Results 7,221-7,240 of 33,175 for speaker:Paschal Donohoe

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...

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

Paschal Donohoe: I will continue to monitor this industry and look at the implementation of this relief. I am not going to comment on the individual case the Deputy has referred to because it is not appropriate for me to do so in the Dáil. As the Deputy and I discussed on Committee Stage, we got to an important point in August 2020 when the Workplace Relations Commission reported on the outcome of...

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

Paschal Donohoe: The Taxes Consolidation Act 1997 provides a 32% payable relief for eligible expenditure on film production in Ireland. The scheme is intended to act as a stimulus to the creation of an indigenous film industry in the State, creating quality employment opportunities and supporting the expression of Irish culture. The audiovisual sector has largely continued to function through the most...

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

Paschal Donohoe: As I informed the Deputy on Committee Stage of the Bill, wealth can be taxed in a variety of ways, some of which are already levied in Ireland. Capital gains tax and capital acquisitions tax are, in effect, taxes on wealth in that they are paid by an individual or company on the disposal or acquisition of an asset through gift or inheritance. Deposit interest retention tax, DIRT, is charged...

Written Answers — Department of Finance: Primary Medical Certificates (2 Dec 2021)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from Vehicle Registration Tax and VAT on the purchase and use of an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to certain charitable organisations. In order to qualify for relief,...

Written Answers — Department of Finance: Primary Medical Certificates (2 Dec 2021)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from Vehicle Registration Tax and VAT on the purchase and use of an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to certain charitable organisations. In order to qualify for relief,...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (2 Dec 2021)

Paschal Donohoe: The objective of the Employment Wage Subsidy Scheme (EWSS) is to support employment and maintain the link between the employer and employee insofar as is possible. The EWSS has been a key component of the Government’s response to the Covid-19 crisis. In money terms, the overall support provided to-date (25thNovember) by EWSS is almost €6.5 billion comprising direct...

Written Answers — Department of Finance: Tax Reliefs (2 Dec 2021)

Paschal Donohoe: The Living City Initiative (LCI) (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 Dublin, Cork, 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...

Written Answers — Department of Finance: European Union (2 Dec 2021)

Paschal Donohoe: I propose to take Questions Nos. 28 and 29 together. I am advised by Revenue that the VAT rating of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. The VAT Directive obliges each Member State to have a standard rate of VAT and also allows that a Member State may choose to have no more than two reduced rates of VAT, which may be no less...

Written Answers — Department of Finance: Tax Code (2 Dec 2021)

Paschal Donohoe: VRT is a tax chargeable on the registration of vehicles in the State and is levied as a percentage of the open market selling price (OMSP) of the vehicle. It is a nationwide tax paid upon registration of a vehicle in the State, based on its emissions profile. A VRT surcharge based on nitrogen oxide (NOx) emissions levels was introduced in Budget 2020 in recognition of the negative...

Written Answers — Department of Finance: Apple Escrow Account (2 Dec 2021)

Paschal Donohoe: As the Deputy will know, in April 2018, the Minister for Finance and Apple Sales International Limited and Apple Operations Europe Limited entered into an escrow framework deed giving legal effect to arrangements for the recovery of the alleged State aid to Apple. The deed provides that each party pays its own fees and expenses incurred in respect of the drafting of the deed. Therefore...

Written Answers — Department of Finance: Departmental Expenditure (2 Dec 2021)

Paschal Donohoe: The amount expended on Light & Heat by the Department of Finance in each of the past five years up to end November 2021 is as follows:  2017 2018 2019 2020 2021 Light & Heat Costs 130,422.80 115,759.74 138,807.68 135,404.05 106,788.12

Written Answers — Department of Finance: Departmental Properties (2 Dec 2021)

Paschal Donohoe: My Department continues to implement measures to improve ventilation across the buildings under its remit. The measures to improve natural ventilation of buildings includes the following; the opening of windows, a reduced onsite workforce facilitated through working from home, and the revision of the maximum occupational capacity of offices to ensure a safe physical distancing of staff. To...