Results 7,641-7,660 of 33,175 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: That is all good. What time will we run until after that?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: Perfect.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: I will deal with the questions the Deputy has put to me about remote working, which is the subject of this section. Overall, employers should bear the cost of providing the equipment that their employees need to work from home. The employer would have to provide that equipment and those facilities anyway were the work to be taking place in a work environment, inside an office or a formal...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: I was not suggesting that the Deputy was saying that the taxpayer should take on more of the costs that the employer would normally have. I was responding back to the question the Deputy put to me about the balance that we need to think about between the taxpayer and the employer. In the measure that we have here, we are trying to get that balance right. The Deputy also put a question to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: I have not considered that, mainly because it is not my area of policy responsibility. That matter would sit with the Department of Enterprise, Trade and Employment. I would be reluctant to see this matter dealt with through legislation. It is better off that this is dealt with on an employer-by-employer basis with those who work with them. We have gone through many months of mass-scale...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: I will deal with the issues relating to SARP put by Deputy Boyd Barrett. I will begin by describing the schemes in place in other countries. France has an inpatriate allowance which offers a reduction of between 30% and 50% of the remuneration of individuals on the scheme. Malta has a highly qualified persons scheme that offers a 15% flat rate of tax on all employment income. The...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: Amendments Nos. 12 and 165 have been grouped. Addressing amendment No. 12 first, the Deputy’s amendment proposes the introduction of a new tax credit for those who have paid construction defect levies to their owners’ management company up to 15 years ago. The remediation of defects in housing is a complex problem which has caused great anxiety for ordinary homeowners across...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: I thank the Deputies for their contributions. It is possible to be on the side of the citizens of our country and not support this amendment. The reason I do not support it is that the work the two Deputies are calling for is already under way. That work is in respect of the awful issue that so many are confronting in Donegal and beyond with mica, where they have seen what they hoped to be...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: At this point I want to indicate that it is my expectation that I will bring forward an amendment to section 4 on Report Stage.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: The reason the help-to-buy scheme has a role to play in our tax code is I believe it is appropriate that our tax policy gives help to somebody who is buying his or her first home, particularly when that first home is a new build, thereby leading to additional supply. There is a difference in philosophy between Sinn Féin and me on this. Sinn Féin believes that people are looking...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: -----get full consideration.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: The review will, in truth, take a little longer than early in the new year. We will engage with the Deputy before the end of this year on his ideas. It is going to take probably a fair bit of next year to do this work, but we are happy to engage with the Deputy.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: I take very seriously the views that all Deputies bring forward in relation to this and any other matter in the Finance Bill. This is a policy that covers approximately 11% to 12% of all of the transactions in the housing market. Therefore, the charge that this is a significant contribution to housing price inflation in the context of it covering a very low share of transactions is...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: I support section 5.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: Agreed.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: Agreed.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

Paschal Donohoe: I thank the Deputy for her questions. I was reflecting on the point she made regarding the Chinese economic zone. We will have to come back to her with an answer on that. On the rationale for this section and whether it applies to leased aircraft, and the Deputy's important points on whether we conducted an risk analysis and what kind of benefit we thought it would have, I do not believe...