Results 5,681-5,700 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Foreign Direct Investment (16 Jun 2022)

Paschal Donohoe: I understand that the revised proposals in respect of Corporation tax profits which the Deputy is referring to in his question relate to the projected cost of joining the agreement by the OECD/G20 Inclusive Framework on BEPS last October through a two-pillared solution to address tax challenges arising from the digitalisation of the economy. Pillar One will see a reallocation of 25% of...

Written Answers — Department of Finance: Economic Data (16 Jun 2022)

Paschal Donohoe: As it stands, Ireland remains one of the strongest performers in the European Union. Irish exports recorded a robust start to 2022, with a continued strong performance in the multinational sector. The Irish modified current account, which strips out the distorting effects of globalisation, is in a very strong position and is expected to remain in surplus over the medium term. The Irish labour...

Written Answers — Department of Finance: Inflation Rate (16 Jun 2022)

Paschal Donohoe: Consumer price (HICP) inflation picked up sharply over the second half of last year and stood at 8.3 per cent in May – a multi-decade high. Almost every advanced economy in the world is in the same position, with euro area inflation reaching a record 8.1 per cent in May. The key driver behind the elevated level of inflation at present is the sharp rise in wholesale energy prices,...

Written Answers — Department of Finance: Inflation Rate (16 Jun 2022)

Paschal Donohoe: My Department continues to monitor all aspects of the property market, including the rate of inflation in the housing market, on an ongoing basis. According to the most recent figures released by the Central Statistics Office, the National Residential Property Price Index increased by 15.2 per cent in the twelve months to March 2022. The Consumer Price Index also shows that private rents have...

Written Answers — Department of Finance: Economic Data (16 Jun 2022)

Paschal Donohoe: Prior to the pandemic Irish economic fundamentals were strong, with robust growth, a labour market close to full employment, relatively modest credit growth, and surpluses in the underlying current account and the public finances. The outbreak of the Covid-19 pandemic turned the economy on its head, but we weathered the storm and achieved a remarkable economic recovery. The economy is...

Written Answers — Department of Finance: Cost of Living Issues (16 Jun 2022)

Paschal Donohoe: I propose to take Questions Nos. 206 and 207 together. Inflation picked up sharply over the course of the last year with the HICP index standing at 8.3 per cent in May, a multi-decade high. Almost every advanced country in the world is in the same position, with euro area HICP inflation reaching a record 8.1 per cent in May. The key driver behind the elevated level of inflation at...

Written Answers — Department of Finance: Financial Instruments (16 Jun 2022)

Paschal Donohoe: The Living City Initiative, provided for in Finance Act 2013 and commenced on 5 May 2015, is a tax incentive aimed at the regeneration of the historic inner cities of Cork, Dublin, Galway, Kilkenny, Limerick and Waterford. The scheme provides income or corporation tax relief for qualifying expenditure incurred in refurbishing/converting qualifying buildings which are located within...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (16 Jun 2022)

Paschal Donohoe: Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the Employment Wage Subsidy Scheme (EWSS) which is an economy-wide enterprise support for eligible businesses in respect of eligible employees. The scheme closed with effect from 31 May 2022. As the Deputy will be aware, eligibility to EWSS is based on the employer demonstrating that its...

Written Answers — Department of Finance: Tax Collection (16 Jun 2022)

Paschal Donohoe: I am advised by Revenue that a breakdown of Local Property Tax (LPT) receipts by Electoral Division is not available as this information is not captured within the LPT return. A breakdown of LPT receipts by Local Authority area is published annually and is available on the Revenue website, under the statistics section. The most recent breakdown can be found of page 5 of the Local Property Tax...

Written Answers — Department of Finance: Departmental Policies (16 Jun 2022)

Paschal Donohoe: I propose to take Questions Nos. 211 and 212 together. I wish to advise the Deputy that in 2015, the Department of Public Expenditure and Reform published a revised Dignity at Work Policy, Dignity at Work - an Anti-Bullying, Harassment and Sexual Harassment Policyfor the Civil Service,which was developed in partnership between the Civil Service Management and Staff Unions. The revised policy,...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (15 Jun 2022)

Paschal Donohoe: The Government is well aware of the importance of energy supply for any economy, particularly a small open economy like our own, and is taking measures to ensure that in the time ahead we can preserve continuity of energy supply even at a time when we know that prices are changing. I am aware of the very specific issue being raised by the Deputy and, indeed, Deputy Griffin has also raised...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (15 Jun 2022)

Paschal Donohoe: As the Deputy will appreciate, given the sensitivity of the matter and the really important healthcare decisions that are made when a new drug is made available, it is not a decision the Minister, Deputy Donnelly, himself or even, I believe, the Department of Health makes. There is an outside body that advises them on the purchases of new drugs that should be made, to whom they should be...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (15 Jun 2022)

Paschal Donohoe: The Minister, Deputy Foley, is aware of this issue. She is aware of the importance of class sizes and the role they play in delivering the kind of education our young girls and boys need. I am sure she will listen very carefully and try to respond to the issue the Deputy raises.

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (15 Jun 2022)

Paschal Donohoe: The Minister, Deputy Donnelly, is very much aware of the pressure patients and staff in University Hospital Limerick are facing. If those beds are delivered as quickly as possible, it will help with the pressures Deputy Quinlivan has raised. The Department of Health is looking at what additional measures can be put in place to deal with the real challenges there at present with hospital...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (15 Jun 2022)

Paschal Donohoe: We absolutely appreciate the huge challenges many are facing with the rising cost of living. Deputy Griffin will know the measures we have put in place to reduce excise are among the biggest excise reductions governments across Europe have put in place. My focus at the moment is on how we can support again and intervene again when we prepare and deliver the budget. I believe the budget is...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (15 Jun 2022)

Paschal Donohoe: We cannot stop a bank leaving if it decides to leave. The Central Bank cannot do so and the Government cannot do so, and the Deputy knows that. Looking at the supervisory measures that are in place, a central bank cannot stop a bank if it decides it is going to close a branch, and I think Deputy McNamara is aware of that. Am I happy with the supervisory efforts of the Central Bank in...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (15 Jun 2022)

Paschal Donohoe: I know how important the summer camps are at a time when schools are closed and families need some additional support to get through a summer that can sometimes feel very long. I am sure the matter is being progressed if the Deputy has already raised it with the Taoiseach, but I will also follow up on it with the Minister for Health.

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (15 Jun 2022)

Paschal Donohoe: The Government will do all it can to support the development of Shannon Airport. It is a critical airport for aviation and for supporting the local economies to which the Deputy referred. The Government has not made a final decision on how funding from the Brexit adjustment reserve fund could be used against airports like that, but I will keep in mind what he has said. I am aware of the...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (15 Jun 2022)

Paschal Donohoe: I thank the Deputy for raising this issue. We are now at a very early stage in putting together budget 2023. The programme for Government is very clear. We want to put in place an environment that ensures that as wages go up, those who are working so hard for those wages, in particular at a time when the cost of living is going up, also see higher wages feed through into an improvement in...

Ceisteanna ar Pholasaí nó ar Reachtaíocht – Questions on Policy or Legislation (15 Jun 2022)

Paschal Donohoe: That is a decision made by the National Transport Authority rather than by the Department of Transport or the Minister, Deputy Ryan. I am sure the Deputy has raised his concerns with and given his views directly to the NTA. I am sure that if this is a matter that is important to him, Deputy Higgins is also engaged with and following up on the matter. I will ensure the National Transport...