Results 61-80 of 1,718 for long speaker:Paschal Donohoe

Seanad: Finance Bill 2022: Committee Stage (7 Dec 2022)

Paschal Donohoe: ...they do not need it to get up to a full deposit level. However, even on the figures the Senator has used, 60% of those who access the scheme need and benefit from the help the scheme offers. It has been a long-standing feature of the tax code that we offer a degree of support to those who are hoping to buy and own their homes outright. That this scheme is concentrated on new supply only...

Seanad: Finance Bill 2022: Committee Stage (7 Dec 2022)

Paschal Donohoe: ...of prices going up, we would share some of that higher tax revenue with those who are doing the hard work in the first place. That is what this measure does. As Senators will be aware, we have a long-standing issue within our tax and social welfare system. There is a group of workers whose income is high enough that they do not qualify for any additional support through social insurance...

Seanad: Finance Bill 2022: Committee Stage (7 Dec 2022)

Paschal Donohoe: ...better. We have tried to recognise two particular changes to the scheme have been well received by those were involved in it. The first is the extension for a further five years, which is a very long extension for a scheme such as this. People with whom I engaged, who were good and ambitious for particular cities across our country and want to renovate their urban cores of them, made...

Written Answers — Department of Finance: Insurance Coverage (7 Dec 2022)

Paschal Donohoe: ...the insurance industry do take place as part of the OPW-Insurance Ireland Memorandum of Understanding Working Group that meets on a regular basis. The Department participates in this OPW chaired group along with Insurance Ireland, the Department of Housing and Local Government and other stakeholders. These discussions focus on how the levels of insurance cover might be improved in areas...

Written Answers — Department of Finance: Tax Code (7 Dec 2022)

Paschal Donohoe: ...Market, and other factors which combine to make Ireland an attractive location for FDI. Ireland signed up to the OECD two-pillar solution in October 2021 and we intend to follow through on that commitment. Our long-standing position is that the international tax system needs to keep pace with changes in how business is now being conducted globally. The agreement achieved at OECD...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)

Paschal Donohoe: ...the person wishes to have taken into account. The bank can adjourn the inquiry from time to time, provided the person who is the subject of the inquiry is made aware of it and the bank may proceed with an inquiry as long as the person has the opportunity to attend it and make a written submission.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed) (7 Dec 2022)

Paschal Donohoe: ...should constitute a new appeal on the facts of the case. It is a necessarily limited role, as in the case of other processes, as it would otherwise be unduly cumbersome to operate. There is a long-standing principle of curial deference being shown by the High Court when reviewing decisions of expert administrative bodies. The Legislature creates expert adjudicative administrative bodies...

Written Answers — Department of Finance: National Asset Management Agency (6 Dec 2022)

Paschal Donohoe: As the Deputy is aware, NARPS was created by NAMA to acquire housing units for long term lease to Approved Housing Bodies and Local Authorities. Following a review of NAMA in 2019, as required under Section 227 of the NAMA Act, I directed NAMA to retain NARPS in permanent state ownership. ‘Housing for All’ includes a commitment to agree the process for the transfer of NARPS from...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: The only positive consequence of the amount of effort involved in getting the legislation prepared and how long it has taken is that the training is already being provided in banks and companies involved, in particular legal firms, in implementing this legislation within banks. I am aware of many different seminars that have taken place already on how this will be implemented. This is work...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: I thank the Deputy. I understand that even in civil law, this is a standard constitutional right that exists. This is a long-standing constitutional privilege that individuals enjoy if they stand accused of a matter. As I said a moment ago, elsewhere in the legislation, particularly in terms of the conduct standards that are laid out, there will be ample opportunity for a regulator to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: ...again and again used the word "scandal" regarding how those people were treated, and "scandal" regarding how banks dealt with issues in the conduct of the investigation of the Central Bank and how long it took for the issue to be concluded. I have a duty to those families that I aim to discharge through supporting our independent regulators. I also have other duties. Some of these...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: ...this issue. We have looked at the Statute of Limitations elsewhere to help guide the six-year period and we are using judgment in coming up with a period of time which we hope will be sufficiently long in order for the bank to be able to perform an investigation into individuals who are no longer in the role they were in. I appreciate the point the Deputy made and why he made it. Again,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (30 Nov 2022)

Paschal Donohoe: Yes, that is correct. One of the issues this Bill is trying to address is not just some of the difficulties we have just discussed regarding how long it can take to identify an incident. While that is a key issue, it is also to address the risk that somebody might decide to resign and by resigning from a controlled function, they would then argue they are not subject to the scope of the...

Written Answers — Department of Finance: Tax Code (29 Nov 2022)

Paschal Donohoe: The Finance (Local Property Tax) Act 2012 (LPT Act) as amended does not make specific provision for an exemption, reduction or deferral from Local Property Tax (LPT) for property owners with long-term illness. The Government decided upon the introduction of the Local Property Tax (LPT) that a liability to the tax should apply to all owners of residential properties with a limited number of...

Written Answers — Department of Finance: Business Supports (29 Nov 2022)

Paschal Donohoe: ...in that unit price and usage over the same period in the reference period. Where a business has changed energy providers, the business will continue to be a qualifying business under the scheme so long as its energy costs meet the energy costs threshold and the other eligibility criteria are met. Where a business changes its energy provider, its MPRN and GPRN remain the same. When...

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: ...factors in their presence in our country. I agree with Deputies Boyd Barrett and Barry that it is not the only factor. The quality of our workforce, education levels in our country and our long-term relationship with many of these employers are also very important ingredients in why Irish companies develop their scale and presence in Ireland and why very large companies have also been...

Finance Bill 2022: Report Stage (23 Nov 2022)

Paschal Donohoe: ...tenants and people looking to buy their first home. The objective of the Government is first and foremost to increase supply, which over time will lead to an improvement in affordability. I have long considered and have in the run up to each finance Bill looked at whether alternatives to the help-to-buy scheme are possible and if they would be any better. This scheme has a number of...

Written Answers — Department of Finance: State Savings Schemes (22 Nov 2022)

Paschal Donohoe: ...(NTMA), through State Savings products, already offers a wide range of tax free savings products to the general public, including Prize Bonds and fixed rate savings bonds/certificates.  Both short term and long term fixed rate products are offered, with maturities from 3 to 10 years. The interest rates on offer are competitive and provide good value for the holders of State...

Written Answers — Department of Finance: Tax Code (17 Nov 2022)

Paschal Donohoe: ...than the continuation of the current system with exemptions for electric vehicles (EVs). This will bring the taxation system around company cars into step with other CO2-based motor taxes as well as the long-established CO2-based vehicle BIK regimes in other member states. In addition to the above and in light of government commitments on climate change, Budget 2022 extended the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: ...that are being raised with the Deputies by individual members of the sector are being raised by a number of people. We are following the hearings that are happening here and have followed the long-standing interest of both Deputies, particularly Deputy Boyd Barrett, in this matter, over many years. These developments are trying to respond to the issues that are being raised on working...