Results 23,041-23,060 of 27,019 for speaker:Michael Noonan

Budget Statement 2012 (6 Dec 2011)

Michael Noonan: While the package of attractions for inward investment has been very successful, I believe with some adjustments more jobs can be created. As part of that strategy, I will introduce a special assignee relief programme. This will allow multinational and indigenous companies to attract key people to Ireland so as to create more jobs and to facilitate the development and expansion of...

Statements on Expenditure (5 Dec 2011)

Michael Noonan: That relates to the European Presidency.

Written Answers — Tax Yield: Tax Yield (1 Dec 2011)

Michael Noonan: The Universal Social Charge (USC) was introduced on 1 January 2011 and replaced the Income and Health Levies. The USC is not charged on State Pensions paid by the Department of Social Protection.

Written Answers — Tax Code: Tax Code (1 Dec 2011)

Michael Noonan: The Universal Social Charge is designed to apply on a wide base with no special exemptions. However, an exemption threshold at €4,004 per annum is included for administrative reasons. It is a long-standing practice of the Minister for Finance not to comment in advance of the Budget on any tax matters that might be the subject of Budget decisions.

Written Answers — Mortgage Arrears: Mortgage Arrears (1 Dec 2011)

Michael Noonan: There is no scheme in place to assist mortgage holders who are in negative equity but who can meet their repayments and do not wish to move house. Trade down mortgages were recommended in the recently published report of the Inter-Departmental Mortgage Arrears Working Group in appropriate circumstances. In order to ensure that proposals in relation to such mortgages are consistent with the...

Written Answers — Tax Reliefs: Tax Reliefs (1 Dec 2011)

Michael Noonan: It is long-standing practice of the Minister for Finance not to comment in advance of the Budget on any tax matters that might be the subject of Budget decisions.

Written Answers — Tax Code: Tax Code (1 Dec 2011)

Michael Noonan: Individuals in receipt of payments from the Department of Social Protection such as Widow/er's Contributory Pension, Widow/er's Non-Contributory Pension, Deserted Wife's Benefit, Deserted Wife's Allowance or the One Parent Family Payment were exempt from the Health Levy on non-Department of Social Protection income but are not exempt from the Universal Social Charge (USC) on this income. All...

Written Answers — Tax Yield: Tax Yield (1 Dec 2011)

Michael Noonan: I am advised by the Revenue Commissioners that the estimated full year yield to the Exchequer, estimated by reference to 2012 incomes, of the application of a 5% levy to the total gross income of income earners earning in excess of €120,000 per annum would be of the order of €520 million. It should be notes that gross income is as defined in Revenue Statistical Report, 2009. These...

Written Answers — Tax Yield: Tax Yield (1 Dec 2011)

Michael Noonan: It is assumed that the threshold for the proposed new tax band mentioned by the Deputy would not alter the existing standard rate band structure applying to single and widowed persons, to lone parents and married couples. I am advised by the Revenue Commissioners that the estimated full year yield to the Exchequer, estimated by reference to 2012 incomes, of the introduction of a new 55% rate...

Written Answers — Tax Yield: Tax Yield (1 Dec 2011)

Michael Noonan: I am advised by the Revenue Commissioners that the information requested, estimated by reference to the income tax year 2011, is set out in the following table: All income earners for Income Tax Year 2011 (provisional)Gross Income Range Gross Income Numbers Income Tax Liability € € € 0-50,000 36,479,003,462 1,663,341 2,255,222,703 50,001-100,000 25,835,893,121 380,204...

Written Answers — Income Statistics: Income Statistics (1 Dec 2011)

Michael Noonan: I am informed by the Revenue Commissioners that based on the incomes of income earners on the income tax record for the tax year 2009 the median gross income is €27,479. It should be noted that gross income is as defined in Revenue Statistical Report, 2009. The information on incomes is based on income returns on Revenue records at the time the data were compiled for analytical purposes,...

Written Answers — Housing Policy: Housing Policy (1 Dec 2011)

Michael Noonan: I am aware of the proposal to introduce a residential value protection scheme. The scheme as proposed would allow purchasers of new and second hand houses and apartments under €350,000 to insure against the risk of their property falling in value by up to 15 per cent over three years from the date of purchase. The risk would be shared in different proportions by government, financial...

Written Answers — Tax Code: Tax Code (1 Dec 2011)

Michael Noonan: I am informed by the Revenue Commissioners that a number of studies have been undertaken in the last few years to determine the level of cross-Border shopping and how much this affects Exchequer revenue. The Report on the Implications of Cross Border Shopping, which was undertaken on behalf of the Minister for Finance by the Revenue Commissioners and the Central Statistics Office, was...

Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Michael Noonan: I move: That Dáil Éireann approves the terms of the draft scheme entitled Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011, a copy of which draft scheme was laid before Dáil Éireann on 28 November 2011. This year has been a significant one for the Irish banking sector. The financial measures programme, FMP, announced on 31 March last by the Central Bank was a...

Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Michael Noonan: I thank all the Deputies who contributed to this debate. Unfortunately, however, there was little reference to the statutory instrument itself. Instead there were strong attempts by certain Members to visit the past and rewrite history. I thank Deputy Michael McGrath for supporting this initiative, recognising the factual situation and dealing with the issue in a straightforward manner...

Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Michael Noonan: -----and pretend that Sinn Féin had a consistent line right through this debate, that it established a truth and stuck with it.

Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Michael Noonan: Sinn Féin was justified in supporting the guarantee on the night.

Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Michael Noonan: It is very difficult to reply.

Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Michael Noonan: The Deputy is trying to rewrite the record.

Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Michael Noonan: I should get injury time.