Results 8,221-8,240 of 33,175 for speaker:Paschal Donohoe

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance (23 Sep 2021)

Paschal Donohoe: I am engaging with the Commission on this and other matters. I will be in a position to give a full communication on those matters if and when Ireland enters the OECD agreement, if we decide to do so.

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance (23 Sep 2021)

Paschal Donohoe: That is an important question that I want to and will answer if we decide to enter into the OECD agreement. At that point, I will give the Deputy such an answer.

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance (23 Sep 2021)

Paschal Donohoe: That is the OECD tax agreement that is in place at the moment. The Tánaiste was completely correct in what he said. I will be able to outline how that will be implemented or any Commission engagement that is relevant to it if I decide to recommend that Ireland enter into the agreement.

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance (23 Sep 2021)

Paschal Donohoe: That is why I am engaged in a delicate and important negotiation on a critical matter for our country. When those discussions are concluded, of course I will be in a position to fulfil the answers to the Deputy's questions and his information needs.

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance (23 Sep 2021)

Paschal Donohoe: Let me conclude. The Deputy is asking me about the nature of engagement that I have had with the Commission. When that engagement is concluded, I will then be in a position to answer the Deputy's question, and the Tánaiste was correct in what he said.

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance (23 Sep 2021)

Paschal Donohoe: I am standing by and have exactly the same view as the Tánaiste on this matter. When we conclude the negotiation in this process, I will be able to spell out and detail any engagement that I have had on this matter with the Commission or elsewhere.

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance (23 Sep 2021)

Paschal Donohoe: Yes, there will be a role for the NTMA in any scenario ahead with regard to our debt because it is on such a large scale. Second, within the scale of the health budget there will absolutely be the ability to give good consideration to the issues raised by the Deputy.

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance (23 Sep 2021)

Paschal Donohoe: Yes, indeed. That is why the NTMA has a national savings bond and many existing ways in which the savings of those resident in our country can be used in a productive way and can be invested in activities that the NTMA runs. Those facilities are there at the moment. I know that for many, they are not attractive, given the interest rates that are available on them currently, but they are...

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance (23 Sep 2021)

Paschal Donohoe: They could be incentivised further, but all of these things do carry a further cost with them.

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance (23 Sep 2021)

Paschal Donohoe: As I told the Deputy a moment ago and have said to other colleagues, this is why we will have a national development plan. Within that plan there will be the ability to make progress on many of the capital needs that are required to make progress, particularly in housing. It is a really big plan. Housing for All already shows the many ways in which we can make progress.

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance (23 Sep 2021)

Paschal Donohoe: The corporate tax regime that we have at the moment has been capable of yielding really significant increases in corporate tax revenue over the last number of years, much of which has been used to invest in capital expenditure or to try to respond to the social needs that we have currently. I believe the corporate tax structure that we have at the moment is effective in meeting the needs to...

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance (23 Sep 2021)

Paschal Donohoe: I think the Deputy and his political party are the only ones left that are still making the case for wealth taxes. I do not mean it in a pejorative way. While I do disagree with the Deputy on many of the matters that we debate---

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance (23 Sep 2021)

Paschal Donohoe: The Sinn Féin support for the wealth tax comes and goes. It supported it a while ago but then I did not hear it mentioned for a long time. I hear it being mentioned the odd time again now.

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance (23 Sep 2021)

Paschal Donohoe: Maybe it is about to make a comeback. It is not in every alternative budget Sinn Féin has put forward.

Committee on Budgetary Oversight: Pre-Budget 2022 Scrutiny (Resumed): Minister for Finance (23 Sep 2021)

Paschal Donohoe: The Deputy who holds the prize for consistency with regard to wealth tax is Deputy Boyd Barrett rather than Deputy Doherty.

Written Answers — Department of Finance: Tax Code (23 Sep 2021)

Paschal Donohoe: I assume that the Deputy’s question may relate to the taxation of cross-border workers who are Irish resident but commute to work in another jurisdiction and claim relief in accordance with section 825A Taxes Consolidation Act 1997, which is commonly referred to as Trans-Border Workers’ Relief. The relief effectively removes the foreign employment income from a liability to...

Written Answers — Department of Finance: Budget 2022 (23 Sep 2021)

Paschal Donohoe: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Budget 2022 (23 Sep 2021)

Paschal Donohoe: In advance of the Budget, as Minister for Finance I receive a large number of pre-budget submissions on a wide range of issues. These can range from highly detailed and developed proposals for specific changes to existing taxes, reliefs, exemptions and allowances to more straightforward requests, for example, to increase the single person tax credit. Many submissions contain proposals...

Written Answers — Department of Finance: Fiscal Data (23 Sep 2021)

Paschal Donohoe: The Department of Finance published a report entitled Population Ageing and the Public Finances in Ireland on Friday September 17th. The purpose of the report is to highlight the likely economic and budgetary impacts of population ageing in Ireland over the coming decades. Included in the report, for illustrative purposes, is a hypothetical simulation that analyses the potential evolution of...

Written Answers — Department of Finance: Defective Building Materials (23 Sep 2021)

Paschal Donohoe: I propose to take Questions Nos. 207 to 209, inclusive, together. Local Property Tax (LPT) operates on a self-assessment basis and it is a matter for the property owner in the first instance, to calculate the tax due based on his or her assessment of the market value of the property. When making an assessment, issues such as the presence of pyrite would be one of the factors that a...