Results 17,621-17,640 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tax Treaties (6 Dec 2018)

Paschal Donohoe: The Competent Authority Agreement outlines the shared understanding of the authorities in Ireland and Malta that the BEPS Multilateral Convention on Tax Treaties will, once it is in effect in both jurisdictions, make clear that it is not the purpose of the bilateral Ireland-Malta Tax Treaty to enable an aggressive tax planning structure referred to as the ‘Single Malt’. This...

Written Answers — Department of Finance: Mortgage Lending (6 Dec 2018)

Paschal Donohoe: The Central Bank of Ireland’s macroprudential mortgage lending measures, which were first introduced in February 2015, are aimed at enhancing the resilience of both borrowers and the banking sector. The mortgage measures limit the amount of finance that an individual or a couple can borrow to buy residential property. These limits are based on the income of the borrower (loan-to-income...

Written Answers — Department of Finance: Brexit Issues (6 Dec 2018)

Paschal Donohoe: I am informed by the Central Bank that when a licence application is received, it is reviewed from a number of different perspectives. These include micro- and macro-prudential based assessments as well as reviews under the conduct of business and consumer protection codes. In assessing the macro-prudential risks of a banking licence application, the Central Bank examines the potential...

Written Answers — Department of Finance: Brexit Issues (6 Dec 2018)

Paschal Donohoe: In order to estimate any potential implications of such transfers a wide range of information would be required, including estimates of the type and value of assets that may transfer, future trading activities in the State, employment to be created, etc. I am advised by Revenue that, in the absence of such information, it is not possible to assess the cost or benefit to the Exchequer tax...

Written Answers — Department of Finance: Brexit Issues (6 Dec 2018)

Paschal Donohoe: As Minister of Finance, I cannot comment on the potential corporate decisions or operations of any individual financial institution, or their financial position. However, in terms of the overall economy, the movement of assets to Ireland by international banks in anticipation of Brexit, would be expected to have some impact on Ireland’s economic output as measured by gross domestic...

Written Answers — Department of Finance: Motor Insurance Costs (6 Dec 2018)

Paschal Donohoe: At the outset, it is important to note that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks...

Written Answers — Department of Finance: Motor Insurance Costs (6 Dec 2018)

Paschal Donohoe: As the Deputy is aware, the Cost of Insurance Working Group is in the process of implementing both its Report on the Cost of Motor Insurance and its Report on the Cost of Employer Liability and Public Liability Insurance. The Report on the Cost of Motor Insurance was published in January 2017, containing 33 recommendations with 71 associated actions. While the Report on the Cost of...

Written Answers — Department of Public Expenditure and Reform: Flood Prevention Measures (6 Dec 2018)

Paschal Donohoe: The protection of Shannon Airport from flooding is the responsibility of the airport owners, the Shannon Airport Authority(SAA). The airport is protected by a range of embankments on its Eastern and Western sides which are owned by the Airport Authority which is responsible for the maintenance and upkeep of those embankments. There are other embankments adjacent to the airport...

Written Answers — Department of Public Expenditure and Reform: Public Sector Pay (6 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 94 and 95 together. The Public Service Pay and Pensions Act 2017 came into operation on 1 January 2018 and gives effect to the provisions of the Public Service Stability Agreement 2018-2020. The Act provides for increases to the salaries of public servants on specified dates over the period of the Agreement. The relevant pay increases are applied to each...

Written Answers — Department of Public Expenditure and Reform: Departmental Staff Data (6 Dec 2018)

Paschal Donohoe: The information requested by the Deputy is as follows: A total of 60 staff in my Department have a degree and/or a post-graduate qualification in Economics, accounting for 14 % of the total staffing cohort. While many staff are economists by profession and support in particular the work of the Irish Government Economic and Evaluation Service (IGESS) established in 2012, many other staff...

Written Answers — Department of Public Expenditure and Reform: Trade Union Membership (6 Dec 2018)

Paschal Donohoe: The Civil Service Conciliation & Arbitration Scheme (C&A Scheme) is the formal structure for the conduct of industrial relations in the civil service. Under the provisions of the C&A Scheme the Minister for Public Expenditure and Reform may consider applications from any union or association seeking recognitionunder the Scheme provided that they are holders of a negotiation...

Written Answers — Department of Public Expenditure and Reform: Office of Government Procurement (6 Dec 2018)

Paschal Donohoe: Further to the reference regarding matters relating to Deutsche Bank, for the avoidance of doubt, there is no contractual relationship between the Office of Government Procurement and Deutsche Bank. Therefore we do not propose to comment in respect of the referenced media reports. With regard to ongoing investigations into matters relating to money laundering at one of Danske...

Written Answers — Department of Public Expenditure and Reform: Public Sector Pay (6 Dec 2018)

Paschal Donohoe: The Minister for Public Expenditure and Reform has responsibility for the arrangements relating to the payment of increments in the civil service. These arrangements are set out in Circular 9/1987:- Increments.Paragraph 4 of Circular 9/1987 states that ‘An increment is an increase in pay for which provision is made in a pay scale. As a general rule increments are granted provided an...

Written Answers — Department of Public Expenditure and Reform: Legislative Measures (6 Dec 2018)

Paschal Donohoe: I propose to take Questions Nos. 100 and 101 together. The information requested by the Deputy on the Acts passed since 2011 and the dates of enactment is set out in the following table. Name of Act Date of Enactment Appropriation Act 2017 18 December 2017 Public Service Pay and Pensions Act 2017 16 December 2017 National Shared Services Office Act 2017 26 July 2017 Ministers and...

Written Answers — Department of Public Expenditure and Reform: Departmental Schemes (6 Dec 2018)

Paschal Donohoe: The Deputy will be aware that the annual Revised Estimates sets out the funding that my Department grants to public bodies and organisations. The Department, in the main, does not operate funding schemes of a more general nature. However, there is one small exception. The Open Data Engagement Fund 2018 / 2019 made awards totalling €16,365 distributed over 6 projects. The Open Data...

Written Answers — Department of Finance: Departmental Staff Data (5 Dec 2018)

Paschal Donohoe: I wish to inform the Deputy that there are currently 10 staff from this Department seconded to work in other EU member states' public sector. This is broken down as illustrated in the following table. Permanent Representation of Ireland to the European Union - 6 staff Seconded National Expert in the EU Commission - 2 staff German Embassy, Berlin - 1 staff Organisation for Economic...

Written Answers — Department of Finance: Tax Code (5 Dec 2018)

Paschal Donohoe: The Deputy will be aware that since 2014, the European Competition has been engaged in an information gathering exercise and have sought information from all Member States in relation to certain corporate tax practices and regimes. It is understood that the Commission has examined over 1,000 rulings across national tax jurisdictions. This exercise has been ongoing since this time and, of...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (5 Dec 2018)

Paschal Donohoe: I have consulted with the Central Bank of Ireland and in their reply to me, the Central Bank have assumed that the matter that Deputy McGrath is referring to is the practice of Automatic Arrears Capitalisation. The Central Bank has advised me that a briefing note on the same topic was requested by Deputy John McGuinness on 18 May and a response issued by the Central Bank on 22 June. A copy of...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (5 Dec 2018)

Paschal Donohoe: I have been advised by the Central Bank of Ireland that the Consumer Protection Code 2012 (the Code) and the Code of Conduct on Mortgage Arrears 2013 (the CCMA) do not prescribe a methodology for the calculation of mortgage arrears. However, both the Code and the CCMA set out the information that must be provided to consumers in arrears. The CCMA sets out how mortgage lenders must treat...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (5 Dec 2018)

Paschal Donohoe: I have been informed by the Central Bank of Ireland that the Consumer Protection Code 2012 (the Code) and the Code of Conduct on Mortgage Arrears 2013 (the CCMA) do not prescribe a methodology for the calculation of mortgage arrears. However, both the Code and the CCMA set out the information which must be provided to consumers in arrears. The CCMA sets out how mortgage lenders must...