Results 121-140 of 34,366 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: We are in a country that two banks have left, with all of the consequences that means for the people who work in them, for the taxes we collect and for the lending we need to build more homes and support SMEs. Two banks left this country, including Ulster Bank, which was present here for decades. We get to a point where I understand the arguments the Deputy is making-----

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 have a similarly dismal view of the Deputy's arguments. I find them similarly unconvincing. As regards the idea he continually peddles, which does not wash with people, that in some way I am protecting or standing over a guarded elite, he has been making that claim against me for long enough. It still does not wash. What I am trying to do is make a set of decisions that, in the round,...

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

Paschal Donohoe: No, sorry, I am coming back in on that.

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

Paschal Donohoe: On mortgage spreads, we also have a very different legal environment here in relation to the ability of the banking sector to repossess a non-performing loan. That has an impact. Look at the difference between the UK and Ireland or between Ireland and other jurisdictions in that regard. That has an impact as well in relation to different interest rates on the granting of new loans....

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 wish to inform the committee that I may need to bring forward consequential amendments to one or more of three sections of this Bill. They being sections 50, 82 and 83. Section 50 provides for the extension and amendment of the farm restructuring CGT relief. Section 82 provides for the extension of the young trained farmer stamp duty relief. Section 83 provides for the extension and...

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 primary policy rationale for business relief is to encourage enterprise, support the intergenerational transfer of family businesses and prevent the sale or break-up of businesses in order to pay a capital acquisitions tax liability. Under existing rules, an asset is excluded from the relief if it was not used for the purposes of the business for at least two years prior to the date of...

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 cannot give an accurate cost on that.

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

Paschal Donohoe: If I look at the costs as they have gone up, and they have indeed gone up in recent years, I expect that what we are seeing here is money that is being released that I then hope is being used in such a way for further investment within a business or within an economy by those who are benefiting from this.

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

Paschal Donohoe: No, the costs have gone up but-----

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 said the costs have gone 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: That is the phrase I just used. I am acknowledging they have gone up but it has not been raised with me in a way that indicates that there is anything inappropriate behind that. It is a feature, I imagine, of an economy that is growing and businesses within that who are benefiting from that. While I know the cost has gone up, I have not been informed that it is for any reason that should...

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 do not have the information available regarding where it could land this year but when that information becomes available I will be happy to share it with the committee.

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. 76: In page 113, lines 34 and 35, to delete all words from and including “a” where it firstly occurs in line 34 down to and including line 35 and substitute “a Partner Jurisdiction,”. This amendment is technical in nature. It corrects an error in relation to the due diligence and reporting requirements of a reporting crypto-asset...

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. 79: In page 119, line 16, to delete “OECD (2025)” and substitute “the document entitled OECD (2025)”. Amendments Nos. 79 to 82, inclusive, are Government amendments to section 92 of the Bill. Section 92 of the Bill provides for amendments to Part 4A of the Taxes Consolidation Act 1997 which transposed the EU minimum effective 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: I will share it with the committee and members can report back to me with any matters. As this is a technical piece of legislation, I would like to inform the committee that I may need to bring forward a Report Stage amendment to the section.

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

Paschal Donohoe: At the moment there is the ambition for a political agreement at the end of the year regarding how the US request can be accommodated. At the moment I can tell the Deputy that I have no plans to make any further change outside of the normal Finance Bill cycle.

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 possible that a change could happen that could require a change in the Finance Bill. From my experience of these matters, if a political agreement is reached later in the year, there will be much technical engagement afterwards that will take a lot of time. My best answer to the Deputy's question at the moment is that if a change were to be needed, it would be accommodated in the...

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. 80: In page 120, line 18, to delete “as the case may be,” and substitute “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 move amendment No. 81: In page 125, between lines 11 and 12, to insert the following: “(m) in section 111AAD(2), by the substitution of the following paragraph for paragraph (e): “(e) there were inserted in section 111O the following subsections after subsection (3): ‘(3A) (a) Notwithstanding subsections (2) and (3) and subject to subsection (3B), the financial...

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. 82: In page 127, line 19, to delete “(o) and (p)” and substitute “(o), (p) and (q)”.