Results 5,161-5,180 of 33,883 for speaker:Paschal Donohoe
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: A wide variety of different matters have been raised with me so-----
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: The comments in respect of the reports did not stick to them either. I will respond to the points that have been put to me as quickly as I can. As I understand it, Deputy Barry put forward the case that, every time a landlord exits the market, the State should step in and buy the rental property in question. I understand that local authorities are doing this in some cases. They are...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: In Germany, to the best of my knowledge, it is.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: But for the period it was in-----
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: I stand by the point I have made. I know that this is subject to a ruling by the German Supreme Court. I stand by the point that I have made, which is that for the period in which a rent freeze was in operation in Berlin, the number of new rental properties that were available to rent fell. I stand by that point. Independent studies of what has happened in Berlin have shown that. That is...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: Yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: The CSO data show that 75% of tenants have either employee, self-employed or director income. This gave an indication regarding the number who would be liable to receive the tax credit.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: I am informed that we have figures in relation to how many children could be in that rented accommodation. My officials tell me, however, that this information is approximately three years old. We are happy to share the information with the committee, although it will take a couple of hours for us to get it for the committee.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: Yes. The CSO acknowledges that not all tenants will be captured in this analysis.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: I accept that there is extrapolation. I have explained to the Deputy the line of logic that has been used to get to the figure. However, I would not describe it as a guesstimate or guessing because this is the best source of information open to me. In any event, if we underestimated the number of tenancies that will be liable to receive the tax credit and it turns out that more than...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: Tenants, yes.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: We have rounded the figure up to 400,000 tenants, so there is some flexibility in our costing. We acknowledge in the calculation that there are some limitations in the data available to us.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: It was 382,000.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: We just rounded up the figure to 400,000.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: I cannot second-guess the CSO. It does not have information available to indicate by what quantum that figure could be underestimated. That means I have to accept its figure and add in some rounding at the end in case there is a deficiency in our calculation.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: Yes, it is the case that the advice I have received from my officials over the last number of years has pointed to the risks that are there. However, just because I reached a different view in relation to bringing in this rent credit does not mean I ignored the advice of my officials. I considered what my officials advised me in relation to this. I believed that while there is a risk of...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)
Paschal Donohoe: Yes.