Results 81-100 of 34,444 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: I move amendment No. 38: In page 59, to delete lines 13 to 16, and substitute the following: “beneficially owned by the relevant person, or in the case of a relevant person who is a relevant contractor is deemed, by virtue of subsection (3)(d), to be beneficially owned by the relevant person, on the relevant date.”.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: I move amendment No. 39: In page 59, to delete line 17 and substitute the following: “(7)Any amount of eligible expenditure incurred by a relevant person in”.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: I move amendment No. 40: In page 59, line 31, to delete “subsection (4)” and substitute “subsection (5)”.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: I move amendment No. 41: In page 59, to delete line 32 and substitute the following: “(8)Where expenditure is incurred by a relevant person in connection with”.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: I move amendment No. 42: In page 59, to delete line 37 and substitute the following: “(9) (a) A claim under this section shall be made by a relevant person”.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: I move amendment No. 43: In page 60, to delete lines 8 and 9 and substitute the following: “(10) (a) Where, in computing for tax purposes the profits of a relevant property development trade or a qualifying trade, as the case may be, an enhanced deduction has been”.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: I move amendment No. 44: In page 60, line 16, to delete “relevant property development trade” and substitute “relevant property development trade or a qualifying trade, as the case may be,”.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: I thank the three Deputies for the contributions they have made. First, the reason I am proposing the section to the committee today is because of my view that this will lead to more apartments being built. If we look at the apartment trends we saw develop across last year, we have seen that the number of new apartments that are being commenced and completed is going in the wrong direction....

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: I thank the Deputies very much for those questions. I accept there is an issue with productivity in the private sector, and indeed in the public sector, with regard to the delivery of more homes but in the answer I gave to Deputy O'Callaghan, I made the point the Department of housing already has many different measures under way to support productivity within the sector. I outlined what...

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: This is the reason we have the residential zoned land tax, RZLT. It is a measure that is now being implemented. It is designed to deal with the issue the Deputy is referring to. If people have land that is zoned for residential land and the value of it goes up and the commencement of homes is not happening on it, they are now taxed on the increased value of that land. That is the reason...

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: I accept there is an issue. There is equally a profound issue with the challenge that we have. As of quarter 1 of 2025, for example - I am sure there are more recent figures available with regard to this - 39,000 apartments within our State were permitted but not commenced. I am trying to find a way in which we can increase the ability for those 39,000 apartments to be built. It would...

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: I will make a concluding point. I have pointed again and again to the fact that the funding and investment that is available to the State to deliver more homes has massively gone up. It is going to go up again by a further €15 billion. This measure is accompanied by the State playing a larger and larger role in the direct building of homes within our country, which is exactly what...

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: The Deputy has requested a report on the budget and housing market effects of tax reliefs and incentives available to property developers and on alternative approaches to achieving housing supply objectives without such tax expenditures. Targeted tax incentives to encourage developers to build more apartments and increased capital investment in infrastructure to support new schemes form...

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: This is why we brought in the residential zoned land tax-----

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: What else-----

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: This is why we brought in the RZLT.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: It is kind of an intellectual leap to say the subsidies we are making available are having an adverse effect with regard to productivity in the private sector. I really do not follow that argument, particularly given that the subsidies we are making available and those that are spending related are tied into the commencement of homes. You cannot get secure tenancy affordable rental, STAR,...

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: And the number of new homes being built under these schemes is going up.

Select Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Finance Bill 2025: Committee Stage (Resumed) (6 Nov 2025)

Paschal Donohoe: I agree with the need to review these schemes individually, which we are doing. The Deputy makes a fair point, namely, that we should take a step back and look at the interplay between all of these different schemes. However, as regards the number of schemes that are available to facilitate the delivery of new homes, a smaller number of those schemes are available on the tax end of things...