Results 12,321-12,340 of 32,547 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Corporation Tax (26 Nov 2019)

Paschal Donohoe: Details of corporation tax received by industry sector for the years 2013 to 2018, the most recent year for which data are available, are published in tabular form on Revenue’s website at the following link: This publication also includes information on net income tax, VAT and capital gains tax receipts by industry sector. The specific information requested by the Deputy is provided...

Written Answers — Department of Finance: Money Laundering (26 Nov 2019)

Paschal Donohoe: Statutory Instrument 110 of 2019, the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019, was signed into law on 22 March 2019. These Regulations transpose Article 30 of the Fifth Anti-Money Laundering Directive and make legislative provision for the obligation that was first established in 2016, that corporate entities must...

Written Answers — Department of Finance: Insurance Fraud (26 Nov 2019)

Paschal Donohoe: At the outset, the Deputy should note that it would not be appropriate for me, as Minister for Finance, to comment on individual cases such as the one she refers to in the details supplied. In relation to the Deputy’s question regarding measures being taken to curb insurance fraud, I would note that the Cost of Insurance Working Group (CIWG) examined this issue as part of its...

Written Answers — Department of Finance: Tax Data (26 Nov 2019)

Paschal Donohoe: Ireland has one of the most progressive income tax systems in the developed world. A progressive system ensures that the burden of taxation falls most heavily on those with a higher ability to pay. It is my view that a broad-based, progressive income tax system, where the majority of income earners make some contribution but according to their means, is the most fair and sustainable income...

Written Answers — Department of Finance: Banking Sector (26 Nov 2019)

Paschal Donohoe: The Deputy may recall that my Department issued a Technical Note to the Committee on Finance, Public Expenditure & Reform and Taoiseach (FinPERT) in August 2018 which dealt with the potential consequences of changes to the treatment of Corporation Tax Loss relief in respect of banks. In answering the Deputy’s current parliamentary question I have used content included in this...

Written Answers — Department of Finance: Departmental Bodies (26 Nov 2019)

Paschal Donohoe: The Cost of Insurance Working Group (CIWG) was established in July 2016 to undertake a detailed examination of the factors contributing to the cost of insurance in order to identify what short, medium and long-term measures could be introduced to help reduce the cost of insurance for consumers and businesses, while bearing in mind the need to maintain a stable insurance sector.  It was...

Written Answers — Department of Public Expenditure and Reform: Public Spending Code (26 Nov 2019)

Paschal Donohoe: As part of the ongoing reform of Ireland’s public investment management systems, my Department has undertaken extensive work on the updating of the Public Spending Code.  The purpose of this update is to strengthen the existing guidance to better align with the realities of project delivery and with a particular focus on improved appraisal, cost estimation and...

Written Answers — Department of Public Expenditure and Reform: EU Funding (26 Nov 2019)

Paschal Donohoe: At the outset it is important to remind the Deputy that Ireland’s allocation of European Regional Development Funds have in the past, and will continue in the future, to support projects in all parts of Ireland. Moreover, in accordance with the EU Regulatory requirement, stakeholders at local, regional and national level will continue to have a key role in the planning,...

Written Answers — Department of Public Expenditure and Reform: Pension Provisions (26 Nov 2019)

Paschal Donohoe: As stated previously this appeal case relates to the awarding of pension increases by the company concerned. A request from the company seeking a pension increase is being considered at present by my Department. The outcome of this request may feed into the deliberations on the determination in this case. Accordingly, a determination on this case will be made as soon as possible...

Written Answers — Department of Finance: Ministerial Meetings (21 Nov 2019)

Paschal Donohoe: As the Deputy is aware, as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, which includes insurance. In this regard, both I and my predecessor, Mr Michael Noonan T.D. as Ministers for Finance, have always recognised insurance reform as a key priority for this Government. However, we have been consistently clear that there is...

Written Answers — Department of Finance: Revenue Commissioners Powers (21 Nov 2019)

Paschal Donohoe: I am advised by the Revenue Commissioners that a number of additional staff and increased use of the Revenue drug detector dog teams including a new drug detector dog, have been deployed in the mail centres. These measures together with detection technology, such as scanners, currently used in the mailing centres have led to the increased rate of detection. Revenue constantly reviews its...

Written Answers — Department of Finance: Budget Submissions (21 Nov 2019)

Paschal Donohoe: The Taxation Division of my Department received in excess of 300 pre-budget submissions in relation to Budget 2020 and the Finance Bill. Some of these are duplicates sent in by different public representatives on behalf of the same organisation. All submissions are acknowledged by the Department on receipt. The relevant officials in the Division consider all pre-budget submissions in the...

Written Answers — Department of Finance: Help-To-Buy Scheme Eligibility (21 Nov 2019)

Paschal Donohoe: As the Deputy will be aware, Finance Bill 2019 proposes a two-year extension to the Help to Buy (HTB) scheme. The definition of first time buyer in HTB is as follows: 'first-time purchaser' means an individual who, at the time of a claim under subsection (3) has not, either individually or jointly with any other person, previously purchased or previously built, directly or indirectly, on his...

Written Answers — Department of Finance: Banking Sector Investigations (21 Nov 2019)

Paschal Donohoe: As the Deputy is aware I have no role in the day to day operations of any bank operating in the market. The bank concerned, AIB, has provided me with the following statement in relation to this matter: "AIB can confirm that the issue has been notified to the Central Bank of Ireland. "This issue relates to certain EBS mortgage customers where their insurance premium is collected with...

Written Answers — Department of Public Expenditure and Reform: Ministerial Meetings (21 Nov 2019)

Paschal Donohoe: I wish to advise the Deputy that I have not met with any insurance companies or Insurance Ireland in my role as Minister for Public Expenditure and Reform since my appointment to that role on 6thMay 2016. I am providing a separate reply to the Deputy in response to his question to me in my role as Minister for Finance.

Written Answers — Department of Public Expenditure and Reform: Public Spending Code (21 Nov 2019)

Paschal Donohoe: As part of the ongoing reform of Ireland’s public investment management systems, my Department has undertaken extensive work on the updating of the Public Spending Code. The purpose of this update is to strengthen the existing guidance to better align with the realities of project delivery and with a particular focus on improved appraisal, cost estimation and management. I anticipate...

Written Answers — Department of Public Expenditure and Reform: Shared Services (21 Nov 2019)

Paschal Donohoe: I propose to take Questions Nos. 66 to 68, inclusive, together. The Financial Management Shared Service Programme will see the migration and upgrade of 31 separate Financial Management Systems (FMS) to a single FMS, with a single common Chart of Accounts, and standardised accounting processes for all of Central Government. This Programme is necessary, not only to address the upgrade...

Finance Bill 2019: Report Stage (Resumed) (20 Nov 2019)

Paschal Donohoe: The tax division of my Department provided the Select Committee on Finance, Public Expenditure and Reform, and Taoiseach with an estimate of costs in respect of this measure that was based on specific assumptions. The report provided also noted that the capital taxes route was not the only means of providing an incentive to landlords to retain tenants and that it might also be possible to do...

Finance Bill 2019: Order for Fifth Stage (20 Nov 2019)

Paschal Donohoe: Now.

Finance Bill 2019: Report Stage (Resumed) (20 Nov 2019)

Paschal Donohoe: I thank Deputy Boyd Barrett. I want to acknowledge the significant interest that Deputy Boyd Barrett has in this sector and the work that he is doing. I listened over a number of years to the different debates and contributions that were raised in this sector by Deputy Boyd Barrett. In the aftermath of the debate that happened here two years ago, my Department did work on last year's...