Results 101-120 of 27,464 for speaker:Michael McGrath

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: You wanted to put it up by 8 cent in the month of April.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: You should be honest with them.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: That is twice what the Government put it up by. That is what I mean when I say you should be honest with them.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: There is no 20 cent difference.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: Yes.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: There is no 20 cent difference.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: You just go around telling them all what they want to hear. That is what you do.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: Chair, I am being provoked on a constant basis. The Deputy stood up and did not address the question that was here.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: You are.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: The Government provided significant reductions in excise in 2022. Those reductions were absolutely warranted and justified by the circumstances at the time. There was a very significant energy price shock and the cost of a litre of fuel was between €2.10 and €2.20 at that point. The situation is volatile. The cost of a barrel of oil is fluctuating and has moved back up...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: The Deputy should also be honest and acknowledge what his policy is in respect of this matter. His policy, as set out at budget time, was that there would be full restoration this month. The Sinn Féin policy was, at the time of budget 2024, that petrol would go up by 8 cent, diesel by 6 cent, and marked gas oil by 3.4 cent in the month of April. The party said it would keep it under...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: That is what Sinn Féin said. That is what the party provided for in its alternative budget which was costed, as Deputy Doherty always says. That is what he provided for and I assume he was being honest when he was engaging with all of the petrol and diesel garage owners across the Border counties. His policy was, and presumably remains, that there should have been full restoration in...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: When the Government introduced the reduction in excise in the early part of 2022, prices were between €2.10 and €2.20 per litre. Every reduction comes at a cost to taxpayers generally. Well over €1 billion has been provided by way of revenue foregone by the Exchequer to fund the reduction in excise, which was always intended to be temporary. What we did was split the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (10 Apr 2024)

Michael McGrath: I propose to take Questions Nos. 1 and 3 together. At the outset, the Deputy should note that the Government and I are conscious of the implications of fuel costs for all sectors of society. This is reflected in the fact that in 2022, in light of the acute impact rising prices were having on households and businesses, the Government provided for excise rate reductions of 21 cent, 16 cent...

Written Answers — Department of Finance: Inflation Rate (10 Apr 2024)

Michael McGrath: Inflation reached multi-decade highs in 2022, averaging 8.1 per cent with a peak of 9.6 per cent in June 2022 (as measured by the HICP). Whilst the initial driver of this inflationary pressure was a surge in global energy prices, it subsequently became increasingly broad-based as price pressures spread throughout the economy. Since then, significant progress has been made in reducing...

Written Answers — Department of Finance: Legislative Process (10 Apr 2024)

Michael McGrath: The Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024 was published on 25 March 2024. The Infrastructure, Climate and Nature Fund (ICN Fund) is one of the two new funds being established under this Bill. From 2026, it will be possible to draw down from the fund to support State expenditure in certain circumstances. The rationale for allowing access to the ICN Fund...

Written Answers — Department of Finance: Tax Yield (10 Apr 2024)

Michael McGrath: The Deputy should note at the outset that all energy products used for motor or heating purposes are subject to excise duty. Liquid fuels and natural gas used as a propellant are chargeable to Mineral Oil Tax. Natural gas used for all other fuel purposes is subject to Natural Gas Carbon Tax. Solid fuels, including coal, peat and peat products, are subject to Solid Fuel Carbon Tax. Mineral Oil...

Written Answers — Department of Finance: Tax Data (10 Apr 2024)

Michael McGrath: I am advised that my Department does not produce projections for gross trading profits or the usage of capital allowances. Detailed data on the calculation of corporation tax liabilities, including on these metrics, is published by the Revenue Commissioners. This can be found on Revenue’s website at: www.revenue.ie/en/corporate/information-about-revenue/statis...

Written Answers — Department of Finance: Financial Services (10 Apr 2024)

Michael McGrath: The Financial Services and Pensions Ombudsman (FSPO) plays a vital role for consumers of financial services in Ireland, as part of a robust financial consumer protection framework. It is an independent, impartial, fair and free service that helps resolve complaints against financial service providers. The statutory functions of the FSPO are set out in the Financial Services and Pensions...

Written Answers — Department of Finance: Climate Action Plan (10 Apr 2024)

Michael McGrath: The Deputy should note that Government policy with regard to greenhouse gas emissions and taxation is based on the polluter-pays principle, whereby high emission energy products, fuels or vehicles are subject to the highest levels of taxation. National taxation measures are reviewed and examined as part of the annual budgetary cycle and policy options are published in the Tax Strategy Group...