Results 7,381-7,400 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Foreign Earnings Deduction (12 May 2015)

Michael Noonan: Section 12 of Finance Act 2012 introduced the Foreign Earnings Deduction (FED), which provides for a limited tax deduction for individuals who temporarily carry out the duties of their office or employment in Brazil, Russia, India, China or South Africa. The provision applies as respects the years 2012, 2013 and 2014. The scheme was extended in Finance Act 2013 to include travel to Nigeria,...

Written Answers — Department of Finance: Financial Services Regulation (12 May 2015)

Michael Noonan: At the outset it should be noted that in my role as Minister for Finance I have no power to intervene in such matters as the responsibility for day to day regulatory issues is a matter for the Central Bank of Ireland which is statutorily independent in the exercise of these functions. Consumer issues are covered by the Central Bank's Consumer Protection Co de which, amongst other things,...

Written Answers — Department of Finance: Tax Exemptions (12 May 2015)

Michael Noonan: For reasons of taxpayer confidentiality, the Revenue Commissioners cannot comment on the tax affairs of individual Bodies or Trusts in receipt of Charitable Tax Exemptions. In addition, the Revenue Commissioners do not collate data in respect of Charitable Tax Exemptions in a manner that facilitates the extraction of separate costings for specific groupings, for example religious...

Written Answers — Department of Finance: Central Bank of Ireland Properties (12 May 2015)

Michael Noonan: Under section 6B of the Central Bank Act 1942, as amended, the Central Bank Commission is responsible for administering the provision of accommodation and office and other equipment with a view to enabling the Central Bank to perform and exercise its functions and powers. As Minister for Finance I have no role in the matter. The Central Bank has a dedicated...

Written Answers — Department of Finance: Central Bank of Ireland Properties (12 May 2015)

Michael Noonan: Under section 6B of the Central Bank Act 1942, as amended, the Central Bank Commission is responsible for administering the provision of accommodation and office and other equipment with a view to enabling the Central Bank to perform and exercise its functions and powers. As Minister for Finance I have no role in the matter. I have been informed by the Central Bank that it owns 4 properties...

Written Answers — Department of Finance: Central Bank of Ireland Staff (12 May 2015)

Michael Noonan: Section 19 of the Central Bank Act 1942, as amended, sets out the rules and procedure for the appointment of the Governor of the Central Bank. Section 19 provides that the Governor is to be appointed by the President on the advice of the Government. The term of appointment is seven years. While the Governor has announced his intention to retire, the details of the date of...

Written Answers — Department of Finance: IBRC Operations (12 May 2015)

Michael Noonan: Neither I nor officials in my Department are aware of any person who was a shareholder in Siteserv who would have had access to IBRC information concening the sale of Siteserv, and/or who would have had information regarding the Irish Water's tender.

Written Answers — Department of Finance: NAMA Portfolio Value (12 May 2015)

Michael Noonan: I refer the Deputy to NAMA's Section 55 Quarterly Accounts for the period to end-September 2014, which show that the carrying value of loans and receivables after impairment at 30 September 2014 was €14.575 billion.  This comprised gross loans and receivables for €18.147 billion less impairment of €3.571 billion. Updated figures will be included in NAMA's Annual...

Written Answers — Department of Finance: NAMA Operations (12 May 2015)

Michael Noonan: I propose to take Questions Nos. 276 to 278, inclusive, together. Information on NAMA-related loan and asset disposals more generally is included in the Agency's annual accounts for 2010, 2011, 2012 and 2013 and the Agency's quarterly accounts which are published in accordance with Section 55 of the NAMA Act.  NAMA's annual and quarterly accounts are publicly available on the Agency's...

Written Answers — Department of Finance: NAMA Investment Funds (12 May 2015)

Michael Noonan: I am advised by NAMA that it has advanced Irish development cash funding of more than €1 billion to date: €137m in 2010; €144m in 2011; €117m in 2012; €159m in 2013; €485m in 2014; and €46m to date in 2015. NAMA's current funding activities are focused in particular on meeting current and prospective shortages in the Dublin office and...

Written Answers — Department of Finance: NAMA Portfolio (12 May 2015)

Michael Noonan: I am advised by NAMA that a breakdown of the Agency's property security by geography and sector is available in the Annual Report and Financial Statements for 2013. An updated breakdown of the Agency's will be included in its Annual Report and Financial Statements for 2014, which is scheduled to be published at the end of May.

Written Answers — Department of Finance: NAMA Portfolio (12 May 2015)

Michael Noonan: I refer the Deputy to NAMA's website, , which contains extensive information on how NAMA, within the context of its overriding commercial objective, seeks to manage its portfolio in a manner that complements the objectives of Government departments, local authorities, State agencies and other public bodies.  NAMA's work in this respect includes providing homes for social housing,...

Written Answers — Department of Finance: Tax Code (12 May 2015)

Michael Noonan: The details supplied with this question suggest that gross rental income from lettings is taxed rather than the profits arising from the lettings. This is not the case. In that regard, I am informed by the Revenue Commissioners that rental income for tax purposes is the gross rental income less allowable expenses incurred in earning that rent, as specified in section 97(2) of the Taxes...

Written Answers — Department of Finance: Credit Review Office Remit (12 May 2015)

Michael Noonan: The Deputy will be aware that responsibility for the implementation of personal insolvency legislation rests with my colleague, Frances Fitzgerald TD, Minister for Justice & Equality.  The Deputy will also be aware that the Taoiseach has previously announced that the Government is considering a range of options to support the existing framework and to...

Written Answers — Department of Finance: Mortgage Arrears Proposals (12 May 2015)

Michael Noonan: The effective management of the mortgage arrears issue is an area that remains under continuous review.  More and concerted action can be undertaken by the banks to assist customers in arrears.  As the Deputy is aware the Taoiseach has previously announced that the Government is considering a range of options to support the existing framework and to improve the...

Written Answers — Department of Finance: IBRC Loans (12 May 2015)

Michael Noonan: The Special Liquidators have confirmed to officials in my Department that no borrowers were offered an incentive discount on their loans to refinance or buy their loans back from IBRC. Notwithstanding the above, following the Special Liquidators' due process and as part of the competitive sales processes devised by the Special Liquidators, it was possible...

Written Answers — Department of Finance: Company Liquidations (12 May 2015)

Michael Noonan: I understand the Siteserv Liquidator is coordinating access to the share register, which is available to view at the offices of Computershare, who provided share registration services to Siteserv. I would suggest that the Deputy contact the Siteserv Liquidator directly to access this information.

Written Answers — Department of Finance: State Bodies Mergers (12 May 2015)

Michael Noonan: In response to the Deputy's question Sealuchais Árachais Teoranta (SAT) was established in 1985 to effect the state ownership of Icarom. Following the completion of the Icarom administration in 2013, wind up procedures began for Icarom. SAT formally completed its Voluntary Strike Off on 05 October 2014 and the company is now dissolved. SAT had no paid staff members. A&L Goodbody...

Written Answers — Department of Finance: National Pensions Reserve Fund Investments (12 May 2015)

Michael Noonan: Information in relation to the performance of the National Pensions Reserve Fund (NPRF) is available in the Fund's published Annual Reports which are available online at the following link; Section 18 of the National Pensions Reserve Fund Act 2000 required the payment of a contribution equivalent to 1% of GNP from the Exchequer to the National Pensions Reserve Fund each year....

Written Answers — Department of Finance: Banks Recapitalisation (12 May 2015)

Michael Noonan: I have set out in the paragraphs below the information received from the relevant institutions in relation to dated subordinated debt that was repaid during the period of the Credit Institutions (Financial Support) Act 2008 which ran from 30th September 2008 to the 29th September 2010. AIB No dated subordinated debt was repaid in full. The only transaction involving...