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Ceisteanna Eile - Other Questions: Housing Schemes (21 Sep 2021)

Paschal Donohoe: The reason fewer purchases happened is because of how long the economy was locked down in 2020. There were fewer opportunities for homes to be bought than there would have been in the previous year.

Ceisteanna Eile - Other Questions: Housing Schemes (21 Sep 2021)

Paschal Donohoe: The reason the cost went up is because in the middle of the year we enhanced the scheme. That is the reason. As to the point Deputy Smyth made, as I stated a moment ago, I am well aware of the importance of the scheme. If Deputy Connolly is concerned about the answer I gave, she would even be more concerned if I indicated a budget day decision three weeks before the budget. All of these...

Ceisteanna Eile - Other Questions: Tax Code (21 Sep 2021)

Paschal Donohoe: I propose to take Questions Nos. 8, 209, 211 and 227 together. The 140 members of the OECD's inclusive framework on base erosion and profit shifting, BEPS, continue to work on a two-pillar proposal towards finding a consensus solution to address the tax challenges of digitalisation and globalisation of the economy. Many of the key policy decisions of the two-pillar proposal, including...

Ceisteanna Eile - Other Questions: Tax Code (21 Sep 2021)

Paschal Donohoe: I thank Deputy Nash for his point and I, of course, respect also the judgment he is bringing to bear on this and the view of the Labour Party on it. The key point I would make to the Dáil this evening, however, is the current text in relation to this agreement contains far too many uncertainties for me to be able to recommend to the Government and then to the Dáil that we should...

Ceisteanna Eile - Other Questions: Covid-19 Pandemic Supports (21 Sep 2021)

Paschal Donohoe: Of course the Government will consider if we can do anything on the issues the Deputies raised. The EWSS is in place and we have to make a decision as part of the budgetary process regarding the future of the scheme, how long it will be in place and what subsidies will be available for its future duration. A scheme such as that will contribute to the ability of employers to recover from the...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: EU Funding (21 Sep 2021)

Paschal Donohoe: I do not hear much stony silence in regard to the costs. A growing theme of the public debate that is under way is an appreciation of the increase in our national debt and what that could mean for generations to come. Unlike the banking guarantee, the debt incurred in dealing with the Covid crisis played a direct role in saving jobs in our domestic economy at a time they were needed. It...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: EU Funding (21 Sep 2021)

Paschal Donohoe: The Deputy will come into the House and say the public health measures are too demanding but when the Government brings forward a plan to lighten and moderate those public health measures and allow restaurants to successfully reopen in the way they did this summer, Deputy Tóibín is against it. He talked earlier about his instincts. He says he is in favour of changing public health...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: EU Funding (21 Sep 2021)

Paschal Donohoe: Of course the Deputy does not want it acknowledged that the measure succeeded. He is against stony silence except when a charge is being made about him.

Ceisteanna Eile - Other Questions: Covid-19 Pandemic Supports (21 Sep 2021)

Paschal Donohoe: I propose to take Questions Nos. 6, 14, 16, 25, 37, 41, 50, 54 and 62 together. The business resumption support scheme is a new support for businesses impacted by Covid-19. It is administered by Revenue. To qualify for the scheme, a business must carry on a trade or trading activities the profits from which are chargeable to tax under case I of Schedule D. The business must possess a...

Ceisteanna Eile - Other Questions: Covid-19 Pandemic Supports (21 Sep 2021)

Paschal Donohoe: I thank the Deputies for the points they made, some of which I will try to address. First, in terms of the number of covered companies and employers that have registered for the support scheme, this reminds me of where we were with the CRSS, in that registration at the start of the scheme tended to be lower than I expected. When we launched the scheme, I was asked in the early phase of that...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (21 Sep 2021)

Paschal Donohoe: Time will be used to ensure that when I make a decision on the introduction of this tax, it will be a tax that is effective and plays the role I want it to play which is the conversion of vacant properties into homes that families and those who need housing will use. Bringing in such a measure on the use of property is something I need to get right. It needs to be effective and must be...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (21 Sep 2021)

Paschal Donohoe: Actually, I have much thought out in relation to what we will do.

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (21 Sep 2021)

Paschal Donohoe: The Deputy wants to give a speech. I want to put in place a tax that will make a difference.

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (21 Sep 2021)

Paschal Donohoe: I will continue with the work that is under way because, of course, I am aware of the need to get more homes built and to turn vacant properties into family homes. That is the reason we have Housing for All, in which there are record levels of investment. It is also the reason that year-on-year, during the last Government, more money was made available-----

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (21 Sep 2021)

Paschal Donohoe: -----to build more homes and which led to those homes being built. As the Deputy knows, it is simply not appropriate for me to comment on-----

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (21 Sep 2021)

Paschal Donohoe: -----the detail of a policy in relation to taxation until it is communicated in a finance Bill or on budget day. That is what I will do.

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: EU Funding (21 Sep 2021)

Paschal Donohoe: Of the money we spent on Covid and supporting our society through a time of such challenge, I am unclear what element of that spending the Deputy was against. Was he against the introduction of the pandemic unemployment payment? Was he against the introduction of the employment wage subsidy scheme? Was he against putting more money into our hospitals as our citizens needed support and...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: EU Funding (21 Sep 2021)

Paschal Donohoe: Instinct is appropriate here and it was an appropriate word for the Deputy to conclude his question on. What instinct of his is motivating him? During the many lockdowns we had to go through when our country was going through waves of Covid, at what point would he have lightened the public health measures? At what point would he have made the decision, when there were hundreds of people in...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (21 Sep 2021)

Paschal Donohoe: I thank the Deputies. Deputy Doherty touched on a point I was going to make to Deputy Nash regarding information that was contained in the Christian Aid report. That report noted that since the changes were made by me and accepted by the Dáil in November 2018, only four companies have been incorporated in Ireland with a place of business registered in Malta. The measures that I...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Tax Code (21 Sep 2021)

Paschal Donohoe: The Christian Aid report shows that the number of companies that have been registered in Malta since the measures I brought in took effect is small. Was I aware of this behaviour? No, I was not. Will the Revenue Commissioners be informing me of the detail of the affairs of any one taxpayer? No, they will not. They will advise me on the generality of any matter. As to me laying out on...

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