Results 7,741-7,760 of 33,175 for speaker:Paschal Donohoe

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: The Deputy is correct because I still believed it was appropriate that in some circumstances, an acknowledgement of a role of a company would be maintained.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: We will publish it early next year but I would anticipate, given the scale of the legislation and its complexity, that it could easily take us up to the recess of next summer to get it done. This will be a-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: Of course it is and I will spare no effort in bringing it forward but I anticipate that there will be a fair amount of consideration and debate on it. Any delay in it being implemented once it is published, however, will not be due to lack of time from me in the Oireachtas.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: We have such extensive legislation in place to try to protect individuals if they end up in a vulnerable position, particularly if their mortgage is part of a loan book that is sold, so they receive a very high level of protection from our laws. I believe we have done that. I am aware that Deputy Durkan is frequently contacted by people in his constituency and beyond who are in difficulty....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: There are certainly no shrinking violets in this committee. Deputy Durkan and all the other members face these issues regularly on behalf of their constituents. Given the legal framework we now have in place and the change that has happened in our banking sector, I believe that sensitive and vulnerable issues are dealt with in a fair way in many cases. I acknowledge that there are also a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: In the initial phase of the application of SEAR, it will be credit institutions; insurance undertakings; investment firms which underwrite on a firm commitment basis and-or deal on their own account and-or are authorised to hold client moneys and assets; and third country branches of the aforementioned entities. On the entities that could be brought into SEAR in the future, the main ones are...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: I am not sufficiently informed on that issue to give the kind of answer to it that you deserve. After the meeting, I will consult with my officials on the issue and give you a response in writing on it by the end of the week.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: Very shortly, I will bring to the Government a recommendation for a review and reassessment of banking policy for our country, given the many different issues you have just touched on, Chairman. As part of that process, I will invite submissions from different stakeholders to hear their views on the future of Irish banking. To be explicit, will I create a forum to lead to the development of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: I am not going on any tour, Chairman. In Housing for All there is an action step against that to look at what kind of engagement can happen that might lead to more homes being built in Ireland. The reason funds can play a role in the delivery of more homes here in Ireland is that it is a way of channelling savings in other countries into more homes in Ireland, and that is it. As part of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: It will be.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: Did Mr. Lawlor go to the Ombudsman?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: I will get briefed on the circumstances of the individual who appeared before the committee. Of course, I will see what the status of this issue is with the banks, but I have to recognise the fact that the Central Bank has been through this issue and the ombudsman has played a very active role in it and I cannot second-guess or undermine the judgment or views they have reached in respect of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: I can keep on speaking when the Deputy speaks; I am well capable of doing it. It continues to be a source of interest to me that the Deputy makes the briefest of points to me and when I deal with it, the only reaction he can have is to try to shout down my response. The point I made, and continued to make it despite the Deputy shouting at me, is that I am unsure why he should offer the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: First of all, what I outlined earlier on is not a diversionary approach.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

Paschal Donohoe: As I said earlier on, it would be my strong preference that we be clear that it would be the individual who would pay the fine. Up to this point and as far as I am aware, it is not possible to legislate for circumstances in which an employer may pay a fine on behalf of an individual. Again, as we take this legislation through the House this is something we can debate further and I am happy...

Ceisteanna Eile - Other Questions: Tax Code (9 Nov 2021)

Paschal Donohoe: I gave a short answer to the Deputy's first question and I will give a short answer to the second one as well. It is a very low share of the total amount of tax that we take in. I accept that it has not been changed for some time and I thank the Deputy for bringing it to my attention.

Ceisteanna Eile - Other Questions: Tax Credits (9 Nov 2021)

Paschal Donohoe: I thank the Deputy. I would be interested in seeing that research if it is possible for the Deputy to give me a copy.

Ceisteanna Eile - Other Questions: Tax Credits (9 Nov 2021)

Paschal Donohoe: The Deputy will be aware there is tax relief available on medical expenses and on many different forms of healthcare. I entirely recognise that for a family looking after a child who has a very high level of medical need, the financial costs involved are exceptional. What the Government tries to do through the supports we make available to that family, through measures in the social welfare...

Ceisteanna Eile - Other Questions: Tax Credits (9 Nov 2021)

Paschal Donohoe: The issue of the funding of the very important services to which Deputy Naughten refers is separate to the operation of this credit. I know the Minister for Public Expenditure and Reform and the Minister for Health did an awful lot of work in the run-up to the recent budget to increase significantly the funding available for many of the services the Deputy has referred to. The Minister,...