Results 14,101-14,120 of 32,569 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Sector: Discussion (2 Jul 2019)

Paschal Donohoe: That is wrong.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Sector: Discussion (2 Jul 2019)

Paschal Donohoe: That bit is correct, after the Deputy qualified the line.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Sector: Discussion (2 Jul 2019)

Paschal Donohoe: I take a very different view from the Deputy on the matter. He said I was refusing to give him a guarantee. He knows that is because I cannot do so. That is the difference.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Sector: Discussion (2 Jul 2019)

Paschal Donohoe: He knows I cannot do that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Sector: Discussion (2 Jul 2019)

Paschal Donohoe: No. He knows it is the role of the Central Bank-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Sector: Discussion (2 Jul 2019)

Paschal Donohoe: -----under the legislation that I referred to earlier on-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Sector: Discussion (2 Jul 2019)

Paschal Donohoe: -----to make a decision on the appropriate rate and I accepted its recommendation.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Sector: Discussion (2 Jul 2019)

Paschal Donohoe: I ask the Deputy to allow me to finish. He was well able to make his point; I will make mine in response. He is asking me to give a guarantee as to what I or a future Minister for Finance might do in a few years, while not acknowledging that the rate of industry funding in place now is significantly lower than that for the banks the Deputy just quoted to me. He should be giving me...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Sector: Discussion (2 Jul 2019)

Paschal Donohoe: I did not say that the Deputy did not make recognition of the fact that the industry rate is half of that which the banks are paying. I am contending that he did not give sufficient recognition of it, which I am as entitled to assess as he is allowed to assess what I am doing in this issue. On the consultation that is due to take place on the future of the stabilisation levy, these...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Sector: Discussion (2 Jul 2019)

Paschal Donohoe: I am still unclear.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Sector: Discussion (2 Jul 2019)

Paschal Donohoe: I am aware of all of that, but I wish to double-check. Is the Deputy proposing to amend the legislation I am introducing regarding the higher interest rate cap?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Sector: Discussion (2 Jul 2019)

Paschal Donohoe: The Bill we are introducing with the cap is a better way of dealing with the issue in the credit union movement. I will consider the Deputy's question and give a considered answer back-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Sector: Discussion (2 Jul 2019)

Paschal Donohoe: ----- now that I fully understand the point he is making. Rather than responding now, I will revert to the Deputy with a response.

Written Answers — Department of Finance: Tax Forms (27 Jun 2019)

Paschal Donohoe: I am advised by Revenue that the new administrative arrangements for PAYE (PAYE Modernisation) started on 1 January this year. These new arrangements do not affect the way income tax and other statutory deductions are calculated under the PAYE system, but do change the way employers report payroll information to Revenue on or before each pay date. PAYE Modernisation has also streamlined...

Written Answers — Department of Finance: Tax Credits (27 Jun 2019)

Paschal Donohoe: I am grateful to the Deputy for clarification that this question relates to the basis and rationale behind the restriction which may preclude a dual income couple from claiming both the home carer credit and the increased standard rate cut-off point available for such couples. The home carer credit was introduced in Finance Act 2001 in tandem with the move towards individualisation of the...

Written Answers — Department of Finance: Revenue Commissioners Audits (27 Jun 2019)

Paschal Donohoe: I am advised by Revenue that its intervention options range from light touch Aspect Queries through to Investigations for cases of suspected serious tax and duty evasion. The intervention type used in any case is dependent on the level of risk identified and the taxpayer behaviour involved. Full details of Revenue’s suite of compliance interventions are set out in Chapter 2 of the Code...

Written Answers — Department of Finance: Budget Measures (27 Jun 2019)

Paschal Donohoe: A multitude of economic and social metrics play a role in the budgetary deliberations in my Department and across Government. Well-being is a complex, multi-dimensional concept and measuring it is no simple task. To address this, New Zealand has taken the approach of monitoring a broad range of economic, social and environmental metrics. This is also what my Department does. It is...

Written Answers — Department of Finance: Currency Regulation (27 Jun 2019)

Paschal Donohoe: Firstly, I would like to assure the Deputy that my Department is aware of the recent announcement relating to the cryptocurrency in question, and will continue to monitor developments ahead of its planned issuance in 2020. In March of last year, I announced the creation of the Blockchain & Virtual Currencies Working Group and tasked this Working Group with the role of examining...

Written Answers — Department of Finance: Fiscal Policy (27 Jun 2019)

Paschal Donohoe: In terms of the recent Fiscal Assessment Report (FAR) published by the Irish Fiscal Advisory Council, I can confirm for the Deputy that I have received the report and will be providing a formal response to the Council which will issue in due course. Earlier this week, I published the Summer Economic Statement (SES) 2019 which set out the approach that will be taken to the formulation...

Written Answers — Department of Finance: Tax Exemptions (27 Jun 2019)

Paschal Donohoe: In the form in which it is presented, the Deputy's question refers to two separate schemes, namely the Back to Work Enterprise Allowance (BWEA) scheme and the Start Your Own Business (SYOB) tax incentive scheme; however both share the common objective of encouraging enterprise by individuals. The former is operated under the auspices of the Minister for Employment Affairs and Social...