Results 14,521-14,540 of 32,569 for speaker:Paschal Donohoe

Committee on Budgetary Oversight: Local Property Tax Review: Discussion (11 Jun 2019)

Paschal Donohoe: Our modelling is based on the price at which the properties move to remaining unchanged and the yield therefore coming off an unchanged price. We have assumed neither continued inflation nor a deflation in the future. To explain that better, we have said that a property will go from a price point now to one in the future and we have not assumed that price point will go up or down after...

Written Answers — Department of Finance: Insurance Coverage (30 May 2019)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. The Deputy will be aware that neither I, nor the Central Bank of Ireland, have the power to direct insurers on the pricing or provision of insurance products. Indeed, the EU framework (the Solvency II Directive) for insurance expressly prohibits Member States from adopting...

Written Answers — Department of Finance: Mortgage Debt (30 May 2019)

Paschal Donohoe: In general, under the terms of mortgage credit contracts both of the parties to a joint mortgage will be jointly and severally liable for the debt. Accordingly, the removal of persons from a liability for some or all of the debt under a mortgage agreement is a contractual matter for the parties to the agreement or will, having regard to the particular circumstances of any individual case, be...

Written Answers — Department of Finance: Corporation Tax Regime (30 May 2019)

Paschal Donohoe: I propose to take Questions Nos. 48 to 50, inclusive, together. On 28 May the OECD Inclusive Framework on BEPS agreed a programme of work aimed at developing a consensus solution to the tax challenges arising from the digitalisation of the economy. The programme of work will be undertaken under the auspices of the OECD over the coming months, on a without prejudice basis. I understand...

Written Answers — Department of Finance: Tax Appeals Commission (30 May 2019)

Paschal Donohoe: There were 3,652 appeals on hand before the Tax Appeals Commission (TAC) as at 20 May, 2019. I am advised by the TAC that it is difficult to provide an actual quantum figure because the original quantum of tax under appeal may be modified post filing of the notice of appeal (i.e. where an aspect of the appeal is settled or withdrawn), the parties may disagree in relation to the precise...

Written Answers — Department of Finance: Brexit Staff (30 May 2019)

Paschal Donohoe: I am informed by Revenue that since the start of 2019, Revenue has appointed over 500 staff from open recruitment and interdepartmental competitions. The majority of these have been assigned to customs roles or to backfill positions from which existing Revenue staff have been assigned to customs duties.As serving staff take up their new Brexit-related roles, Revenue is back-filling the...

Written Answers — Department of Finance: Legislative Programme (30 May 2019)

Paschal Donohoe: The updating of the Investment Limited Partnership Act, 1994 is a priority on the Government's legislative programme and, one of the strategic priorities in the recently published Ireland for Finance strategy document. The drafting of the amendments to the Act has been recently completed. It is my intention to bring forward the draft Bill to Government in the coming weeks to seek...

Written Answers — Department of Finance: Tax Credits (30 May 2019)

Paschal Donohoe: I propose to take Questions Nos. 54 and 55 together. I am advised by Revenue that the annual cost of the Research and Development (R&D) tax credit and the number of companies that availed of it for years up to 2017, the most recent year for which data is available, is published on the Revenue website at the following link: . The available information in respect of multinational and...

Written Answers — Department of Finance: Tax Reliefs Costs (30 May 2019)

Paschal Donohoe: It is assumed the Deputy is referring to the revised Entrepreneur Relief (section 597AA TCA 1997) that is available in respect of Capital Gains Tax (CGT). The available information is published on the Revenue website at the following link - . The estimated cost of the relief and the number of claims is provided in the following table for the Deputy's convenience. Year Estimated Exchequer...

Written Answers — Department of Finance: Tax Reliefs Costs (30 May 2019)

Paschal Donohoe: SARP was introduced in Budget 2012 as part of a strategy to promote Foreign Direct Investment into Ireland, and to allow us to compete internationally to attract highly skilled and mobile executives who act as key decision makers within organisations. The measure provides income tax relief on a portion of income earned by employees, who are assigned by their employer to work in Ireland, and...

Written Answers — Department of Finance: Tax Reliefs Costs (30 May 2019)

Paschal Donohoe: The Foreign Earnings Deduction (FED) is provided for in section 823A of the Taxes Consolidation Act 1997 (TCA). It provides relief from tax on up to €35,000 of salary for employees who travel out of State to certain countries on behalf of their employer. In order to qualify for FED, an employee must spend a minimum of 30 days abroad in a year and each trip must consist of at least...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (30 May 2019)

Paschal Donohoe: S128F of the Taxes Consolidation Act 1997 provides for the Key Employee Engagement Programme (KEEP) which came into effect on 1 January 2018. The aim of the incentive is to support SMEs in Ireland in competing with larger enterprises to recruit and retain key employees, by way of a targeted share option programme. I am advised by Revenue that the ‘KEEP 1’ returns in...

Written Answers — Department of Finance: Employment Investment Incentive Scheme Data (30 May 2019)

Paschal Donohoe: The Employment and Investment Incentive (“EII”) is an incentive whereby investors can claim relief for investments in qualifying companies. The annual cost and number of companies that have availed of the scheme between 2012 and 2017, the latest year for which data are currently available, can be found in the following table. Year No. of qualifying companies Estimated Tax...

Written Answers — Department of Finance: Tax Reliefs Data (30 May 2019)

Paschal Donohoe: Start Up Refunds for Entrepreneurs (SURE) provides a refund of tax paid in the previous six tax years to those previously in PAYE employment, or recently unemployed, where they invest funds into a new business set up by them. The most recent year for which statistics are available on this incentive is 2016. The cost and number of individuals who have availed of SURE for each year from 2012...

Written Answers — Department of Finance: Insurance Coverage (30 May 2019)

Paschal Donohoe: At the outset, as the Deputy is aware, I, in my role as Minister for Finance, have no responsibility for the operation of the Declined Cases Agreement (DCA) and therefore neither I, nor my Department, have direct access to the data that is being requested. However, in order to be as helpful as I can, my officials contacted Insurance Ireland about your information request. In response they...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Retirements (30 May 2019)

Paschal Donohoe: On 5 December 2017, the Government made the decision to increase the compulsory retirement age to 70, for public servants recruited prior to 1 April 2004. Primary legislation was necessary in order to bring that change into effect. It was made clear at the time that until such legislation was enacted, the compulsory retirement age of 65, which applied to the vast majority of this cohort,...

Written Answers — Department of Finance: Economic Growth (29 May 2019)

Paschal Donohoe: I regularly monitor the latest economic developments. My Department continually analyses short and medium-term macroeconomic trends in the European and international economy. This includes informing me of the latest forecasts of the global economy, and of our key trading partners from the international institutions. The OECD Economic Outlook Report, published on 21 May 2019, shows a marked...

Written Answers — Department of Finance: Corporation Tax (29 May 2019)

Paschal Donohoe: I recently had the opportunity to discuss the OECD work with some of my EU counterparts on the margins of Eurogroup, and there was a more in depth discussion at Ecofin, where I was represented by Minister D’Arcy. It was agreed at the ECOFIN that the various OECD tax proposals should continue to be discussed at EU level to try and identify common areas of interest or concern. The...

Vulture Funds: Motion [Private Members] (28 May 2019)

Paschal Donohoe: The Deputy cannot handle it.

Vulture Funds: Motion [Private Members] (28 May 2019)

Paschal Donohoe: A Cheann Comhairle-----