Results 26,321-26,340 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Reliefs Application (28 Mar 2017)

Michael Noonan: The legislation governing the deductibility of expenses incurred in employment is contained in section 114 of the Taxes Consolidation Act 1997. The provision dictates that for an expense to qualify as a deduction against income from an office or employment, the expense must be wholly, exclusively and necessarily incurred in the performance of the duties of the office or employment. For...

Written Answers — Department of Finance: Job Creation Targets (28 Mar 2017)

Michael Noonan: My Department's most recent macroeconomic forecasts were published with Budget 2017 in October last year. The following table sets out the total employment projections from these forecasts. My Department does not produce regional macroeconomic forecasts. Overall, it is forecast that approximately 190,000 net additional jobs will be created over the five year period from 2016 to 2021....

Written Answers — Department of Finance: Protected Disclosures Data (28 Mar 2017)

Michael Noonan: I can advise the Deputy that my Department promotes a culture where members of staff are encouraged and supported in 'speaking up' on any issue that may impact adversely on the Department's ability to properly and fully carry out all its roles and responsibilities. The Department's Protected Disclosures Policy and Procedures document of May 2015 was recently reviewed and updated...

Written Answers — Department of Finance: NAMA Portfolio (28 Mar 2017)

Michael Noonan: The Deputy will be aware that NAMA does not own property.  NAMA acquired loans and its role is, like a bank, that of a secured lender. NAMA holds security over properties that are owned by its debtors or, in the case of enforcement, which are managed on behalf of those debtors by duly appointed insolvency practitioners. As a result, where properties which secure NAMA loans are...

Written Answers — Department of Finance: Tax Code (28 Mar 2017)

Michael Noonan: I assume that the Question is referring to the potential for tax reform under the new US administration.  While a number of proposals are being openly discussed in the context of the debate on US tax reform, the new US administration has yet to set-out its own proposals, though it is clear that tax reform is a priority. The implications for Ireland and other...

Written Answers — Department of Finance: Insurance Costs (28 Mar 2017)

Michael Noonan: I wish to advise the Deputy that my Department operates under State Indemnity, a self-insurance model whereby the State bears the financial risk associated with the cost of claims. The National Treasury Management Agency (NTMA) is designated as the State Claims Agency (SCA) when performing the claims and risk management functions delegated to it under the National Treasury Management...

Written Answers — Department of Finance: Tracker Mortgages (28 Mar 2017)

Michael Noonan: The Deputy may wish to note that the Central Bank of Ireland published a further update report on the Examination of Tracker Mortgage Related Issues on 23 March 2017 and that this is available on its website at: . The report is the latest in a series of status updates since the Examination commenced and sets out the progress being made by lenders in completing...

Written Answers — Department of Finance: Insurance Coverage (28 Mar 2017)

Michael Noonan: The Deputy's  question seems to refer to the issue of whether the State should make it a requirement for drone users to have insurance cover before drones can be used, because of the risk of third party damage. In this regard, it should be noted that insurance for activities is not generally a compulsory  requirement, with the obvious exception of...

Written Answers — Department of Finance: Motor Insurance (28 Mar 2017)

Michael Noonan: The issue  of persons being able to purchase motor insurance in another EU Member  to avail of lower premiums for a vehicle registered and based in Ireland was considered by the Cost of Insurance Working Group in its recent Report. Its conclusion was  that it is not possible under the current legislative framework to provide for individuals to source motor insurance...

Written Answers — Department of Finance: Credit Institutions Resolution Fund (28 Mar 2017)

Michael Noonan: The Government put €250 million into the Credit Institutions Resolution Fund which was established by section 10(1) of the Central Bank and Credit Institutions (Resolution) Act 2011 (as amended) (2011 Act). The Central Bank manages and administers the Resolution Fund. The purpose of the Resolution Fund under the 2011 Act is to provide a source of funding for...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (28 Mar 2017)

Michael Noonan: The Strategic Banking Corporation of Ireland (SBCI) is Ireland's national promotional institution for SMEs. Its aim is make sustainable and appropriately priced finance available to viable Irish SMEs and support investment by them that encourages growth and facilitates employment across the whole country. The SBCI does not lend directly, rather it lends its funds to SMEs through lending...

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: I move:That Dáil Éireann shall consider the Report of the Committee of Public Accounts entitled Examination by Committee of Public Accounts of NAMA’s Sale of Project Eagle, copies of which were laid before Dáil Éireann on 15 March 2017. I thank the Chairman of the Committee of Public Accounts for presenting this report to the Dáil today and the committee...

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: It is the truth. I know you do not like the truth in your party.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: You make a profession out of not telling the truth.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: I am entitled to tell the truth.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: I am entitled to tell the truth.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: I was referring to the Deputy's party, not to him personally.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: My officials and I have no concerns about the meetings with Cerberus. The meetings were publicly disclosed. The Comptroller and Auditor General raised no issue with the meetings. The Committee of Public Accounts raised no questions about the meetings during our appearances, yet criticism of these meetings was conjured up by the Committee of Public Accounts at the last minute. That is a...

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: May I have an extra two minutes, with the permission of the House?

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: I thank my colleagues very much. It is fashionable to criticise NAMA. It is particularly fashionable for certain developers and their camp followers to do so. I noted further criticism of NAMA in a Sunday newspaper last weekend. Before Members accept as fact this seriously flawed analysis, they should read in full NAMA's rebuttal, which is available on its website. I want to touch...