Results 6,841-6,860 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Irish Fiscal Advisory Council (23 Jun 2015)

Michael Noonan: The Irish Fiscal Advisory Council was established in 2011 as part of a wider agenda of reform of Ireland's budgetary architecture as envisaged in the Programme for Government.  Following approval of the Fiscal Compact Treaty by referendum in 2012, the Irish Fiscal Advisory Council was placed on a statutory basis to fulfil the role of monitoring compliance with the fiscal rules under...

Written Answers — Department of Finance: State Banking Sector (23 Jun 2015)

Michael Noonan: AIB is well on the road to recovery and officials in my department are working with AIB on reconfiguring its capital structure and setting out a path for the bank to begin to return capital to the State. Given the scale of the State s investment some €20.8 billion and the different financial instruments this money is invested in, there are a range of options available to recoup...

Written Answers — Department of Finance: Banking Sector Staff (23 Jun 2015)

Michael Noonan: As the Deputy will be aware under the Relationship Frameworks the State does not intervene in the day to day operations of the banks in which it holds investments or their management decisions regarding commercial matters and hence any discussions around matters such as outsourcing are a matter for the bank, the relevant staff and their union representatives. Notwithstanding...

Written Answers — Department of Finance: Central Bank of Ireland (23 Jun 2015)

Michael Noonan: As the Deputy will be aware, the Central Bank is independent in carrying out its functions and it would  be inappropriate for me to seek to undermine it's regulatory or supervisory authority.  In respect of Mortgage Arrears Resolution Targets, I am informed by the Central Bank that it has determined that relying on common quarterly solution targets across all banks...

Written Answers — Department of Finance: Tax Code (23 Jun 2015)

Michael Noonan: I have no plans to change the operation of the RCT system. Up to 1 January 2012, principal contractors in the construction, meat processing and forestry sectors were obliged to submit to the Revenue Commissioners the details of relevant contracts entered into by those principals and their sub-contractors on a Form RCT1. Under the eRCT system, which came into effect as and from 1st January...

Written Answers — Department of Finance: National Pensions Reserve Fund Plans (23 Jun 2015)

Michael Noonan: As you are aware on the 22 December 2014, the National Pensions Reserve Fund transitioned to the Ireland Strategic Investment Fund (ISIF) which has a statutory mandate to invest on a commercial basis to support economic activity and employment in Ireland.   The investment strategy of the ISIF has been adopted by the Board of the National Treasury Management Agency (NTMA) following...

Written Answers — Department of Finance: Living City Initiative (23 Jun 2015)

Michael Noonan: The Special Regeneration Areas for the Living City Initiative were designated following consultation with the relevant city councils and an independent review by a third party advisor. Specific criteria were set down in respect of the areas which should be included within the remit of the Living City Initiative which were required to be taken into account by the relevant city councils...

Written Answers — Department of Finance: NAMA Operations (23 Jun 2015)

Michael Noonan: As previously outlined in my response to Dail Question 26 on 7th May 2015, I am advised that the NAMA Chief Executive, in his opening address to the Public Accounts Committee on 18 December 2014, stated that NAMA is aiming to redeem a cumulative 80% (€24 billion) of its Senior Bonds by the end of 2016 and that it hopes that it will have redeemed all of its...

Written Answers — Department of Finance: Income Data (23 Jun 2015)

Michael Noonan: I am informed by the Revenue Commissioners that, on the basis of information derived from income tax returns filed for the years in question, the annual income tax contribution per capita, broken down by economic sectors, for the years 2012 and 2013 is as set out in the following table. The per capita amount is calculated on the basis of taxpayer units, which includes jointly assessed...

Written Answers — Department of Finance: Banking Sector Staff (23 Jun 2015)

Michael Noonan: As the Deputy will be aware under the Relationship Frameworks the State does not intervene in the day to day operations of the banks in which it holds investments or their management decisions regarding commercial matters and hence any discussions around matters such as outsourcing are a matter for the bank, the relevant staff and their union representatives. Notwithstanding...

Written Answers — Department of Finance: Action Plan for Jobs (23 Jun 2015)

Michael Noonan: The Deputy should note that my colleague the Minister for Jobs, Enterprise and Innovation is the lead Minister in relation to the annual Action Plan for Jobs. I assume the Deputy is referring to the "Credit and Financial Costs" chapter of the National Competitiveness Council report Costs of Doing Business in Ireland 2015, which actually states that "in November 2014, loans of up to...

Written Answers — Department of Finance: IMF Loan Issues (23 Jun 2015)

Michael Noonan: Following circulation of an aide-mémoireand a list of Prior Actions to the Greek authorities in the first week of June and a subsequent meeting between Prime Minister Tsipras, European Commission President Juncker and Eurogroup President Dijsselbloem to discuss the proposal, it seemed like both sides were moving closer together. However following submission of Greek...

Written Answers — Department of Finance: Vehicle Registration (23 Jun 2015)

Michael Noonan: I am informed by the Revenue Commissioners that when a registration number is assigned to a vehicle it remains with that vehicle until the vehicle's end-of-life or export under the Export Repayment Scheme. In the example provided in the details supplied, the registration number could be resurrected but could only be used on the vehicle to which it had originally been assigned (for example,...

Written Answers — Department of Finance: Housing Issues (23 Jun 2015)

Michael Noonan: Construction 2020 set out seventy five action points across a wide range of Government Departments, public bodies and other interested parties that seeks to provide a functioning and sustainable property and housing sector. One of these, action point number 4, asked that the barriers to housing mobility be examined and recommendations made. In line with the timescale set out, a...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (23 Jun 2015)

Michael Noonan: Securing more funding for the real economy is an important objective of the Capital Markets Union (CMU) initiative, which will run from 2015 to 2019. CMU, through a wide ranging series of measures, aims to make EU capital markets more integrated, liquid and competitive. Its ultimate purpose is to increase resilience of the financial system and provide greater opportunities for SME's,...

Written Answers — Department of Finance: Startup Funding (23 Jun 2015)

Michael Noonan: The legislation governing the operation of the Startup Refunds for Entrepreneurs (SURE) scheme, formerly known as the Seed Capital Scheme, is set out in Part 16 of the Taxes Consolidation Act 1997 (the Act). The scheme provides for a repayment of income tax paid in certain circumstances to individuals who cease full time employment, or who are unemployed, and invest in the start up of a new...

Written Answers — Department of Finance: Startup Funding (23 Jun 2015)

Michael Noonan: The legislation governing the operation of the Startup Refunds for Entrepreneurs (SURE) scheme, formerly known as the Seed Capital Scheme, is set out in Part 16 of the Taxes Consolidation Act 1997 (the Act). The scheme provides for a repayment of income tax paid in certain circumstances to individuals who cease full time employment, or who are unemployed, and invest in the...

Written Answers — Department of Finance: Startup Funding (23 Jun 2015)

Michael Noonan: The legislation governing the operation of the Startup Refunds for Entrepreneurs (SURE) scheme, formerly known as the Seed Capital Scheme, is set out in Part 16 of the Taxes Consolidation Act 1997 (the Act). The scheme provides for a repayment of PAYE in certain circumstances to individuals who cease full time employment, or who are unemployed, and invest in the start up of a new...

Written Answers — Department of Finance: Tribunals of Inquiry Recommendations (23 Jun 2015)

Michael Noonan: I propose to take Questions Nos. 219 and 220 together. In response to the Deputy's question the Moriarty Tribunal made a number of recommendations which affected a number of Government Departments. As Minister for Finance I can only respond in relation to the recommendations made in relation to my own Department. The tribunal pointed out problems to be addressed in our system of financial...

Written Answers — Department of Finance: Budget Submissions (23 Jun 2015)

Michael Noonan: I propose to take Questions Nos. 221 and 222 together. The 2009 report of the Commission on Taxation recommended a deferral system be introduced for the collection of mineral oil taxes.  The report noted there was no reason for the absence of a deferral system which imposed an unfair burden on the industry and was contrary to the practice in other EU Member...