Results 4,001-4,020 of 27,019 for speaker:Michael Noonan

Budget Statement 2012 (6 Dec 2011)

Michael Noonan: The next provision is one for the non-puritan Members of the Opposition. I will introduce legislation to facilitate the extension of betting duty on remote betting and the introduction of betting intermediaries duty-----

Budget Statement 2012 (6 Dec 2011)

Michael Noonan: -----to cover betting exchanges. Conclusion The core message of this Government is to get Ireland working again. It is the unifying goal of the new Fine Gael-Labour coalition Government. Last year, I said that the then Government had learned nothing and forgotten nothing. Twice in a generation, reckless spending on the back of irresponsible politics has landed our country in a fiscal...

Budget Statement 2012 (6 Dec 2011)

Michael Noonan: -----and in their hubris, the captains and kings of the development industry advised citizens of other countries on easy ways to get rich. If we need a role model it should be the economy of the mid to late 1990s where over 600,000 jobs were created and growth was based on competitiveness, high educational standards, a credit flow from the banks to enterprise and hard work.

Budget Statement 2012 (6 Dec 2011)

Michael Noonan: This Government will not repeat the mistakes of the past. We are changing the way politics works to make it more transparent, more accountable and designed to secure the best outcome for the Irish people. We are implementing our programme for Government commitments to improve the terms of the EU-IMF programme. This is a work in progress but our results to date include a reduction in the...

Budget Statement 2012 (6 Dec 2011)

Michael Noonan: -----a refocus on fairness through the restoration of the cut in the national minimum wage; and an additional year to bring the deficit below 3% of GDP.

Budget Statement 2012 (6 Dec 2011)

Michael Noonan: The budget changes the economic strategy of the previous Government to put a much greater focus on growth and employment. It balances the need to restore confidence in Ireland's fiscal position with the key objective of supporting economic growth that delivers jobs. In conclusion, I would like to associate myself with the comments made by my colleague the Minister for Public Expenditure and...

Budget Statement 2012 (6 Dec 2011)

Michael Noonan: In a full year.

Written Answers — Employment Support Services: Employment Support Services (6 Dec 2011)

Michael Noonan: Sections 88A and 472A of the Taxes Consolidation Act, 1997 provide for the Revenue Job Assist scheme, which allows tax relief for employers and employees in situations where an individual commences work having previously been long term unemployed. The scheme operates by providing a double deduction from Income Tax and PRSI for 3 years for employers that employ a person who has been unemployed...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (6 Dec 2011)

Michael Noonan: Neither the Central Bank nor I, as Minister for Finance, have a statutory role in the setting of interest rates charged or paid by financial institutions in Ireland regulated by the Central Bank. In a recent letter to the Taoiseach, the Deputy Governor of the Central Bank stated that the power to exercise close regulatory control over retail interest rates is not sought by the Central Bank...

Written Answers — House Repossessions: House Repossessions (6 Dec 2011)

Michael Noonan: I have requested that the Covered Institutions to supply responses to the respective follow up questions, and I will write to the Deputy in this regard, as soon as the information is to hand.

Written Answers — Grant Payments: Grant Payments (6 Dec 2011)

Michael Noonan: My Department has no function in this particular matter.

Written Answers — Departmental Staff: Departmental Staff (6 Dec 2011)

Michael Noonan: In my Department, the following increments have been made payable in the years in question: o 2010 – 261 increments paid to Department of Finance staff members o 2011 – 171 increments paid, to date, to Department of Finance staff members It is not possible to provide the Deputy with the number of increments that will be paid in 2012 as payment of increments is subject to sick leave and...

Written Answers — Pension Provisions: Pension Provisions (6 Dec 2011)

Michael Noonan: A stamp duty levy of 0.6% applies to the market value, on the valuation date, of assets under management in pension funds and pension plans approved under Irish tax legislation. The levy is a charge for a temporary period on the significant assets of pension funds, much of which are represented by investments outside of Ireland, in order to fund the Jobs Initiative introduced earlier this...

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

Michael Noonan: I am advised by the Revenue Commissioners that their office in Athlone has been in contact with the named individual in relation to the mandatory e-filing obligation of his company. He has been advised that the obligation to Pay and File Tax returns electronically applies to the company (but not to his own personal Income Tax returns). The company has been advised that it has the right to...

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

Michael Noonan: As regards the possible introduction of new mortgage products for the situation described by the Deputy, the Central Bank has advised me that they wrote to all mortgage lenders to ascertain whether they were offering, or intended to offer, a mortgage product that would allow home owners to sell their existing home and transfer the negative equity portion of the original loan to the new loan....

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

Michael Noonan: VAT is charged on the supply of goods and services, and the rate applying is subject to the requirements of EU VAT law with which Irish VAT law must comply. The EU VAT Directive provides that Member States must apply VAT to all economic activity, which includes the supply of goods. Member States must apply a standard VAT rate to the majority of goods and services, with the option of applying...

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

Michael Noonan: The 2% VAT increase I announced recently relates to an increase in the standard VAT rate from 21% to 23%. The standard VAT rate applies to the majority of goods and services in the State including cars, petrol and auto-diesel, electrical equipment and CD/DVDs, alcohol, cigarettes and tobacco, telecommunications, furniture, cosmetics, adult clothing and footwear. However, I would point out...

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

Michael Noonan: I propose to take Questions Nos. 25 to 27, inclusive, together. Section 35 of the Credit Union Act 1997 (Section 35) imposes limits on credit unions in relation to longer-term lending. The funding of credit unions is predominantly provided on a short-term basis in the form of on-demand savings and consequently the Section 35 limits are necessary for the protection of the financial stability...

Written Answers — Credit Availability: Credit Availability (6 Dec 2011)

Michael Noonan: The imposition of lending restrictions is the responsibility of the Registrar of Credit Unions, who is the independent regulator for credit unions. Within his independent regulatory discretion, the Registrar acts to support the prudential soundness of individual credit unions, to maintain sector stability and to protect the savings of credit union members. This is part of normal regulation...

Written Answers — Departmental Staff: Departmental Staff (6 Dec 2011)

Michael Noonan: Head to Head transfers are permitted between provincial locations when both transferees are the most senior on the Central Transfer list and/or the Central Applications Facility (CAF) in their own location. Both Departments and both applicants must agree to the transfer. The Department (details supplied) approached my Department to facilitate a head to head transfer for their staff member....