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Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (13 Jun 2024)

Michael McGrath: I am not aware of the outcome of the Business Committee's deliberations but the Government is anxious to provide as much time as possible to debate the EU asylum and migration pact.

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (13 Jun 2024)

Michael McGrath: There are different perspective on this across the House and we acknowledge that, and the Government deems it is in Ireland's national interest to be part of an EU-wide system with an EU-wide agreement. The Deputy holds a different view and there will be ample opportunity to air those views-----

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (13 Jun 2024)

Michael McGrath: -----and tease out all of the issues-----

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (13 Jun 2024)

Michael McGrath: -----over the course of next week and the Whip will respond on that in due course.

Ceisteanna ó Cheannairí - Leaders' Questions (13 Jun 2024)

Michael McGrath: I thank the Deputy. First, looking to the medium to long term and the need to ensure there are adequate facilities and infrastructure at University Hospital Galway, as the Deputy knows, we are making progress on the delivery of major capital projects that are planned for the hospital. A formal project board has now been established. We are finalising a master plan for the development of...

Ceisteanna ó Cheannairí - Leaders' Questions (13 Jun 2024)

Michael McGrath: The facilities at University Hospital Galway are not fit for purpose. I have been there in recent months and I am very much aware of the ambitious capital investment plans, which we will support. They need to happen because the scale of demand for services there is only going to go in one direction, and we have to ensure we have not just the staffing but the physical infrastructure to meet...

Ceisteanna ó Cheannairí - Leaders' Questions (13 Jun 2024)

Michael McGrath: I thank Deputy Naughten for raising what is a very important issue. The first point I want to make is that the Government is committed to ensuring that patients in Ireland get timely access to new and innovative medicines. In my time in the Department of public expenditure and reform, this was an issue on which we consulted and worked very closely with the Minister for Health, Deputy...

Ceisteanna ó Cheannairí - Leaders' Questions (13 Jun 2024)

Michael McGrath: This is a priority area for the Government. It is one that I am very familiar with. I know very well of companies, such as BioMarin Pharmaceutical Inc., which operates in my constituency in Cork and which focuses on the manufacturing of drugs for rare diseases, namely orphan drugs. We engage with it and others in the industry on an ongoing basis because we want to ensure that people who...

Ceisteanna ó Cheannairí - Leaders' Questions (13 Jun 2024)

Michael McGrath: A full investigation is under way. It has been under way for a number of weeks. The abattoir where the slaughtering is taking place is a regulated environment. I want to be clear that the animal welfare rules apply everywhere. They apply also in the holding area even if that is not the area where the inspection was actually taking place, which is in the slaughterhouse itself. In the...

Ceisteanna ó Cheannairí - Leaders' Questions (13 Jun 2024)

Michael McGrath: I can assure Deputy Smith that any legal practices will be dealt with using the full force of the law. I agree with him that the highest standards must apply throughout the equine industry. I know he has not done this and it would be wrong for anyone to seek to portray what we witnessed last night on RTÉ "Prime Time Investigates" as representative of the wider equine industry because I...

Ceisteanna ó Cheannairí - Leaders' Questions (13 Jun 2024)

Michael McGrath: I wish to make clear that the funding that is provided by the State is primarily for thoroughbred horse racing, a very important part of our economy and a really important part of the fabric of regional and rural Ireland. I do not for a moment believe that what we witnessed on RTÉ's "Prime Time Investigates" is representative of the wider equine industry. It is important that we all...

Ceisteanna ó Cheannairí - Leaders' Questions (13 Jun 2024)

Michael McGrath: I thank Deputy Doherty. I join him in wishing our colleague Deputy Jennifer Whitmore all the best. I did not realise she had taken ill. All our thoughts are with her today. Briefly, I want to congratulate the fantastic 4x400 m relay team of Sophie Becker, Phil Healy, Rhasidat Adeleke and Sharlene Mawdsley that had phenomenal success winning a silver medal at the European Championships....

Written Answers — Department of Finance: Taxi Regulations (13 Jun 2024)

Michael McGrath: I propose to take Questions Nos. 70 and 71 together. The application of VAT to the supply of services is subject to EU VAT law, with which Irish VAT law must comply. In accordance with VAT law, the transport of passengers and their accompanying baggage by taxi drivers is exempt from VAT. However, all other services provided to drivers – such as the provision of taxi booking...

Written Answers — Department of Finance: Tax Data (13 Jun 2024)

Michael McGrath: I propose to take Questions Nos. 72, 73 and 76 together. My Department publishes an Annual Report on Tax Expenditures, identifying a list of all tax expenditures in the Irish tax system, as per the OECD definition of a Tax Expenditure. The latest report, Report on Tax Expenditures 2024, was published last October on Budget Day. A list of the tax expenditures in use between October 2022 and...

Written Answers — Department of Finance: Tax Data (13 Jun 2024)

Michael McGrath: I understand the Deputy is referring to the taxation of carried interest received by certain venture capital managers, as provided for in section 541C of the Taxes Consolidation Act 1997 (‘TCA 1997’). Section 41 of the Finance (No 2) Act 2008 inserted section 541C TCA 1997 and introduced a new tax regime for the return (known as carried interest) received by venture capital...

Written Answers — Department of Finance: Tax Data (13 Jun 2024)

Michael McGrath: An individual who is resident or ordinarily resident, but not domiciled in the State, is taxable on the remittance basis of tax in respect of foreign income and gains. Such individuals pay tax on: (1) Income and gains arising in Ireland, (2) Foreign income which they “remit” or bring into the State, and (3) Foreign gains which they remit into the State where the...

Written Answers — Department of Finance: Tax Data (13 Jun 2024)

Michael McGrath: The Rent Tax Credit (RTC), as provided for in section 473B of the Taxes Consolidation Act 1997, was introduced by Finance Act 2022 and may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025. For Budget 2024, it was estimated that approximately 400,000 individual persons would be eligible to claim the RTC. It should be noted that RTC claims are made are...

Seanad: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Report and Final Stages (12 Jun 2024)

Michael McGrath: I thank the Senators across the House for their engagement on this Bill and for the broad support of the Bill. I know the motivation behind the various amendments is from the perspective of the individual Senators to improve the Bill further. I recognise the genuine motivation in that regard. I thank Senator Higgins for tabling these amendments, which were discussed on Committee Stage,...

Seanad: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Report and Final Stages (12 Jun 2024)

Michael McGrath: Yes, I would like to respond. I thank Senator Higgins. I will undertake to follow up with regard to the ammunition production support Act and look further into that. As she said, it is not through the agency, so it is not directly relevant. However, I understand the concern she has raised. I understand it is through the EU budget, but I will go over the transcript of the exchange at the...

Seanad: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Report and Final Stages (12 Jun 2024)

Michael McGrath: I thank Senator Higgins for tabling this amendment relating to the investment policy of the infrastructure, climate and nature fund. As was discussed on Committee Stage, it is important that there is a clear investment objective for the fund. This view is based on the experience of the Ireland Strategic Investment Fund , ISIF, and taking account of the approaches taken by other funds in...

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