Results 301-320 of 1,055,909 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Ciarán Cuffe OR speaker:Michael McNamara OR speaker:Seán Canney OR speaker:Cathal Crowe OR speaker:Alan Kelly OR speaker:Jack Chambers OR speaker:Marc MacSharry)

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)

Seán Canney: I thank the Ministers. We are talking about all the money we have. It is dangerous times because it is about how we can spend it wisely rather than just throwing it around the place. I said it last year and I agree with the fact that we need to be putting some of this money into a future fund and a climate fund. We also have an opportunity to do something with some of this money to...

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

Seán Canney: I also asked about transport.

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.

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

Jack Chambers: If we take the measures we have made from a tax perspective, for example, and the progressive nature of our decisions on tax over the last four years, a single person earning €40,000, for example, had an effective tax rate of 21% in 2020 and has an effective tax rate of 17% now. There has been a progressive nature to all of the decisions we have taken from a tax policy perspective....

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

Jack Chambers: The current threshold has not moved for many years. Property prices have risen significantly. It is an issue for many families in communities throughout our country. Capital acquisitions tax is important. There is a separate campaign calling for its removal completely. It is important that it is there to have equity in our society. There is a necessity to examine the context we are in,...

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

Jack Chambers: As Deputy Conway-Walsh is aware, Michael McGrath was advised by the NTMA that it had decided to divest from several ISIF global portfolio investments in companies that have certain activities in the occupied Palestinian territories. This decision relates to shareholdings with a value of €2.95 million in six companies. It determined that the risk profile of these investments is no...

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

Jack Chambers: I can revert to the committee on this. Deputy Conway-Walsh is asking about the Central Bank, which is independent of me and the Department. What I will share with the Deputy is that the Government's position on what is happening in Gaza is that it is shocking and we have been clear on that in our statements in the Oireachtas and at EU and international level. On the matter relating to the...

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

Jack Chambers: We are working within the Government. We have had constructive discussions in recent days. There is absolute agreement in Government and throughout the Oireachtas on ensuring the tax addresses hoarders in our country. This is important to everybody. There is also consensus on excluding active farmers who are now an unintended consequence of the tax as it exists today. The majority of...

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

Jack Chambers: It is our intention-----

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

Jack Chambers: -----to exclude active farmers and have the tax. This is what we have consensus on.

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

Jack Chambers: Correct.

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

Jack Chambers: Who could not get out.

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

Jack Chambers: The most recent figure I have is a percentage because information is still coming back from local authorities. The latest information as of a week or two ago is that more than 90% of farmers who sought to exclude themselves could not do so in the process that existed in previous months. This is why it is a serious issue being raised by most political parties.

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

Jack Chambers: The process they entered into was an application to change the zoning from residential to the respective use they presently have. In a majority of those instances, based on the data we have received, that has been refused by local authorities. That is why we have this challenge and why we are trying to develop a mechanism that resolves it in a context of ensuring we have a tax, which this...