82. Deputy Micheál Martin asked the Minister for Finance when the summer economic statement is planned. (Question 19089/18 asked on 02 May 2018 - Summer Economic Statement)

Minister for Finance (Deputy Paschal Donohoe): The Summer Economic Statement (SES) is a key element of the reformed budgetary process which complements the Stability Programme Update (SPU). The macroeconomic outlook that was published in April, as part of SPU 2018, will underpin the SES. The SES will provide an updated assessment of the broad parameters for fiscal policies in 2019 and will outline what I believe will be the appropriate fiscal stance for our economy next year.
The SES is expect...

134. Deputy Micheál Martin asked the Minister for Finance if he will report on the discussions at EU level regarding the European Monetary Fund; and his views regarding Chancellor Merkel’s comments on same. (Question 17683/18 asked on 24 Apr 2018 - Economic and Monetary Union)

Minister for Finance (Deputy Paschal Donohoe): The European Commission published a package of measures on the Future of the Economic and Monetary Union on 6 December 2017. Among them was a proposal on the possible creation of an European Monetary Fund (EMF). This follows on from the Commission’s Reflection Paper on the Deepening of the Economic and Monetary Union (EMU), which was published on 31 May 2017, as part of a series of reflection papers on the Future of Europe. 
The Commission’s propo...

187. Deputy Micheál Martin asked the Minister for Finance if his Department is planning the way in which a soft border would work if the EU requires same when the UK exits the customs union. (Question 4559/18 asked on 27 Mar 2018 - Brexit Issues)

Minister for Finance (Deputy Paschal Donohoe): I propose to take Questions Nos. 89 and 187 together.
In the context of the UK’s withdrawal from the European Union, the EU has made clear that in light of the unique circumstances on the island of Ireland, flexible and imaginative solutions will be required, including with the aim of avoiding a hard border, while simultaneously respecting the integrity of the Union legal order. This approach is reflected in the draft Withdrawal Agreement and its P...

68. Deputy Micheál Martin asked the Minister for Finance if he will report on his meeting with the shadow chancellor in London on 5 March 2018; the issues that were discussed; and if he will make a statement on the matter. (Question 11923/18 asked on 20 Mar 2018 - Ministerial Meetings)

Minister for Finance (Deputy Paschal Donohoe): My meeting with Shadow Chancellor McDonnell on 5 March provided an opportunity to engage constructively on the strong relationship between our countries, the importance of trade between the two economies, and on the many areas of common interest shared by Ireland and the UK. 
In our discussion I explained to the Shadow Chancellor that the Irish Government fully respects the unity of the EU27 during negotiations and emphasised to the Shadow Chancello...

69. Deputy Micheál Martin asked the Minister for Finance if he will report on his meeting with the Chancellor of the Exchequer, Mr. Philip Hammond, in London on 5 March 2018; the issues that were discussed; and if he will make a statement on the matter. (Question 11924/18 asked on 20 Mar 2018 - Ministerial Meetings)

Minister for Finance (Deputy Paschal Donohoe): My meeting with Chancellor Hammond on 5 March provided an opportunity to engage constructively on the strong relationship between our countries, the importance of trade between the two economies, and on the many areas of common interest shared by Ireland and the UK. 
In our discussion I reiterated to the Chancellor that the Irish Government fully respects the unity of the EU27 during negotiations and emphasised to the Chancellor the importance our G...

152. Deputy Micheál Martin asked the Minister for Finance when he and his departmental officials were informed of the sale of mortgage debts by a bank (details supplied) to unregulated vulture funds; and if he will make a statement on the matter. (Question 9810/18 asked on 27 Feb 2018 - Mortgage Debt)

Minister for Finance (Deputy Paschal Donohoe): I was first informed by Department officials of PTSB’s intention to offer this particular portfolio of loans for sale on Friday 19th January. They were first briefed on the timing of the sale, and potential composition of the portfolio, earlier that week. 
As this information is commercially sensitive, and as I must respect stock exchange disclosure rules, I was unable to discuss it openly at that point. The bank’s decision to put out a statement on...

152. Deputy Micheál Martin asked the Minister for Finance his views on the warning from the European Commission to all European Union, EU, companies regarding the significant border friction and costs after the UK leaves the EU’s valued added tax area; and his plans to prepare Irish companies for same. (Question 8183/18 asked on 20 Feb 2018 - Brexit Issues)

Minister for Finance (Deputy Paschal Donohoe): The VAT implications for Irish traders of the UK’s departure from the EU will depend on the terms of any EU – UK Agreement concerning the relationship between the EU and the UK, including during any transition period. In the event that traders importing goods from the UK are required to make a customs declaration on importation then VAT will become payable at that time together with any other import duties. However, there is a facility to defer pa...

116. Deputy Micheál Martin asked the Minister for Finance the discussions he has had recently regarding the proposed changes from other EU states on tax harmonisation. (Question 6818/18 asked on 13 Feb 2018 - Tax Code)

Minister for Finance (Deputy Paschal Donohoe): Proposals for tax harmonisation at EU level are not new. The Common Consolidated Corporate Tax Base has been discussed for a number of years and was first formally proposed in 2011. In line with the Programme for Partnership Government, Ireland is constructively engaging in the debate on the CCCTB proposal while critically analysing the extent to which the proposal impacts Ireland’s interests. 
Any tax Directive at EU level leads to convergence o...

120. Deputy Micheál Martin asked the Minister for Finance if he, his officials or advisers have had meetings with the strategic communications unit since it was set up; the issues that were discussed; and if he will make a statement on the matter. (Question 6690/18 asked on 13 Feb 2018 - Strategic Communications Unit)

Minister for Finance (Deputy Paschal Donohoe): My Department has engaged with the Strategic Communication’s Unit (SCU), Department of the Taoiseach, on an ongoing basis and one senior official is a member of the Assistant Secretary Delivery Team. This team meet on a bi-monthly basis to advance the work of the reform of Government strategic communications. 
Discussion on the following specific actions to be implemented are taking place:
1. Roll out of a single unified Government of Ireland ident...

159. D’fhiafraigh Deputy Micheál Martin den an Aire Airgeadais cad é a thuairim i dtaca le comhfhreagras a bhaineann leis an Tástáil Náisiúnta Carranna agus cás duine áirithe (sonraí tugtha). (Question 2938/18 asked on 23 Jan 2018 - Tástáil Náisiúnta Carranna)

Minister for Finance (Deputy Paschal Donohoe): Tá sé curtha in iúl ag na Coimisinéirí Ioncaim dom go bhforáiltear le halt 141(2)(e) agus (f) den Acht Airgeadais, 1992 do na Coimisinéirí Ioncaim rialachán a dhéanamh maidir le comhdhéanamh plátaí cláraithe ar fheithiclí.  Tá rialachán déanta ag na Coimisinéirí Ioncaim ina leith in Ionstraim Reachtúil Uimhir 318 de 1992, Na Rialacháin um Chlárú agus Cánachas Feithiclí, 1992, An Chéad Sceideal.  Forordaítear leis an Sceideal seo an fhormáid nach mór...

97. Deputy Micheál Martin asked the Minister for Finance if papers (details supplied) were discussed at the last EU Council meeting. (Question 47896/17 asked on 29 Nov 2017 - Paradise Papers.)

Minister for Finance (Deputy Paschal Donohoe): The Paradise Papers were discussed in the November ECOFIN meeting in the context of the EU list of non-cooperative jurisdictions for tax purposes.
There is widespread consensus in recent years that aggressive tax planning can only be prevented by all countries acting together.   
Member States of the EU agreed last year to draw up a list of countries who do not live up to international best practice on tax. Criteria were agreed by Member States ear...

62. Deputy Micheál Martin asked the Minister for Finance further to European Commission President’s, Jean-Claude Juncker, state of the union address and in particular his comments regarding the CCTB, the implications it will have for Ireland; and if he has written to the European Commission President outlining Ireland’s concerns. (Question 40406/17 asked on 24 Oct 2017 - Common Consolidated Corporate Tax Base Proposals)

Minister for Finance (Deputy Paschal Donohoe): I note the comments made by President Juncker regarding CCTB and the requirement of unanimity. There is no official proposal currently for a change on the way tax policy decisions are taken in the EU.
Under the EU Treaties, for the European Council to move a policy area such as taxation from unanimity to qualified majority voting it would require a unanimous decision to do so. The support of the European Parliament would also be required. The Iri...

137. Deputy Micheál Martin asked the Minister for Finance whether his or his officials’ attention have been drawn to the fact the Revenue Commissioners are still working on the implications of a border on trade and customs in Ireland post-Brexit. (Question 43865/17 asked on 17 Oct 2017 - Revenue Commissioners Reports)

Minister for Finance (Deputy Paschal Donohoe): I propose to take Questions Nos. 137 and 138 together.
I am informed by the Revenue Commissioners that the above mentioned report is now available on their website at www.revenue.ie
The published draft was an internal working paper and a preliminary analysis which was compiled in September 2016, following the UK vote in June 2016 to exit the EU. It is clear that such working papers are necessary to support the deliberative process.
However, it is i...

138. Deputy Micheál Martin asked the Minister for Finance if the Revenue Commissioners’ report on customs that was commenced in 2015 was a rolling report; when his Department was informed of its contents; and when this information ceased. (Question 43866/17 asked on 17 Oct 2017 - Revenue Commissioners Reports)

Minister for Finance (Deputy Paschal Donohoe): I propose to take Questions Nos. 137 and 138 together.
I am informed by the Revenue Commissioners that the above mentioned report is now available on their website at www.revenue.ie
The published draft was an internal working paper and a preliminary analysis which was compiled in September 2016, following the UK vote in June 2016 to exit the EU. It is clear that such working papers are necessary to support the deliberative process.
However, it is i...

92. Deputy Micheál Martin asked the Minister for Finance if he has written to or spoken to his counterpart in the US Administration in relation to President Trump’s plans to change the way in which US corporate tax operates; and if so, if his department officials are preparing a response to same. (Question 41865/17 asked on 04 Oct 2017 - Corporation Tax)

Minister for Finance (Deputy Paschal Donohoe): I propose to take Questions Nos. 91 and 92 together.
I note the publication by the US administration and Congressional leaders of a framework providing additional detail on their proposals for US tax reform.
While a reduction to the US corporate tax rate and a move to a territorial system are expected to be part of any legislative proposal building on this announcement, the substantive detail of any legislative proposal is not yet known. The framew...

77. Deputy Micheál Martin asked the Minister for Finance if his attention has been drawn to allegations from a person (details supplied) regarding tax loopholes in the poultry sector that allow or allowed co-op members to avail of VAT rebates even if not registered; the actions that were taken by his Department following notification of same; if the loopholes have been corrected; if they apply to other sectors; and if he will make a statement on the matter. (Question 40443/17 asked on 26 Sep 2017 - Poultry Industry)

Minister for Finance (Deputy Paschal Donohoe): I propose to take Questions Nos. 77 to 79, inclusive, together.
The Deputy will be aware that the Revenue Commissioners advised my Department that a business model had emerged in the poultry sector that could result in a systematic excess of flat rate addition payments to farmers over VAT incurred on their inputs. 
While the business structures and contractual arrangements employed in the sector were lawful they are not acceptable if they result in ...

78. Deputy Micheál Martin asked the Minister for Finance if the Revenue Commissioners were requested to investigate VAT loopholes in the poultry sector further to comments made by his predecessor at the economic and monetary affairs committee in 2016; and if he will make a statement on the matter. (Question 40444/17 asked on 26 Sep 2017 - Poultry Industry)

Minister for Finance (Deputy Paschal Donohoe): I propose to take Questions Nos. 77 to 79, inclusive, together.
The Deputy will be aware that the Revenue Commissioners advised my Department that a business model had emerged in the poultry sector that could result in a systematic excess of flat rate addition payments to farmers over VAT incurred on their inputs. 
While the business structures and contractual arrangements employed in the sector were lawful they are not acceptable if they result in ...

79. Deputy Micheál Martin asked the Minister for Finance if the European Commission was in contact with him regarding a tax loophole in the poultry sector that put co-op members at a competitive advantage; and if he will make a statement on the matter. (Question 40445/17 asked on 26 Sep 2017 - Poultry Industry)

Minister for Finance (Deputy Paschal Donohoe): I propose to take Questions Nos. 77 to 79, inclusive, together.
The Deputy will be aware that the Revenue Commissioners advised my Department that a business model had emerged in the poultry sector that could result in a systematic excess of flat rate addition payments to farmers over VAT incurred on their inputs. 
While the business structures and contractual arrangements employed in the sector were lawful they are not acceptable if they result in ...

145. Deputy Micheál Martin asked the Minister for Finance the way in which his Department is co-ordinating or overseeing Ireland’s response to possible or pending changes to the US trade and tax policy as outlined in the national risk assessment report. (Question 39101/17 asked on 20 Sep 2017 - Foreign Direct Investment)

Minister for Finance (Deputy Paschal Donohoe): The outline of the US tax reform proposal is expected to be released at the end of September. It is expected that the proposal will include a reduction in the US corporate tax rate. It remains to be seen whether any reduction in the US corporate tax rate would be permanent or temporary in nature.
Agreement between the House of Representatives, the U.S. Senate and President Trump will be needed before any changes can be introduced.
The exact implica...

185. Deputy Micheál Martin asked the Minister for Finance his views on the recent comments made by President Juncker in his state of the union address (details supplied); the implications this may have for the State; the actions he will take to prevent changes to the corporation tax rate here in view of the commitment made following the second Lisbon treaty and the agreed protocols on same; and if he will make a statement on the matter. (Question 39745/17 asked on 20 Sep 2017 - Corporation Tax)

Minister for Finance (Deputy Paschal Donohoe): I propose to take Questions Nos. 147, 185 and 192 together.
I note the comment made by President Juncker on the requirement of unanimity. There is no official proposal currently for a change on the way tax policy decisions are taken in the EU.
Under the EU Treaties, for the European Council to move a policy area such as taxation from unanimity to qualified majority voting it would require a unanimous decision to do so. The support of the European ...

186. Deputy Micheál Martin asked the Minister for Finance the policies he is implementing to ensure that the State remains competitive; the number of recommendations that are being implemented from the most recent national competitiveness council report; and if he will make a statement on the matter. (Question 39746/17 asked on 20 Sep 2017 - Economic Competitiveness)

Minister for Finance (Deputy Paschal Donohoe): Addressing Ireland’s economic competitiveness is a key economic policy priority for Government, as outlined in the Summer Economic Statement published in July. The Action Plan for Jobs 2017 sets out a range of initiatives across Government Departments to support competitiveness. The National Competitiveness Council has reported regularly to the relevant Cabinet Committee where its recommendations are considered by the appropriate line Departments....

187. Deputy Micheál Martin asked the Minister for Finance if he has met the Irish Fiscal Advisory Council recently; and if he will make a statement on the matter. (Question 39747/17 asked on 20 Sep 2017 - Irish Fiscal Advisory Council)

Minister for Finance (Deputy Paschal Donohoe): I can confirm to the Deputy that I have not met with the Irish Fiscal Advisory Council (IFAC) since assuming my role as Minister for Finance. In July of this year I met with the Chairman of the IFAC, Mr Seamus Coffey, in relation to the Review of Ireland’s Corporation Tax Code. This meeting did not relate to Mr Coffey’s work as Chair of the Fiscal Council.
 ...

146. Deputy Micheál Martin asked the Minister for Finance if he or his officials have met recently with a group (details supplied); and if he will make a statement on the matter. (Question 37806/17 asked on 11 Sep 2017 - Housing Issues)

Minister for Finance (Deputy Paschal Donohoe): I propose to take Questions Nos. 146 and 147 together.
As the Deputy is aware, the National Housing Co-operative Bill 2017 has been initiated in Seanad Éireann and the Bill has also been the subject of consideration by the Oireachtas Committee on Finance, Public Expenditure and Reform and Taoiseach.  When I appeared before the Committee on 6 July last in advance of the upcoming July ECOFIN meeting, I was happy to facilitate a request from the Commit...

147. Deputy Micheál Martin asked the Minister for Finance if he has reviewed a Bill (details supplied) published by a group as a proposed solution to the housing crisis; and if he will make a statement on the matter. (Question 37807/17 asked on 11 Sep 2017 - Housing Issues)

Minister for Finance (Deputy Paschal Donohoe): I propose to take Questions Nos. 146 and 147 together.
As the Deputy is aware, the National Housing Co-operative Bill 2017 has been initiated in Seanad Éireann and the Bill has also been the subject of consideration by the Oireachtas Committee on Finance, Public Expenditure and Reform and Taoiseach.  When I appeared before the Committee on 6 July last in advance of the upcoming July ECOFIN meeting, I was happy to facilitate a request from the Commit...

148. Deputy Micheál Martin asked the Minister for Finance if he will report on the most recent meeting of ECOFIN; and if he will make a statement on the matter. (Question 37808/17 asked on 11 Sep 2017 - European Council Meetings)

Minister for Finance (Deputy Paschal Donohoe): The last ECOFIN Council, that I attended, took place on 11 July 20217 in Brussels.  It was the first Council of the Estonian Presidency.  The main items discussed are as follows. 
Legislative deliberations 
Ministers were debriefed on the state of play on the current legislative proposals in the field of financial services. 
The Commission presented a proposal regarding mandatory automatic exchange of information in the field of taxation.  This prop...