Results 23,481-23,500 of 27,019 for speaker:Michael Noonan

Written Answers — Tax Yield: Tax Yield (2 Nov 2011)

Michael Noonan: I am informed by the Revenue Commissioners that the data available on the amounts of Excise for the years 2008, 2009, 2010 and the period January 2011 to the end of September 2011, in respect of petrol and auto-diesel is set out in the table. Please note the receipts shown for the first nine months of 2011 are provisional. 2008 2009 2010 2011 Jan to Sep Provisional € m € m € m €...

Written Answers — Departmental Expenditure: Departmental Expenditure (2 Nov 2011)

Michael Noonan: The 2011 Estimate for my Vote amounts to €25.857m of which €17.367m had been expended at the date the October Issues figures were completed, leaving €8.490m available for the remainder of the year.

Written Answers — Tax Code: Tax Code (2 Nov 2011)

Michael Noonan: The practice when reviewing the level of tobacco taxation has been to determine the amount of any increase by reference to cigarettes, and to apply pro rata increases to other products such as fine-cut tobacco for the rolling of cigarettes and other smoking tobacco. In the case of the last increase in the tax rates, which was with effect from 8 April 2009, an increase of 25 cent (inclusive of...

Written Answers — Tax Code: Tax Code (2 Nov 2011)

Michael Noonan: It is assumed that the threshold for the proposed new tax bands 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 the proposed...

Written Answers — Tax Code: Tax Code (2 Nov 2011)

Michael Noonan: It is assumed that the Deputy is referring to amending the tax regime for income earners to which the restriction of tax reliefs applies, i.e. those individuals that have an adjusted income of €125,000 or greater and claim specified reliefs of €80,000 or more. Those subject to the full restriction, at adjusted incomes of €400,000 or greater, pay an effective income tax rate of 30% in...

Written Answers — National Asset Management Agency: National Asset Management Agency (2 Nov 2011)

Michael Noonan: All National Asset Management Agency (NAMA) staff are employees of the National Treasury Management Agency (NTMA). Under section 42 of the National Asset Management Agency Act 2009, the NTMA assigns staff to NAMA. I am informed by the NTMA that 182 staff are currently assigned to NAMA. 171 of these staff are employed on the basis of specified purpose contracts – their employment lasts for...

Written Answers — Tax Yield: Tax Yield (2 Nov 2011)

Michael Noonan: The Deputy is referring to the Domicile Levy, announced in Budget 2010 and introduced in Finance Bill 2010. The Domicile Levy can be paid at any time up to 31 October in the year following the valuation date, which is 31 December of each year. The first valuation date for the levy was 31 December 2010 and the tax return and payment of the levy for 2010 was not due until 31 October 2011....

Written Answers — Banking Sector Regulation: Banking Sector Regulation (2 Nov 2011)

Michael Noonan: The Central Bank's supervisory powers and its administrative sanctions regime, together with the potential for criminal prosecution by the Director of Public Prosecutions in more serious cases, provide significant powers to regulate any breaches. Furthermore the Central Bank (Supervision and Enforcement) Bill 2011, currently before the Houses of the Oireachtas, provides for the strengthening...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (2 Nov 2011)

Michael Noonan: The Deputy will be aware, from public statements made on the issue, that proposals have been made by the bank regarding proposed remuneration arrangements for the position of Chief Executive Officer. The matter is under consideration and no final decision has been made. It is Government policy that the base salary ceiling of €500,000 that applies to the position should be honoured. The...

Written Answers — Tax Yield: Tax Yield (2 Nov 2011)

Michael Noonan: I am informed by the Revenue Commissioners that receipts from the temporary 0.6% stamp duty levy on pension fund assets introduced in the Finance (No. 2) Act, 2011 amounted to €463 million by the end of October. This compares to a projected annual yield from the levy of €470 million. I am also advised by the Commissioners that they are aware of a small number of pension schemes in...

Written Answers — Interest Rates: Interest Rates (2 Nov 2011)

Michael Noonan: The interest rate margin reduction for the European Financial Stability Fund (EFSF) was incorporated into a new legal agreement on 27th October. The interest rate margin is now defined as zero. It was agreed that countries borrowing from the EFSF would pay a guarantee commitment fee of 0.10% per annum on top of the cost of funds and the cost of operations of the EFSF. This will apply to all...

Written Answers — Financial Data: Financial Data (2 Nov 2011)

Michael Noonan: The outstanding information to be supplied to the Deputy further to Parliamentary Question No.65 of 5 October 2011 was issued on 28 October 2011. In relation to the provision of financial information on the arrangements in place with contractors the bank has informed me that i) it is legally obliged to comply with its obligations under the Data Protection Acts in relation to the names of...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (2 Nov 2011)

Michael Noonan: I have indicated to the Deputy, in response to his previous questions on the subject, that work is on-going on the remuneration review. I have also stated that, when completed, I intend to place the details underpinning the review into the public domain. As part of that commitment, I released last month, as the Deputy will be aware, comprehensive details of the bonuses paid at Anglo Irish...

Developments in the Eurozone: Statements (Resumed) (2 Nov 2011)

Michael Noonan: The previous Government should have placed Anglo Irish Bank in administration. It was a mistake not to do so.

Developments in the Eurozone: Statements (Resumed) (2 Nov 2011)

Michael Noonan: Throw him out.

Developments in the Eurozone: Statements (Resumed) (2 Nov 2011)

Michael Noonan: Abair as Gaeilge é, "bréag".

Developments in the Eurozone: Statements (Resumed) (2 Nov 2011)

Michael Noonan: The Deputy did not make a single constructive point.

Developments in the Eurozone: Statements (Resumed) (2 Nov 2011)

Michael Noonan: It is all wind. We will have to go to Sinn Féin night school to learn about democracy.

General Government Debt (2 Nov 2011)

Michael Noonan: I thank Deputy McGrath for raising this serious and important issue. I will give the Deputy the information I have to hand, but if it needs to be supplemented later, I will provide additional information. My Department has informed me that the general Government debt figure reported to EUROSTAT at the end of September last for the period up to the end of 2010 overstated the actual debt...

General Government Debt (2 Nov 2011)

Michael Noonan: The Deputy may well be right in what he says, but the documentary evidence available is that the NTMA e-mailed a particular person in the Department of Finance questioning the manner in which this was treated. That was in August 2010. There is no indication and I do not believe for minute that my predecessor, Brian Lenihan, was informed of this. Therefore, I am not trying to spread the...