Results 2,661-2,680 of 4,810 for speaker:Liam Twomey

Seanad: Finance Bill 2010 (Certified Money Bill): Second Stage. (24 Mar 2010)

Liam Twomey: I think I will go back to doing the usual stuff. The issues of Irish domicile and the €200,000 income levy the Minister wants to impose on those with Irish residency were raised in the Lower House. Someone who has a substantial batch of assets in this country and moves to another European country can avoid paying capital gains tax on it. However, someone residing abroad with substantial...

Seanad: Finance Bill 2010 (Certified Money Bill): Second Stage. (24 Mar 2010)

Liam Twomey: -----whose assets have been taken over by NAMA heading off to Marrakesh for the weekend on their private jets. I would like to hear the Minister's view on another issue. A spate of individuals appear to be transferring assets to other family members. People are reading this in all of the newspapers and asking me the reason individuals who are supposed to owe NAMA millions, if not...

Seanad: Finance Bill 2010 (Certified Money Bill): Second Stage. (24 Mar 2010)

Liam Twomey: Of developers transferring-----

Seanad: Finance Bill 2010 (Certified Money Bill): Second Stage. (24 Mar 2010)

Liam Twomey: The Minister can read about it in the newspapers.

Seanad: Finance Bill 2010 (Certified Money Bill): Second Stage. (24 Mar 2010)

Liam Twomey: In that respect, the Minister might point out how it deals with it.

Seanad: Finance Bill 2010 (Certified Money Bill): Second Stage. (24 Mar 2010)

Liam Twomey: For how long?

Seanad: Finance Bill 2010 (Certified Money Bill): Second Stage. (24 Mar 2010)

Liam Twomey: I do not mind the Minister interrupting me because it would be interesting to know how long-----

Seanad: Finance Bill 2010 (Certified Money Bill): Second Stage. (24 Mar 2010)

Liam Twomey: In that case I will put the question to him. He said the matter is covered in the legislation - I obviously missed that part - but if that is the case, why are we being made aware that individuals are transferring assets to other family members? Is there a time limit in that regard? In other words, if they transfer assets over a 12 month or two or three year period before NAMA activates...

Seanad: Finance Bill 2010 (Certified Money Bill): Second Stage (Resumed) (24 Mar 2010)

Liam Twomey: My contribution included a series of questions. The Minister has not dealt with one of them. I asked if there were further changes to bio-fuel obligations or the mineralogical processes exemption from carbon tax.

Seanad: Order of Business. (25 Mar 2010)

Liam Twomey: That is not Senator Boyle's only problem.

Seanad: Finance Bill 2010 (Certified Money Bill): Committee Stage. (25 Mar 2010)

Liam Twomey: I also welcome the Minister and, if the Acting Chairman will give me the same latitude, I hope to welcome her to Wexford for the opera festival in October.

Seanad: Finance Bill 2010 (Certified Money Bill): Committee Stage. (25 Mar 2010)

Liam Twomey: Undoubtedly, she will attend many fantastic cultural events throughout the country in her new office. I wish her the best of luck. I support the production of the report; it is an excellent idea. I understand there is already a provision to subject projects that cost more than €30 million to a cost benefit analysis in any case where State money is being spent. I do not know how well that...

Seanad: Finance Bill 2010 (Certified Money Bill): Committee Stage. (25 Mar 2010)

Liam Twomey: I concur with what the other two Senators have said because this is the only way this House can put in something for discussion on a financial matter. If one takes out the word "report", it would be ruled out of order as there would be a charge to the Exchequer. The only way we can raise relevant issues which may put a charge on the people is to look for a report. If the Cathaoirleach now...

Seanad: Finance Bill 2010 (Certified Money Bill): Committee Stage. (25 Mar 2010)

Liam Twomey: I move recommendation No. 4: In page 13, before section 4, but in Chapter 3, to insert the following new section: 4.—Section 531A(1) of the Taxes Consolidation Act 1997 is amended by the substituting of the following for the definition of "aggregate income": " 'aggregate income for the year of assessment', in relation to an individual and a year of assessment, means the aggregate of the...

Seanad: Finance Bill 2010 (Certified Money Bill): Committee Stage. (25 Mar 2010)

Liam Twomey: We need to do more to help individuals who have mortgages because 20% of them are now in negative equity, and 26,000 are more than 90 days in arrears, with another 26,000 thought to be in arrears for shorter periods. Recommendation, by leave, withdrawn.

Seanad: Finance Bill 2010 (Certified Money Bill): Committee Stage. (25 Mar 2010)

Liam Twomey: I fully support everything Senator O'Toole has said. As regards the courts this, in effect, is litigation lotto where the judge is being asked to play the role of God in deciding how long somebody might live and what his or her quality of life will be in ten or 20 years' time, which is impossible. If the judge errs on the side of the victim, he or she will be granting a large payment....

Seanad: Finance Bill 2010 (Certified Money Bill): Committee Stage. (25 Mar 2010)

Liam Twomey: I ask the Minister to give a briefing on what changes are being made under section 16.

Seanad: Finance Bill 2010 (Certified Money Bill): Committee Stage. (25 Mar 2010)

Liam Twomey: This relates to that decision. These tax credits offset the increasing charges from private health insurers as a person gets older. This goes back to risk equalisation where the older were treated as being the same risk as younger people. When that was thrown out by the Supreme Court, we went back to a risk rated insurance system where the premium increases as a person gets older. That is...

Seanad: Finance Bill 2010 (Certified Money Bill): Committee Stage. (25 Mar 2010)

Liam Twomey: Why is there such a difficulty with replacing the scheme? Does it take three years to get legislation right?

Seanad: Finance Bill 2010 (Certified Money Bill): Committee Stage. (25 Mar 2010)

Liam Twomey: I move recommendation No. 9: In page 25, before section 21, to insert the following new section: 21.—The Minister may, by regulations, and after consultation with the Minister for Health, introduce specific reliefs to help equip Primary Care Centres with appropriate diagnostic and treatment facilities where he is satisfied that they bring commensurate social benefits in the more effective...