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Seanad: Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021: Report and Final Stages (4 Nov 2021)

Paschal Donohoe: It is quite a literary horizon from Discworld to the entrepreneurial state to Capital in the Twenty-First Century. Terry Pratchett, may he rest in peace, wrote about much but I missed his book on European monetary union, if he wrote one. If he did, I am sure it is worth a read. On the views of Piketty and Mazzucato on the future of Europe and economic policy in relation to it, the degree...

Written Answers — Department of Finance: Fuel Prices (4 Nov 2021)

Paschal Donohoe: I propose to take Questions Nos. 250 and 252 together. The price of petrol and diesel is determined by a number of factors including taxation, the price of the raw materials, the prevailing exchange rates as well as the fact the different wholesalers can enter into forward contracts at different rates for the purchase of oil. The price of fuel on the forecourt is set by the individual...

Written Answers — Department of Finance: Tax Exemptions (4 Nov 2021)

Paschal Donohoe: The Finance (Local Property Tax) Act 2012 (as amended) provides for certain properties to be exempt from LPT during the current valuation period (2013 to 2021) and the next valuation period (2022 to 2025) where they meet certain qualifying conditions. However, certain exemptions will expire on 31 December 2021 and as such will not be available for the new valuation period. These include...

Written Answers — Department of Finance: Cross-Border Co-operation (4 Nov 2021)

Paschal Donohoe: I can inform the Deputy that the Department of Finance has no record of funding allocated to cross-Border Project Ireland 2040 infrastructure projects in 2021, 2022 and 2023. The Deputy will note that my response refers only to Department of Finance records and I cannot comment on behalf of other Departments.

Written Answers — Department of Finance: Cross-Border Co-operation (4 Nov 2021)

Paschal Donohoe: I can inform the Deputy that the Department of Finance has no record of spending on current cross-Border initiatives and has no commitments to funding goods or services related to cross-Border initiatives in 2021, 2022 and 2023. The Deputy will note that my response refers only to Department of Finance records and I cannot comment on behalf of other Departments.

Written Answers — Department of Finance: Tax Code (4 Nov 2021)

Paschal Donohoe: Defibrillators, other than implantable defibrillators, are liable to VAT at the standard rate, which in Ireland is 23%. Parts or accessories are also liable to VAT at the standard rate. There is no provision under existing VAT law that would make it possible to apply a reduced rate or zero rate to the supply of such products. Under the EU VAT Directive, Member States may retain the zero rate...

Finance Bill 2021: Referral to Select Committee (3 Nov 2021)

Paschal Donohoe: I move: That the Bill be referred to the Select Committee on Finance, Public Expenditure and Reform, and Taoiseach pursuant to Standing Orders (3)(a) and 181(1).

Finance Bill 2021: Second Stage (Resumed) (3 Nov 2021)

Paschal Donohoe: Deputy O'Donoghue comments on aviation were perhaps the most extraordinary I have heard made by a Deputy from Limerick and the mid-west make in some time. I hope those who work in Shannon Airport and who depend on a living from aviation in his county and region, and who work in tourism who are eager to see the return of international tourists to our shores and who recognise the value of...

Finance Bill 2021: Second Stage (Resumed) (3 Nov 2021)

Paschal Donohoe: These were the measures that led to the reopening of our hospitality sector. These were the measures that led to tens of thousands of people being able to go back to work during the summer period. The use of those certificates and those public health measures-----

Finance Bill 2021: Second Stage (Resumed) (3 Nov 2021)

Paschal Donohoe: -----in particular across the summer period that led to the parts of our economy, which the Deputy claims to champion, being able to reopen.

Finance Bill 2021: Second Stage (Resumed) (3 Nov 2021)

Paschal Donohoe: I acknowledge the fact that many children cannot practice the sports they want, as the Deputy correctly said. I accept this is something - health permitting - we want to change. However, the Deputy's credibility on those matters is continually and gravelly undermined-----

Finance Bill 2021: Second Stage (Resumed) (3 Nov 2021)

Paschal Donohoe: -----given his sustained opposition to measures that allowed our country to safely reopen for a period of time, notwithstanding the significant challenge we still face-----

Finance Bill 2021: Second Stage (Resumed) (3 Nov 2021)

Paschal Donohoe: -----in regard to Covid and the worrying figures the House is, of course, aware of with the increase in the community transmission of Covid in recent weeks.

Finance Bill 2021: Second Stage (Resumed) (3 Nov 2021)

Paschal Donohoe: I listened to the debate this evening and remained for it, as I should. This Finance Bill is within a context that is very different from the one introduced a year ago. While we are correct to continue to have a sense of anxiety and a focus on the current level of Covid and how we can reduce it further, this is also a health context that is fundamentally different from a year ago due to a...

Finance Bill 2021: Second Stage (Resumed) (3 Nov 2021)

Paschal Donohoe: It is the party's policy on taxation. I understand why such charges always provoke this reaction from Sinn Féin.

Finance Bill 2021: Second Stage (Resumed) (3 Nov 2021)

Paschal Donohoe: It is because it is the truth. The only measure that the party has would benefit the most valuable houses and those who own them. On the question of where our economy stands, I welcome the support from many on the impact of the EWSS and the CRSS, as well as the PUP. These protected employers, those who work for them and income at a time the pandemic was at its very worst. Those...

Finance Bill 2021: Second Stage (Resumed) (3 Nov 2021)

Paschal Donohoe: I very much appreciate the contributions Deputies have made during an important Second Stage debate on the Finance Bill. I will structure my comments based on some of the themes that I have heard. I will begin with the climate crisis, move on to the cost of living and then talk about where we are from an employment point of view. I will then respond to some specific points that were made...

Finance Bill 2021: Second Stage (Resumed) (3 Nov 2021)

Paschal Donohoe: I will not be accused by the Deputy of the language that I have used being a threat to democracy. I ask her to withdraw that.

Finance Bill 2021: Second Stage (Resumed) (3 Nov 2021)

Paschal Donohoe: I did.

Finance Bill 2021: Second Stage (3 Nov 2021)

Paschal Donohoe: I move: "That the Bill be now read a Second Time." We are here to start our consideration of the Finance Bill 2021, which will give the necessary legal basis to the decisions announced in the budget and make a number of other necessary changes to tax legislation. The budget addressed the major issues facing Ireland: climate change, Covid and housing. In this budget we aim to support...

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