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Order of Business (16 Nov 2006)

Joan Burton: ——on several occasions.

Order of Business (16 Nov 2006)

Joan Burton: This year, the banks have announced even greater record profits. They received a present last year of an extra €300 million.

Order of Business (16 Nov 2006)

Joan Burton: What is the Government's position? This was promised.

Estimates for Public Services 2007: Motion (21 Nov 2006)

Joan Burton: The estimated cost of running the State next year, €54 billion, sounds like a lot of money. If we were talking about the EuroMillions, we would say the punters were throwing money in tax paid at the Minister. As is the case in respect of EuroMillions, everyone hopes to win. Taxpayers hope for a new school for their area, decent care facilities for their older relatives and a bus or train...

Written Answers — Aquaculture Development: Aquaculture Development (21 Nov 2006)

Joan Burton: Question 79: To ask the Minister for Communications, Marine and Natural Resources if he will report on the recent new €2.2 million package to develop the Irish aquaculture sector; where these measures will be targeted; if he will bring forward a national aquaculture strategy; and if he will make a statement on the matter. [38842/06]

Written Answers — Aquaculture Development: Aquaculture Development (21 Nov 2006)

Joan Burton: Question 141: To ask the Minister for Communications, Marine and Natural Resources if he will report on the national sea fisheries and seafood strategy and on the way this will be facilitated by the next phase of the National Development Plan; and if he will make a statement on the matter. [38841/06]

Written Answers — Decentralisation Programme: Decentralisation Programme (21 Nov 2006)

Joan Burton: Question 248: To ask the Minister for Finance the position on the arrangements for an application system modelled on the central applications facility for civil servants and public servants who intend to remain in the Dublin area in the context of the Government's proposed decentralisation proposal; the number of applications that have been received; the Departments they were received from;...

Written Answers — Financial Services Regulation: Financial Services Regulation (21 Nov 2006)

Joan Burton: Question 438: To ask the Minister for Enterprise, Trade and Employment if his attention has been drawn to the action being taken by the New Zealand competition watchdog, the Commerce Commission, against 11 banks and financial institutions in New Zealand that have acted anti-competitively by price-fixing the credit card fees paid by retailers; if the Competition Authority has investigated the...

Written Answers — Competition Authority: Competition Authority (21 Nov 2006)

Joan Burton: Question 439: To ask the Minister for Enterprise, Trade and Employment if he will report on investigations by the Competition Authority into the lack of choice offered by financial institutions to their clients in regard to payment protection insurance on loans; and if he will make a statement on the matter. [38584/06]

Fiscal Policy. (22 Nov 2006)

Joan Burton: That is a new interpretation. It is a good try on the Minister's part. He should read his own Department's Budget Statement last year.

Fiscal Policy. (22 Nov 2006)

Joan Burton: What if they do overtime?

Tax Collection. (22 Nov 2006)

Joan Burton: Question 54: To ask the Minister for Finance his views on the widespread use of avoidance mechanisms in respect of development land and stamp duty, particularly the use of licensing arrangements and the transfer of property via the sale or transfer of shares in a company; if his Department or the Revenue Commissioners have carried out an examination of the actual and potential loss of stamp...

Tax Collection. (22 Nov 2006)

Joan Burton: According to the pre-budget outlook, first-time buyers will pay €70 million in stamp duty. Does the Minister know how difficult it is for them to understand how he can endorse in the House a situation in which, one month ago, a deal on land transfers to the amount of approximately €400 million in respect of the Irish Glass Bottle site was made? It involved a share transfer and attracted...

Tax Collection. (22 Nov 2006)

Joan Burton: Does the Minister have figures on the amount of stamp duty avoided by these mechanisms, the number of such transactions and the amount involved? Does the Minister agree the situation is a scandal and that it is open to him to close these loopholes to ensure a sense of justice and equity between ordinary people buying family homes and big developers and builders, the type of people who go to...

Tax Collection. (22 Nov 2006)

Joan Burton: We are discussing stamp duty.

Tax Collection. (22 Nov 2006)

Joan Burton: Does the Minister know the cost and the number of transactions?

Fiscal Policy. (22 Nov 2006)

Joan Burton: Question 57: To ask the Minister for Finance his views on the recent financial stability report from the Central Bank and its warning that Ireland is more indebted than in 2005, more exposed to interest rates and that house prices have reached unreal levels with a high risk of investors destabilising the market as they exit the market at short notice; the measures he is taking to address...

Fiscal Policy. (22 Nov 2006)

Joan Burton: Has the Minister seen a report in the October 2006 issue of the Irish Property Buyer which includes an analysis of the impact of interest rate increases on average mortgage repayments? Between July 2005 and December 2006 the average monthly mortgage repayment, due to interest rate increases, will have risen by over 50%. The figures show average repayments increasing from €1,057 to...

Fiscal Policy. (22 Nov 2006)

Joan Burton: The Minister spoke about his desire for a soft landing but, with a 50% increase in the average mortgage repayment over the past 18 months, how soft will that landing be? The softest arrangements for people in the property market are geared towards investors rather than owner occupiers. The Minister did not address the issue of empty houses, which in a number of economies are taken as a...

Fiscal Policy. (22 Nov 2006)

Joan Burton: However, 5.5% is a significant increase compared to the rate that obtained when people took out their mortgages.

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