Results 8,641-8,660 of 33,175 for speaker:Paschal Donohoe

Finance (Local Property Tax) (Amendment) Bill 2021: Committee and Remaining Stages (14 Jul 2021)

Paschal Donohoe: I do not want this process to be equated with questions of trust. We understand the challenges being faced by homeowners. I do not want it to be inferred in any way that by not accepting this amendment, we have in any way issues with trust with regard to the very serious matters being raised. There are reasons that I have advanced for why this exemption is structured as it is. It is based...

Written Answers — Department of Finance: Tax Yield (14 Jul 2021)

Paschal Donohoe: It is assumed the Deputy is referring to Stamp Duty payable on certain leases for residential houses or apartments. I am advised by Revenue that the amounts raised for the most recent three years through Stamp Duty on all such liable residential leases, including both short-term and long-term leases, is provided in the table below. Year Stamp Duty Paid ...

Written Answers — Department of Finance: Tax Yield (14 Jul 2021)

Paschal Donohoe: The personal, employee and earned income tax credits are currently €1,650. On the basis of a straight line 4% reduction per €2,000 on incomes over €120,000, it would appear that the credits taper out completely by €170,000, with zero credits applying on incomes greater than €170,000. I am advised by Revenue that the first and full year yield of such a...

Written Answers — Department of Finance: Ministerial Communications (14 Jul 2021)

Paschal Donohoe: I have not had a formal bilateral meeting with my Swedish counterpart, Magdalena Andersson, in recent months. Both Minister Andersson and I participate in monthly ECOFIN meetings, with the Finance Ministers of all 27 EU Member States, where there are group discussions. In addition, in my capacity as President of the Eurogroup, I occasionally chair meetings of Eurogroup in inclusive format,...

Written Answers — Department of Finance: National Broadband Plan (14 Jul 2021)

Paschal Donohoe: I wish to advise the Deputy that my Department and the bodies under the aegis of my Department have not had any engagement with the National Broadband Plan in the past two months.

Written Answers — Department of Finance: Departmental Schemes (14 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 82 and 89 together. The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with a deposit they need to buy or build a new house or apartment. The incentive gives a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C...

Written Answers — Department of Finance: Departmental Correspondence (14 Jul 2021)

Paschal Donohoe: In October 2018, a new correspondence management solution, ‘eCorrespondence’, was rolled out in my Department with the aim of streamlining the internal processing and management of correspondence. This application, provided under the Office of the Government Chief Information Officer’s (OGCIO) Build to Share programme, is used to electronically capture, prioritise, track...

Written Answers — Department of Finance: Tax Yield (14 Jul 2021)

Paschal Donohoe: I propose to take Questions Nos. 84 and 85 together. A Ready Reckoner is available on the Revenue Statistics webpage at the following link: www.revenue.ie/en/corporate/documents/statistics/ready-recko ner.pdf. Revenue's Ready Reckoner includes on pages 18 to 21, the estimated yield from various changes to Stamp Duty rates and on page 25 the estimated yield from changes to Excise charges on...

Written Answers — Department of Finance: Departmental Correspondence (14 Jul 2021)

Paschal Donohoe: As the Deputy will be aware, the Minister for Housing, Local Government and Heritage, has established an Independent Working Group to examine the issue of defective housing. Officials from my Department participate in this Working Group. The objectives of the group are to identify the scope of relevant significant defects in housing, to evaluate the scale of housing affected, to propose a...

Written Answers — Department of Finance: Departmental Schemes (14 Jul 2021)

Paschal Donohoe: The purpose of the Stay and Spend scheme was to provide targeted support to businesses within the hospitality sector whose operations are likely to be most affected by continued restrictions on public health grounds. The scheme ended on 30 April. Since 1 October 2020, a total of 66,900 receipts have been uploaded to the Revenue Receipts Tracker, as at 8 July 2021. The related...

Written Answers — Department of Finance: Tax Yield (14 Jul 2021)

Paschal Donohoe: On a straightforward, mathematical basis there is a large theoretical yield from increasing the corporation tax rate for trading income. However, the Economic and Social Research Institute (ESRI) reports that research from both the United States and Europe suggests that foreign direct investment (FDI) and the decisions of multinationals to locate in Ireland are highly sensitive to rates of...

Written Answers — Department of Finance: Tax Yield (14 Jul 2021)

Paschal Donohoe: The Carbon Tax receipts in respect of Marked Gas Oil (green diesel) for each of the years since its introduction in 2010 up to 2019 are published on the Revenue website at the following link: www.revenue.ie/en/corporate/information-about-revenue/statis tics/excise/receipts-volume-and-price/excise-receipts-commod ity.aspx. The provisional Carbon Tax receipts for 2020 are €65.3 million...

Written Answers — Department of Finance: Departmental Strategies (14 Jul 2021)

Paschal Donohoe: My Department promotes Action 16 of the National Disability and Inclusion Strategy 2017-2021 when implementing the Public Service ICT Strategy and also through implementation of the eGovernment Strategy 2017 – 2020, which states under the specific principle “Inclusiveness and accessibility” that “we will design digital public services that are inclusive by default...

Written Answers — Department of Finance: Departmental Strategies (14 Jul 2021)

Paschal Donohoe: My Department actively engages with a range of stakeholders in the delivery of its objectives including representatives from the community and voluntary sector and from groups representing people with disabilities, and regularly reviews and refreshes its stakeholder engagement structures to ensure there is a broad level of engagement across sectors. An example of this is the National...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Double Taxation Agreements: Minister for Finance (14 Jul 2021)

Paschal Donohoe: I thank the Chairman. I am pleased to bring before the committee two draft Government agreements giving force of law in Ireland to a new double taxation agreement with Kosovo and separately, a new protocol to the existing double taxation agreement with Germany. The new double taxation agreement with Kosovo was signed by ambassador O’Neill on behalf of Ireland and the acting head of...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Double Taxation Agreements: Minister for Finance (14 Jul 2021)

Paschal Donohoe: I may invite the Revenue Commissioners to come in as Mr. Eamon O'Dea is with me to give a more technical answer to the Deputy's question if he so wishes. The change we are making with regard to the taxation of dividends refers to the minimum holding period. The change we are making is in line with the recommended best practice of the OECD in this area. If the Deputy would like a bit more...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Double Taxation Agreements: Minister for Finance (14 Jul 2021)

Paschal Donohoe: We can certainly do that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Double Taxation Agreements: Minister for Finance (14 Jul 2021)

Paschal Donohoe: The commitments I have given are all consistent with Ireland's corporate tax roadmap which I published in January and which is publicly available. It refers to a number of areas. These include applying enhanced control foreign company rules to the list of non-co-operative jurisdictions, with effect from 1 January 2021. I am aiming to do this in the Finance Act 2020. I also committed to...