Results 14,441-14,460 of 32,640 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Code (18 Jun 2019)

Paschal Donohoe: Ireland has been consistently successful over several decades in attracting leading multinationals to base here and given our high level of integration with the global economy, it is not altogether surprising that our corporation tax base has become concentrated, as it has been for a number of decades. Nonetheless, I would acknowledge that there are risks associated with this increase in...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (18 Jun 2019)

Paschal Donohoe: As the Deputy will be aware, under the Fiscal Responsibility Act 2012, the Irish Fiscal Advisory Council (IFAC) has been assigned the monitoring and assessment functions required of an independent national fiscal institution under the Treaty on Stability, Co-ordination and Governance in the Economic and Monetary Union. The Act requires IFAC to “provide an assessment of whether the...

Written Answers — Department of Finance: Central Bank of Ireland Data (18 Jun 2019)

Paschal Donohoe: I am advised by the Central Bank of Ireland that the compilation notes for the mortgage arrears statistics define PDH and BTL mortgages as follows: Principal Dwellings (PDH): Mortgage loans to private individuals for house or apartment purchase, renovation, improvements or own construction of housing, fully and completely secured by mortgage on the residential property, which is or will be...

Written Answers — Department of Finance: Departmental Funding (18 Jun 2019)

Paschal Donohoe: Withdrawals from the fund as provided for under the National Surplus (Reserve Fund for Exceptional Contingencies) Bill 2018 will be to the Exchequer and any expenditures will be subject to the normal public financial procedures. The Fiscal Responsibility Act 2012 imposes a duty on the Government to endeavour to comply with the fiscal rules. The National Surplus (Reserve Fund for...

Written Answers — Department of Finance: General Government Debt (18 Jun 2019)

Paschal Donohoe: General Government Debt (GGD) is a measure of the total gross consolidated debt of the State compiled by the Central Statistics Office. It is the measure used for comparative purposes across the European Union Member States. National Debt is the net debt incurred by the Exchequer after taking account of cash and other financial assets. The national debt is the principal component of general...

Written Answers — Department of Finance: VAT Rate Reductions (18 Jun 2019)

Paschal Donohoe: The second reduced 9% VAT rate was introduced on a temporary basis as part of the Jobs Initiative from July 2011 to December 2013 and was aimed at boosting tourism and the creation of additional jobs in that sector. The rate was designed to be temporary, but was maintained in subsequent Budgets. In 2016, the Programme for Partnership Government committed to maintaining the 9% VAT rate,...

Written Answers — Department of Finance: Tax Code (18 Jun 2019)

Paschal Donohoe: The European Commission published the draft Country Specific Recommendations (CSRs) on 5 June. The overall objective of the CSRs is to encourage the Member States to increase their growth potential by continuing to improve their economies and further strengthening their economic resilience. It recommends that Member States should prioritise investment needs and address bottlenecks and reforms...

Written Answers — Department of Finance: Tax Code (18 Jun 2019)

Paschal Donohoe: I welcome the publication of the draft Country Specific Recommendations (CSR) for Ireland which form part of the overall European Semester process. The Commission has opined that Ireland has further potential to improve the way its tax system can support environmental objectives. Reducing fossil fuel subsidies and committing to a schedule of increases in the carbon tax over the next decade...

Written Answers — Department of Finance: Pensions Reform (18 Jun 2019)

Paschal Donohoe: The Government published A Roadmap for Pensions Reform 2018 - 2023in February last year. The Roadmap takes a holistic view of pension issues and details specific measures presented under six strands. Implementation of the Roadmap is primarily a matter for my colleague the Minister for Employment Affairs and Social Protection and her Department, but the Interdepartmental Pensions Reform and...

Written Answers — Department of Finance: Departmental Properties (18 Jun 2019)

Paschal Donohoe: I propose to take Questions Nos. 147 and 148 together. In response to the Deputy's question my Department has not purchased or leased buildings, property or land in the past five years. The Department is a client of the Office of Public Works for all property related matters.

Written Answers — Department of Finance: Property Tax Application (18 Jun 2019)

Paschal Donohoe: The Government decided that the LPT should be centred on the principles of equity, transparency and simplicity and that a universal liability should apply to all owners of residential property with a limited number of exemptions and reliefs. Limiting the reliefs available allows the rate to be kept to a minimum for those liable persons who do not qualify for relief. Properties in managed...

Written Answers — Department of Finance: Financial Services Regulation (18 Jun 2019)

Paschal Donohoe: At the outset, it is important to note that while as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, it is the Central Bank of Ireland that is responsible for the day-to-day supervision of life assurance companies. However, in order to assist the Deputy, my officials contacted the Central Bank of Ireland about this query and...

Written Answers — Department of Finance: Credit Register Data (18 Jun 2019)

Paschal Donohoe: Section 30 of the Credit Reporting Act 2013, provides that "The Bank may produce— ... and (b)general reports, analyses and statistics from which credit information subjects cannot be identified." The Central Credit Register is focusing on the completion of the timeline for the submission of information to the Central Credit Register by lenders. In this regard, Hire Purchase, PCPs and...

Written Answers — Department of Finance: Tax Code (18 Jun 2019)

Paschal Donohoe: As a small open economy, connected to Europe, the US and the wider world, Ireland is committed to a competitive, transparent and stable corporation tax system. Our corporation tax system follows the principle of applying low rates to a broad base, which is widely recognised as being the most economically efficient model. Maintaining a corporation tax system that is sustainable and which...

Written Answers — Department of Finance: Property Tax Data (18 Jun 2019)

Paschal Donohoe: Local Property Tax (LPT) provides for certain properties to be exempt from the tax during a valuation period. For the current valuation period (now extended to cover from 2013 to 2020), these include properties purchased between 1 January 2013 and 31 December 2013 and trading stock of builders/developers unsold at 1 May 2013 or sold in the period 1 January 2013 to 31 October 2020. In...

Written Answers — Department of Public Expenditure and Reform: Carer's Allowance Payments (18 Jun 2019)

Paschal Donohoe: As the Deputy may be aware, the administration of carer's allowance payments is a matter for the Department of Employment Affairs and Social Protection. This includes decisions about entitlement to this allowance and the level of payments to be made to qualifying individuals. The Department of Public Expenditure and Reform does not carry out inspections of carer's allowances payments.

Written Answers — Department of Public Expenditure and Reform: Freedom of Information Data (18 Jun 2019)

Paschal Donohoe: The information requested by the Deputy is set out in the following table: Granted Part Granted Refused Transferred Withdrawn Handled outside of FOI Total 60 68 67 0 5 7 207

Written Answers — Department of Public Expenditure and Reform: Pension Provisions (18 Jun 2019)

Paschal Donohoe: First, I should clarify that the civil service worksharing scheme allows the individual to avail of a variety of attendance patterns so as to be able to combine work and personal responsibilities or choices. Thus, it does not involve leaving the workforce. The career break scheme, on the other hand, gives the individual the possibility to take special leave without pay for a variety of...

Written Answers — Department of Public Expenditure and Reform: Departmental Properties (18 Jun 2019)

Paschal Donohoe: There has been no land purchased nor leased by my Department in the last five years.

Written Answers — Department of Public Expenditure and Reform: Departmental Properties (18 Jun 2019)

Paschal Donohoe: In the past five years, my Department has not purchased any buildings nor property from its Vote (Vote 11). The Department is financing one lease from its own Vote. This lease is with the Technical University Dublin for learning facilities to support the Civil Service Learning and Development programme. The lease commenced in December 2018 with a cost of €10,800 that year. The...