Results 5,201-5,220 of 33,118 for speaker:Paschal Donohoe

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

Paschal Donohoe: It is important to be crystal clear about the change that has happened now versus then. It is also important to refer to the further changes we are bringing in. We have significantly strengthened the powers of our regulator and the resources that are available to that office’s staff to ensure that our banks are better regulated, that the behaviour that the Chairman played his role in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

Paschal Donohoe: Sure.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

Paschal Donohoe: I met the representatives of the group who have been affected by this. I have met constituents who have gone through the very kind of misery the Chairman is referring to and which he and the committee has highlighted, and am well aware of the hurt that was caused. I would make the case that surely the language of the regulator in condemning what had happened, and the magnitude of the fine...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

Paschal Donohoe: I believe pre-legislative scrutiny has already happened.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

Paschal Donohoe: We will do Second Stage and I will be bringing the Bill back here then on Committee Stage.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

Paschal Donohoe: There will be ample opportunity then.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

Paschal Donohoe: The Minister of State, Deputy Fleming, has done a great job. I have been happy to support and help him in this work and to engage with the credit union movement on bringing forward some very practical changes which are being well received by our credit unions. As I said to Deputy Durkan a moment ago, there is clearly a great deal of change happening organically in our credit union movement,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

Paschal Donohoe: The PEP programme is a matter for the Department of Justice, not the Department of Finance. It relates to anti-money laundering legislation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

Paschal Donohoe: Sure. I will do that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

Paschal Donohoe: I will have to brief myself on that matter.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (Resumed) (21 Sep 2022)

Paschal Donohoe: As I understand it, it is purely an investment. The relationship between the management and the board of Permanent TSB and that investor will not be any different from the relationship that a board would have with any one large investor within its company.

Written Answers — Department of Finance: Tax Data (20 Sep 2022)

Paschal Donohoe: Ireland has signed 76 comprehensive double taxation agreements (DTAs), 73 of which are in effect. A full list of all of Ireland’s DTAs is at Table 1. The text of each DTA, together with any amending Protocols, can be found on the Revenue website under the relevant country heading. The rates of withholding tax in Ireland’s DTA’s in respect of dividend, interest and...

Written Answers — Department of Finance: Pension Levy (20 Sep 2022)

Paschal Donohoe: As the Deputy is aware the pension fund levy was introduced in 2011 to support the recovery of the wider economy and was time bound in duration. For the years 2011, 2012 and 2013, the rate was 0.60% of the pension scheme assets. For the year 2014, the rate was 0.75% of the assets and for the year 2015, the final year of the levy, the rate was 0.15%. The levy went to fund the tax reductions...

Written Answers — Department of Finance: Tax Exemptions (20 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 Budget decision.

Written Answers — Department of Finance: Tax Reliefs (20 Sep 2022)

Paschal Donohoe: I am advised by Revenue that there are a number of administrative and legislative provisions under which employers can support employees in working from home. Employees may incur certain expenditure in the performance of their duties working from home, such as additional heating, electricity, and broadband costs. Revenue operates a long-standing administrative practice which allows an...

Written Answers — Department of Finance: Energy Prices (20 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: Charitable and Voluntary Organisations (20 Sep 2022)

Paschal Donohoe: I propose to take Questions Nos. 210 and 213 together. 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 Reliefs (20 Sep 2022)

Paschal Donohoe: As the Deputy may be aware, for Capital Acquisitions Tax (CAT) purposes, the relationship between the person giving a gift or inheritance (i.e. the disponer) and the person who receives it (i.e. the beneficiary) determines the maximum amount, known as the “Group threshold”, below which CAT does not arise. The Group A threshold (currently €335,000) applies, inter alia,...

Written Answers — Department of Finance: Departmental Transport (20 Sep 2022)

Paschal Donohoe: I wish to inform the Deputy that my Department does not own any vehicles. Of the bodies under the aegis of my Department, 3 own vehicles. These are the Central Bank, the National Treasury Management Agency (NTMA) and the Office of the Revenue Commissioners, and they have advised as follows: The Central Bank is carrying out a review of its vehicles to identify electric replacements for...

Written Answers — Department of Finance: Banking Sector (20 Sep 2022)

Paschal Donohoe: Firstly, I want to welcome the respective decisions of Ulster Bank and KBC to remove certain maintenance fees. This will reduce the cost that customers may incur by potentially having two current accounts open at once during the mass migration of accounts. While I welcome these actions, as Minister for Finance, I do not have a direct function in the operations of any bank. Although the State...