Results 3,561-3,580 of 27,019 for speaker:Michael Noonan

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: Ar an gcéad dul síos gabhaim buíochas le gach éinne a bhí páirteach sa díospóireacht seo go dtí seo. In proposing this counter motion I am pleased to present to the House today the Government's measured and structured approach to issues facing the financial sector as the best way to secure the position of the financial services sector. There is little to be achieved at this juncture...

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: No, no. The Deputy insists on misquoting me. It is a feature of Fianna Fáil's defence for its disgraceful period in Government that it misquotes the Opposition. Throughout the election campaign, the spring, in my remarks in the United States and right through to my remarks last week, I always said that Fine Gael in government would not act unilaterally to burn bondholders, guaranteed or...

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: I said we would only do so with the consent of the European Central Bank. That is the solid position and it has been my position consistently.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: Deputy McGrath might not like it but he should not accuse me of having a different position and when quoting me, he should do so in context. In the period from the introduction of the guarantee in September 2008 and 31 December 2010, the previous Government allowed substantial repayments of around €20 billion of senior debt for IBRC so it will stick in my craw when Deputy McGrath gets up...

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: The Deputy then accuses me of not being able to prevent the bondholders taking another €3 billion.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: The Deputy should get off the stage; he is a young man around here and he has a future if he gets off the stage and starts to be sincere on these issues. Since coming into government we have explored options with our European partners on senior debt burden sharing. As I stated after my meeting with ECB President Trichet and Commissioner Rehn last month, our European partners expressed strong...

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: I would like to share with my colleagues and I think I have said enough.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: I am sure students of politics, like Deputy Adams, will read the record and the rest of the speech goes on the record.

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: It is like "The Late Late Show".

Private Members' Business - Promissory Notes: Motion (8 Nov 2011)

Michael Noonan: If the Leas-Cheann Comhairle gives Deputy Mathews a few more minutes, he might produce a bazooka.

Written Answers — Illicit Trade in Tobacco: Illicit Trade in Tobacco (8 Nov 2011)

Michael Noonan: I am informed by the Revenue Commissioners, who are responsible for the collection of tobacco products tax and for tackling the illicit trade in cigarettes and tobacco products, that the tackling of this illicit trade is a high priority area. The strategy employed by Revenue to tackle this illicit trade is multifaceted. It includes ongoing analysis of the nature and extent of the problem,...

Written Answers — Insurance Industry: Insurance Industry (8 Nov 2011)

Michael Noonan: I am advised by the Irish Insurance Federation that flood insurance cover is currently available to approximately 98% of householders in Ireland. Neither the Central Bank nor I, as Minister for Finance can compel insurance companies to quote for business. The decision to provide any specific form of insurance cover and the price at which it is offered is a commercial matter based on the...

Written Answers — Tax Code: Tax Code (8 Nov 2011)

Michael Noonan: It is assumed that the Deputy is referring to all of the claims for tax relief allowed in respect of the different types of property related tax schemes. I am informed by the Revenue Commissioners that the relevant information available on the cost to the Exchequer of all these schemes is based on personal income tax returns filed by non-PAYE taxpayers and corporation tax returns filed by...

Written Answers — Job Losses: Job Losses (8 Nov 2011)

Michael Noonan: As the Deputy may be aware, the pillar banks operate in an arms' length capacity in relation to operational issues. It is a matter for the respective individual boards and management to determine and implement operational policy in their organisations.

Written Answers — Tax Code: Tax Code (8 Nov 2011)

Michael Noonan: The supply of gas is subject to carbon tax and VAT but is not subject to the Public Service Obligation levy. With regard to the application of VAT on gas bills, in accordance with section 37(1) of the Value-Added Tax Consolidation Act 2010, the amount on which VAT is chargeable is the total consideration receivable by the supplier, including all taxes, commissions, costs and charges...

Written Answers — Departmental Bodies: Departmental Bodies (8 Nov 2011)

Michael Noonan: The question of rationalisation and the reduction in the number of State bodies is being considered in the context of the Comprehensive Review of Expenditure and the overall budgetary and estimates process for 2012, and decisions on such matters will be made by the Government over the coming weeks. In relation to State bodies the National Treasury Management Agency (NTMA) comes under the...

Written Answers — Exchequer Deficits: Exchequer Deficits (8 Nov 2011)

Michael Noonan: The Exchequer and General Government balances for each of the years 2007-2010 as well as the latest estimates for 2011, on both a headline and underlying that is excluding banking related expenditure basis are shown in the following table. 2007 Ø Exchequer Balance Ø General Government Balance -€1.6bn+€0.1bn 2008Ø Exchequer BalanceØ General Government Balance -€12.7bn-€13.2bn...

Written Answers — Commemorative Events: Commemorative Events (8 Nov 2011)

Michael Noonan: The question of issuing a special coin in 2012 to mark the 90th anniversary of the death of Michael Collins was raised with my Department by the Central Bank earlier this year following a request it received from the Beal-na-mBlath Commemoration Committee. I have also received a number of representations on the issue. While I wish the Beal-na-mBlath commemoration committee every success in...

Written Answers — Bank Assets: Bank Assets (8 Nov 2011)

Michael Noonan: I take it the Deputy is referring to the ECB opinion on the Credit Institutions (Stabilisation) Bill 2010 of December 2010 which raised a concern about the position of the ECB as a creditor of the credit institutions that would be the targets of that legislation. The ECB also sought clarification that the effect of the various orders that can be made by the Minister for Finance under the...

Written Answers — Social and Affordable Housing: Social and Affordable Housing (8 Nov 2011)

Michael Noonan: NAMA recognises that there is a possible synergy between housing stock controlled by its debtors or receivers and the potential demand for social housing. In that context, NAMA concluded the sale of 58 social and affordable units to the Cluid Housing Association in July. The agency has provided a list of over 1,000 other properties to the Department of Environment, Community and Local...