Results 8,441-8,460 of 33,923 for speaker:Paschal Donohoe

Finance Bill 2021: Financial Resolutions (10 Nov 2021)

Paschal Donohoe: I move the following Resolutions: THAT Chapters 1, 2 and 2A of Part 30 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which relate to occupational pension schemes, retirement annuities and personal retirement savings accounts, be amended in the manner and to the extent specified in the Act giving effect to this Resolution, to provide for the removal of the Approved Minimum Retirement...

Written Answers — Department of Finance: Tax Collection (10 Nov 2021)

Paschal Donohoe: Revenue has already extended the return filing date for self-assessed taxpayers to 17 November (from 31 October) and has extended the Local Property Tax (LPT) filing date to 5pm on 10 November (from 7 November). Revenue has advised me that while no further extensions to the self-assessed deadline are envisaged at this time, the situation is being kept under review. Under the...

Written Answers — Department of Finance: Departmental Advertising (10 Nov 2021)

Paschal Donohoe: The information requested by the Deputy in relation to the amount spent by my Department on advertising from 2011 to date in 2021 is set out in the following table. Year Description Amount 2011 Appointments of Board of Directors of Banks in Irish Times, Independent and Examiner €4,880.38 Notices re:...

Written Answers — Department of Finance: National Treasury Management Agency (10 Nov 2021)

Paschal Donohoe: I am advised by the National Treasury Management Agency (NTMA) that the details of negative interest charges published in their Annual Report 2020 relate to negative interest charges incurred in respect of accounts held at the Central Bank of Ireland for the purpose of the performance by the NTMA of certain of its statutory functions. In respect of the National Debt, details of negative...

Written Answers — Department of Finance: Banking Sector (10 Nov 2021)

Paschal Donohoe: Bank of Ireland has provided officials in my Department with the following update in relation to the Deputy's question: “In the context of recent changes to the branch network, the Bank committed to ensuring that no town would be left without access to an ATM. In early 2021, the Bank identified four locations where it was closing a branch where there was no alternative...

Written Answers — Department of Finance: Primary Medical Certificates (10 Nov 2021)

Paschal Donohoe: The Disabled Drivers & Disabled Passengers Scheme provides relief from VRT and VAT on the purchase and use of an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to certain organisations. In order to qualify for relief the applicant must hold a...

Written Answers — Department of Finance: Tax Yield (10 Nov 2021)

Paschal Donohoe: The additional carbon tax revenue yield estimate of €9.5 billion was based on an increase in the rate of the carbon tax to €100 per tonne by 2030 above the €20 per tonne rate that existed until 2019. The table provided at the following link therefore sets out the projected additional revenue raised in each year through increases in the carbon tax rate from...

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: My statement deals with both together, but I am happy to take questions in whatever format the Chair would like.

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: Okay, I thank the Chair. I apologise to the committee for being a few moments late. I had to move some financial resolutions and Supplementary Estimates in the House. I thank the committee for the opportunity to be here. From their outset in 2013, Ireland has constructively engaged with the global tax discussions and we have already significantly reformed our tax system to be in line with...

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 anticipate there will be about 100 multinational enterprises worldwide, the majority of which that are located in Ireland will be subject to this agreement. I cannot give a forecast at the moment on changes over time in the event of changes to the entry threshold to this.

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 is 100 global companies that will be subject to this agreement.

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 see if I can get that information for the Deputy as the meeting goes on. I did use information when I was making the announcement on how many presences here in Ireland would be covered in the agreement. I will get that information as proceedings go on and I will make it available to the committee.

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 is very difficult to say if it will increase at all after seven years. It is difficult for me to give a forecast on that. If it does increase further I would expect it to be an incremental increase as opposed to an increase of multiples.

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 do not have any revised figures on the revenue loss. We are currently engaged in 11 days of meetings on the technical nature of the agreement on the rate. I anticipate that, at the end of this year and early next year, a huge amount of technical work will develop within the OECD on the reallocation of taxing rights. The point at which I can offer a revision of the revenue impact 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: The Deputy's logic as regards the pillar relating to the rate is correct. If the rate goes up, assuming no change in our revenue base, that in isolation will lead to higher revenue. That assumption is correct. I have always said that where we will lose revenue will not be on the change in the rate; it will be due to the reallocation of taxing rights. A key issue that I have always been...

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: At the earliest stage that I have a figure I am confident I can stand over, I will, of course, share it. For so long we have worked under the shadow of what global tax reform will look like and what impact it will have on our Exchequer. As soon as I have figures that I am confident are robust and that I can share with the Exchequer, we will share them with the Deputy and this committee. I...