Results 22,901-22,920 of 27,019 for speaker:Michael Noonan
- Written Answers — Banking Sector Regulation: Banking Sector Regulation (15 Dec 2011)
Michael Noonan: I propose to take Questions Nos. 82 and 84 together. The Central Bank Acts â and in particular the Central Bank Act 1971 â set out the principal legal definitions related to banking in Ireland, including provisions relating to 'banking business' and persons deemed to hold themselves out as bankers. The Central Bank is the statutory body with responsibility for licensing banks and...
- Written Answers — Banking Sector Regulation: Banking Sector Regulation (15 Dec 2011)
Michael Noonan: The amount of Euro banknotes on the balance sheet of the Central Bank of Ireland represents Ireland's share of total Euro banknotes in circulation. Ireland is currently allocated 1.46 per cent of the total euro banknotes in circulation based on its fully paid up share of the capital of the European Central Bank (ECB). These banknotes are backed by assets which relate to Eurosystem monetary...
- Written Answers — Banking Sector Regulation: Banking Sector Regulation (15 Dec 2011)
Michael Noonan: As Minister for Finance, I have no function in relation to Euro area monetary policy operations. The Governor of the Central Bank carries out his European Central Bank-related functions under the Treaty of Rome and the Statute of the European System of Central Banks (ESCB) and his independence in doing so is guaranteed. Section 19A (2) of the Central Bank Act 1942 provides that the Governor...
- Written Answers — Financial Services Regulation: Financial Services Regulation (15 Dec 2011)
Michael Noonan: In October the European Commission published its proposal for a Financial Transactions Tax, or FTT, and its assessment of the impact of the measure. We are analysing the proposals in the draft Directive. The proposal will now be subject to detailed discussions at Council Working Party level and, as always, we will participate constructively in those discussions. There is no consensus as...
- Written Answers — Financial Services Regulation: Financial Services Regulation (15 Dec 2011)
Michael Noonan: I am informed by the Revenue Commissioners that the estimated corporation tax paid in 2010 by the Irish Financial Services Centre is of the order of â¬630 million. With the change in the corporation tax rate from 10% to the standard rate now applying to IFSC activities it is generally speaking no longer possible to distinguish between corporation tax paid solely on IFSC activities and on...
- Written Answers — Tax Collection: Tax Collection (15 Dec 2011)
Michael Noonan: I am informed by the Revenue Commissioners that for the tax year 2009, the latest year for which the necessary detailed data is available, the top 100 incomes earners declared â¬585 million in income and paid â¬169 million in income tax. The Deputy will be aware that from the tax year 2010 onwards, the high earner's restriction for individuals on high incomes, who make significant use of...
- Written Answers — Disabled Drivers: Disabled Drivers (15 Dec 2011)
Michael Noonan: The initial application for a Primary Medical Certificate under the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1994, is made to the Senior Medical Officer of the relevant local Health Service Executive administrative area. If the Primary Medical Certificate is refused, the person may appeal the refusal to the Disabled Drivers Medical Board of Appeal, National...
- Written Answers — Budget Submissions: Budget Submissions (15 Dec 2011)
Michael Noonan: As the Deputy is aware it has been a standard practice of my Department to carry out an examination of the Budget Income Tax Measures using the Guidelines for Poverty Impact Assessment, prepared by the Social Inclusion Division in the Department of Social Protection under the National Action Plan for Social Inclusion 2007-2016 and before that, the National Anti-Poverty Strategy 1997-2007....
- Industrial Relations (15 Dec 2011)
Michael Noonan: I have the utmost sympathy for EBS staff regarding the timing of the announcement of the decision that this so-called 13th month payment would not be made. This does not reflect well on management and should not have happened. However, this payment is described in the contracts of the relevant staff members as the payment of a Christmas bonus. The terms of the latest capital investment in...
- Industrial Relations (15 Dec 2011)
Michael Noonan: It is a matter for management at EBS and it was told last July the rules pertaining to bonuses. The Department of Finance and I had to respond to very strong advocacy from Deputy Higgins and others who said no bonuses should be paid in the banks as long as taxpayers' money was bailing them out.
- Industrial Relations (15 Dec 2011)
Michael Noonan: Deputy Higgins has lectured me and the Taoiseach on several occasions on Question Time about no bonuses to the banks because they have been bailed out by the taxpayer.
- Industrial Relations (15 Dec 2011)
Michael Noonan: Now, Deputy Higgins has a different view. Consistency was never his strong point. I would like this matter to be resolved.
- Industrial Relations (15 Dec 2011)
Michael Noonan: Deputy Boyd Barrett's position is dishonest.
- Industrial Relations (15 Dec 2011)
Michael Noonan: If his position is that no bonuses should be paid to staff in banks because it uses taxpayers' money-----
- Industrial Relations (15 Dec 2011)
Michael Noonan: -----the Deputy cannot come back and demand the payment of bonuses. If Deputy Boyd Barrett admitted to his own inconsistency, we would do our best to resolve the issue.
- Industrial Relations (15 Dec 2011)
Michael Noonan: There are no games being played.
- Industrial Relations (15 Dec 2011)
Michael Noonan: The Deputies opposite are the people who rant and rave about bonuses.
- Industrial Relations (15 Dec 2011)
Michael Noonan: They have done so on several occasions.
- Industrial Relations (15 Dec 2011)
Michael Noonan: I am glad Deputy Higgins is more moderate in his approach today. However, he has put great pressure on the banking system and the Government not to pay bonuses. Now we are not paying bonuses and he wants to reverse it. Will he tell me what he wants?
- Industrial Relations (15 Dec 2011)
Michael Noonan: Do the Deputies opposite want us to pay bonuses to the people they select?