Results 23,441-23,460 of 27,019 for speaker:Michael Noonan

Written Answers — Illicit Trade in Tobacco: Illicit Trade in Tobacco (8 Nov 2011)

Michael Noonan: I am informed by the Revenue Commissioners who have primary responsibility for detecting and preventing the smuggling of fiscal and prohibited goods, that they regard the tackling of the illicit trade in tobacco, mineral oil and alcohol products to be a high priority area. The strategy employed by Revenue to tackle illicit trading is multi-faceted. It includes ongoing analysis of the nature...

Written Answers — Banking Sector: Banking Sector (8 Nov 2011)

Michael Noonan: The restructuring of the domestic banking sector creates capacity for the pillar banks to lend in excess of €30 billion over the next three years in SME and other important sectors. This is in excess of Central Bank estimates of the likely demand for SME and mortgage credit over this period. Both pillar banks are concentrating on the Irish economy and need to issue credit to make profits...

Written Answers — Tax Code: Tax Code (8 Nov 2011)

Michael Noonan: This is a matter for the Revenue Commissioners. I am advised by Revenue that they have no unprocessed VAT refund claims for the person concerned.

Written Answers — Departmental Expenditure: Departmental Expenditure (8 Nov 2011)

Michael Noonan: NAMA advises me that in many instances working with the people who know the business will secure a better return for the taxpayer. The Chairman of NAMA said some time ago that while foreclosing on all 850 developers and getting someone else to run the businesses would be the popular option, it would not make commercial sense. It is also the case that employing an external asset manager to...

Written Answers — Budget Submissions: Budget Submissions (8 Nov 2011)

Michael Noonan: I have received a pre-Budget submission from the Society of St. Vincent de Paul. Its contents will be considered in the context of the forthcoming Budget and Finance Bill. As Deputies are aware it would not be appropriate for me to comment in advance of the Budget on possible Budget decisions.

Written Answers — Tax Reliefs: Tax Reliefs (8 Nov 2011)

Michael Noonan: I propose to take Questions Nos. 129 and 130 together. As the Deputy may be aware my Department is carrying out an impact assessment of the potential effects of amending, curtailing and/or abolishing property-based "legacy" tax reliefs including Section 23 type reliefs in line with the commitment in the Programme for Government. The impact assessment process is examining the benefits that...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (8 Nov 2011)

Michael Noonan: The Deputy will be aware that the previous Government announced the bank guarantee on 30 September 2008 as a matter of public law. The formal statutory legal basis for the guarantee was provided by the Credit Institution (Financial Support) Act 2008 (No. 18 of 2008) and the Credit Institutions (Financial Support) Scheme 2008 (S.I. No. 411 of 2008) ("CIFS"). The CIFS was formally approved by...

Written Answers — Tax Yield: Tax Yield (8 Nov 2011)

Michael Noonan: The Income Levy was collected by the Revenue Commissioners as a component of Income Tax. I am informed by the Revenue Commissioners that it is estimated that over €1.4 billion was collected from the Income Levy in the calendar year 2010. However, as is normal, it would have been expected that the total Income Levy liability for the income tax year 2010 would be higher at €1.7 billion...

Written Answers — Mortgage Arrears: Mortgage Arrears (8 Nov 2011)

Michael Noonan: The Minister for Justice and Equality and Defence has advised me that, in line with a commitment in the Programme for Government, the Personal Insolvency Bill is currently being developed in his Department. This Bill will provide a new framework for settlement and enforcement of debt and for personal insolvency. Under the EU/IMF Programme for Financial Support for Ireland there is a...

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: I move amendment No. 2: To delete all the words after "Dáil Éireann" and substitute the following: "— recognises that the Government inherited a situation in relation to the banking sector and specifically in relation to Anglo Irish Bank and Irish Nationwide Building Society which resulted directly from the decisions taken by the previous Government; — recognises that decisions taken by...

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: Ar an gcéad dul síos gabhaim buíochas le gach éinne a bhí páirteach sa díospóireacht seo go dtí seo. In proposing this counter motion I am pleased to present to the House today the Government's measured and structured approach to issues facing the financial sector as the best way to secure the position of the financial services sector. There is little to be achieved at this juncture...

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: No, no. The Deputy insists on misquoting me. It is a feature of Fianna Fáil's defence for its disgraceful period in Government that it misquotes the Opposition. Throughout the election campaign, the spring, in my remarks in the United States and right through to my remarks last week, I always said that Fine Gael in government would not act unilaterally to burn bondholders, guaranteed or...

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: I said we would only do so with the consent of the European Central Bank. That is the solid position and it has been my position consistently.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: Deputy McGrath might not like it but he should not accuse me of having a different position and when quoting me, he should do so in context. In the period from the introduction of the guarantee in September 2008 and 31 December 2010, the previous Government allowed substantial repayments of around €20 billion of senior debt for IBRC so it will stick in my craw when Deputy McGrath gets up...

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: The Deputy then accuses me of not being able to prevent the bondholders taking another €3 billion.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: The Deputy should get off the stage; he is a young man around here and he has a future if he gets off the stage and starts to be sincere on these issues. Since coming into government we have explored options with our European partners on senior debt burden sharing. As I stated after my meeting with ECB President Trichet and Commissioner Rehn last month, our European partners expressed strong...

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: I would like to share with my colleagues and I think I have said enough.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: I am sure students of politics, like Deputy Adams, will read the record and the rest of the speech goes on the record.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: It is like "The Late Late Show".

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: If the Leas-Cheann Comhairle gives Deputy Mathews a few more minutes, he might produce a bazooka.