Results 16,041-16,060 of 32,864 for speaker:Paschal Donohoe

Ceisteanna Eile - Other Questions: Film Industry Tax Reliefs (14 Feb 2019)

Paschal Donohoe: The issue of how employment law is applied in various sectors is, as the Deputy might appreciate, a matter for the Minister for Business, Enterprise and Innovation and, therefore, I am not in position to answer the Deputy's question. As already stated, where we differ is that I do not believe the availability of tax relief for projects is likely to address all of the issues he has raised....

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

Paschal Donohoe: The specific commitment that I gave, as the Deputy will, I hope, remember, is that we would consider the issue quickly at the start of this year, which we are doing. As he will be aware, we are experiencing a trend at the moment where we are seeing change within independent bookmakers because of changes that have happened in consumer behaviour and because of the growth of larger companies...

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

Paschal Donohoe: We did try to find alternative ways of doing this last year. We engaged with the sector and we worked in last year's tax strategy group process but I recall the debate we had in the House about this on the Finance Bill and I said that we would look to see if an alternative and credible way was to be found of doing this. As the Deputy might appreciate, I am surrounded by sectors who are...

Ceisteanna Eile - Other Questions: Crime Prevention (14 Feb 2019)

Paschal Donohoe: I acknowledge the fact that the Deputy has raised this issue with me in many different debates. The threat that fuel fraud and the illicit alcohol and tobacco trades pose to legitimate business, consumers and the Exchequer is clear and I am assured by the Revenue Commissioners that combatting such criminality continues to be a priority for them. Steps taken by Revenue to combat the illegal...

Ceisteanna Eile - Other Questions: Crime Prevention (14 Feb 2019)

Paschal Donohoe: I agree entirely with the Deputy. The view the Revenue Commissioners have given me, which may interest him, is that the problem of fuel fraud has been massively reduced. Revenue's current assessment is that it has made a lot of progress to almost eradicate the issue. The Deputy may well have a different view and may be aware of more recent developments in this. I will pass those concerns...

Ceisteanna Eile - Other Questions: Credit Union Lending (14 Feb 2019)

Paschal Donohoe: This is a question that has been asked, and answered, many times. I last answered it in the Dáil last October and my colleague, the Minister of State, Deputy English, also answered it during oral parliamentary questions a few weeks ago. Each time, it has clearly been stated that the Government is not and has never committed to establishing a special purpose vehicle, SPV, on behalf of...

Ceisteanna Eile - Other Questions: Credit Union Lending (14 Feb 2019)

Paschal Donohoe: In response to the Deputy's second question, it will have to meet the regulatory requirements of the Central Bank in respect of the operation of credit unions. It will have to do that. In respect of the work of the Minister of State, Deputy English, which the Deputy touched on, maybe it is the case that the Minister of State was referring to specific areas of housing policy but I would have...

Ceisteanna Eile - Other Questions: Credit Union Lending (14 Feb 2019)

Paschal Donohoe: In response to Deputy Eugene Murphy's question, I cannot ensure this will happen because if part of our economy, credit union or banking sector decides it wants to participate in this, we can only do so much. In response to Deputy Michael McGrath, from the point of view of the Department of Finance, we now believe that we have done all we can to facilitate the set-up of such an entity. It...

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

Paschal Donohoe: The increase in the betting duty rate from 1% to 2%, and the betting intermediary duty rate from 15% to 25%, came into effect on 1 January. At this point in the year it is still too early to draw any conclusions on the impact of these increases. Receipts from betting duty represented less than 1% of all excise receipts in 2017 and this is likely to be the case in 2018. In addition, there...

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

Paschal Donohoe: The answer I gave a moment ago hopefully indicated to the Deputy that we are open to using the issuing of bonds such as this to fund infrastructural activity that meets the needs for either clean transport or green energy. It will not surprise the Deputy to hear that I am concerned about specifying formally that any form of borrowing or tax revenue has to be directly linked into specific...

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

Paschal Donohoe: It is a good thing that the Deputy is nowhere near the standards of Deputy Mattie McGrath, who decides what his answer is going to be before I give my answer. I said that the essence of a green bond is that it is directed at particular types of projects we want to go ahead with, and that these are some of the types of projects a green bond might be able to fund. We can then explain to...

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....