Results 15,781-15,800 of 32,593 for speaker:Paschal Donohoe

Ceisteanna Eile - Other Questions: Corporation Tax (14 Feb 2019)

Paschal Donohoe: Before I refer back to the comment the Deputy made, it is the case that my position is unchanged in terms of how taxation decisions are made within the European Union. I have been at the forefront of making this case over the last 18 months. The difference now is the growing number of countries which feel the same way about how taxation decisions are made: they are now aware of the need for...

Ceisteanna Eile - Other Questions: Corporation Tax (14 Feb 2019)

Paschal Donohoe: The timeline the OECD is now meeting is a revised timeline that was put in place last year. The Deputy may recall last summer, in the aftermath of an informal meeting of European finance ministers, when the OECD committed to revised timelines and said that it would seek to pursue this work in what they said was an inclusive format and seek to publish a roadmap to cover this year. I believe...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Departmental Consultations (14 Feb 2019)

Paschal Donohoe: When the Deputy does not like my reply to him, he makes up what he thinks I said and uses that as the basis of his answer. At what point did I lambaste the competency of my officials in my answer? I made the point that the Deputy is the one who lambastes and that we need specialist help in certain areas, we must acquire that help for the best value available. I reiterate my answer to...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Departmental Consultations (14 Feb 2019)

Paschal Donohoe: The Deputy rarely stands up without making an accusation against somebody. To which Department is he referring?

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Departmental Consultations (14 Feb 2019)

Paschal Donohoe: Which Department? The Deputy should answer the question.

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Departmental Consultations (14 Feb 2019)

Paschal Donohoe: Am I correct in stating that the Deputy is referring to the Department of Public Expenditure and Reform?

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Departmental Consultations (14 Feb 2019)

Paschal Donohoe: Even this brief exchange might provide an explanation for the two different figures. The Deputy may be referring to another Department and not the Department of Finance. Notwithstanding the Deputy's references to confetti and snuff, I also represent and serve ordinary people and I am aware of the concerns they have about the use of taxpayers' money. As stated, the Deputy will be...

Ceistanna (Atógáil) - Questions (Resumed) - Ceisteanna ar Sonraíodh Uain Dóibh (Atógáil) - Priority Questions (Resumed): National Treasury Management Agency Bonds (14 Feb 2019)

Paschal Donohoe: I thank the Deputy for acknowledging the success of the initiative, which I appreciate. As he noted, it raised €3 billion. The bond, which matured in 2031, was sold at an initial yield of 1.399%, following a decision the Government made last July. The transaction was a further move by the NTMA to diversify its issuance, access a new category of investor and provide a new debt...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Corporation Tax (14 Feb 2019)

Paschal Donohoe: Mr. Coffey made his comments after a shift in corporation tax yield. As the Deputy will know well, between 2012 and 2014 corporation tax receipts came in at about €4 billion to €4.5 billion. Between 2015 and 2016 they moved between €6.8 billion and €7.3 billion. Across that two year period, there was a structural change in the level of corporation tax receipts....

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Corporation Tax (14 Feb 2019)

Paschal Donohoe: I accept, as I have before, the principal of the need to do this. The Deputy raised it with me some weeks ago at the committee on Finance, Public Expenditure and Reform and Taoiseach. On the kinds of pressures and challenges that could develop in the coming period, I can see developments which might strengthen our position regarding corporation tax and can see developments that may also...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Departmental Consultations (14 Feb 2019)

Paschal Donohoe: My Department engaged PricewaterhouseCooper, PWC, on one occasion between 2015 up to and including today’s date in 2019. The gross cost of this engagement was €73,031.25. The purpose of the engagement was to carry out a money laundering and terrorist financing national risk assessment. The aim of this assessment was to identify, understand and assess the money laundering...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Departmental Consultations (14 Feb 2019)

Paschal Donohoe: I do not think that the Deputy even listened to my answer.

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Departmental Consultations (14 Feb 2019)

Paschal Donohoe: I stood up and said that we have employed this company once between 2015 and today. This company has been employed for us on a single occasion. Instead the Deputy stands up and bases an answer on what he would like to hear-----

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Departmental Consultations (14 Feb 2019)

Paschal Donohoe: -----rather than the information I gave the Deputy. This company, across the time period to which I was asked to refer, has been used on a single occasion by my Department. The Deputy will stand up day after day and lambaste the ability and competence of my officials to perform their work. When they seek to gain external support for the delivery of their duties, he lambastes that too. I...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: EU Directives (14 Feb 2019)

Paschal Donohoe: As the Deputy and Mr. Carthy, MEP, will be aware, the legislative package of the Commission and its objectives seek ways in which we can create a safer and more stable and resilient financial sector. Part of this was the implementation of revised capital requirements for banks under the capital requirements directive and the capital requirements regulation. This aspect of the package of...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: EU Directives (14 Feb 2019)

Paschal Donohoe: The only culture I am interested in seeing develop throughout Europe is one that builds on what we have had in Ireland, where we have seen really important and significant progress in dealing with the issues of mortgage arrears and distressed debt, taking account of the huge trauma and difficulty it causes to citizens. Of course, what I will not hear from Deputy Doherty is the fact that we...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: EU Directives (14 Feb 2019)

Paschal Donohoe: Of all the Deputies I thought were going to mention Valentine's Day to me, I did not have Deputy Doherty at the top of the list. His card has not arrived to me yet, nor indeed has a card from anyone else, but the day is but young. As for all the charges the Deputy has put to me, I point back to the balance we have sought to secure, which the Deputy will never acknowledge, of trying to...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Corporation Tax (14 Feb 2019)

Paschal Donohoe: There has been a very significant increase in our corporation tax receipts. This is an area on which there will be growing focus in the next few years because of change that is very likely in the global tax landscape. Whether it be the work that is taking place in the OECD or changes that we may see as a result of global trade, it will be increasingly important that we form a new view...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Brexit Preparations (14 Feb 2019)

Paschal Donohoe: The continued efficient flow of legitimate trade through Ireland's ports and airports is a key priority for the Government. In this regard, the Revenue Commissioners have undertaken significant preparations to date, with work intensifying in recent months. With resource requirements, the Revenue Commissioners determine that an additional 600 staff will be required to manage the impact of...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Brexit Preparations (14 Feb 2019)

Paschal Donohoe: On the first of the Deputy's three points, I do not have the information available on how many staff have been recruited. I will be able to get that information quickly and I will share it with him. The second question was on engagement with traders. It is fair to say that many businesses still have a lot of work that needs to be done quickly in the case of a no-deal scenario. The...