Results 3,421-3,440 of 27,945 for speaker:Michael McGrath
- Leaders' Questions (18 Oct 2012)
Michael McGrath: That has nothing to do with it.
- Other Questions: Tourism Promotion (18 Oct 2012)
Michael McGrath: To ask the Minister for Transport, Tourism and Sport if he will provide a progress report on the preparations for the gathering 2013; and if he will make a statement on the matter. [45190/12]
- Written Answers — Department of Finance: Tax Yield (18 Oct 2012)
Michael McGrath: To ask the Minister for Finance if he has an estimate of the amount of money that would be raised in a full year if the remittance basis of taxation for persons who are tax resident in Ireland but are not Irish domiciled. [45574/12]
- Written Answers — Department of Finance: Tax Yield (18 Oct 2012)
Michael McGrath: To ask the Minister for Finance if he has an estimate of the amount of money that would be raised in a full year if consanguinity relief on non-residential property was abolished with immediate effect. [45575/12]
- Written Answers — Department of Finance: Tax Code (18 Oct 2012)
Michael McGrath: To ask the Minister for Finance the estimated full year cost of top slicing relief. [45576/12]
- Written Answers — Department of Finance: Tax Code (18 Oct 2012)
Michael McGrath: To ask the Minister for Finance if he has an estimate of the cost of abolishing the base year in respect of research and development tax credits; and if he will make a statement on the matter. [45577/12]
- Written Answers — Department of Finance: Tax Yield (18 Oct 2012)
Michael McGrath: To ask the Minister for Finance if he has an estimate of the amount of money that would be raised in a full year if the remittance basis of taxation for persons who are tax resident in Ireland but are not Irish domiciled. [45574/12]
- Written Answers — Department of Finance: Tax Yield (18 Oct 2012)
Michael McGrath: To ask the Minister for Finance if he has an estimate of the amount of money that would be raised in a full year if consanguinity relief on non-residential property was abolished with immediate effect. [45575/12]
- Written Answers — Department of Finance: Tax Code (18 Oct 2012)
Michael McGrath: To ask the Minister for Finance the estimated full year cost of top slicing relief. [45576/12]
- Written Answers — Department of Finance: Tax Code (18 Oct 2012)
Michael McGrath: To ask the Minister for Finance if he has an estimate of the cost of abolishing the base year in respect of research and development tax credits; and if he will make a statement on the matter. [45577/12]
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: I have one question on the issue that was being discussed, the structural balance. The Minister made some interesting observations with which I largely agree about the interpretation of structural balance during the boom years. The key question is this: is the Minister now satisfied that the understanding of what a structural balance means has evolved to the point where if a situation...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: I mean in the calculation.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: There is a definition of exceptional circumstances, which is in the treaty which was ratified by the people and which is in the definitions in Part 1 of the Bill. It is central to the matter in that if exceptional circumstances exist, then the Minister is allowed to deviate from the requirement to move towards a structural balance of 0.5% of GDP. Can the Minister give us the sense of what...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: The medium-term budgetary objective is a structural deficit of 0.5%. The debt rule is prescriptive in requiring us to reduce the excess over 60% by one 20th every year. In order to keep to the adjustment path, the headline rate must reach 3% by 2015. What is the period over which we are going to reach the structural deficit of 0.5%?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: Has a timeframe been agreed with the European Commission for reaching the target of 0.5%?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: Has a year or a date been agreed?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: The Minister merely indicated that, in the opinion of the fiscal council, we may reach the target by 2019. That is not an agreed position between the Government and the European Commission.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: What input will the Government have on the critical question of the length of time it is allowed to achieve the structural deficit target?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: I will deal with amendments Nos. 12 and 13. Amendment No. 12 is quite straightforward, asking that the Irish Fiscal Advisory Council would explicitly take account of the pension liability we are facing as a country. It seems that we are sitting on a pension time bomb and we know this from recent reports, including the KPMG review of the social insurance fund, which states that the State is...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: I accept that the Irish Fiscal Advisory Council will take account of these issues in preparing the reports. For example, in the September report it addressed the question of debt sustainability. It seems that this is so central to what the council is about that it should be given a specific function to provide an assessment of debt sustainability. As long as it continues to do this in...