Results 541-560 of 1,014,445 for in 'Dáil debates' OR in 'Committee meetings' speaker:Rory O'Hanlon

Ceisteanna Eile - Other Questions: Defective Building Materials (10 Apr 2024)

Pearse Doherty: To be clear, what the banks are proposing here is 0% loans to those with affected homes. They are going to provide this to non-bank customers - people who do not have accounts, borrowings or mortgages with them. This is for everybody. The easiest way for this to happen is actually for the Department itself to do it. Instead of having to go through the bank, the Department should provide...

Ceisteanna Eile - Other Questions: Defective Building Materials (10 Apr 2024)

Seán Ó Fearghaíl: I thank the Deputy.

Ceisteanna Eile - Other Questions: Defective Building Materials (10 Apr 2024)

Pearse Doherty: -----and we cannot even get over that hurdle.

Ceisteanna Eile - Other Questions: Defective Building Materials (10 Apr 2024)

Seán Ó Fearghaíl: I thank the Deputy.

Ceisteanna Eile - Other Questions: Defective Building Materials (10 Apr 2024)

Pearse Doherty: I will finish on this point.

Ceisteanna Eile - Other Questions: Defective Building Materials (10 Apr 2024)

Seán Ó Fearghaíl: No, the Deputy is over time. He should please respect the time.

Ceisteanna Eile - Other Questions: Defective Building Materials (10 Apr 2024)

Pearse Doherty: Months ago I pleaded with the Minister and asked him to inject momentum into this issue. Unfortunately, I do not see that from him.

Ceisteanna Eile - Other Questions: Defective Building Materials (10 Apr 2024)

Michael McGrath: I want to find a way of getting progress for the homeowners as quickly as possible. I know the Minister, Deputy Darragh O'Brien, and the Department of Housing, Local Government and Heritage are examining the very issue Deputy Doherty raises about the nature of the payments and the early payments, the speed of them and so on. We could go down the road of a State guarantee and all that comes...

Ceisteanna Eile - Other Questions: Tax Reliefs (10 Apr 2024)

Tax Reliefs

Ceisteanna Eile - Other Questions: Tax Reliefs (10 Apr 2024)

Pearse Doherty: 8. To ask the Minister for Finance if he is concerned that the benefit-in-kind exemption for employer contributions to PRSAs, legislated through section 22 of Finance Act 2022, is facilitating aggressive tax planning; if his Department received recommendations from an organisation (details supplied) in June 2022 warning that such a risk would materialise; and if he will make a statement on...

Ceisteanna Eile - Other Questions: Tax Reliefs (10 Apr 2024)

Pearse Doherty: This is in relation to the benefit-in-kind, BIK, exemption for employer contributions to PRSA legislation that was introduced in the Finance Act 2022. It appears to me that this is facilitating aggressive tax planning. It also appears to me that the Department was warned this was happening, probably on more than one occasion. It was also warned prior to its introduction that it would or...

Ceisteanna Eile - Other Questions: Tax Reliefs (10 Apr 2024)

Michael McGrath: Section 22 of the Finance Act 2022 removed the difference in treatment between PRSAs and occupational pension schemes in relation to the funding rules, by abolishing the BIK charge on employer contributions to an employee's PRSA. In addition, employer contributions to an employee's PRSA are no longer counted towards an employee's age related and salary percentage limits on tax deductible...

Ceisteanna Eile - Other Questions: Tax Reliefs (10 Apr 2024)

Pearse Doherty: This is a massive tax loophole that was created by his predecessor as Minister, Deputy Donohoe. It remains in our tax code despite it being pointed out to Ministers. Limiting the amount that can be contributed to a pension with full tax relief in a single year is crucial to ensure equity in our tax system, to control revenue and to prevent abuse. The changes made by the Minister, Deputy...

Ceisteanna Eile - Other Questions: Tax Reliefs (10 Apr 2024)

Seán Ó Fearghaíl: I thank the Deputy.

Ceisteanna Eile - Other Questions: Tax Reliefs (10 Apr 2024)

Pearse Doherty: Does the Minister accept this represents a radical departure from pension policy and creates a significant loophole in our tax code?

Ceisteanna Eile - Other Questions: Tax Reliefs (10 Apr 2024)

Michael McGrath: This was a policy decision that was taken following careful examination by the interdepartmental group. The final conclusion of the report was that the differential treatment of the PRSAs for funding purposes should be abolished and employer contributions to PRSAs should not be subject to BIK. The interdepartmental report was subject to a public consultation. The responses to the...

Ceisteanna Eile - Other Questions: Tax Reliefs (10 Apr 2024)

Pearse Doherty: The Minister claims this was done on the recommendation of the interdepartmental group on pensions and tax reform but it is a clear misunderstanding of the reading of the group's recommendation, which was to abolish the differential treatment of the PRSA for funding purposes compared to occupational schemes. That was not done. Occupational schemes are benefit-limited. The changes made to...

Ceisteanna Eile - Other Questions: Tax Reliefs (10 Apr 2024)

Michael McGrath: I am aware of the proposal made by the society at the time. That was considered. A number of alternative options were explored, including an additional separate BIK limit for employer contributions to PRSAs and the new PRSA product mimicking the salary-based limits on occupational pension schemes to be used where an employer wished to make contributions to an employees PRSA. However,...

Ceisteanna Eile - Other Questions: Fuel Prices (10 Apr 2024)

Gerald Nash: It has to be kept under review. It fact, the Minister should make a clear statement here today that he is actively considering deferring the planned increases in August and October, respectively, which will make the differential between retail prices in the South vis-à-vis the North much more significant. The Minister is quite correct. When people cross the Border from Drogheda or...

Ceisteanna Eile - Other Questions: Fuel Prices (10 Apr 2024)

Pádraig O'Sullivan: I join Deputy Nash in supporting calls to look into the impacts that will be felt, particularly in Border counties. When one is talking to hauliers or people whose business is on a forecourt, one hears genuine concern about fuel tourism and the impacts on Border counties going forward. That is possibly compounded by the UK chancellor's recent decision to extend the deferral of excise across...