Results 461-480 of 11,861 for speaker:Brian Hayes

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: I will get the quote.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: No.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: It is a new rate.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: Not in all cases.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: No.

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: Section 72 applies a levy to certain financial institutions, set at 35% of the DIRT paid in 2011. The levy will operate for a period of three years and will be payable on 20 October in each of the years 2014, 2015 and 2016. The levy is projected to raise a sum of €150 million per year. Part 5 deals with miscellaneous provisions. Section 77 provides for an exemption from tax for ex...

Seanad: Finance (No. 2) Bill 2013: Second Stage (11 Dec 2013)

Brian Hayes: I am pleased to be back in the Seanad. Before I comment on the Finance (No. 2) Bill 2013, it might be appropriate to examine the economic context in which it is proposed to be enacted. Considering the economic backdrop against which the budget was set, and although we experienced a difficult first quarter, the Irish economy returned to growth in the second quarter. The most recent figures...

Topical Issue Debate: IBRC Liquidation (11 Dec 2013)

Brian Hayes: I thank the Deputies for raising this very important issue for the people concerned. As the House will be aware, the special liquidators were appointed on 7 February to manage the liquidation of the IBRC for the benefit of all the creditors of the IBRC. Their role is to ensure the liquidation is carried out in an orderly manner within a given timeframe. Independent valuers were engaged to...

Topical Issue Debate: IBRC Liquidation (11 Dec 2013)

Brian Hayes: It would have to have regard to it.

Topical Issue Debate: IBRC Liquidation (11 Dec 2013)

Brian Hayes: It has been very useful to have this debate and I thank both Deputies for raising the issue. I can understand the reasons for concern. Deputy Catherine Murphy should not assume anything as to who will ultimately purchase this loan book. The State's objective through the special liquidation process is to obtain the best price we can on behalf of the taxpayer, which we all support. As we...

Written Answers — Department of Public Expenditure and Reform: Flood Relief Schemes Funding (10 Dec 2013)

Brian Hayes: I propose to take Questions Nos. 214 and 215 together. The appointment of members of Drainage Committees is the statutory responsibility of individual County Councils under the direction of the Minister for the Environment, Community and Local Government. I have no function in the matter. The €270,000 funding which the Deputy refers to in his question in relation to the flood relief...

Finance (No. 2) Bill 2013: Report Stage (Resumed) (4 Dec 2013)

Brian Hayes: My good friend Deputy Broughan is entitled to an answer to his question about cost-benefit analysis, and I have no difficulty giving it. We normally do a cost-benefit analysis when we give taxes out rather than take taxes in. Normally, the analysis is published on the day the Minister gives the statement. It is often an appendix to his speech. Deputy Broughan's point is that there could...

Finance (No. 2) Bill 2013: Report Stage (Resumed) (4 Dec 2013)

Brian Hayes: Amendment No. 15, tabled by Deputy Broughan, opposes the section. Amendment No. 16, as tabled by Deputy Naughten, opposes the section with the exception of the amendments to this section which we introduced on Committee Stage. Amendments Nos. 17 and 18, tabled by Deputy Boyd Barrett, seek to increase the ceilings for qualification for tax relief in respect of private medical insurance...

Finance (No. 2) Bill 2013: Report Stage (Resumed) (4 Dec 2013)

Brian Hayes: I apologise for that, a Ceann Comhairle.

Finance (No. 2) Bill 2013: Report Stage (Resumed) (4 Dec 2013)

Brian Hayes: Through this Bill, the Government is attempting to restructure this credit to focus it exactly on the primary carer and, exclusively, on the child to ensure that the support in the tax code goes directly to the child. I think there is an unanimous view on all sides that this anomaly has gone on for far too long. The point has been made consistently by colleagues that married or cohabiting...

Finance (No. 2) Bill 2013: Report Stage (Resumed) (4 Dec 2013)

Brian Hayes: If another way can be found - perhaps we have time between now and next year's finance Bill to establish whether that can be teased out by the committee - the Government would consider it. On the question of the loss of income to parents as a result of this measure, I understand 5,500 is, broadly speaking, the number of individuals that has been determined by Revenue. If one takes a person...

Finance (No. 2) Bill 2013: Report Stage (Resumed) (4 Dec 2013)

Brian Hayes: I did not interrupt the Deputy. The credit is intended for use by the primary carer. That has not changed. While the Deputy may take a different view, the proposal does not breach the clear commitment given in the programme for Government. The credit remains, but it is being restructured and specifically designated for the child, as should have been the case since its introduction. That...

Finance (No. 2) Bill 2013: Report Stage (Resumed) (4 Dec 2013)

Brian Hayes: For all of the reasons given, I cannot accept any of the amendments tabled by the Deputies. I will now deal with some of the other issues raised by colleagues. Deputy Pearse Doherty referred to the Commission on Taxation. My understanding is that when the commission examined this issue, it invited significant comment from interested parties or groups. It also consulted widely among a...

Finance (No. 2) Bill 2013: Report Stage (Resumed) (4 Dec 2013)

Brian Hayes: The single person child carer tax credit will replace the one-parent family credit from 1 January 2014. It will operate differently from the one-parent family credit by being available in the first instance to the primary carer, namely, the individual who cares for the child for the greater part of the year. The one-parent family credit was available on the basis of the child residing with...

Finance (No. 2) Bill 2013: Report Stage (Resumed) (4 Dec 2013)

Brian Hayes: No, I am just being factual.