Results 19,501-19,520 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Motor Taxation (13 Nov 2012)

Michael Noonan: I am advised by the Revenue Commissioners that Section 134(1) of the Finance Act, 1992 provides for the registration of vehicles without payment of Vehicle Registration Tax (VRT) in a range of circumstances such as transfer of residence, transfer of business, inheritance and diplomatic relief. Section 141(3) of the same Act provides that regulations may be made by the Minister to give effect...

Written Answers — Department of Finance: Illicit Trade in Tobacco (13 Nov 2012)

Michael Noonan: I am informed by the Revenue Commissioners, who are responsible for the collection of tobacco products tax and for tackling the illicit trade in cigarettes and tobacco products, that they attach a high priority to this issue. The strategy employed by Revenue to tackle this illicit trade is multi-faceted: it includes ongoing analysis of the nature and extent of the problem, developing and...

Written Answers — Department of Finance: Universal Social Charge (13 Nov 2012)

Michael Noonan: It is also a long-standing practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Universal Social Charge (13 Nov 2012)

Michael Noonan: The position is that both income tax and Universal Social Charge (USC) are chargeable where a permanently incapacitated minor child is in receipt of income by virtue of a deed of covenant from a person who is not his or her parent. The income is chargeable to tax and USC in the hands of the recipient. I am informed by the Revenue Commissioners that information on the yield of USC from the...

Written Answers — Department of Finance: Universal Social Charge (13 Nov 2012)

Michael Noonan: The Universal Social Charge (USC) was introduced in Budget 2011 to replace the Income Levy and Health Levy. It was a necessary measure to widen the tax base, remove poverty traps and raise revenue to reduce the budget deficit. USC receipts form part of income tax and are paid into the Central Fund. They are therefore available, along with other sources of tax revenue, non-tax revenue and...

Written Answers — Department of Finance: Social Insurance Refunds (13 Nov 2012)

Michael Noonan: I have been advised that the matter is under active investigation by the Department of Social Protection and they will contact the individual directly on the matter.

Written Answers — Department of Finance: Mortgage Arrears (13 Nov 2012)

Michael Noonan: While the Central Bank collects and publishes data of the amount of residential mortgage lending and the arrears position in respect of such lending, neither the Bank nor my Department collects or has access to the further data that would be necessary to provide an answer to the question submitted by the Deputy.

Written Answers — Department of Finance: Public Sector Staff (13 Nov 2012)

Michael Noonan: Staff at all levels in the Department, together with staff representatives and management have the opportunity to contribute through the normal industrial relations framework i.e. Departmental Council which is part of the Conciliation and Arbitration Scheme for the Civil Service. Staff also contribute to reform and change in their respective areas as part of the ongoing transformation...

Written Answers — Department of Finance: Pension Provisions (13 Nov 2012)

Michael Noonan: In reply to the Deputy’s question, there are no funded semi-state company pension schemes under the aegis of my Department.

Tax Transparency Bill 2012: Second Stage (Resumed) [Private Members] (9 Nov 2012)

Michael Noonan: Again, I compliment Deputy Murphy on introducing the Bill to the House. In principle, I agree with the provision of more information to members of the public, as does everyone who contributed to the debate this morning. I see what the Deputy is trying to achieve and I think it is laudable that further advances be made. I also note the progress being made by my colleague, the Minister for...

Tax Transparency Bill 2012: Second Stage [Private Members] (9 Nov 2012)

Michael Noonan: The Bill proposed by Deputy Murphy contains some interesting proposals. It aims to provide greater transparency in respect of spending by Departments and agencies in a given year and to draw a stronger correlation between taxes paid by individuals and State services delivered. The Bill is also intended to encourage more responsible budgeting, in particular in terms of preparation of annual...

Tax Transparency Bill 2012: Second Stage [Private Members] (9 Nov 2012)

Michael Noonan: What about the Committee of Public Accounts?

Credit Union Bill 2012: Order for Second Stage (8 Nov 2012)

Michael Noonan: I move: "That Second Stage be taken now."

Credit Union Bill 2012: Second Stage (8 Nov 2012)

Michael Noonan: I move: "That the Bill be now read a Second Time." The Credit Union Bill 2012 is an important step towards placing the Irish credit union movement on a sustainable path for the longer term. From the outset, I want to set out clearly that the Bill implements the Commission on Credit Unions report, which was agreed and co-authored by key stakeholders, including credit union representatives....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 Nov 2012)

Michael Noonan: On the Deputy's first question about the capital requirements directive and regulations, it is important that the heightened pace of the trilogue negotiations is maintained and agreement is reached on the outstanding issues before the Basel III deadline for implementation on 1 January 2013. In that context, Ireland welcomes the efforts to reach a compromise on the outstanding issues and we...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 Nov 2012)

Michael Noonan: We have those figures and I have put them in the public domain by way of a parliamentary question. I will send them on to the Deputy. In terms of helping the Deputy, if he thinks of the promissory note repayments on 31 March every year in respect of Anglo Irish Bank alone, the sum is €3.1 billion. That will go on for about 12 years, and then there is a long tail to it after that of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 Nov 2012)

Michael Noonan: It is quite complicated. As the Deputy knows, the previous Government negotiated an interest rate holiday so it did not hit our budgets, effectively, until the change of Government. Within the sum of €3.1 billion there is a lot of capital repayment built in. The amount is not standard as one goes through the years so, again, in the interest of being exact, I would need to give the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 Nov 2012)

Michael Noonan: It is certainly in Ireland's interest that Europe would grow at much stronger rates than at present. Some European countries are in recession at the moment and, indeed, we are one of the stronger countries in terms of growth rates. We had a growth rate of 1.4% last year, better than the budget provision of 0.7% for this year and somewhere around the middle of the forecast for next year. We...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 Nov 2012)

Michael Noonan: Our policy position on the financial transactions tax has developed over a period of time. As the Deputy will be aware, the ESRI and the Central Bank developed a paper on the financial transactions tax at my request when it became clear that certain European countries were going to push the matter fairly hard. I wanted the advice I was getting within the Department of Finance to be...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 Nov 2012)

Michael Noonan: The idea of a financial transactions tax has been part of political debate for quite some time. The first time I heard it debated in the Houses of the Oireachtas was on the back of the Tobin report, which was very fashionable 12 or 15 years ago.