Results 21,841-21,860 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Banking Sector (19 Nov 2015)

Michael Noonan: My Department is currently transposing the Payment Accounts Directive which requires that all consumers legally resident in the EU must have access to a payment account with basic features, regardless of their financial circumstances. The Directive also allows Member States to make provision to promote financial inclusion of unbanked, vulnerable consumers.  The Directive must be...

Written Answers — Department of Finance: Central Bank of Ireland (19 Nov 2015)

Michael Noonan: I am informed by the Central Bank of Ireland that it plans that a Central Credit Register (CCR) solution will be in place by mid-2016. To that end, the Central Bank has: - signed contracts with CRIF Ireland Limited in February 2015 to establish and operate the CCR on its behalf; - progressed a design stage to specify the detailed data requirements and conducted a data survey with...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (19 Nov 2015)

Michael Noonan: The Ireland Strategic Investment Fund (ISIF) has advised that it publishes its holdings annually and, based on the 2014 National Treasury Management Agency (NTMA) Annual Report, estimates an exposure of approximately €45m to the alcohol, tobacco and aerospace & defence industries as at 31 December 2014. The majority of these equity investments held by the ISIF are...

Written Answers — Department of Finance: Central Bank of Ireland Staff (19 Nov 2015)

Michael Noonan: Each year the Central Bank reports on its training expenditure in its Annual Report (see note 8). The total spend in 2014 was €2,299,816, with 1,180 staff members availing of training. The amount spent on training to 30 July 2015 has been €1,102,484, with 1,092 participating staff members. The Central Bank's training takes a variety of formats: in-house, external, through the...

Written Answers — Department of Finance: Property Tax Administration (19 Nov 2015)

Michael Noonan: I am advised by Revenue that the administration of Local Property Tax (LPT) is specifically provided for in legislation, the Finance (Local Property Tax) Act, 2012 (as amended) (the Act).  I am advised by Revenue that it is has considered the Bara judgement with regard to any possible implications for it as a data controller.  The Bara judgement concerned the sharing between...

Written Answers — Department of Finance: Data Protection (19 Nov 2015)

Michael Noonan: In the period referred to by the Deputy, there has been no legislation introduced by the Minister for Finance which contains a provision amending the Data Protection Acts. However, examples of legislation which affect the operation of the Data Protection Acts is set out below. It should be noted that the Data Protection Acts 1988 and 2003 do not operate to prevent the disclosure of personal...

Written Answers — Department of Finance: State Bodies (19 Nov 2015)

Michael Noonan: In response to the Deputy's query, please find, in tabular form, the number of new State bodies and agencies under his remit that have been established since February 2011; the number of such bodies subject to a sunset clause; and the number of new public bodies currenty being planned I would ask the Deputy to note that The New Economy and Recovery Authority (NewERA) has been established on a...

Finance Bill 2015: Order for Report Stage (24 Nov 2015)

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

Finance Bill 2015: Report Stage (24 Nov 2015)

Michael Noonan: I move amendment No. 1:In page 8, line 9, to delete “and” and substitute the following:“(iii) to insert the following after subsection (4):“(5) Subject to subsection (7), where relevant emoluments are paid on 31 December in a tax year or, if that year is a leap year, on 30 or 31 December in that year (referred to in this section as the ‘relevant...

Finance Bill 2015: Report Stage (24 Nov 2015)

Michael Noonan: I move amendment No. 2:In page 8, to delete lines 25 and 26 and substitute the following:“(2) (a) Subsection (1), other than subparagraph (iii) of paragraph (b), applies for the year of assessment 2016 and each subsequent year of assessment, and (b) Subsection (1)(b)(iii) applies for the year of assessment 2015 and each subsequent year of assessment.”.

Finance Bill 2015: Report Stage (24 Nov 2015)

Michael Noonan: I move amendment No. 3:In page 14, between lines 5 and 6, to insert the following:“Amendment of section 97 of Principal Act (computational rules and allowable deductions) 15. (1) Section 97 of the Principal Act is amended by inserting the following subsection after subsection (2J):“(2K) (a) In this subsection— ‘Board’ means the Private Residential...

Finance Bill 2015: Report Stage (24 Nov 2015)

Michael Noonan: We have socialists who oppose property taxes.

Finance Bill 2015: Report Stage (24 Nov 2015)

Michael Noonan: I thank all Deputies who participated in the debate on the amendment. They will recall that the Minister, Deputy Alan Kelly, and I made a joint announcement on a series of measures to deal with the problem of rents, rental property and the lack of supply and housing market. There was a range of measures and I am sure Deputies can recall some of them. They included everything from NAMA's...

Finance Bill 2015: Report Stage (24 Nov 2015)

Michael Noonan: Six months later the banks were closed by the same Greek Government and withdrawals from ATMs were restricted to €60.

Finance Bill 2015: Report Stage (24 Nov 2015)

Michael Noonan: It is part of the Trotskyite dialogue to always blame some outside force, but there is a connection between the policies that were followed and the results that were achieved. The policies followed by the Greek Government ended up with the country on the brink of disaster. The Greek Prime Minister of the day realised this and sacked his finance Minister, and a different set of policies have...

Finance Bill 2015: Report Stage (24 Nov 2015)

Michael Noonan: Behave yourselves, lads.

Finance Bill 2015: Report Stage (24 Nov 2015)

Michael Noonan: Many Deputies are looking for background and general information, so I will give them that first and then I will try to answer some of the specific questions that were raised. At present it is estimated that approximately 87,500 households are in receipt of social housing supports. This is made up of the following: 62,900 are in receipt of rent supplement; 20,000 are in the rental...

Finance Bill 2015: Report Stage (24 Nov 2015)

Michael Noonan: No. REITs are excluded. Deputy Boyd Barrett probably understands the REIT system. They are exempt from tax within the REIT on condition that they distribute 85% of profits to their shareholders. As they do not pay tax within the REIT, there is no tax deductability on the interest within the REIT, so they are excluded.

Finance Bill 2015: Report Stage (24 Nov 2015)

Michael Noonan: It does not really matter who the landlord is. The test is whether he is prepared to rent to somebody on rent allowance. If so, he or she gets the interest tax break of 100% rather than 75%, but only on the unit that is rented, not on the block. The scheme does not depend on the background or nature of the landlord. It does not distinguish between wealthy landlords and poor landlords, but...

Finance Bill 2015: Report Stage (24 Nov 2015)

Michael Noonan: Was it from the sump of a motorbike?