Results 7,441-7,460 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Financial Instruments (17 Nov 2021)

Paschal Donohoe: As the Deputy may be aware the purpose of this amendment was to make a change to section 40 of the Capital Acquisitions Tax Consolidation Act 2003, which provides for a charge to capital acquisitions tax in relation to the free use of property. The central thrust of the amendment was to change the methodology for valuing the free use of cash in the form of an interest-free or low...

Written Answers — Department of Finance: Housing Schemes (17 Nov 2021)

Paschal Donohoe: The Help to Buy (HTB) incentive, is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in Ireland over the previous four years, subject to limits outlined in the legislation. Section 477C Taxes Consolidation Act (TCA) 1997 outlines the...

Written Answers — Department of Finance: Insurance Industry (17 Nov 2021)

Paschal Donohoe: At the outset, it is important to note that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank of Ireland can intervene in the provision or pricing of insurance products, or have the power to direct insurance companies to provide cover in such circumstances. This position is reinforced by the EU...

Written Answers — Department of Finance: Tax Code (17 Nov 2021)

Paschal Donohoe: The VAT rating of goods and services is subject to the provisions of EU VAT law, with which Irish VAT law must comply. There is no provision in the VAT Directive to exempt the supply of assistive technology and mainstream technology devices. However, there is a VAT refund order in place (Refund Order (No.15) 1981) which provides for the refund of VAT on goods purchased for use by...

Written Answers — Department of Finance: Tax Code (17 Nov 2021)

Paschal Donohoe: I propose to take Questions Nos. 73, 74 and 75 together. The Deputy has requested the number of rental and residential properties disposed of in each of the years 2016 to 2020 and to date in 2021 in circumstances in which those properties were acquired between 7 December 2011 and 31 December 2014 and as such are not subject to capital gains tax under section 604A of the Taxes...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: Next year, the Government will invest €4 billion in the delivery of more homes in our country. We will invest €2.6 billion directly through the Exchequer and a further €1.5 billion through the Land Development Agency. The funding we have, in current terms alone, for responding to our housing needs is €1.4 billion. What is that leading to? This year, it is...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: I will make a few brief points in the same spirit as Deputy Doherty. He made his points quickly and I will do the same.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: Regarding the first set of questions that the Deputy put to me, I have no current plans to travel to meet such investors. I will put a question to the committee - if a group of businesses or a business is interested in building homes in Ireland, are we getting to a point in this debate where Sinn Féin is saying I should not meet it? If Deputy Doherty has the privilege of being Minister...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: I am giving the Deputy a response.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: The Deputy is well able to use a bit of rhetoric himself,-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: -----so just allow me to make a few points in return. It is a little rich for the Deputy to accuse me of using simplistic arguments or figures to make a case. I will turn to his argument on REITs and IREFs, but I will first welcome his acknowledgement that these entities play a role in purchasing-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: Let me finish, please. They play a role in purchasing apartments up front. The Deputy said that. What that enables developers to do is to have confidence that they have already pre-sold a certain share of the apartments they are going to build. That gives them the confidence they need to build the overall development. This is not an ideological view. Rather, it is the reality of what is...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: -----that are capable of providing the investment and credit that we will need to build more homes. I will turn to the Deputy's point on mica, which I want to discuss. If I decide to meet those who have been affected by this awful plight, it will not be because of the political points that the Deputy is making at this meeting. It will not be because of the cheap juxtaposition that he is...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: With regard to the final point the Deputy made on Northern Ireland, I am well aware of the responsibilities and differences between myself and the Minister of Finance, Mr. Murphy MLA. I am well aware of the starting point and the differences between housing prices in the North and here. I did not suggest the starting point was the same at any point. I simply said similar trends are on the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: I move amendment No. 33: In page 45, line 13, after “exercise” to insert “, directly or indirectly,”. I am introducing two amendments to section 30, which are technical amendments to correct a drafting error and to ensure the correct terminology is used in the legislation. The purpose of the amendments is to ensure the section operates as intended. They do...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)

Paschal Donohoe: I move amendment No. 34: In page 49, to delete lines 11 to 15 and substitute the following: “(i)is a common contractual fund, all obligations falling on the common contractual fund pursuant to this Part shall be fulfilled on behalf of the common contractual fund by the management company who is authorised to act on behalf, or for the purposes, of the common contractual fund and...