Results 19,701-19,720 of 27,019 for speaker:Michael Noonan

Statutory Sick Pay: Motion (Resumed) [Private Members] (24 Oct 2012)

Michael Noonan: It did not start this year.

Statutory Sick Pay: Motion (Resumed) [Private Members] (24 Oct 2012)

Michael Noonan: I welcome the opportunity to speak on the Government amendment, which is focused on the important measures the Government can take to assist further small and medium size enterprises. Initially, I would like to focus on a key factor with which Fianna Fáil may not be familiar, the importance of political stability on economic confidence and growth. Political stability is a key factor...

Prospects for Irish Economy: Statements (24 Oct 2012)

Michael Noonan: The Deputy would not.

Prospects for Irish Economy: Statements (24 Oct 2012)

Michael Noonan: I welcome the opportunity to discuss the prospects for the Irish economy. In my remarks today, I will outline how the policies adopted by the Government are beginning to bear fruit. However, while the Irish economy is showing signs of growth, we must not be complacent. This is only the first step on the road to recovery. Economic growth and a recovery in the jobs market are the crucial...

Written Answers — Department of Finance: National Asset Management Agency (24 Oct 2012)

Michael Noonan: I am advised by the National Asset Management Agency (NAMA) that information relating to its debtors and properties within their control is, within the meaning of Sections 99 and 202 of the NAMA Act 2009, confidential and that it is therefore precluded from discussing such matters.

Written Answers — Department of Finance: Mortgage Interest Relief (24 Oct 2012)

Michael Noonan: I announced two proposals in Budget 2012 relating to “legacy” property-based tax relief schemes in line with the Programme for Government commitment to reduce, cap or abolish such reliefs which benefit very high income earners. The Department of Finance conducted an extensive economic impact assessment during the summer and autumn of 2011 relating to “legacy”...

Written Answers — Department of Finance: Pension Provisions (24 Oct 2012)

Michael Noonan: The pension fund levy applies at a rate of 0.6% per annum to the market value, on the valuation date, of assets under management in pension funds and pension plans approved under Irish tax legislation. The levy will operate for a period of 4 years only (2011 to 2014) and the legislative provisions giving effect to the levy (section 4 of Finance (No 2) Act 2011) were specifically drafted...

Written Answers — Department of Finance: Departmental Bodies (24 Oct 2012)

Michael Noonan: There is no North South Co-operation unit in my Department.

Written Answers — Department of Finance: Banking Operations (24 Oct 2012)

Michael Noonan: The transfer of €1.1bn (gross) loans assets to the AIB Defined Benefit Pension Scheme was approved by the AIB Board and the Bank's Deleveraging Committee whose members include officials from the Department of Finance and the Central Bank of Ireland in observatory capacities. I am informed by the Bank that the transfer of assets into the AIB pension scheme enabled the Trustee to...

Written Answers — Department of Finance: Mortgage Interest Relief (24 Oct 2012)

Michael Noonan: As the Deputy is aware, tax relief on interest paid on all qualifying home loans is being phased out. Tax relief on interest paid on qualifying home loans taken out in the period 1 January 2004 to 31 December 2012 will continue up to an including the 2017 tax year. However, tax relief is not available on interest paid on loans taken out on or after 1 January 2013. Likewise, where a residence...

Written Answers — Department of Finance: Tax Code (24 Oct 2012)

Michael Noonan: Generally speaking all revenues of the State, including tax revenues are paid into the Central Fund. They are not assigned to specific areas of expenditure but rather form part of the pot from which overall Exchequer expenditure is funded. However, it is the case that receipts from the Household Charge are directed to the Local Government Fund, rather than the Central Fund. The Department...

Written Answers — Department of Finance: Financial Services Regulation (24 Oct 2012)

Michael Noonan: The Central Bank has advised me that under Section 149 of the Consumer Credit Act, 1995 (as amended), credit institutions and bureaux de change must notify the Central Bank if they wish to: - Introduce any new customer ‘charge’ for providing a service or - Increase any existing customer ‘charge’ for providing a service. The Central Bank assesses these...

Written Answers — Department of Finance: Tax Code (24 Oct 2012)

Michael Noonan: I am precluded from commenting on the tax affairs of any taxpayer, as these are confidential between the taxpayer and the Revenue Commissioners. However, I am aware of recent media reports which refer to the ways that some companies structure their international tax affairs to minimise their tax costs. The ability of entities to reduce their tax liabilities using international structures...

Written Answers — Department of Finance: Credit Unions Regulation (24 Oct 2012)

Michael Noonan: The Credit Union Bill 2012 is consistent with the Final Report of the Commission on Credit Unions, which was agreed over a nine-month period by all Commission members, including the Irish League of Credit Unions. The Credit Union Bill delivers on over 60 of the recommendations in the Commission Report, as the following table clearly shows. The Commission included representatives of the Irish...

Written Answers — Department of Finance: Global Tax Transparency (24 Oct 2012)

Michael Noonan: I am pleased to be able to advise Deputy Smith that significant progress has been made in the area of achieving global tax transparency. The Global Forum on Transparency and Exchange of Information was established by OECD member countries and certain other jurisdictions in 2000. The Global Forum was significantly restructured in 2009 and now counts some 110 countries as members. The list...

Written Answers — Department of Finance: Tax Reliefs (24 Oct 2012)

Michael Noonan: The tax matters of concern to the individual named in the Question relate to VAT and capital allowances. With regard to the VAT issue addressed in the question, I am advised by the Revenue Commissioners that it would appear from the information provided that the named individual would have obtained a VAT input credit on the cost of acquiring the golf lodge on the basis that he would make a...

Leaders' Questions (23 Oct 2012)

Michael Noonan: Unlike the last time.

Leaders' Questions (23 Oct 2012)

Michael Noonan: No. The Commission said-----

Written Answers — Department of Finance: Flood Relief (23 Oct 2012)

Michael Noonan: At the outset, the Deputy should note that I am aware of the particular difficulties that Clonakilty faces and have been advised by the OPW that consultants have commenced work on an accelerated programme under the South West CFRAM study to assess the flooding situation in Clonakilty and to develop a preferred option for measures to protect the town to an acceptable level from river and...

Written Answers — Department of Finance: Cycle to Work Scheme (23 Oct 2012)

Michael Noonan: The cycle-to-work scheme was introduced in Finance (No. 2) Act 2008 and continues to operate. As the Deputy is aware, it is a long standing tradition that the Minister for Finance does not comment on taxation matters in advance of the annual Budget.