Results 14,001-14,020 of 32,569 for speaker:Paschal Donohoe

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Paschal Donohoe: I have answered the Deputy's question, and he knows it. With regard to the difference between-----

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Paschal Donohoe: I am well used to Deputy Pearse Doherty wanting to shout over the points I make. I am responding to each of the questions asked. I am also doing this in the context of an economy which, as we saw yesterday, is moving to unemployment levels that are approaching an economy at full employment, while the earnings flow within the economy are making a real difference to people's living standards....

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Paschal Donohoe: I understand why the Deputy wishes to be dismissive of the answers I have given. I am answering his questions, and I am doing so in the context of an economy that is growing, in which we are increasing investment and which is making a difference to people's lives and living standards. While there are needs that must be met, the Deputy will never acknowledge any of the progress that is being...

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Paschal Donohoe: With regard to the other points the Deputy put to me, if he will remind me of his question on Brexit I will answer it. I will ask Mr. Kinnane to answer the question about the SPU, the SES and the difference to ensure the Deputy gets the full answer.

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Paschal Donohoe: First, we have baked into our pre-committed plans additional capital expenditure of €700 million, which would be the type of stimulus that would be required if our economy was to have a shock or have to deal with the consequences of a disorderly Brexit. That is already pre-planned in the context of capital expenditure for this year going up by 24%. As I indicated to Deputy Michael...

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Paschal Donohoe: Yes, it is. We will be publishing our mid-year expenditure report in the next fortnight and I will make sure that report contains that information.

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Paschal Donohoe: The figures the Deputy is referring to are produced by the Central Statistics Office rather than the Department. We will have a look to see if we can identify what the Deputy is referring to and give him a more up-to-date version of it. To the best of my knowledge, over the past two years, the Department of Finance has not published sectoral attributions of profits and I think it is more...

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Paschal Donohoe: The most important graph in the intersection between politics and economics at the moment concerns the share income has of national income. What has happened over recent decades explains many of the challenges we now have in politics. Therefore, I am well aware of the analysis the Deputy is referring to, the work that has been done comparing the rate of return on capital with the rate of...

Written Answers — Department of Finance: Help-To-Buy Scheme Data (2 Jul 2019)

Paschal Donohoe: Revenue statistics on the Help to Buy incentive are published at the following link: As the Deputy will note, there were 79 Help to Buy claims in Mayo in 2018 and 46 between January and May so far this year.

Written Answers — Department of Finance: National Economic Dialogue (2 Jul 2019)

Paschal Donohoe: As the Deputy will be aware the fifth National Economic Dialogue took place on June 26thand 27ththis year. This dialogue plays an integral part in the preparations for Budget 2020 and provided an opportunity to consider how best to optimise available resources in the interests of all citizens. The aim is to foster discussion on how to best sustain and strengthen the recovery while taking...

Written Answers — Department of Finance: VAT Exemptions (2 Jul 2019)

Paschal Donohoe: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In accordance with Irish VAT legislation, slurry spreading equipment is liable to VAT at the standard rate, currently 23%, and there is no discretion, under the Directive, to exempt these goods from VAT. I am advised by the Revenue Commissioners that farmers may elect to register for VAT...

Written Answers — Department of Finance: Tax Code (2 Jul 2019)

Paschal Donohoe: I am informed that the person in question is in receipt of a pension from the Department of Employment Affairs and Social Protection (DEASP) and receives a private occupational pension. Revenue has confirmed that where a person is in receipt of both a State pension and a private pension, any income tax that may be due in respect of the State pension is collected by reducing the income tax...

Written Answers — Department of Finance: Financial Services Regulation (2 Jul 2019)

Paschal Donohoe: I propose to take Questions Nos. 180 and 181 together. The Central Bank's total funding requirement for financial regulation activity is determined on an annual basis by the resources required to discharge its legal responsibilities under domestic and EU law. Section 32D and 32E of the Central Bank Act 1942, as amended, provide that the Central Bank Commission may make regulations relating...

Written Answers — Department of Finance: Living City Initiative (2 Jul 2019)

Paschal Donohoe: I am advised by Revenue that applications for the Living City Initiative are only required to be made to the relevant local authority under the owner-occupier and rented residential elements of the scheme. Applications are not required to be made under the commercial element of the scheme. Based on the most recent information received by Revenue from the City and County Councils, the number...

Written Answers — Department of Finance: Budget Measures (2 Jul 2019)

Paschal Donohoe: I propose to take Questions Nos. 183 to 185, inclusive, together. The Deputy’s questions relate to the difference between gross and net fiscal space. As I have noted on many occasions, undue focus on the concept of fiscal space, which is calculated based on 'one size fits all' European rules, is inappropriate. Government budgetary policy is formulated based on what is right for the...

Written Answers — Department of Finance: Insurance Costs (2 Jul 2019)

Paschal Donohoe: At the outset, the Deputy should note that I am responsible for the development of the legal framework governing financial regulation. Neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to accept....

Written Answers — Department of Finance: Employment Investment Incentive Scheme (2 Jul 2019)

Paschal Donohoe: I am informed by Revenue that all Employment and Investment Incentive applications received by Revenue are processed by the date order in which they are received. Revenue advise me that the application in question has been received and examined, and that contact was made with the taxpayer’s representatives by Revenue on 26 June 2019 regarding the outcome of this examination.

Written Answers — Department of Finance: Irish Collective Asset Management Vehicles (2 Jul 2019)

Paschal Donohoe: Undertakings for Collective Investment in Transferable Securities (UCITS) were first introduced in 1985. The UCITS Directive sets out a common set of rules for the cross-border distribution of collective investment schemes via the European Passport. UCITS were designed with the retail consumer in mind, ensuring appropriate levels of protection for investors. The key common aspects of UCITS...

Written Answers — Department of Finance: Irish Real Estate Fund (2 Jul 2019)

Paschal Donohoe: I propose to take Questions Nos. 189 to 191, inclusive, together. I am advised by Revenue that, with regard to the information included on tax returns filed with Revenue, it is not possible to identify the value of property and real estate investments held by all funds domiciled in the State. The Deputy will be aware that an IREF is an investment undertaking, or a sub-fund, which derives 25%...

Written Answers — Department of Finance: Irish Collective Asset Management Vehicles (2 Jul 2019)

Paschal Donohoe: The Irish Collective Asset-management Vehicle (ICAV), which was introduced in 2015, is a corporate vehicle designed specifically for Irish domiciled and regulated investment funds. All ICAVs must registered and authorised by the Central Bank of Ireland. Alternative Investment Funds(AIFs) are subject to the requirements of the Alternative Investment Funds Directive (AIFMD), which are...