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Written Answers — Department of Public Expenditure and Reform: Community Employment Schemes Supervisors (3 Dec 2019)

Paschal Donohoe: The Community Sector High Level Forum has extensively examined certain issues pertaining to the Community Employment Sector as a whole having regard to a claim by community employment supervisors and assistant supervisors who have been seeking, through their union representatives, the allocation of Exchequer funding to implement a 2008 Labour Court recommendation relating to the provision of...

Written Answers — Department of Finance: Tax Code (28 Nov 2019)

Paschal Donohoe: Over the past 18 months, Revenue has been conducting a comprehensive review of the administratively based Flat Rate Expenses (FRE) regime.  Revenue has advised me that the purpose of the FRE review, which involved engagement with relevant representative bodies, is to ensure that the expenses granted to each employment category remain justified and appropriate to modern day employments...

Written Answers — Department of Finance: Fiscal Data (28 Nov 2019)

Paschal Donohoe: In July 2019, the Central Statistics Office (CSO) published the National Income and Expenditure (NIE) results for 2018. The NIE includes the most recent updated series for gross fixed capital formation (GFCF) in Ireland. The year-on-year percentage growth rates for GFCF in constant (i.e. inflation adjusted) and current prices from the NIE for the years in question are presented in the table....

Written Answers — Department of Finance: Economic Data (28 Nov 2019)

Paschal Donohoe: I propose to take Questions Nos. 77 and 78 together. In July 2019, the Central Statistics Office (CSO) published the national income and expenditure (NIE) results for 2018. The NIE contains the most recent series for gross domestic product (GDP) and related economic statistics for Ireland. The year-on-year percentage growth rates for GDP in constant (i.e. inflation adjusted) and current...

Written Answers — Department of Finance: Departmental Expenditure (28 Nov 2019)

Paschal Donohoe: With respect to the 2019, we estimate my Department incurred costs of €71.70 related to the printing of materials on behalf of the Department of Public Expenditure and Reform which were to be distributed at the National Ploughing Championships.  No costs were incurred in the years 2016 to 2018. There are 17 bodies under the aegis of my Department, 12 of which have not...

Written Answers — Department of Finance: Banking Operations (28 Nov 2019)

Paschal Donohoe: As Deputy is aware I have no role in the commercial activities of any bank operating in the Irish market. The Deputy will be further aware, as Minister for Finance, I cannot stop or reverse loan sales even by the banks in which the State has a shareholding. Decisions in this regard, as well as the criteria used to decide the make-up of loans to be...

Written Answers — Department of Finance: Tax Data (28 Nov 2019)

Paschal Donohoe: Tax expenditures may take a number of forms such as exemptions, allowances, credits, preferential rates, deferral rules etc. They are general government policy instruments used to promote specific social or economic policies and are closely related to direct spending programmes. The Department’s Report on Tax Expenditures for 2019, published with the Budget 2020 documentation on...

Written Answers — Department of Finance: Insurance Industry (28 Nov 2019)

Paschal Donohoe: At the outset, it is important to note that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation and my Department has no role in the area of award levels or changes to the Book of Quantum.  The Cost of Insurance Working Group which was established by my predecessor as Minister for Finance, and which is currently chaired...

Written Answers — Department of Finance: Tax Credits (28 Nov 2019)

Paschal Donohoe: Every person resident in Ireland is entitled to a personal tax credit. The amount of that credit depends on the person’s circumstances, for example whether s/he is single, married or in a civil partnership, widowed or a surviving civil partner. Persons in employment are also entitled to receive the additional Employee Tax Credit. Revenue has advised me that it has examined the tax...

Written Answers — Department of Finance: Central Bank of Ireland Investigations (28 Nov 2019)

Paschal Donohoe: I propose to take Questions Nos. 84 and 85 together. As the Deputy is aware I have no role in the commercial activities in any bank operating in the Irish market. Officials from my department contacted the Central Bank of Ireland with your queries and received the following response: "The Central Bank of Ireland does not comment on individual firms regulated by the Central Bank....

Written Answers — Department of Finance: Departmental Staff Data (28 Nov 2019)

Paschal Donohoe: The Government’s Strategy for the development of Ireland's international financial services sector to 2025, 'Ireland for Finance', was launched at the end of last April.  The vision of the Strategy is for “Ireland to be a top-tier location of choice for specialist international financial services and to enhance and protect our future competitiveness”. The Ireland...

Written Answers — Department of Finance: Central Bank of Ireland Staff (28 Nov 2019)

Paschal Donohoe: I have been advised by the Central Bank that the current number of employees within the Bank aligned to supervising international financial services, including the funds and asset management industries, is 216 as at the end of October with the number of open vacancies being 9 in these areas. These teams are supported by Policy, Inspections and analytics teams which contribute to the...

Written Answers — Department of Finance: Legislative Programme (28 Nov 2019)

Paschal Donohoe: The introduction of an Annual Financial Services Bill was a suggestion from some of the industry representative bodies during the consultation process for the development of Ireland for Finance (IFF), the Government's Strategy for the development of Ireland's international financial services sector to 2025 which was launched on 26th April last. However, there already is a significant...

Written Answers — Department of Finance: Financial Services Sector (28 Nov 2019)

Paschal Donohoe: The Deputy may be aware that the Government’s Strategy for the development of Ireland's international financial services sector to 2025, 'Ireland for Finance', was launched last April.  The vision of the Strategy is for “Ireland to be a top-tier location of choice for specialist international financial services and to enhance and protect our future...

Written Answers — Department of Finance: Financial Services Sector (28 Nov 2019)

Paschal Donohoe: 'Ireland for Finance', the Government’s Strategy for the development of Ireland's international financial services sector to 2025 was launched in April of this year. The development of the regions is one of the priorities of the Strategy. There were approximately 44,000 people in direct employment in the IFS sector at the end of 2018 with one-third of these jobs located outside...

Written Answers — Department of Finance: Tax Yield (28 Nov 2019)

Paschal Donohoe: I am advised by Revenue that its primary method of classifying businesses is the European standard NACE code. I am further advised that the majority of the businesses referred to by the Deputy are included in the ‘financial and insurance activities’ NACE sector. The tax paid by businesses in this sector is available at the following link: . This link provides the following...

Written Answers — Department of Finance: Legislative Programme (28 Nov 2019)

Paschal Donohoe: The Investment Limited Partnership Act 1994 defines Minister as the Minister for Business, Enterprise and Innovation. However the Investment Limited Partnership (Amendment) Bill 2019 proposes to amend the Act so that I, as the Minister for Finance, will be the responsible Minister and it is my officials that have been working on the proposed amendments to the Act. My officials have...

Written Answers — Department of Public Expenditure and Reform: Departmental Expenditure (28 Nov 2019)

Paschal Donohoe: The information requested by the Deputy in relation to costs incurred by my Department and the bodies under its aegis on the National Ploughing Championships since 2016 are set out in the table. The Office of Public Works is currently collating material for this PQ and will respond directly to the Deputy once finalised. Department of Public Expenditure and...

Written Answers — Department of Public Expenditure and Reform: Healthcare Policy (28 Nov 2019)

Paschal Donohoe: The Sláintecare report estimated that the full year cost (by year 10 of a 10-year programme) of implementing all the measures recommended in the report is €2.836 billion. In addition, the all-party Oireachtas Committee recommended that transitional funding of €3 billion over a six-year period would also be required to deliver the Committee’s proposals.  The...

Written Answers — Department of Finance: Fiscal Data (27 Nov 2019)

Paschal Donohoe: Non-acute and community organisations under Section 39 of the Health Act, 2004 are not part of the general government sector, i.e. they are not 'on-balance sheet'. Staff in these agencies are not public servants; instead, the Health Service Executive engages such agencies through service arrangements. Accordingly, pay costs for these staff are not recorded in the general...

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