Results 5,961-5,980 of 33,883 for speaker:Paschal Donohoe

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

Paschal Donohoe: I thank the Chairman for raising this issue, as he regularly does. I know it has been an issue that has caused a lot of difficulty for the people on whose behalf the Chairman has raised it. He is aware that I cannot tell AIB to act in a certain way in relation to this matter. It goes back to the issue of commercial independence that I have to respect and I have already covered with the...

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

Paschal Donohoe: I believe our regulator, in the Central Bank, has put a huge amount of effort into this investigation, and has been instrumental in dealing with what is a scandal. I also believe that we, as a political class, do not serve ourselves well if we do not recognise the work that has been done by regulators that are now strengthened with new powers. It is also the case that when the...

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

Paschal Donohoe: I must have misheard the Chairman earlier, because I did comment on the regulator and AIB and the current CEO of AIB. The Chairman said a moment ago that he was not commenting on them. However, I think he said earlier that he felt we were not well served by our regulator. He made a point to me on why there has not been change in AIB. I think it is important to say a few things. Maybe I...

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

Paschal Donohoe: That is, in his saying there are no rules or regulations now.

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

Paschal Donohoe: I must have misunderstood what the Chairman said and my apologies.

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...