Results 841-860 of 34,618 for speaker:Seán Fleming

Ceisteanna Eile - Other Questions: Fuel Prices (16 Jun 2022)

Seán Fleming: On fuel excise, a package of measures, to the value of €320 million, was introduced on 10 March. I know the Deputy said that was little or nothing but €320 million is a substantial figure and that was only done quite recently. That reduced the VAT, inclusive of excise duty on petrol and diesel, by 20 cent and 15 cent per litre, respectively. These reductions mitigate the cost...

Ceisteanna Eile - Other Questions: Fuel Prices (16 Jun 2022)

Seán Fleming: The Deputy's question is specific about the reduction in excise duties for petrol, diesel and marked gas oil. I know he said he has concerns about other issues and people on lower incomes and social welfare payments who might not be affected to the same extent as people trying to get to and from work. The question he asked was specifically on that issue and I have been confining my remarks...

Ceisteanna Eile - Other Questions: Tax Collection (16 Jun 2022)

Seán Fleming: I thank the Deputy for bringing this recently published paper on wealth taxation by Emmanuel Saez and Gabriel Zucman to the attention of the Department of Finance. The paper is being reviewed but, in summary, it describes the historical experience of wealth taxation in Europe and draws lessons from this. It concludes that the wealth tax base was narrow in European countries due to large...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (16 Jun 2022)

Seán Fleming: Our ability to reduce excise duty is impacted by various EU directives. I have covered the current MOT rates on petrol and auto diesel extensively. The MOT rates per thousand litres are €465 for petrol and €405.38 for auto diesel. Prior to March, the MOT rate on petrol was €636 per thousand litres, which was reduced by €170, representing a substantial cut of...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (16 Jun 2022)

Seán Fleming: The Deputy has again mentioned the ESRI report. I thank its authors – Ms Michelle Barrett, Dr. Niall Farrell and Dr. Barra Roantree – on their excellent report, which was funded by the Community Foundation for Ireland, whose chief executive wrote in the foreword, "Many of the 5,000 voluntary, community and charitable groups we work with will be looking at this report and no...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (16 Jun 2022)

Seán Fleming: The Deputy knows there are different issues affecting VAT. He is aware excise is applied to a unit of fuel and remains the same regardless of the fuel's price. It is based on volume. Therefore, no extra revenue is raised from the excise duty if the price increases. VAT is different. People ask why excise duties cannot be reduced, but excise is based on volume, not price. However, I...

Ceisteanna Eile - Other Questions: Fuel Prices (16 Jun 2022)

Seán Fleming: I propose to take Questions Nos. 5, 21, 23, 44 and 65 together. I thank Deputy Ó Snodaigh for raising this question. As the House will be aware, excise duty is applied to fuels on a volumetric basis in the case of non-carbon charges and on the basis of carbon dioxide omissions in the case of carbon tax. As such, the revenue raised from excise duties does not increase in light of...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Banking Sector (16 Jun 2022)

Seán Fleming: I thank the Deputy for raising this issue because it is one that affects hundreds of thousands of people, especially since Ulster Bank announced its withdrawal from the Irish market as part of the NatWest group, and KBC has announced likewise. The retail financial services sector is going through a major period of change. In the past year, we have seen a number of announcements from the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Banking Sector (16 Jun 2022)

Seán Fleming: I hear what the Deputy said about the regulations not being conducive but it is all about providing financial services. Every single financial service provided in Ireland does not have to be provided by a regulated body in Ireland. Such a body can be regulated in any EU country and provide services in Ireland. For example, and I do not want to overemphasise it, there are 1.6 million...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Banking Sector (16 Jun 2022)

Seán Fleming: On the farming sector, the Deputy mentioned credit unions. As he knows, they have a very good product called cultivate. Several credit unions in all the provinces provide that scheme, which provides 50,000 unsecured loans to farmers. It may not be a lot in the context of the scale of some farming activity, but it is quite significant for many farmers. That is an important source of new...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fuel Prices (16 Jun 2022)

Seán Fleming: Again, this is a very significant issue affecting many people. Ireland's taxation on fuel is governed by European Union law set out in various directives, commonly known as energy tax directives, ETDs, which the Deputy will be aware of. These directives prescribe minimum tax rates for fuel, which all member states must comply with. These directives' provisions on mineral oils are...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fiscal Policy (16 Jun 2022)

Seán Fleming: I acknowledge the remarks the Deputy made about the Minister for Finance. He is chairing a Eurogroup meeting today. I think everybody is aware that he had his mother's funeral on the last day, which was totally unforeseen. Everybody understood that, but I take the point he makes. The Deputy will be aware that the Government has responded in a timely and forceful manner to limit the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fiscal Policy (16 Jun 2022)

Seán Fleming: I understand that. The inflation situation has been increasing. Aside from the budgetary effects that came in on 1 January, we did introduce measures very quickly and promptly after that in February. Everybody knows that included the €200, including VAT, energy credit to every electricity account holder in the country. Everybody should have received that by now. More importantly,...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fiscal Policy (16 Jun 2022)

Seán Fleming: I will take up the last point in particular about putting the rent back in renters' pockets. If the Government had ever suggested anything like that, the Deputy and the party opposite would be the first to say this is a subsidy for landlords. That is exactly what would be said, and that is the way it would work out-----

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Fiscal Policy (16 Jun 2022)

Seán Fleming: -----and when landlords know, there would be an increase. In fairness, we can do a lot but we cannot do everything to mitigate it. The measures to date have been well over €2 billion. Recently, our concentration is also on employment and the hospitality sector. Many places cannot even open on Mondays and Tuesdays, such as restaurants and places serving food. One of the solutions...

Seanad: Insurance (Miscellaneous Provisions) Bill 2022: Second Stage (15 Jun 2022)

Seán Fleming: I welcome the opportunity to address the Seanad on the Insurance (Miscellaneous Provisions) Bill 2022, which was published on 1 April and which passed all Stages in the Dáil on 1 June. There were no amendments to the legislation as it passed through the Dáil. People were generally happy with it. I want to put that on record at this point. As Senators will be keenly aware, the...

Seanad: Insurance (Miscellaneous Provisions) Bill 2022: Second Stage (15 Jun 2022)

Seán Fleming: I thank Senators Casey, Maria Byrne, Sherlock, Warfield and Kyne for their contributions. They are all very helpful and positive and accept the logic of the legislation. A big element of this issue relates to the recovery of deducted State supports. It has been rightly pointed out that in the Department of Social Protection, there is a scheme called the recovery of benefits and assistance...

Written Answers — Department of Employment Affairs and Social Protection: Community Employment Schemes (2 Jun 2022)

Seán Fleming: 299. To ask the Minister for Employment Affairs and Social Protection when her Department will make the payments under the Enhanced Redundancy Agreement to Community Employment Supervisors; and if she will make a statement on the matter. [28786/22]

Insurance (Miscellaneous Provisions) Bill 2022: Report and Final Stages (1 Jun 2022)

Seán Fleming: I am grateful for the contribution of Deputy Doherty, in particular, and other members of the Opposition to the entire insurance debate, as exemplified during the course of the passage of this legislation.

Insurance (Miscellaneous Provisions) Bill 2022: Report and Final Stages (1 Jun 2022)

Seán Fleming: I move amendment No. 1: In page 6, line 31, to delete “or in relation to”. It might help if I give an explanation. It is a simple amendment. I will only take a few moments and then give Members of the Opposition an opportunity to speak. It is a very simple four-word amendment. On Committee Stage I indicated that the Department was considering a technical drafting...