Results 21,881-21,900 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Banking Operations (24 Nov 2015)

Michael Noonan: I do not believe there is any contradiction between AIB's reply at the Oireachtas Joint Committee on Finance, Public Expenditure and Reform on 22 April 2015 and the information supplied by AIB in relation to Parliamentary Question Number 215 on 17 November 2015. AIB have confirmed to my Department that there has been no change in its policy with regard to sitting...

Written Answers — Department of Finance: Property Tax Yield (24 Nov 2015)

Michael Noonan: I am advised by the Revenue Commissioners that statistics relating to Local Property Tax (LPT) can be found on the statistics webpage of the Revenue website at . Specifically, the available LPT information including LPT collected by Local Authority, are available at . Updates will be published in due course for final 2015 collection. LPT receipts are paid into the Exchequer and are then...

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: This section introduces the new corporation tax relief that is known as the KDB. The amendments in the names of Deputies Pearse Doherty and Tóibín were discussed reasonably extensively yesterday. The legislation provides that profits from certain qualifying assets that were earned by a company chargeable to corporation tax in this State, to the extent that the assets relate to...

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: Deputy Boyd Barrett's main charge is, effectively, that putting a knowledge development box into Irish tax law is motivated by a desire to facilitate large corporations to avoid tax. It is essentially the charge the Deputy has laid here. The origins of the patent boxes and the knowledge development box in this form come from the OECD and the European Commission. In recent years, both those...

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I move amendment No. 7:In page 65, line 24, to delete “one or more” and substitute “all”. Amendments Nos. 7 to 9, inclusive, and amendments Nos. 11 to 16, inclusive, are technical changes to improve the wording of the provision in section 34 of the Bill, as amended on Committee Stage, to ensure they operate as intended. One of the amendments I introduced on...

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I agree with the Deputy.

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I move amendment No. 8:In page 65, line 27, to delete “one or more” and substitute “all”.

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I move amendment No. 9:In page 66, between lines 9 and 10, to insert the following: “ ‘relevant company’ means a company (including a company in a qualifying group) the disposal of shares in which forms the whole or part of the disposal of chargeable business assets;”.

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I move amendment No. 10:In page 66, lines 11 and 12, to delete “for a minimum period of 3 years” and substitute “for a continuous period of not less than 3 years in the 5 years”.

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I move amendment No. 11:In page 66, to delete lines 13 to 15.

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I move amendment No. 12:In page 66, line 25, to delete “target company” and substitute “relevant company”.

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I move amendment No. 13:In page 66, line 27, to delete “target company” and substitute “relevant company”.

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I move amendment No. 14:In page 66, line 34, to delete "target company" and substitute "relevant company".

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I move amendment No. 15:In page 66, line 36, to delete "target company" and substitute "relevant company".

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I move amendment No. 16:In page 67, lines 16 and 17, to delete "or an interest in a business consisting of the development or letting of land".

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I move amendment No. 17:In page 68, after line 35, to insert the following:“Amendment of section 542 of Principal Act (time of disposal and acquisition) 37. Section 542 of the Principal Act is amended by inserting the following subsections after subsection (1):“(1A) Notwithstanding subsection (1)(c), the time of the disposal of land which has been compulsorily acquired shall be...

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: As discussed on Committee Stage, a working group was established earlier this year, comprising representatives from the Department, the Revenue Commissioners and the Irish Charities Taxation Reform Group, to examine options available to reduce the VAT burden on charities. The report from the group was provided ahead of budget 2016 and is available on the budget 2016 website. The charities...

Finance Bill 2015: Report Stage (Resumed) (25 Nov 2015)

Michael Noonan: I thank the Deputy.

Topical Issue Debate: Excise Duties (25 Nov 2015)

Michael Noonan: I thank the Deputy for raising this matter this afternoon. As the Minister for Finance, I recognise the negative impact that the combustion of diesel can have. Having said that, Ireland already has one of the highest excise rates on diesel in the European Union at 48 cent per litre. Over the lifetime of this Government, the excise rate on diesel has been increased by 8.5 cent per litre...

Topical Issue Debate: Excise Duties (25 Nov 2015)

Michael Noonan: As I stated, I am aware of the externalities associated with the use of diesel. I have put in place a number of policies to reduce our dependence on diesel as a fuel of business. The use of natural gas as a propellant was provided for in budget 2015 at the minimum excise rate allowable under the EU energy tax directive. This measure will incentivise the largest consumers of diesel, such as...