News | Latest Breaking News Stories & Headlines

Finance Minister Paschal Donohoe is also the President of the Eurogroup

Eurogroup to focus on plans for sustainable recovery

Finance Minister and President of the Eurogroup Paschal Donohoe will chair the Eurogroup meeting in Brussels today, with the performance of the euro area economy the main focus of the meeting.

Business • 17 Jan 22

Finance Minister Paschal Donohoe is also President of the Eurogroup

German finance minister says he is open to EU reforms

Finance Minister and President of the Eurogroup Paschal Donohoe will travel to Berlin, Riga and Vilnius this week for a series of bilateral meetings.

Business • 10 Jan 22

Budget measures helping people with inflation - Donohoe

The Minister for Finance says decisions made by the Government in last year's budget will help individuals and households cope with the cost of inflation, while further decisions to reduce the price of energy bills will also assist the cost of living.

Business • 06 Jan 22

Finance Minister Paschal Donohoe said the changes will benefit everyone who pays income tax

Income tax changes to take effect from tomorrow

The income tax package announced as part of the Budget in October will take effect from tomorrow.

Business • 31 Dec 21

Finance Minister Paschal Donohoe said he is optimistic about economic recovery in 2022

Donohoe optimistic about economic recovery next year

Minister for Finance Paschal Donohoe has said that the heightened level of pandemic supports will remain in place until the end of January in line with most recent public health restrictions.

Business • 22 Dec 21

The State has reduced its stake in Bank of Ireland from 13.9% to 7.97% since June

State brings Bank of Ireland stake below 8%

The State has further reduced its stake in Bank of Ireland, bringing its shareholding in the bank below 8%.

Business • 21 Dec 21

The state currently owns over 71% of AIB Group

Donohoe announces plan to reduce stake in AIB

Minister for Finance Paschal Donohoe has said he intends to sell part of the State's 71.12% shareholding in AIB Group over the next six months.

Business • 21 Dec 21

The wage subsidy schemes have supported 51,000 employers

Profitable firms should refund subsidies - Tánaiste

The Tánaiste has told the Dáil that profitable companies "should refund the money they received under the employment wage subsidy scheme".

Business • 16 Dec 21

Donohoe in Brussels to discuss draft budget plans

Minister for Finance and President of the Eurogroup Paschal Donohoe is in Brussels today and tomorrow for Eurogroup and ECOFIN meetings.

Business • 06 Dec 21

Paschal Donohoe is head of the Eurogroup of finance ministers

Donohoe confident Omicron won't derail recovery

Finance Minister Paschal Donohoe is confident the euro zone's recovery can be sustained into next year even if the Omicron coronavirus variant requires new public health measures, he told the Reuters Next conference today.

Business • 01 Dec 21

Donohoe publishes terms of reference for banking review

The Minister for Finance has published the terms of reference for a "broad-ranging" review into the retail banking sector, which will consider services provided by both banks and non-banks, as the latter becomes more active in the provision of SME credit and mortgage lending.

Business • 23 Nov 21

Finance Minister Paschal Donohoe expects EU countries will react positively to the EU Commission's proposals when they are brought forward

Next year's Finance Bill to deal with tax changes

The Minister for Finance has said the Government will not begin the process of transposing the details of the new global corporation tax deal into Irish law until late next year.

Business • 15 Nov 21

Finance Minister Paschal Donohoe in Brussels for Eurogroup meeting

Donohoe to chair November Eurogroup meeting in Brussels

President of the Eurogroup and Minister for Finance Paschal Donohoe is in Brussels today to chair the November Eurogroup meeting.

Business • 08 Nov 21

Proceeds generated from Bank of Ireland's share trading plan since its launch in June have amounted to about €249m

BOI state stake on course to fall to as low as 3%

The government's stake in Bank of Ireland could fall to as low as 3% by the time the process of selling down the state shareholding is due to conclude next year, according to one analyst.

Business • 05 Nov 21

Janet Yellen held a bi-lateral meeting with the Minister for Finance Paschal Donohoe yesterday

Janet Yellen interview

US Treasury Secretary Janet Yellen visited Ireland yesterday in between stops at the G20 in Rome and before heading to the COP26 Climate Summit in Glasgow.

Business • 02 Nov 21

Minister Donohoe was speaking on RTÉ's News at One

Donohoe to consider BPFI submission on bank bonuses

The Minister for Finance has said he is happy to consider the Banking and Payments Federation Ireland submission calling for bank bonuses to be dropped in order to allow SEAR (senior executive accountability regime) legislation to be more effective.

Business • 21 Oct 21

Paschal Donohoe spoke about tax issues with Commissioner for Competition Margrethe Vestager today

Donohoe to brief Govt on OECD's revised tax plan

Minister for Finance Paschal Donohoe has said he will brief the Government on Thursday on the revised draft agreement from the OECD on corporate tax reform.

Business • 04 Oct 21

Finance Minister Paschal Donohoe attended a virtual meeting of G7 finance ministers yesterday

Donohoe wants certainty on corporation tax rates

Minister for Finance Paschal Donohoe has said that Ireland will enter the OECD's global tax agreement if certainty and stability on corporation tax rates can be assured and if not "we will stay where we are".

Business • 30 Sep 21

The EWSS supported businesses during the Covid crisis as it encouraged employment and helped to maintain the link between employers and staff

No changes to Employment Wage Subsidy Scheme in October

Minister for Finance Paschal Donohoe said today that there will be no change to the Employment Wage Subsidy Scheme (EWSS) for October.

Business • 28 Sep 21

The compliance programme has to date covered 7,223 employers

Revenue claws back €50m of EWSS payments

The Revenue Commissioners has to date clawed back €50m in a compliance programme concerning the Employment Wage Subsidy Scheme (EWSS).

Business • 24 Sep 21

US Treasury Secretary Janet Yellen expressed appreciation for Ireland's constructive participation in the OECD talks

Donohoe, Yellen hold 'constructive' corporate tax talks

Minister for Finance Paschal Donohoe has spoken with the US Treasury Secretary Janet Yellen about the current OECD process that aims to reform global corporation tax rules.

Business • 23 Sep 21

Big Government decision on corporation tax looms large

When Paschal Donohoe gets to his feet on October 12th to deliver the Budget, watch out if his speech contains a key line.

Business • 21 Sep 21

European Commissioner for Economy Paolo Gentiloni and Minister for Finance Paschal Donohoe in Dublin (Pic: RollingNews.ie)

EU Economy Commissioner confident on new tax deal

The EU's Economy Commissioner has said he is confident there is "a chance to find a shared way" that would see Ireland sign up to a global tax agreement that would see the corporate tax rate increase to 15%.

Business • 20 Sep 21

Finance Minister Paschal Donohoe warns the unexpected increase in corporation tax take this year could be gone by 2023

No changes to Budget framework - Donohoe

The Minister for Finance has said he is not looking at making any further changes to the framework for October's budget beyond what was set out in the Summer Economic Statement, despite better than expected tax receipts in recent months.

Business • 08 Sep 21

Finance Minister Paschal Donohoe says Budget 2022 will focus on housing issues

Housing to form 'centrepiece' of October's Budget

Minister for Finance Paschal Donohoe has said that October's budget will have housing as its centrepiece as the Government seeks to implement its new "Housing for All" plan.

Business • 01 Sep 21