Results 7,981-8,000 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Credit Unions (2 Nov 2021)

Paschal Donohoe: On 18 September 2021 it was announced that two credit union backed funds had received regulatory approval from the Central Bank to lend to Approved Housing Bodies (AHBs) for the purposes of delivering social and affordable housing. These include the Credit Union Approved Housing Body Fund and the Credit Union Development Association (CUDA) backed Approved Housing Body Fund. Since 1...

Written Answers — Department of Finance: Film Industry (2 Nov 2021)

Paschal Donohoe: Section 481 provides relief in the form of a corporation tax credit related to the cost of production of certain films. 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 the Irish culture. Finance Act 2018 introduced a short-term, tapered regional uplift for...

Written Answers — Department of Finance: Departmental Policies (2 Nov 2021)

Paschal Donohoe: Cryptocurrencies and their exchanges/platforms are not currently regulated and do not currently require an authorisation or licence from the Central Bank of Ireland. In April 2020 the Central Bank issued its to the European Commission public consultation on the Markets in Crypto-Assets, highlighting the views of the Central Bank on crypto-assets. Risks associated with certain...

Written Answers — Department of Finance: Departmental Contracts (2 Nov 2021)

Paschal Donohoe: Deputy, In relation to your question concerning existing contracts of an indefinite duration entered into prior to the enactment of the EU Procurement Directive, I wish to advise that my Department currently has four such contracts entered into prior to 26 February 2014. Details of these four contracts are tabled below: Supplier Name Description of service ...

Written Answers — Department of Finance: Public Sector Pay (2 Nov 2021)

Paschal Donohoe: I propose to take Questions Nos. 293, 294, 295, 296 and 297 together. By way of background, I am advised by Revenue that the rationalisation and integration of General Service and Departmental Taxes grading structures in Revenue followed an extensive industrial relations negotiation and communications process more than 18 years ago, in the lead-up to Integration Day on 1 January 2003....

Written Answers — Department of Finance: Environmental Policy (2 Nov 2021)

Paschal Donohoe: As referred to in my reply to PQ No 368 on 19th October 2021 it is for the European Commission, under the provisions of the regulation on the EU Taxonomy for sustainable activities, to propose for adoption a complementary climate delegated act on activities not covered in the first delegated act, which itself is not yet adopted. This complementary act is expected to determine whether nuclear...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (2 Nov 2021)

Paschal Donohoe: I am advised by the Minister for Enterprise, Trade and Employment that in situations where employers are genuinely unable to meet their financial obligations, due to Covid-19 or any other reason, in paying statutory redundancy to their employees due to financial difficulties or insolvency, the State can fund statutory redundancy payments from the Social Insurance Fund (SIF) on their behalf. ...

Written Answers — Department of Finance: Banking Sector (2 Nov 2021)

Paschal Donohoe: As the Deputy may be aware, as Minister for Finance, I have no role in the commercial decisions made by any bank in the State. This includes banks in which the State has a shareholding. Decisions in this regard, including the management of branch or ATM networks, are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial...

Written Answers — Department of Finance: Insurance Coverage (2 Nov 2021)

Paschal Donohoe: At the outset, I am very conscious that the issue raised by the Deputy is a sensitive issue, and that the death of a child is a tragic event for any parent. However, the Deputy will be aware that 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....

Seanad: Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021: Committee Stage (21 Oct 2021)

Paschal Donohoe: I thank the Senator for the issues he has raised on behalf of Senator Higgins. I look forward to debating these matters with her directly on Report Stage. I will go through the different issues the Senator raised. The first relates to the eligibility criteria and whether it is appropriate that any government be in the position of selling off its share in an asset it currently publicly...

Seanad: Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021: Committee Stage (21 Oct 2021)

Paschal Donohoe: I do not propose to accept this amendment to add a new section 8 to the Bill. This amendment provides for the publication of a report outlining details on two separate matters: first, measures taken to ensure appropriate safeguards and separation between ESM co-operation with the EU Commission in the area of policy; and second, ESM engagement with private citizens. I will say a word about...

Seanad: Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021: Committee Stage (21 Oct 2021)

Paschal Donohoe: This amendment will provide for the publication of a report outlining where compliance with EU fiscal criteria has precluded public investment or required public services or infrastructure to be delivered off balance sheet with the additional costs associated with such short-term expenditure versus long-term investment. It is important to recognise the EU fiscal rules do not limit the level...

Written Answers — Department of Finance: Public Sector Pay (21 Oct 2021)

Paschal Donohoe: I am advised by Revenue that Clerical Officers who were on Career Break on 1 January 2003 are not eligible to receive the Annual Personal to Holder (APTH) payment. This is because they were not serving in Revenue on 1 January 2003 (Integration Day), the designated date by reference to which eligibility for payment of the APTH was determined. The background is that following an extensive...

Written Answers — Department of Finance: Tax Exemptions (21 Oct 2021)

Paschal Donohoe: The 2012 report of the Interdepartmental Group on the Design of a Property Tax considered the issue of introducing an exemption or waiver for property owners below a certain income threshold. Having considered the possible inequities and administrative challenges of such an exemption or waiver structure the group recommended instead a deferral scheme that would assist property owners in a...

Written Answers — Department of Finance: Tax Yield (21 Oct 2021)

Paschal Donohoe: You are aware that, on Friday 8th October, Ireland joined 135 other member jurisdictions of the OECD/G20 Inclusive Framework in reaching a high level agreement on a two-pillar solution to address tax challenges arising from the digitisation of the economy in recent years. There are two pillars to the OECD agreement. Pillar One will see a reallocation of a proportion of profits to the...

Written Answers — Department of Finance: Departmental Consultations (21 Oct 2021)

Paschal Donohoe: I can inform the Deputy that the responses to the Department of Finance's public consultation on the OECD tax reform proposals was published on my Department's website on Thursday 14 October 2021. The submissions are available at the following link: www.gov.ie/en/publication/5e8d3-responses-to-oecd-tax-reform -consultation/.

Written Answers — Department of Finance: Banking Sector (21 Oct 2021)

Paschal Donohoe: Officials from my Department contacted the Central Bank of Ireland regarding the Deputy's question and received the following response: "The Central Bank cannot comment on its engagements with individual regulated entities, due to supervisory confidentiality obligations. The Central Bank expects Banks to take a consumer-focused approach in respect of any decision that affects their...

Written Answers — Department of Finance: Insurance Coverage (21 Oct 2021)

Paschal Donohoe: At the outset it is important to note that neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis. This position is reinforced by the EU Single Market framework for insurance (the Solvency II Directive) which expressly prohibits Member States from doing so....

Written Answers — Department of Finance: Tax Rebates (21 Oct 2021)

Paschal Donohoe: Following the withdrawal of the UK from the European Union, goods moving into this country from Great Britain are treated as imports from a third country, i.e. from outside the EU. I am advised by Revenue that, where goods are imported into Ireland from a third country like Great Britain, the importer is required to complete a customs declaration and pay customs duty, if applicable, and VAT....

Written Answers — Department of Finance: Banking Sector (21 Oct 2021)

Paschal Donohoe: The Central Bank of Ireland has statutory responsibility for the regulation of mortgage lending by banks and other regulated entities. In line with this mandate, the Central Bank introduced macroprudential measures for residential mortgage lending in February 2015. The objective of these mortgage measures is to increase the resilience of the banking sector and households and to reduce the...