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Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: It is precisely because the Government and all those who represent those affected by the mica issue understand the anxiety and trauma that so many families have faced that the Government has worked hard to bring forward a comprehensive and strong response of over €2 billion to support families facing the nightmare of a home turning into a crumbling building. It is because the...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: For a low- or middle-income earner worried about the cost of living, Sinn Féin's policy is that it does not want to see any changes to personal taxation. That is what it is has stated repeatedly. It does not want to see any changes in how we can change our tax code to support people at a time when prices are going up and inflation is rising.

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: It is true.

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: Okay. I will acknowledge the point on rent relief.

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: Where was this commitment to changing taxes in the Sinn Féin budget statement?

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: Sinn Féin stated that it does not support any significant changes to personal taxation. That is its policy and that is what it has stated. At a point when prices are going up and inflation is also beginning to rise which, as the Deputy knows because he understands these things well, means that our tax code benefits as a result due to its potential non-indexation, he is against using...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: Wrong.

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: The Deputy is wrong.

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: I have no script with me. I am saying to the Deputy that the idea that he can stand in this Chamber, put forward ideas for change and not expect them to be tested will not happen.

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: I am testing them and I see the Deputy's reaction. He has voted against changes that would help. He talked about disposable income. The changes I am making to the standard rate cut-off point do help with disposable income for those who are on middle incomes. We made the change to tax credits precisely so more people would benefit from the overall changes that we are making to tax policy....

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: No. The Deputy is wrong.

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: As I did not have the chance to deal with it on Committee Stage I will deal with the latter point raised by Deputy Tóibín before I deal with Deputy Doherty's amendment. The VAT rating for goods and services is subject to EU VAT law that our law must comply with. In general, the VAT directive provides that all goods and services are liable to VAT at the standard rate, currently...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: One hand knows exactly what the other hand is doing which is why we are bringing forward this measure. If the change in biofuel was happening and it was not accompanied by the offset that I am putting in place, Sinn Féin would be critical of that. We are putting in place the offset and the Deputy is still critical of it. This is a measure that has the potential to and will affect the...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: If there was ever an example of how, regardless of what you do, Sinn Féin will just have the same response, it is Deputy Doherty's response here. The reason we are doing it from 1 April is that according to the Department of Transport, the reserves that are now in place will need time to pass through the fuel system. The change in the biofuel obligation, while it will happen from 1...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: I move amendment No. 21: In page 97, between lines 2 and 3, to insert the following:“Amendment of Schedule 2 to Finance Act 1999 (mineral oil tax) 42.The Finance Act 1999 is amended with effect as on and from 1 April 2022 by the substitution of the following Schedule for Schedule 2: “SCHEDULE 2 RATES OF MINERAL OIL TAX With effect as on and from: Light...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: The reason I am bringing forward this measure is to contribute to offsetting the impact on the price at the pump that could be caused by the implementation of this biofuel obligation. It is being implemented from 1 April because I am informed by the Minister for Transport that it will take a number of months for the change in the biofuel obligation to pass through into the price at the pump....

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: Yes.

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: I never said that.

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: We are building public housing. The most dangerous concept in politics is that there is no alternative. I would never suggest that. We are building public housing and social housing. That is happening at scale. I was with the Taoiseach earlier today in St. Mary's Mansions on Sean McDermott Street. I saw a wonderful project delivered by Dublin City Council and Clúid. Let us look at...

Finance Bill 2021: Report Stage (Resumed) and Final Stage (2 Dec 2021)

Paschal Donohoe: To deliver for the housing needs our country has now as well as for the housing needs that will grow into the future, we require the savings of other parts of the world to be invested in building homes in Ireland. That is because, given the size of our economy, the banks we have left, the youth of our population and the homes we will need, we will need savings from elsewhere in order to fund...

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