Results 21,321-21,340 of 26,152 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Kieran O'Donnell: What is the rank of the taxpayer if an institution gets into trouble?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Kieran O'Donnell: That is 8% of senior debt.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Kieran O'Donnell: That is 13%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Kieran O'Donnell: If an institution got into financial trouble and the member state in question had major financial issues, perhaps concerning its ratio of debt to GDP or level of debt, would that state be more likely to have access to the ESM than a country with a similar type of institution that is financially sound and has lower levels of borrowing?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Kieran O'Donnell: Hypothetically speaking.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Kieran O'Donnell: But that is the backstop for this.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Kieran O'Donnell: Do deposits still rank pari passu with senior debt?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Kieran O'Donnell: Does Mr. Carrigan expect that this will go through ECOFIN or, rather, the SRM next Friday?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Kieran O'Donnell: In layman’s terms, beginning with the SRM, one goes down through the rankings in terms of shareholders and then works down through the normal procedures. Then one gets to a point at which the ESM is effectively a backstop fund for a resolution mechanism. Is that a fair comment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Kieran O'Donnell: That is up for discussion.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Kieran O'Donnell: I thank Mr. Carrigan and his officials for the briefing. It will very much add to our understanding of the issue.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Kieran O'Donnell: I might as well ask one or two quick questions. On the firewall fund, I did a quick calculation. If one can gear that up by three times its value, one is probably talking about €180 billion. It was stated there would be another firewall. What does the Department anticipate will be the total firewall on this fund?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Kieran O'Donnell: The final point, I suppose, goes to the heart of the matter. The biggest issue in Ireland was the cost to the taxpayer, the ordinary person. The banks themselves did not have the capital to soak up the losses. The SRM proposal, which talks of eliminating taxpayers' exposure, appears to indicate that the state-aid procedures will run in parallel. The bottom-line question is, under the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Kieran O'Donnell: I call Deputy Fleming.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Local Property Tax: Discussion with Revenue (7 Nov 2013)
Kieran O'Donnell: The problem is that the legislation states 1 January. People are entitled to a choice. The Revenue Commissioners have made that known in respect of the service providers. It is up to people to decide what they want to do and providing that clarity today has been very important.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Local Property Tax: Discussion with Revenue (7 Nov 2013)
Kieran O'Donnell: This is about information. Will Ms Feehily put the position on the record again for the public? What is the position with regard to people who want to use a debit card, credit card or cheque to make the payment on 1 January? Can she clarify that if a person is submitting manually by 14 January he can write that on the form, and that is fine as long as he makes the payment before 1 January?...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Local Property Tax: Discussion with Revenue (7 Nov 2013)
Kieran O'Donnell: Will Ms Feehily reiterate precisely the position with regard to manual payment, older people and people who operate online in the current year? I realise the Revenue Commissioners will review it next year. In the current year these people have been afforded the opportunity of not having to pay until 1 January. What routes can they use to do that manually and online?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Local Property Tax: Discussion with Revenue (7 Nov 2013)
Kieran O'Donnell: Apologies, Chairman.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Local Property Tax: Discussion with Revenue (7 Nov 2013)
Kieran O'Donnell: The letter did not mention 1 January.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Local Property Tax: Discussion with Revenue (7 Nov 2013)
Kieran O'Donnell: I ask the Chairman to let me know when I have a minute remaining. Confusion has arisen from the letter that issued. Section 119 of the legislation states the tax is due on or before 1 January. However, the letters that issued to ordinary taxpayers make no mention of 1 January - it is the only date missing from the letter. I would have thought that was a glaring oversight. If people are...