Results 1,601-1,620 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Media Sector (14 Nov 2023)

Michael McGrath: I am aware of the contents of the Committee on Budgetary Oversight’s Report on Section 481 Film Tax Credit. In relation to Recommendation 7 regarding intellectual property rights, and indeed Recommendation 8 regarding compliance with relevant copyright legislation, I would note that copyright law falls within the remit of the Department of Enterprise, Trade and Employment. It worth...

Written Answers — Department of Finance: Tax Reliefs (14 Nov 2023)

Michael McGrath: The Government remains committed to the environmental rationale behind the current emissions-based vehicle BIK regime which has been in operation since 1 January 2023. In the current inflationary context, however, the Government recognise the difficulty experienced by some people facing BIK increases under the new regime. To that end, temporary changes to BIK made in 2023, are being extended...

Written Answers — Department of Finance: International Agreements (9 Nov 2023)

Michael McGrath: The Deputy will recall that a Government decision was taken for Ireland to sign up to the global agreement on a two-pillared solution at the OECD Inclusive Framework to address the tax challenges associated with the digitalisation of the economy in October 2021. Pillar Two of that agreement will see the implementation of a global minimum tax of 15%. This decision was not taken lightly...

Written Answers — Department of Finance: Tax Yield (8 Nov 2023)

Michael McGrath: I am advised by Revenue that their micro-simulation modelling tool, Tax Modeller, is built to model scenarios on a taxpayer unit basis (i.e. including jointly assessed couples as one taxpayer unit). As such, it does not generate any outputs on an individualised basis, and it is therefore not possible to estimate changes to tax credits on an individual basis for a projected tax year. ...

Written Answers — Department of Finance: International Agreements (8 Nov 2023)

Michael McGrath: First of all I believe that it is important to clarify that the comments made by Secretary Yellen which the Deputy refers to did not suggest that Pillar Two will not be a global project. At the meetings in Luxembourg, Secretary Yellen confirmed there are open issues in relation to Pillar One of the OECD agreement, which concerns the reallocation of taxing rights, and which will delay the...

Written Answers — Department of Finance: Tax Code (8 Nov 2023)

Michael McGrath: My Department and Revenue have, for some time, been aware of issues arising from contractual arrangements within the General Practitioner (GP) community whereby some GPs treat income under their General Medical Services (GMS) contract as income of a GP practice in which they are a partner or an employee, rather than income of that individual GP. Revenue issued a guidance note to tax...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Michael McGrath: I thank the Deputies for contributing. At the outset, I acknowledge the work of the Committee on Budgetary Oversight. It was a substantive piece of work that my Department has closely observed and the officials are fully aware of the recommendations set out within that report. We need to bring it back to first principles. In this section, we are setting out a massive opportunity for the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Michael McGrath: In July of 2022, SCI and the ICTU Film Construction Group of Unions secured a construction agreement. This agreement encompasses up to 300 workers in the independent film and television construction sector. Among those included in the agreement are carpenters, plasterers, painters, riggers and stage hands. The agreement provides for increased hourly pay rates, overtime rates, allowances, a...