Results 9,381-9,400 of 33,175 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Apr 2021)

Paschal Donohoe: I assume the Deputy is seeking the total expenditure on the Employment Wage Subsidy Scheme (EWSS) and its predecessor, the Temporary Wage Subsidy Scheme (TWSS) since March 2020 and I will answer as such. The TWSS was in place for 22 weeks between 26 March and 31 August 2020. It was introduced as an emergency income support for employees of vulnerable firms whose businesses had been...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Apr 2021)

Paschal Donohoe: The legislative basis for the Covid Restrictions Support Scheme (CRSS) is provided by Section 11 of the Finance Act 2020 and is available to companies, self-employed individuals and partnerships who carry on a trade or trading activities the profits of which are chargeable to tax under Case 1 of Schedule D. A qualifying business must operate from a premises located in a region that is...

Written Answers — Department of Finance: Tax Collection (21 Apr 2021)

Paschal Donohoe: The vacant site levy falls within the area of responsibility of the Minister for Housing, Local Government and Heritage and is not a matter for the Minister for Finance. In relation to a site value tax, the 2012 report of the Inter-departmental Group on the Design of a Local Property Tax comprehensively examined the basis of assessment for the Local Property Tax (LPT), including both the...

Written Answers — Department of Finance: Appointments to State Boards (21 Apr 2021)

Paschal Donohoe: The State Boards under the remit of my Department are the Central Bank Commission, the Credit Union Restructuring Board, the Financial Services and Pensions Ombudsman, Home Building Finance Ireland, the Irish Fiscal Advisory Council, the National Asset Management Agency, the National Treasury Management Agency and the Strategic Banking Corporation of Ireland. It should be noted that having...

Written Answers — Department of Finance: Customs and Excise (21 Apr 2021)

Paschal Donohoe: I am advised by Revenue that the receipts from Betting Duty in each of the years 2015 to 2019 are published at link: . The receipts for 2020 are €86.8 million. This amount is provisional at this time and may be subject to adjustment. Betting Duty receipts for 2021 are forecast to be in the region of €100 million.

Written Answers — Department of Finance: Tax Code (21 Apr 2021)

Paschal Donohoe: The tax treatment of the transfer of ownership of an aircraft will depend on the facts and circumstances pertaining to that transfer. The treatment may vary depending on: - whether the transfer was carried out in the course of a trade carried on in Ireland, - the place where the parties to the transfer are resident for tax purposes, and - the manner in which the transfer took place –...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (21 Apr 2021)

Paschal Donohoe: The CRSS is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to combat the effects of the Covid-19 pandemic. Details of the CRSS are set out in Finance Act 2020 and detailed operational guidelines, which are based on the terms and conditions of the scheme as set out in the legislation, have been published on...

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

Paschal Donohoe: As the Deputy may be aware, under a previous Programme for Government commitment I have thoroughly examined the possibility of implementing a public banking system. My Department published a paper in December 2019 by Indecon Consulting on an Evaluation of the Concept of Community Banking in Ireland. This was a follow on to a previous paper on Local Public Banking published by my Department...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: I am pleased to have the opportunity to appear before the committee today in connection with the 2021 Revised Estimates for the Department of Finance for Vote 7 and for the other Votes within the finance group: the Office of the Comptroller and Auditor General, Vote 8, the Office of the Revenue Commissioners, Vote 9, and the Tax Appeals Commission, Vote 10. I look forward to an exchange with...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: The Deputy is right to say that President Biden's proposals have had a very considerable impact on the process under way in the OECD. Ireland's 12.5% tax rate is a very stable, competitive and transparent rate and one I stand behind. Regarding a global minimum effective tax rate, the principles of what that figure is and how it will be implemented have yet to be discussed within the OECD....

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: First, we are participating in a negotiation. This is not a debate, it is not an academic process. This is a negotiation which will be unfolding across more than 120 countries within the OECD and clearly the very largest countries within the debate, namely those in the G7 and G20, have made the case for a global minimum effective tax rate. However, while the US Government has said what the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: Yes, I believe it is.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: We would not have got into that level of detail yet because the only expenditure ceiling I published in the SPU was a total Government figure for current spending of 3.5%. I am not aware that it has been broken out at departmental level up to 2025.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: I do not have the information to hand to be able to answer that question.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: The Cepartmental element of it is a matter for the Minister, Deputy Michael McGrath, and I am responsible for the total ceiling. To the best of my knowledge, the Departmental element of that does not now go out all the way up to 2025.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: Of course.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: I was very clear when I published the SPU that it was being prepared on a no policy change basis. It will be the case that if the Government makes further decisions that influence the level of expenditure we have for next year and beyond then that will change the expenditure ceilings. As the Deputy knows, the SPU is prepared strictly on the basis of decisions that have already been taken...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: I do not have the cost of the consultation. I will by all means share it with the Deputy. The report has not been published. I was considering it during the last Government and have not published it to date.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: I will consider when I publish it. It was made available to inform me and help me in policy choices I might make about the banking sector and I did not make a set of choices that merited the publication of the report.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (20 Apr 2021)

Paschal Donohoe: I am willing to publish it. I will consider what is the right point to do that, to inform the debate we are having on the banking sector.