Results 20,081-20,100 of 27,019 for speaker:Michael Noonan

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: First, we have no intention of raising €1 billion by way of a property tax.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: Second, the implication of the Deputy's question is that he has some alternative tax proposals to raise the amount of money we intend to raise by way of property tax.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: For the purposes of helping the debate, I ask the Deputy to state now what his alternatives are.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: This is all very interesting, but it was the Fianna Fáil-led Government in 2010 that committed to a property tax as outlined in the memorandum of understanding.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: The Deputy knows very well that the only way to move that out of the memorandum of understanding is if tax increases of equal value are substituted.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: That is the thrust of the Deputy's question.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: It is reasonable for me to request more information. What are his alternatives?

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: Otherwise I am simply buying a pig in a poke. If he is serious about this, he should make his alternative suggestions for me to consider. If they appear better than a property tax, we can look at them. At present the Government has decided to introduce a property tax, the details of which will be announced in the budget. It will not raise €1 billion. The Revenue will be responsible...

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: The Government has made decisions as I outlined. In the latest adjustment to the memorandum of understanding with the troika, we have stated that a property tax will be announced in December's budget. That is the firm Government commitment and we are not moving from that. If the Deputy believes he has a convincing way of influencing me to move from that by putting up "gentle" tax increases-----

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: -----to substitute for property tax increases, I would like to hear them.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: I believe he is simply involved in an exercise of bluff.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: The Deputy's party in government brought in the commitment to introduce a property tax and he is now pretending he has some other way that people would not notice or feel to raise €1 billion.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: If he has, he should let us know. We would love to hear it.

Ceisteanna - Questions - Priority Questions: Bank Debt Restructuring (4 Oct 2012)

Michael Noonan: The statement by three Finance Ministers from Germany, Netherlands and Finland on 25 September addresses issues already decided upon by eurozone leaders when they met in Brussels on 29 June. The Heads of State or Government made two important decisions at that time. The first was to "affirm that it is imperative to break the vicious circle between banks and sovereigns". The second was:...

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: The Government has decided, as part of its obligation under the EU-IMF programme of financial support to Ireland, to introduce an annual recurring property tax. In the latest memorandum of understanding between the Government and the troika, a commitment is given to introducing the tax in the forthcoming budget. The introduction of a property tax has been a condition of the programme since...

Written Answers — Department of Finance: Economic Growth Initiatives (4 Oct 2012)

Michael Noonan: Last year, the Government established a Fiscal Advisory Council which is to, inter alia, assess and report periodically on the official macroeconomic and budgetary forecasts. The Council issued its third Fiscal Assessment report in September 2012. A large part of the report was devoted to assessing the appropriateness of the economic and budgetary forecasts of the Department of Finance. As...

Written Answers — Department of Finance: Common Consolidated Corporate Tax Base Proposals (4 Oct 2012)

Michael Noonan: On 16th March 2011 the European Commission, which has the right of initiative to bring forward legislative proposals, published its proposal for a Common Consolidated Corporate Tax Base. This represented the beginning of a process that involves a detailed examination of the proposal, line by line, by all Member States at the Council Working Group. Since the Commission's proposal has been...

Written Answers — Department of Finance: Credit Availability (4 Oct 2012)

Michael Noonan: I do not agree with the Deputy’s assertion that there has been a failure to encourage the pillar banks to lend in adequate amount to meet demand in the economy. The Government has imposed SME lending targets on the two domestic pillar banks for the three calendar years, 2011 to 2013. Both banks were required to sanction lending of at least €3 billion in 2011, €3.5 billion...

Written Answers — Department of Finance: Tax Compliance (4 Oct 2012)

Michael Noonan: I am advised by the Revenue Commissioners that they are currently reviewing the Annual Report of the Comptroller and Auditor-General for 2011, published on Thursday, September 27th, which contains a comprehensive section on Revenue. Revenue has a strong focus on making sure that everyone complies with their tax and duty responsibilities by filing the required tax return and paying the right...

Written Answers — Department of Finance: European Banking Sector (4 Oct 2012)

Michael Noonan: The European Council meeting of 29 June considered a report from the President of the European Council in cooperation with the Presidents of the Commission, Eurogroup and ECB which set out building blocks for future Economic and Monetary Union. One of these building blocks is an integrated financial framework or banking union which comprises three elements (a) an integrated system for the...