Results 19,181-19,200 of 32,610 for speaker:Paschal Donohoe

Other Questions: Personal Contract Plans (16 May 2018)

Paschal Donohoe: In my response to Deputy Michael McGrath, I referred specifically to consumer protection law as something that needs to be considered in regard to this category of finance. It is a category of finance that has grown in the way I have described. I am aware of who might be gaining access to the finance and how it is used. I have received the reports over a number of weeks and I am now...

Other Questions: NAMA Operations (16 May 2018)

Paschal Donohoe: I advise the Deputy that, as Minister, I play no role in the day-to-day operations of NAMA, which are set out in the NAMA Act 2009. As such, it is not appropriate for me, as a Minister, to discuss with NAMA how it should deal with an operational matter such as this. I can confirm, however, that my officials have been briefed on this matter. I am informed that, having considered the...

Other Questions: Corporation Tax (16 May 2018)

Paschal Donohoe: In the Finance Bill 2017, I introduced an 80% cap on the relevant income against which capital allowances for intangible assets may be deducted in a tax year.  This reinstated the cap which had been in place but which was lifted in the Finance Bill 2014 and therefore did not apply to assets onshored between 1 January 2015 and 10 October 2017. On the recommendation of the Review of...

Other Questions: Corporation Tax (16 May 2018)

Paschal Donohoe: I have supplied information to the Deputy in the context of last year's Finance Bill on the contact between my Department and my predecessor across the period when that decision was made. On the question of the decision I made, I made it on the basis of consultation I had with my own Department. I have outlined to Deputy Doherty the contact I had with bodies and organisations in the run-up...

Other Questions: Corporation Tax (16 May 2018)

Paschal Donohoe: I re-emphasise that intellectual property was brought to our country in the past and there was an expectation of what taxing regime would apply to that intellectual property when it was moved into our jurisdiction. I believe we should maintain that taxing regime. We gave commitments on what our international tax structure was going to be. Investment took place on that basis. If we were to...

Ceisteanna - Questions - Priority Questions: Corporation Tax Regime (16 May 2018)

Paschal Donohoe: When the Deputy looks at the companies who are accessing research and development grants, will he also be cognisant of the fact that they are creating employment in Ireland? Many of the companies the Deputy has referred to are very large employers. Their investment, which many other countries wanted, has been secured in Ireland. The different clauses the Deputy refers to, such as grants...

Ceisteanna - Questions - Priority Questions: Criminal Prosecutions (16 May 2018)

Paschal Donohoe: I wish to advise the Deputy that the DPP is entirely independent in carrying out her functions and neither I nor the Department of Finance are privy to her decisions. It would not be appropriate for me to question or query any action taken by the DPP in relation to these proceedings, and I did not discuss this matter with the chairman or CEO of NAMA. However, I am aware from recent...

Ceisteanna - Questions - Priority Questions: Criminal Prosecutions (16 May 2018)

Paschal Donohoe: A Leas-Chathaoirligh, we have just heard a number of allegations there-----

Ceisteanna - Questions - Priority Questions: Criminal Prosecutions (16 May 2018)

Paschal Donohoe: -----levelled against individuals who are not present to defend themselves.

Ceisteanna - Questions - Priority Questions: Criminal Prosecutions (16 May 2018)

Paschal Donohoe: When he responds, the Deputy might explain what a fact is, as he understands it, and what is an allegation. The Deputy knows that I cannot intervene in any decision that is made by either the Director of Public Prosecutions or the Data Protection Commissioner. He also knows that it would be entirely inappropriate and wrong for me to engage in any matter which NAMA is dealing with while it...

Ceisteanna - Questions - Priority Questions: Criminal Prosecutions (16 May 2018)

Paschal Donohoe: Any investigation that is under way on the part of the Office of the Data Protection Commissioner of any matter that it is raising with NAMA is a matter for that body. If it has any concerns that information is not being fully shared with them, or any issues in relation to the investigation, it has significant power under law to deal with that matter. I am sure if there were any such...

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Paschal Donohoe: I am happy to supply a table to the Deputy which lays all of this out. I have supplied it previously in a number of replies to parliamentary questions. The €400 million figure for demographics is unchanged. That is taking account of the move from gross fiscal space to net fiscal space.

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Paschal Donohoe: No, and I will provide a table to show that. I will also outline to the Committee on Budgetary Oversight, in a further note if necessary, the difference between the net fiscal space of last year, which is going to change again, and the carryover costs we have from last year's budget in respect of capital and current expenditure. It is very clear.

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Paschal Donohoe: More broadly, when we put together the summer economic statement, I will not be using the concept of fiscal space as a key way of putting our budget together.

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Paschal Donohoe: No, it is part of it.

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Paschal Donohoe: I will lay out in the summer economic statement the figures that I am required to provide. Before we make decisions about how to spend resources, however, we must be clear that we have those resources in the first place. We must raise the taxes to provide them and we must ensure that by spending the resources we are making proper use of them. I wish to be clear about the demographics....

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Paschal Donohoe: It is not. I have answered that question. The difference between moving from the gross fiscal space of €3.6 billion to the net fiscal space of €3.2 billion takes account of demographics. It is very clear. We have precommitted expenditure next year of the figure I have outlined and we have to find the money to pay for it.

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Paschal Donohoe: When we put the economic statement together, we will be explaining what resources we have available for budget 2019 but making crystal clear that we must ensure that it is correct to spend those resources.

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Paschal Donohoe: I am happy to answer all the questions. The difference between the figure of €3.6 billion for last year in moving to the figure of €3.2 billion takes account of €400 million in demographics-----

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Paschal Donohoe: -----which I have just explained. In addition, we have public capital plan commitments and Irish Water commitments which will take up fiscal space of €300 million. That takes us to the €3.2 billion figure. In addition to that, we have further expenditure commitments that were made after last year's summer economic statement. They consist of €700 million of fiscal...