Results 6,561-6,580 of 32,527 for speaker:Paschal Donohoe

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: No. The Deputy is wrong.

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: As I did not have the chance to deal with it on Committee Stage I will deal with the latter point raised by Deputy Tóibín before I deal with Deputy Doherty's amendment. The VAT rating for goods and services is subject to EU VAT law that our law must comply with. In general, the VAT directive provides that all goods and services are liable to VAT at the standard rate, currently...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: One hand knows exactly what the other hand is doing which is why we are bringing forward this measure. If the change in biofuel was happening and it was not accompanied by the offset that I am putting in place, Sinn Féin would be critical of that. We are putting in place the offset and the Deputy is still critical of it. This is a measure that has the potential to and will affect the...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: If there was ever an example of how, regardless of what you do, Sinn Féin will just have the same response, it is Deputy Doherty's response here. The reason we are doing it from 1 April is that according to the Department of Transport, the reserves that are now in place will need time to pass through the fuel system. The change in the biofuel obligation, while it will happen from 1...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: I move amendment No. 21: In page 97, between lines 2 and 3, to insert the following:“Amendment of Schedule 2 to Finance Act 1999 (mineral oil tax) 42.The Finance Act 1999 is amended with effect as on and from 1 April 2022 by the substitution of the following Schedule for Schedule 2: “SCHEDULE 2 RATES OF MINERAL OIL TAX With effect as on and from: Light...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: The reason I am bringing forward this measure is to contribute to offsetting the impact on the price at the pump that could be caused by the implementation of this biofuel obligation. It is being implemented from 1 April because I am informed by the Minister for Transport that it will take a number of months for the change in the biofuel obligation to pass through into the price at the pump....

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: Yes.

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: I never said that.

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: We are building public housing. The most dangerous concept in politics is that there is no alternative. I would never suggest that. We are building public housing and social housing. That is happening at scale. I was with the Taoiseach earlier today in St. Mary's Mansions on Sean McDermott Street. I saw a wonderful project delivered by Dublin City Council and Clúid. Let us look at...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: To deliver for the housing needs our country has now as well as for the housing needs that will grow into the future, we require the savings of other parts of the world to be invested in building homes in Ireland. That is because, given the size of our economy, the banks we have left, the youth of our population and the homes we will need, we will need savings from elsewhere in order to fund...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: Did Deputy Boyd Barrett say he was responsible for the onshoring of intellectual property into Ireland?

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: And that questioning led to that happening?

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: That is not what the Deputy said in his earlier contribution. I am glad he clarified it, because if he had said it, though he is a Deputy for whom I have an awful lot of respect, it would be ludicrous to claim that any Opposition Deputy played a role in the onshoring of intellectual property into our country. He said something I will home in on. He said they would stay here. That...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: Data centres play an important role in the retention and attraction of foreign direct investment into our country. The policies his party is putting forward on personal taxation look to increase the marginal tax rate for people who I accept are well paid, but our levels of marginal taxation play a role in ensuring our country can be competitive. They make a contribution to it and the...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: It is correct that this amendment concerns important issues regarding information on the impact this change in corporate tax will have on the competitiveness of our country and on our national finances. However, this discussion must begin with a recognition of the value these companies bring to our economy and society in the first place. I laud what Deputies Ring and Lahart said when they...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: For the Government to include a commitment to compile a report on this topic in the Finance Bill, one of the signature Bills the Oireachtas handles every year, would send out a signal that we are considering doing this, but we are not. While such a move is politically attractive and I understand why many who are looking on could see the initial appeal of something like this, those who are...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: I do not expect the main vehicle for drawing down this relief to be DACs; I expect that it will be companies involved in the production of games and that they will have a more stable relationship with their employees than would be the case in the film sector. It is not a requirement of this legislation that a DAC be in place to access this relief. I understand that the existence of DACs in...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: The Deputies may recall that in 2018, my Department produced a detailed technical note for the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach on the subject of both bank losses and corporation tax losses more generally. This technical note was published online and is still available. The technical note considered in some detail the potential implications of...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: Look at how much time Deputy Boyd Barrett and I spend together.

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: The tax credit for digital games is a cultural relief. Therefore, in order to avail of the credit, a digital game development company must first apply to the Minister for Tourism, Culture, Arts, Sport, Gaeltacht and Media for a cultural certificate. As part of the certification process, the company will be required to complete an undertaking in respect of quality employment to qualify for...