Results 7,481-7,500 of 33,175 for speaker:Paschal Donohoe
- 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. 50: In page 72, line 23, to delete “resident in the State” and substitute “members of an interest group”.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)
Paschal Donohoe: How would Deputy Boyd Barrett describe himself? Is he above or below the line?
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)
Paschal Donohoe: Section 481 provides a 32% payable credit 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 challenging period of the...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)
Paschal Donohoe: I thank the Deputy and will deal with the different points he has made. I will make a point I think is relevant to the concern the Deputy raised about the role and operation of DACs. A DAC is required to exist for a year after the cessation of a project in order to receive that tax benefits of section 481. That may not have been relevant a few years ago because we did not have the kind of...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)
Paschal Donohoe: I will begin by briefly explaining why this does not represent a change of policy by the Government in this area. Section 32 amends the definition of "eligible expenditure" in section 481 to confirm the current practice that payments made directly by a qualifying company, in respect of the provision of labour-only services by an individual, for the purposes of the production of a qualifying...
- 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. 53: In page 78, line 20, to delete “an EEA state” and substitute “a European Economic Area (EEA) state”. Section 33 introduces a new relief for the digital gaming sector. The aim of the measure is to provide an incentive to digital games developers to produce digital games that contribute to the promotion and expression of Irish and...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)
Paschal Donohoe: We hope to get a positive response from the Commission on this issue. As we developed the relief, we looked closely at equivalent reliefs in other EU jurisdictions and we modelled it on our own section 481, so we are hopeful of a positive response on it. Obviously, that cannot be guaranteed. We expect that the overall procedure for gaining that approval could take nine to 12 months. We...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)
Paschal Donohoe: The Deputy is correct that this is a sector in which Ireland could be doing a lot better. If you look at the strengths we have in animation and, more broadly, in the digital sector, the ingredients are there for Ireland to do far better than it is doing. We have engaged with the sector. The measure we have brought forward has received a very positive response from the sector. We have...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)
Paschal Donohoe: It is comparable to the situation in France. France has a rate of 30%, while ours is 32%. The rates in the UK are between 19% and 25% but it does not have a maximum claim. Our 32% rate compares really well to our fellow EU member but it also has the quality of being the same rate that we charge under section 481. I thought it important that there be consistency between it and the rate for...
- 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. 54: In page 79, line 15, to delete “European Economic Area (EEA)” and substitute “EEA”.
- 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. 55: In page 80, line 27, to delete “to be”.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (Resumed) (17 Nov 2021)
Paschal Donohoe: For clarification, the amendment is grouped with another amendment. As it was not moved, does that mean we will not have an opportunity to speak to the other amendment?
- 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. 57: In page 83, to delete lines 20 to 22 and substitute the following: “(b) as respects claims made under subsection (19), the interim certificate has expired,”.
- 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. 58: In page 84, line 17, to delete “relevant”.
- 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. 59: In page 85, to delete lines 28 to 31 and substitute the following: “other than where— (A) those arrangements relate to the development of part of the interim digital game or the qualifying digital game in a territory other than a territory referred to in clause (I) or (II) of subparagraph (i),”.
- 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. 60: In page 85, line 36, to delete “production” and substitute “development”.