Results 19,641-19,660 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: National Asset Management Agency (6 Nov 2012)

Michael Noonan: I propose to take Questions Nos. 223 and 224 together. The National Asset Management Agency (NAMA) advises that it does not pay salaries to debtors as it is not their employer. The Agency advises that, in certain cases, it permits debtors to retain part of the income from their income-producing assets to pay overheads where necessary for the preservation and enhancement of the value of...

Written Answers — Department of Finance: Tax Collection (6 Nov 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the number of litres of petrol and diesel that were sold in the state in the past five years is not available. However, the number of litres of petrol and diesel where mineral oil tax was paid in the calendar years 2007 to 2011 is as follows: Year Petrol Auto Diesel - Litres Litres 2007 2,377,727,280 3,025,245,030...

Written Answers — Department of Finance: Banking Sector Staff (6 Nov 2012)

Michael Noonan: I have been advised that 384 staff across Ireland, UK and the US have left IBRC from 1st January 2012 to 2nd November 2012. Some of these staff would have been replaced. Any information which IBRC receives about employees who leave the Bank to join other organisations is based on individuals volunteering such information to the Bank before they leave. The Bank does not have validated...

Written Answers — Department of Finance: Banking Sector Remuneration (6 Nov 2012)

Michael Noonan: I have been advised by the Bank of the following numbers in relation to total remuneration. These figures include the pension payments, allowances and benefits. Total Remuneration Staff Nos in UK & IRL €0 - €99,000 774 €100,000 - €149,000 146 €150,000 - €199,000 44 €200,000 - €299,000 24 €300,000 -...

Written Answers — Department of Finance: National Asset Management Agency (6 Nov 2012)

Michael Noonan: The National Asset Management Agency has no employees. Rather, under Section 42 of the NAMA Act 2009, the National Treasury Management Agency (NTMA) assigns staff to the Agency. As of end-October 2012, some 227 staff had been assigned by the NTMA to the Agency. The Agency reimburses the NTMA the costs incurred in assigning these staff and in providing other business and support services. ...

Written Answers — Department of Finance: National Asset Management Agency (6 Nov 2012)

Michael Noonan: I am informed by the National Asset Management Agency (NAMA) that in the period from its establishment in December 2009 to end-October 2012 there have been 23 staff departures.

Written Answers — Department of Finance: Property Taxation (6 Nov 2012)

Michael Noonan: I am assuming that the reference to the “home tax levy” is a reference to the Non Principal Private Residences (NPPR) charge payable under the Local Government (Charges) Act 2009. I am informed by the Revenue Commissioners that a person in receipt of rental income is assessed to income tax on the profit amount of the rents received (i.e. the gross rents less allowable expenses...

Written Answers — Department of Finance: Tax Clearance Certificates (6 Nov 2012)

Michael Noonan: The Revenue Commissioners have confirmed that the application for a Tax Clearance Certificate from the person (details supplied) was received by them on 24/10/2012 and approved and the Tax Clearance Certificate issued electronically on 25/10/12. There was no delay on the part of Revenue in this matter.

Written Answers — Department of Finance: Tax Yield (6 Nov 2012)

Michael Noonan: I propose to take Questions Nos. 232 and 252 together. There are different ways of measuring the effective rate of corporation tax depending on the variables that are used. As there is no single internationally agreed comparative measure in place, I am not in a position to provide the information on effective tax rates sought in either of the Deputy’s questions. In answer to...

Written Answers — Department of Finance: Tax Reliefs (6 Nov 2012)

Michael Noonan: Companies are chargeable to corporation tax on their profits, wherever arising, after taking account of allowable deductions and reliefs as provided for under the Taxes Consolidation Act 1997 (TCA). The TCA requires a company’s trading profits to be computed in accordance with generally accepted accounting practice subject to any adjustment required by law in computing such profits....

Written Answers — Department of Finance: Tax Yield (6 Nov 2012)

Michael Noonan: I am advised by the Revenue Commissioners that for reasons of taxpayer confidentiality and the possibility that this information could be used to identify the corporations concerned, they are not in a position to provide the information on an individual basis as sought by the Deputy. The collective figures for profits and tax reliefs claimed as requested by the Deputy will be examined to see...

Written Answers — Department of Finance: Customs and Excise Controls (6 Nov 2012)

Michael Noonan: I am informed by the Revenue Commissioners, who are responsible for the collection of taxes and duties and for tackling the smuggling of dutiable and prohibited goods, that they regard anti-smuggling prevention as a high priority area. The use of enforcement equipment such as mobile X-ray scanners and other detection technologies is just one part of a multi-faceted strategy employed by...

Written Answers — Department of Finance: Departmental Agencies (6 Nov 2012)

Michael Noonan: I wish to clarify that it was Mr Gerry Murray who was appointed to the Board of the National Development Finance Agency (NDFA) in July 2012 and not Mr Gerry Murphy as stated in reply to Parliamentary Question No 141 of 23 October 2012. Mr Murray is the Chief Executive of Institutes of Technology Ireland (IOTI), which is the representative body for thirteen of Ireland’s Institutes of...

Written Answers — Department of Finance: National Asset Management Agency (6 Nov 2012)

Michael Noonan: As previously advised to the House (Parliamentary Question, 39693/12, 20 September 2012) and restated by the National Asset Management Agency’s Chairman before the Joint Oireachtas Committee on Finance, Public Expenditure and Reform in recent weeks, the Agency has permitted 168 principals to retain salaries from rental and other income generated by their cash producing assets where it...

Written Answers — Department of Finance: Tobacco Smuggling (6 Nov 2012)

Michael Noonan: The requirements in relation to cigarette packaging are a matter for my colleague the Minister for Health. I am advised by the Revenue Commissioners that they have not, at this point, conducted a detailed assessment of any impact that the introduction of plain or standardised packaging might have on their work to combat the illicit trade in cigarettes. They will, however, examine the matter...

Written Answers — Department of Finance: Pension Provisions (6 Nov 2012)

Michael Noonan: Revenue approval of occupational pension schemes is given on the basis that retirement benefits may, generally, be paid at normal retirement age which cannot fall before age 60 or after age 70. Most schemes would have a normal retirement age of 65. Revenue approval may also provide, however, for early retirement from age 50 where scheme rules allow and with the employer's consent. In such...

Written Answers — Department of Finance: Tax Code (6 Nov 2012)

Michael Noonan: Controlled foreign company legislation is considered necessary by countries where the opportunity exists for companies to set up subsidiaries in foreign jurisdictions that have very low, or no, corporate tax; to then accumulate tax-free profits in those foreign jurisdictions; and, in time, to repatriate those profits as tax-free dividends to the home country. Where such opportunities exist,...

Written Answers — Department of Finance: Tax Reliefs (6 Nov 2012)

Michael Noonan: I am advised by the Revenue Commissioners that based on associating incomes and mortgage interest data for 2010, and applying derived ratios to the estimated cost of mortgage interest for 2012, the full year cost to the Exchequer of extending the rate of tax relief for mortgage interest paid by claimants with income of less than €30,000 to 50%, and of extending the corresponding rate...

Written Answers — Department of Finance: Bank Charges (6 Nov 2012)

Michael Noonan: As Minister for Finance, I have no statutory role in relation to the issues raised by the Deputy. The issues raised are a commercial matter for the banking group concerned. However, I have been informed by the Central Bank that, as part of the group's model for delivering self service and automated arrangements for routine customer transactions, the group carried out a pilot scheme in...

Written Answers — Department of Finance: EU Treaties (6 Nov 2012)

Michael Noonan: Legislation was required for Ireland to ratify the ESM (European Stability Mechanism) Treaty, and the ESM Act (No 20 of 2012) passed all stages of the Oireachtas, and was then signed into law by the President on 3rd July 2012. Ireland deposited its instrument of ratification of the ESM Treaty on 1st August 2012. The ESM Treaty, at Article 48.1 provides that the ESM will enter into force...