Results 2,461-2,480 of 27,019 for speaker:Michael Noonan

Written Answers — Mortgage Arrears: Mortgage Arrears (5 Jul 2011)

Michael Noonan: Neither I, as Minister for Finance, nor the Central Bank comment on individual lending institutions in the manner referred to in the Deputy's question. However, all mortgage lenders are obliged to adhere to the requirements of the revised Code of Conduct on Mortgage Arrears (CCMA) which is effective from 1 January 2011. The Code sets out specific requirements mortgage lenders must adhere to...

Written Answers — House Repossessions: House Repossessions (5 Jul 2011)

Michael Noonan: I have been informed by the Central Bank of Ireland that this information has only been collated since September 2009. Since that date, the Central Bank has published quarterly data on arrears and repossessions on its website: www.centralbank.ie. The number of repossessions of private houses for each quarter is as follows: To quarter end September 2009 110 repossessions To quarter end...

Written Answers — Banks Restructuring: Banks Restructuring (5 Jul 2011)

Michael Noonan: The Deputy will be aware from my Statement on Banking on 31 March 2011 that the future of Ireland's banking landscape will be built around the two pillar banks, Bank of Ireland and AIB. Each of these banks has already begun to reorganise their operations into core and non-core functions and to implement a carefully managed programme of deleveraging. Both Bank of Ireland and AIB have...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (5 Jul 2011)

Michael Noonan: As I said in my Statement on Banking in March, the PCAR bank stress tests carried out by the Central Bank are certainly among the most thorough and demanding such tests ever performed in Ireland and or indeed anywhere. The detailed results methodology and assumptions underlying these stress tests have been published, emphasising Ireland's firm commitment for this critical exercise to be...

Written Answers — Price Inflation: Price Inflation (5 Jul 2011)

Michael Noonan: The Deputy will be aware that through 2009 and 2010, there were few inflationary pressures. Indeed, price levels fell, with the CPI declining by 4.5% in 2009 and 1% in 2010, and HICP falling by 1.7% and 1.6% respectively. In the latter months of 2010 and to date in 2011, the drivers of inflation have been insurance premium hikes and increases in the price of commodities on the back of rising...

Written Answers — Tax Code: Tax Code (5 Jul 2011)

Michael Noonan: It is customary for jurisdictions to continually update and amend their tax regimes to reflect changes and developments in both the structure of companies and current practices in domestic and international trade and commerce. The tax offering of any jurisdiction is critical to its attractiveness to international business and all jurisdictions compete on the tax front for foreign direct...

Written Answers — Foreign Direct Investment: Foreign Direct Investment (5 Jul 2011)

Michael Noonan: My fellow European Finance Ministers and I regularly discuss at our meetings the economic situation in the EU, eurozone and in individual Member States. This includes matters of common interest with regard to foreign markets and any items which have the potential to negatively impact or delay economic recovery. In this regard, making Europe attractive for global foreign direct investment is...

Written Answers — Croke Park Agreement: Croke Park Agreement (5 Jul 2011)

Michael Noonan: The Implementation Body for the Public Service Agreement 2010 - 2014 published its first progress report on 15th June last. The body found that, over the 12 months to end March 2011, sustainable Exchequer pay bill savings in the order of €289 million had been achieved, driven primarily by a reduction in public service staff numbers of 5,349 over the period. Public service pension costs...

Written Answers — Industrial Relations: Industrial Relations (5 Jul 2011)

Michael Noonan: The Department of Public Expenditure and Reform has recently received documentation from the Department of Education and Skills regarding the Labour Court recommendation in relation to the sports complex referred to by the Deputy. This issue is currently under examination by the Department of Public Expenditure and Reform and a response will issue to the Department of Education and Skills...

Order of Business (6 Jul 2011)

Michael Noonan: I will send some material to the Deputy.

Finance (No. 3) Bill 2011: Order for Report Stage (6 Jul 2011)

Michael Noonan: I move: "That Report Stage be taken now." Question put and agreed to.

Finance (No. 3) Bill 2011: Report and Final Stages (6 Jul 2011)

Michael Noonan: I move amendment No. 1: In page 66, between lines 15 and 16, to insert the following: " " 235 section 864A(1)(d) Chapter 1 of Part 44. Chapter 1 of Part 44 orChapter 1 of Part 44A " This is a technical amendment which I commend to the House. It ensures communications with Revenue by civil partners in respect of joint assessment can be made electronically.

Finance (No. 3) Bill 2011: Report and Final Stages (6 Jul 2011)

Michael Noonan: I move amendment No. 2: In page 70, column 4, lines 66 to 69, to delete "the civil partner of one or more of his or her lineal descendents" and substitute "a lineal descendant of his or her civil partner". This is a technical amendment that I commend to the House and which corrects a typographical error.

Finance (No. 3) Bill 2011: Report and Final Stages (6 Jul 2011)

Michael Noonan: I move amendment No. 3: In page 76, column 4, line 54, to delete "made under section 175 of" and substitute " under Part 15 of". This is a technical amendment which ensures qualified cohabitants who apply to the court for a redress order under the Civil Partnership and Certain Rights and Obligations of Cohabitants Act will be exempt from capital acquisitions tax on transfers under all such...

Finance (No. 3) Bill 2011: Report and Final Stages (6 Jul 2011)

Michael Noonan: I thank Members opposite for facilitating me by coming into the Chamber so expeditiously this afternoon, as the call came sooner than expected.

Written Answers — Motor Taxation: Motor Taxation (6 Jul 2011)

Michael Noonan: I have been informed by the Revenue Commissioners that under Section 130 of the Finance Act 1992 (as amended) a "Mechanically propelled vehicle means a vehicle that (a) has been designed and constructed for road use (b) is, at the time of declaration for registration, in compliance with any measures taken to give effect in the State to any act of the European Communities relating to the...

Written Answers — Tax Code: Tax Code (6 Jul 2011)

Michael Noonan: The position is that a tax credit facility is not available in the circumstances outlined by the Deputy. The question of payment or non-payment between a contractor and sub-contractor for work done under a construction or other contract is entirely a matter between the contracting parties concerned.

Written Answers — State Borrowing: State Borrowing (6 Jul 2011)

Michael Noonan: To date, Ireland's nominal borrowings from the European Financial Stabilisation Mechanism and the European Financial Stability Facility under the EU-IMF Programme amount to €15.6 billion. Details of these loans, and the yields on the corresponding bonds issued by the EFSM and the EFSF, as supplied by the NTMA to my Department, are set out in the table: Lender Nominal Loan amount - €...

Written Answers — Tax Collection: Tax Collection (6 Jul 2011)

Michael Noonan: I have been advised by the Revenue Commissioners that the person in question is in receipt of a disability pension from her former employer, which is taxable. In order to bring the person's tax affairs up to date, Revenue will write to the taxpayer shortly to clarify the position.

Written Answers — Financial Services Regulation: Financial Services Regulation (6 Jul 2011)

Michael Noonan: I propose to take Questions Nos. 75 and 78 together. Following the State's investment of capital into Irish Nationwide Building Society, the Board of the Society was asked to identify and address the "legacy issues" of the Society and to co-operate with, where relevant, the appropriate regulatory or other authorities. To assist them in this work, the INBS Board engaged Ernst and Young and...