Results 10,241-10,260 of 32,547 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: The Revenue Commissioners publish top-line information in their annual report on the implementation of tax policy in particular areas and in features about taxpayers. I would anticipate that it could be possible to do that for this change as well. That is a matter for the Revenue Commissioners. Revenue will not be sharing sensitive taxpayer information beyond the organisation. They do not...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I think Deputy Canney signalled.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: The 2020 programme for Government contains several commitments related to working from home, including an examination of the feasibility and merit of changing tax arrangements to encourage more people to work remotely. The responsibility for this falls with my Department. There is also a commitment to the development of a national remote working strategy. To that end, an interdepartmental...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I will deal with each of the questions in turn. Deputy Mairéad Farrell asked about the original section 10 and the change being made in the seagoing naval tax credit. I am not suggesting for a moment that this is the Government's entire response to issues relating to the retention of naval personnel, particularly naval personnel who are at sea regularly. The Minister for Defence,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: Deputy Naughten understood the thrust of my response. I am sure there will be an opportunity to discuss all of this again on Report Stage. On Deputy Doherty's point about accelerated capital allowances, we are examining that. In the way he put his question, he recognised that it varies from company to company. There are companies which might move to a hybrid model in which their staff...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: The Deputy's amendments refer to reports on the tapering out of income tax credits at certain incomes and on the introduction of a high-income levy. The income tax reform plan published by my Department in July 2016 examined this issue due to the fact that A Programme for a Partnership Government contained a commitment to consider the removal of the PAYE credit for high earners as part of a...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: Agreed.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: Yes, that is correct. Section 11 refers to the CRSS.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I move amendment No. 9: In page 13, line 13, to delete "(18)" and substitute "(20)". I suggest that I speak about the group of amendments and then I can deal with questions from the committee on individual amendments that have been tabled in my name. With the permission of the committee I will speak on the group overall and after I have made my opening contribution on the group we can...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I thank all the Deputies. I will deal with the different points that have been put to me. As regards the first question put to me by Deputy Doherty, this is an advance trading credit. In that sense, it is not a grant. It is administered by the Revenue Commissioners. It is worth noting two things. First, there are other grant schemes that continue to run and I anticipate that they will...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: In response to Deputy Doherty and so that I am clear, this payment is going to these companies, many of which will receive it this week. It is similar to a grant. Grants are taxable as income. It is the case that one cannot claim against a loss twice. One cannot reduce a loss by use of this payment and then claim the same loss against one's tax liability for the year. This is a payment...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: Deputy Doherty made a point about the expansion of the scheme to parts of our economy that are significantly but indirectly affected by closed businesses. If he looks at the level of economic support we have provided in the round, he will see that, in terms of the scale of support and the number of policy measures, it is an overall package that compares strongly with what is available in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I believe the answer to the Deputy's question is "No". I propose to share with the committee, on Committee Stage, an example of how CRS would work in the circumstances the Deputy outlined in order that we will be better able to demonstrate the operation of the scheme in the circumstances to which he referred .

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I am going to try to get it done now. The fact that the Deputy asked whether I meant Report Stage makes me think I should have offered it then. It could be just a difference in understanding between the two of us in respect of the operation of the scheme. A worked-out example, which I will try to get done before Wednesday, could be of help. Because this is a new policy, it is leading to a...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I have nothing further to add at this point.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I move amendment No. 10: In page 13, line 44, to delete “(b)” and substitute “(c)”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I move amendment No. 11: In page 14, line 12, to delete “restrict” and substitute “which have the effect of restricting the conduct of”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I move amendment No. 12: In page 14, line 29, to delete “(3)” and substitute “(4)”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I move amendment No. 13: In page 14, line 36, to delete “(1)(b)” and substitute “(1)(c)”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2020: Committee Stage (16 Nov 2020)

Paschal Donohoe: I move amendment No. 14: In page 14, line 40, to delete “(6)” and substitute “(7)”.