Finance (Houses of the Oireachtas)

Finance - Carbon tax - implementation

Sitting date: 26/10/2017
[Written Answers]...the status of his department's study of the impacts of carbon taxes here. [Q. No(s) 67 to Minister for Finance ]

Finance - Carbon tax - implementation

Sitting date: 26/10/2017
[Written Answers] Ireland’s carbon tax covers non-ETS emissions arising from the combustion of fossil fuels, such as coal and oil, for uses outside electricity generation and heavy industry sector. In the context of Ireland’s commitments under the Paris Agreement and other climate obligations the...

Finance - Central Bank of Ireland - data

Sitting date: 26/10/2017
[Written Answers]...the way in which the non payment of water charges by a household will be reflected in the central credit register; and if he will make a statement on the matter. [Q. No(s) 70 to Minister for Finance ]

Finance - Central Bank of Ireland - data

Sitting date: 26/10/2017
[Written Answers]...the way in which the late payment of utility bills by a household will be reflected in the central credit register; and if he will make a statement on the matter. [Q. No(s) 71 to Minister for Finance ]

Finance - Central Bank of Ireland - data

Sitting date: 26/10/2017
[Written Answers] I propose to take Questions Nos. 70 and 71 together. The Central Credit Register is established by the Central Bank under the Credit Reporting Act 2013. Part (e) of the definition of credit as set out in Section 2(1) of the Act excludes from the definition of credit that which i...

Finance - Knowledge development box - issues relating to

Sitting date: 26/10/2017
[Written Answers]...the number of firms by size (details supplied) that have applied for the knowledge development box scheme for SMEs since being established, in tabular form. [Q. No(s) 73 to Minister for Finance ]

Finance - Knowledge development box - issues relating to

Sitting date: 26/10/2017
[Written Answers] I am advised by Revenue that the Knowledge Development Box (“KDB”) was introduced with effect from 1 January 2016. Information from Corporation Tax returns for 2016, the bulk of which are presently being filed, will be processed, parsed and analysed in the coming months. Further in...

Finance - Central Bank of Ireland - reports

Sitting date: 25/10/2017
[Written Answers]...her views on the latest Central Bank paper, the Labour Market and Wage Growth after a Crisis, which shows around one in ten persons reported they were willing to work up to 16 hours more per week on average, suggesting a greater degree of slack in the labour market, which will ac...

Finance - Central Bank of Ireland - reports

Sitting date: 25/10/2017
[Written Answers] The Action Plan for Jobs is the Government’s key instrument to support job creation. The Action Plan for Jobs process is working. Since the first Plan was launched in early 2012, there are over 224,000 more people at work, bringing total employment in the State to almost 2,063,000 ...

Finance - Budget 2018 - issues relating to

Sitting date: 24/10/2017
[Written Answers]...his views on the ESRI analysis of budget 2018 by a person (details supplied) that all households have lost income due to the lack of indexation of budget changes in both tax and welfare; and if he will make a statement on the matter. [Q. No(s) 84 to Minister for Finance ]

Finance - Budget 2018 - issues relating to

Sitting date: 24/10/2017
[Written Answers]...his plans for reforms to improve household incomes to ensure indexation of budget changes in taxation changes in future budgets; and if he will make a statement on the matter. [Q. No(s) 85 to Minister for Finance ]

Finance - Budget 2018 - issues relating to

Sitting date: 24/10/2017
[Written Answers] I propose to take Questions Nos. 84 and 85 together. I take it that the Deputy is referring to an article by the Economic and Social Research Institute (ESRI) assessing the distributional impact of Budget 2018 which was published in the Irish Times on Thursday, 12th October 2017....

Finance - Budget 2018 - issues relating to

Sitting date: 24/10/2017
[Written Answers]...the advice he received from the tax strategy group in advance of budget 2018; if he will publish the advice he received; and if he will make a statement on the matter. [Q. No(s) 87 to Minister for Finance ]

Finance - Budget 2018 - issues relating to

Sitting date: 24/10/2017
[Written Answers] As the Deputy will be aware, the Tax Strategy Group (TSG) is in place since the early 1990s and is chaired by the Department of Finance with membership comprising senior officials and political advisers from a number of Civil Service Departments and Offices. Papers on various opt...

Finance - Budget 2018 - issues relating to

Sitting date: 24/10/2017
[Written Answers]...the full estimated year cost in 2019 of spending measures announced in budget 2018; the impact on the fiscal space available for budget 2019; and if he will make a statement on the matter. [Q. No(s) 113 to Minister for Public Expenditure and Reform ]

Finance - Budget 2018 - issues relating to

Sitting date: 24/10/2017
[Written Answers] Table 7 on page 38 of Expenditure Report 2018 provides an estimate of €192 million in respect of the full-year impact of Budget 2018 current expenditure measures in the areas of Social Protection, Education and Justice. This has been reproduced in the following table. # Addition...

Finance - Budget measures - impact

Sitting date: 24/10/2017
[Written Answers] The impact of the Budget on poverty levels is assessed using the ESRI SWITCH model, which is a tax-benefit micro-simulation model used by Government Departments, including my own, to assess the distributional impact of the Budget. The Department of Employment Affairs and Social ...

Finance - Budget measures - impact

Sitting date: 24/10/2017
[Oral Answers]...the projected impact from pre-budget publicity of an increase in non residential stamp duty on such transactions in advance of 10 October 2017; his views on market reports that the projected 2018 yield from the 4% increase will not be achieved; and if he will make a statement on the...

Finance - Budget measures - impact

Sitting date: 24/10/2017
[Questions] I wish to ask the Minister about the extensive leaking in the days before the budget of his intention to raise significantly the rate of stamp duty from 2% and, potentially, to double it. Such leaks have never been as blatant or widespread as in the run-up to budget 2018 and certain ind...

Finance - Budget measures - impact

Sitting date: 24/10/2017
[Questions] In 2011 the rate of stamp duty applying to non-residential property transactions was fixed at a flat rate of 2% as a supply-side measure. Budget 2018 increased the rate on such property transactions to 6% as of 11 October 2017. While the commercial property market has now recovered str...

Finance - Budget measures - impact

Sitting date: 24/10/2017
[Questions] An examination of media reports, in particular for the 48 hours before the budget, would suggest differently because those reports very specifically said that the stamp duty was going to increase by a very significant amount and generally suggested an increase from 2% to at least 5%. Su...

Finance - Budget measures - impact

Sitting date: 24/10/2017
[Questions] I categorically reject the absolutely unfounded allegations made by Deputy Burton. Because she agrees with the decision I made, she can do nothing beyond making unfounded and inaccurate allegations regarding my conduct and that of my Department. The decision on this matter was treated ...

Finance - Budget measures - impact

Sitting date: 24/10/2017
[Questions] If the Minister is that concerned, he has a very easy remedy that would put all our minds at rest, namely, backdate the introduction of the measures to 8, 9 or 10 October. The budget was brought in on 11 October. If he wanted to, the Minister could even backdate the introduction of the...

Finance - Budget measures - impact

Sitting date: 24/10/2017
[Questions] I thank the Minister. Question No. 5-----[An Ceann Comhairle]

Finance - Budget measures - impact

Sitting date: 24/10/2017
[Questions] May I respond to that briefly?[Burton, Joan]

Finance - Budget measures - impact

Sitting date: 24/10/2017
[Questions] No. I am sorry-----[An Ceann Comhairle]

Finance - Budget measures - impact

Sitting date: 24/10/2017
[Questions] I just want to say one sentence-----[Burton, Joan]

Finance - Budget measures - impact

Sitting date: 24/10/2017
[Questions] The Deputy always does this.[Smith, Bríd]

Finance - Budget measures - impact

Sitting date: 24/10/2017
[Questions] We know about that.[An Ceann Comhairle]

Finance - Budget measures - impact

Sitting date: 24/10/2017
[Questions] I think the Deputy is realising just how spurious is the ground on which she is raising this matter. She is now talking about inadvertent leaking in contrast to the serious allegations-----[Donohoe, Paschal]