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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion (15 Jul 2014)

Stephen Donnelly: Is the objective to lower total tax paid or to rebalance how those taxes are paid, from whom they are taken and for what kind of activities they are used?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Pre-Budget Submissions: Discussion (15 Jul 2014)

Stephen Donnelly: I have been struggling with an issue that is not in any of the submissions. We are overly reliant on foreign direct investment in this country and we need to develop a vibrant domestically owned SME sector, and bigger than SME sector. When I speak to investors and private equity fund managers about all of this cool high technology entrepreneurial investment that we keep hearing that we...

Written Answers — Department of An Taoiseach: Unemployment Data (15 Jul 2014)

Stephen Donnelly: 107. To ask the Taoiseach the number of young persons aged 16-24 years who are currently not in education, employment or training; the way the number has changed since March 2011; and if he will make a statement on the matter. [31060/14]

Written Answers — Department of An Taoiseach: Taoiseach's Meetings and Engagements (15 Jul 2014)

Stephen Donnelly: 131. To ask the Taoiseach further to his meeting with Chancellor Angela Merkel in Berlin on 3 July 2014, where he discussed Ireland's banking-related debt, and on the two-year anniversary of the EU summit that he attended and concluded with a summit communiqué that included the statement the Eurogroup would examine the situation of the Irish financial sector with the view of further...

Written Answers — Department of Finance: Illicit Trade in Tobacco (15 Jul 2014)

Stephen Donnelly: 159. To ask the Minister for Finance the research and analysis that has been undertaken on potential increases in black market activity as a result of the Public Health (Standardised Packaging of Tobacco) Bill 2014; if any resources have been put in place to combat same; and if he will make a statement on the matter. [31095/14]

Written Answers — Department of Finance: NAMA Bonds (15 Jul 2014)

Stephen Donnelly: 179. To ask the Minister for Finance if he will confirm that the European Central Bank is seeking to pressurise the National Asset Management Agency into the early redemption of NAMA’s senior bonds, bonds which, according to the NAMA scheme approved by the European Commission in 2010, NAMA is not required to redeem until 2020; and if he will make a statement on the matter. [31061/14]

Written Answers — Department of Finance: NAMA Bonds (15 Jul 2014)

Stephen Donnelly: 180. To ask the Minister for Finance his views that the early redemption of the National Asset Management Agency’s senior bonds ahead of the 2020 deadline, agreed with the European Commission and European Central Bank in 2010, is beneficial for the State; and if the elimination of a contingent liability outweighs the benefit of access to substantial amounts of cheap funding; and if he...

Written Answers — Department of Finance: General Government Debt (15 Jul 2014)

Stephen Donnelly: 181. To ask the Minister for Finance the expected average annual interest rate to apply to general Government debt in 2014. [31063/14]

Written Answers — Department of Finance: NAMA Bonds (15 Jul 2014)

Stephen Donnelly: 182. To ask the Minister for Finance the expected average annual interest rate to apply to the €17 billion of extant senior bonds at the National Asset Management Agency in 2014. [31064/14]

Written Answers — Department of Finance: GDP-GNP Levels (15 Jul 2014)

Stephen Donnelly: 183. To ask the Minister for Finance following the revision to the basis on which the national accounts are prepared, and the release of GDP and GNP figures by the Central Statistics Office for the first three months of 2014, if he will confirm the current best estimate budgetary adjustment required, in percentage and real terms, in 2015 to meet the agreed target as a result of GDP...

Written Answers — Department of Finance: Budget 2015 (15 Jul 2014)

Stephen Donnelly: 184. To ask the Minister for Finance in view of recent Exchequer statements which show a better than predicted deficit for the first six months of 2014, if he has considered seeking agreement from our partners in Europe to defer the announcement of budget 2015 by two months so that he has the benefit of considering actual self-employed and corporate tax returns in November 2014; and if he...

Written Answers — Department of Finance: NAMA Debtors (15 Jul 2014)

Stephen Donnelly: 185. To ask the Minister for Finance if he will provide in tabular form the number of borrowers of the National Asset Management Agency that have been declared bankrupt since NAMA’s inception; the number that were declared bankrupt in the Republic of Ireland, Northern Ireland, Britain and the rest of world; and the number of these borrowers that have been discharged from bankruptcy in...

Written Answers — Department of Finance: Currency Exchange (15 Jul 2014)

Stephen Donnelly: 186. To ask the Minister for Finance further to Parliamentary Question No. 64 of 2 July 2014, where he stated the Central Bank of Ireland has a wider role in relation to the approval of certain charges by credit institutions and bureaux de change under section 149 of the Consumer Credit Act 1995 as amended including the margins charged for foreign exchange services on top of the benchmark...

Written Answers — Department of Finance: Currency Exchange (15 Jul 2014)

Stephen Donnelly: 187. To ask the Minister for Finance further to Parliamentary Question No. 64 of 2 July 2014, his plans to investigate whether Irish consumers and businesses are being overcharged for foreign exchange services, in view of the two major investigations ongoing in the United States; and if such investigations lie outside his remit; his views that the remit should be changed. [31069/14]

Written Answers — Department of Finance: NAMA Investment Funds (15 Jul 2014)

Stephen Donnelly: 188. To ask the Minister for Finance the number of qualifying investor funds in which the National Asset Management Agency has co-invested; the name of the qualifying investor funds; the investment partners; the date on which they were approved by the Central Bank of Ireland; the objects of each of the QIFs, and the value of the expected contribution by NAMA to each QIF. [31070/14]

Written Answers — Department of Finance: NAMA Investment Funds (15 Jul 2014)

Stephen Donnelly: 189. To ask the Minister for Finance the strategy of the National Asset Management Agency in relation to its qualifying investment funds; if NAMA has plans to market the QIFs to investors; if NAMA is presently open to selling investment stakes in the QIFs; if NAMA has plans to convert the QIFs into real estate investment trusts; if NAMA intends creating more QIFs; and if he will make a...

Written Answers — Department of Finance: NAMA Investment Funds (15 Jul 2014)

Stephen Donnelly: 190. To ask the Minister for Finance in relation to the maiden qualifying investment fund at the National Asset Management Agency, registered on 2 July 2013, and dubbed the South Docks Fund, if he will confirm the value of assets so far contributed by NAMA to the QIF, and the return on investment to NAMA on the QIF after its first full year of operation; his view on that return on investment;...

Written Answers — Department of Finance: NAMA Court Cases (15 Jul 2014)

Stephen Donnelly: 191. To ask the Minister for Finance to explain the reason three cases initiated at the High Court on 20 December 2013 by the National Asset Management Agency against a person (details supplied) and others were not included in the list of litigation produced in the National Asset Management Agency management report and accounts for quarter four, 2013, which were published in June 2014; if he...

Written Answers — Department of Finance: NAMA Property Sales (15 Jul 2014)

Stephen Donnelly: 192. To ask the Minister for Finance further to the recent sale by Northwood Investors of 1 Warrington Place in Dublin for €43 million following its purchase from a National Asset Management Agency developer for €27 million in April 2012, if he has concerns that NAMA's timing of its decision to sell the property was the correct decision in view of the €16 million of...

Written Answers — Department of Finance: NAMA Expenditure (15 Jul 2014)

Stephen Donnelly: 193. To ask the Minister for Finance if he will provide an update on the €20 million investment being made by the National Asset Management Agency in an extension to the Scotch Hall shopping centre in Drogheda, County Louth; the number of jobs that will be created or maintained by the investment; whether that investment has been delayed or cancelled in view of the fact that no new...

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