We will continue with our work on preparing the budget.

Ceisteanna Eile - Other Questions: Banking Sector (22 Sep 2022)

Paschal Donohoe: I thank the Deputy and acknowledge that he has been raising this issue with me from the beginning, at the moment when concerns began to develop regarding the future of Ulster Bank. Given the importance of that bank in the communities he represents, he has raised this issue regularly with me in the House. As he will be aware, while I deeply regret the decision made by Ulster Bank and KBC,...

Ceisteanna Eile - Other Questions: Banking Sector (22 Sep 2022)

Paschal Donohoe: I agree that while 24% is a big change versus where we were earlier in the year, there remains a great deal that needs to be done. Nevertheless, while that means 76% of the accounts are still open, that does not mean all those accounts are still active. More than 600,000 new accounts have been set up in the three remaining banks, which points to consumers responding back to getting their...

Ceisteanna Eile - Other Questions: Banking Sector (22 Sep 2022)

Paschal Donohoe: There are indeed important issues we need to monitor and play a role in. The Minister of State, Deputy Fleming, has reminded me of the role our credit unions can play in also providing new services and accounts to people who are former customers of the two banks that are leaving. I am very much aware of the point the Deputy made about how not everybody is able to access services digitally...

Ceisteanna Eile - Other Questions: Mortgage Interest Rates (22 Sep 2022)

Paschal Donohoe: I and the Department of Finance will be forever careful and monitoring developments in this area because it is so fundamental to us. Deputy Farrell made an important point regarding the provision of financial services such as insurance products. I recognise the work the Minister of State, Deputy Fleming, has done in this area where he has been making the case for Ireland as a good place for...

Ceisteanna Eile - Other Questions: Tax Code (22 Sep 2022)

Paschal Donohoe: I thank the Deputy for raising this important matter. As she is aware, capital acquisitions tax, CAT, is a tax which applies to both gifts and inheritances. The relationship between the person giving a gift or inheritance and the person who receives it determines the maximum amount, known as the "group threshold", below which CAT does not arise. As Deputy Carroll MacNeill will be aware,...

Ceisteanna Eile - Other Questions: Tax Code (22 Sep 2022)

Paschal Donohoe: I thank the Deputy very much. I take her point that there are citizens who worked hard in their lives, in particular those who worked at a time when tax rates were far higher than they are now and when interest rates on the properties to which Deputy Carroll MacNeill refers were far higher than they are today or may even become. As people do all of that, they begin to think about their...

Ceisteanna Eile - Other Questions: Fiscal Policy (22 Sep 2022)

Paschal Donohoe: I take the Deputy's point that we need to look at how we can provide guidance - probably stronger than nudging - to help to deepen the resilience he is referring to. The Minister, Deputy Eamon Ryan, is looking at different ways in which this could be done. I know that the challenges we are facing at the moment with the price and availability of energy are very serious. As the Deputy knows,...

Ceisteanna Eile - Other Questions: Fiscal Policy (22 Sep 2022)

Paschal Donohoe: Deputy Bruton is a veteran of these kinds of policy debates and is well versed in the Dáil. He will know as well as I do that it is difficult to bring in tax reliefs and concessions that are short term in nature which can be quickly modified. That said, I know the House will be aware of two other ways in which we are trying to do this. I concur entirely with the Deputy that making use...

Ceisteanna Eile - Other Questions: Mortgage Interest Rates (22 Sep 2022)

Paschal Donohoe: I thank the Deputy for raising this matter so regularly with me. I also thank him for his participation and attendance at the Oireachtas Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach on this and other matters which I greatly value. The Deputy will be aware of the first part of what I am about to say, which is that this is a commercial matter for individual...

Ceisteanna Eile - Other Questions: Mortgage Interest Rates (22 Sep 2022)

Paschal Donohoe: I thank the Deputy for his steadfast approach to these matters in recent years. I know he is strongly supportive of the European Union. He equally appreciates that some decisions need to be taken at a national level and we need to protect our right to do so. The Deputy is, of course, correct about the operation of the Single Market. However, national regulators still determine how much...