Results 25,781-25,800 of 27,019 for speaker:Michael Noonan
- Finance Bill 2011: Report and Final Stages (27 Jan 2011)
Michael Noonan: I support this amendment in general terms. It is a good idea and should be normal practice when a Minister proposes changes in the tax code and particularly ones that involve tax increases. This arises from our previous debate on tax breaks, specifically on section 23 and capital allowances. While some people are against these in principle, I am not. By and large, people respond to the...
- Finance Bill 2011: Report and Final Stages (27 Jan 2011)
Michael Noonan: There was the penance as well. The Deputy forgot that.
- Finance Bill 2011: Report and Final Stages (27 Jan 2011)
Michael Noonan: Other speakers referred to the extent that the bonus system caused great difficulties in banking. Certain officers, particularly at senior level in banks, were incentivised to be reckless. That was the bottom line of the bonus culture. Bonuses related to activity or profit generated by senior bankers contained the seeds of the downfall of the banks. It is a culture that spread from the...
- Finance Bill 2011: Report and Final Stages (27 Jan 2011)
Michael Noonan: Wait until Gerry comes.
- Finance Bill 2011: Motion. (27 Jan 2011)
Michael Noonan: If it is not irrelevant I would like to return to the order for the Finance Bill as that is what we are here for. Supposing we proceed more rapidly and Report Stage concludes before 5 p.m., at what time is Fifth Stage scheduled and when will the vote for the passing of the Bill take place?
- Finance Bill 2011: Motion. (27 Jan 2011)
Michael Noonan: I asked the question because I wonder if it is a satisfactory position for the Whip.
- Finance Bill 2011: Motion. (27 Jan 2011)
Michael Noonan: I know it is always the sequence. Committee Stage went down last night earlier than expected. There was no vote at that point. After Report Stage we will move to Fifth Stage and out of delicacy and interest - the Whips have a difficult job - I wonder if the vote is brought forward from 5 p.m. will the troops be lined up? What would happen if we go down at 2.30 p.m., for example?
- Finance Bill 2011: Motion. (27 Jan 2011)
Michael Noonan: They will be here all right.
- Finance Bill 2011: Committee Stage (26 Jan 2011)
Michael Noonan: -----about this at a committee meeting. I am not fully convinced that the withholding tax on transfers from Hong Kong is appropriate and may continue to be a disincentive for investment in the Irish Financial Services Centre. Has the Minister of State or his officials had any second thoughts on the matter?
- Finance Bill 2011: Committee Stage (26 Jan 2011)
Michael Noonan: The Minister of State said he was doing it because he thought there might be a vehicle for evasion; one could say that about anything.
- Finance Bill 2011: Committee Stage (26 Jan 2011)
Michael Noonan: The Minister of State should not be giving up too soon.
- Business of Dáil (26 Jan 2011)
Michael Noonan: Before the Minister of State moves the adjournment, may I ask what is the schedule for Report Stage tomorrow and whether a voting schedule has been drawn up. We seem to have moved very rapidly this evening and there are not many matters of substance that need much time on Report Stage. I do not want to agree any schedule that ties us into a lengthy sitting that may not be necessary.
- Business of Dáil (26 Jan 2011)
Michael Noonan: I agree to that suggestion.
- Finance Bill 2011: Committee Stage (26 Jan 2011)
Michael Noonan: Will the Minister of State read his briefing note on this section?
- Finance Bill 2011: Committee Stage (26 Jan 2011)
Michael Noonan: This area of taxation is complex. I understand the Minister of State to mean that, up to now, a farmer who sold his farm to the NRA, for example, and used all the proceeds to buy more agricultural land was exempt from capital acquisitions tax. Will the Minister of State outline the implications for a farmer who gives a site to a son or daughter? What is the position if a farmer's daughter...
- Finance Bill 2011: Committee Stage (26 Jan 2011)
Michael Noonan: The Minister of State has answered my question. There is no policy change and the measure is closing a minor loophole.
- Finance Bill 2011: Committee Stage (26 Jan 2011)
Michael Noonan: I move amendment No. 93: In page 205, subsection (1)(a), lines 35 and 36, to delete " "30 September" for "31 October" " and substitute " "30 June" for "31 August" ". This arose from the decision by the Minister in the draft finance Bill to bring forward the date of filing of tax returns on the part of certain taxpayers from 31 October to 30 September. I understand the Minister has agreed...
- Finance Bill 2011: Committee Stage (26 Jan 2011)
Michael Noonan: In that case, will the Minister of State read his note?
- Finance Bill 2011: Committee Stage (26 Jan 2011)
Michael Noonan: I move amendment No. 95a: In page 206, before section 67, but in Part 6, to insert the following new section: "67.--In respect of Section 14 (Annual Returns) of the Industrial and Provident Societies Acts 1893 (the 1893 Act): (a) to delete "March" and substitute "August", and (b) to delete "one month" and substitute "four months".".
- Finance Bill 2011: Committee Stage (26 Jan 2011)
Michael Noonan: Has the appropriate Department any planned legislation that could serve as a vehicle for this amendment in the near future?