Results 81-100 of 1,718 for long speaker:Paschal Donohoe

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

Paschal Donohoe: ...in Ireland for many decades. I am sure many of the staff who are now, unfortunately, losing their jobs never thought they would be in a position where a bank that they had worked for for so long would be departing. I acknowledge the difficult nature of today for many of them. In terms of the bank levy and the future of it, the Deputy makes a fair point that the assets and liabilities...

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

Paschal Donohoe: ...settlement system. Euroclear operates the securities settlement system for trading in Irish shares. Where a company purchases its own shares via a securities settlement system, it has been a long-standing Revenue practice to confirm that stamp duty is not chargeable. In advance of budget 2023, officials in my Department carried out a preliminary examination of issues relating to the...

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

Paschal Donohoe: ...for sale or rent, where the occupation or sale of a property is restricted by court order, where the property has undergone structural works, where the property is vacant as a result of the owner's long-term illness and where the property is owned by a North-South implementation body. There are a number of exemptions that will lead to the majority of homes identified in our LPT survey not...

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

Paschal Donohoe: ...Some 23% of properties were vacant because they were undergoing refurbishment, 18% because they were up for sale and 20% because they were a holiday home. Legal disputes, probate applications and long-term care formed other reasons for vacancy.

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

Paschal Donohoe: ...cost of Deputy Matthews's bill has gone up by a smaller amount than that of a peer company - the actual value of the bill has gone up by a smaller amount than that of the company beside him - as long as the unit cost has gone up by 50%, that is what will determine whether the company comes into the scheme. The reason we made that design choice was that we did not want companies that...

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

Paschal Donohoe: ...who have been with me every hour of this process. I appreciate what Deputy Doherty said. I take very seriously my duties to this committee. I attend when I am requested, I attend for as long as requested and I do my best to answer all the questions that are put to me. I and my Department take very seriously the commitments that we have to the Oireachtas in the provision of...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: It will be a long few hours if every time I try to respond to Deputy Doherty-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: Even before I had completed my answer to the Deputy, he said I was putting words in his mouth. We have a long few days ahead of us, which I am looking forward to, but I ask the Deputy to allow me to finish the point I am making. The Deputy is quoting median earnings and I have acknowledged that his figures are correct. I am talking about average earnings.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: ...scheme. In the Netherlands, there is a scheme available that brings in a tax free allowance and in Italy, a scheme that has been in place since 2017 was approved again in 2019. Portugal has had a long-standing scheme in place for qualified non-resident professionals, delivering a 30% reduction in income tax. The scheme we have is more restrictive than the schemes that are in place in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I thank Deputy Boyd Barrett for his question and his long-standing interest in the matter. I will deal with some of the different issues the Deputy raised there. We have a fundamental difference in that the Deputy believes that taxation should be applied to the gross trade profits a company can make and he has made that clear to me on a number of occasions whereas the argument I have tried...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: ...has made. However, we consulted the SEAI and the Department of Environment, Climate and Communications on this measure. They were involved in the decision that we made on the timeframe for how long the scheme would be available and on the definition of "relevant". I am eager to move ahead with this because even within my own constituency I can see the work that needs to be done on...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: ...by the private sector will have people living in them soon who need a home. I am really surprised to hear that there are apartments that are vacant in the way that the Deputy described for as long as he has described. I have no reason to doubt the accuracy of what the Deputy is saying.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: ...be a home for them. That is part of what we need. We need a private sector that will build more homes. When the homes are built, if the ownership changes, I do not want them to be vacant for long. I want citizens living in them. I want people having stable homes. I want families confident that they are able to get an apartment or house that they will live in. But in order for that...

Ceisteanna Eile - Other Questions: Tax Code (10 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 what I have outlined and in light of Government commitments on climate change, budget 2022 extended the...

Ceisteanna Eile - Other Questions: Tax Yield (10 Nov 2022)

Paschal Donohoe: ...is no stamp duty chargeable on the transaction by virtue of section 31(1)(b) of the Stamp Duties Consolidation Act 1999. For shares bought back via an electronic settlement system, it has been a long-standing Revenue practice to confirm that stamp duty does not apply to such transactions. Revenue estimates that based on prior year transactions, the revenue forgone on share buybacks is...

Written Answers — Department of Finance: Defective Building Materials (10 Nov 2022)

Paschal Donohoe: ...mechanisms for resolving defects and, to consider financing options in line with the Programme for Government commitment to identifying options for those impacted by defects to access low-cost, long-term finance. The Report of the Working Group was published on 28 July last. It is clear from that document that the process of remediation is likely to take many years to complete, that...

Written Answers — Department of Finance: Insurance Industry (10 Nov 2022)

Paschal Donohoe: ...overall average award, compared to the previous Book of Quantum; - the Central Bank’s ban on price walking for home and motor insurance, which will end the “loyalty penalty” imposed on some long-term customers; - the establishment of the Office to Promote Competition in the Insurance Market, which aims to lower costs by promoting greater competition in the Irish...

Written Answers — Department of Finance: Vacant Properties (10 Nov 2022)

Paschal Donohoe: .../lpt/lpt-vac ant-properties-report.pdf In arriving at the estimates for the Budget documentation, certain assumptions were made based on the Revenue data and took into account the number of long-term vacant properties (those unoccupied for greater than 12 months), their valuation band, as well as their reasons for lying vacant which may correspond with an exemption from the tax. It is...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (10 Nov 2022)

Paschal Donohoe: ...of which:- in short term arrears (which for the purposes of this table are regarded as accounts in arrears of up to 90 days) 16,247 in long-term arrears (which for the purposes of this table are regarded as accounts in arrears of over 365 days) 33,331 Note: In addition to the above, there are a further 7,880 accounts in...