Results 281-300 of 1,053,332 for in 'Dáil debates' OR (speaker:Tom Kitt OR speaker:Paul Donnelly OR speaker:Brian Stanley OR speaker:Carol Nolan OR speaker:Mary Lou McDonald OR speaker:Jack Chambers OR speaker:Marian Harkin OR speaker:Dessie Ellis) in 'Committee meetings'

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: This is proceeds that we have received from share sales and we feel it is important to utilise that to address a pressing issue in our country, which is obviously the delivery of more homes.

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: We will set out our tax package on budget day. We have been clear that reducing the income tax burden is a priority for the Government. All of the budgetary decisions we have taken have been highly progressive to date. Many people in our economy have been taken out of the income tax net, as the Deputy knows. We want to make sure that the effect of our decisions is progressive in the...

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: I will be able to set out on budget day the tax decisions that we take, the impact of those on workers in our economy and the cost-of-living-----

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: If one takes the combined income tax and cost-of-living package that we introduced last year and what I intend to progress this year, it will be highly progressive. We want to make sure average workers benefit-----

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: We brought in a highly progressive tax package last year which benefitted workers, particularly when one combines the income tax changes with the cost-of-living payments.

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: When one takes the combined total of income tax deductions and cost-of-living payments last year, average workers benefitted by in or around that.

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: I can send the committee detailed figures on the numbers who have paid and what it has taken to date. I am happy to provide that information. What we have done here is taken the recommendation of €2.8 million and we are phasing that in from 2026 onwards, with an increase of €200,000, which addresses wage growth in that interim period. It also addresses a specific concern that...

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: For 2025 it will not cost anything.

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: I will provide the committee with that information.

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: I know what the policy costs if we were to bring it to €2.8 million immediately.

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: I am happy to provide the committee with that information. By phasing this in over a number of years, it is a reduced cost vis-à-vis what the de Buitléir report recommended. I am happy to provide that information to the committee.

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: The Deputy will recall that the standard fund threshold was in excess of €5 million in previous years-----

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: What we are doing here is having a phased change to this over five years, which addresses specific retention issues and supports promotion to particular positions. First, it is not near what it was. Second, the Government is not changing the chargeable excess tax which was recommended. Third, we are trying to respond to the retention issues which have been well flagged. I am sure the...

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: I thank Deputy Moynihan very much. On his first question about the Future Ireland Fund and the Infrastructure, Climate and Nature Fund, there will be €10 billion between the two funds by the year end, with €6 billion there at present and €4 billion which will be allocated in quarter 4. Next year, the plan is to have a further €6 billion split, with €4...

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: I thank Deputy Healy-Rae. I will respond to some of the remarks on VAT in particular. I know the importance of hospitality and tourism, in particular for County Kerry and for many businesses across the country. We absolutely understand the pressure on businesses and small and medium enterprises in the hospitality sector in particular. We have a package of €1.4 billion available and...

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: To the Deputy's earlier point, I am always ambitious for Mayo, as I know she is, in terms of infrastructure. None of us forget our roots, I can assure her. On a serious point, what we have published in August is in line with profile except for corporation tax receipts, which are obviously significantly above profile. We will set that out with the White Paper we will publish on the Friday...

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: I will set that out in the White Paper, as is appropriate. It is important to set it out formally, as would be done in any given year.

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: The summer economic statement is as we have set out in terms of the wider parameters and in terms of tax and expenditure policy, and our wider budgetary strategy remains the same. The White Paper will set out the answer to the Deputy's question. I do not want to give her a false figure.

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: There is a deed of determination which was worked out when the escrow fund was established. The work has commenced on that by the NTMA and the Revenue Commissioners. I have been told it will take a number of months. There has to be a final figure settled on what it will amount to, but it certainly will not be before budget day, obviously. As we get that information, I will provide it to...

Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)

Jack Chambers: It is a good question too.