Results 4,101-4,120 of 27,019 for speaker:Michael Noonan

Industrial Relations (15 Dec 2011)

Michael Noonan: Deputy Higgins has lectured me and the Taoiseach on several occasions on Question Time about no bonuses to the banks because they have been bailed out by the taxpayer.

Industrial Relations (15 Dec 2011)

Michael Noonan: Now, Deputy Higgins has a different view. Consistency was never his strong point. I would like this matter to be resolved.

Industrial Relations (15 Dec 2011)

Michael Noonan: Deputy Boyd Barrett's position is dishonest.

Industrial Relations (15 Dec 2011)

Michael Noonan: If his position is that no bonuses should be paid to staff in banks because it uses taxpayers' money-----

Industrial Relations (15 Dec 2011)

Michael Noonan: -----the Deputy cannot come back and demand the payment of bonuses. If Deputy Boyd Barrett admitted to his own inconsistency, we would do our best to resolve the issue.

Industrial Relations (15 Dec 2011)

Michael Noonan: There are no games being played.

Industrial Relations (15 Dec 2011)

Michael Noonan: The Deputies opposite are the people who rant and rave about bonuses.

Industrial Relations (15 Dec 2011)

Michael Noonan: They have done so on several occasions.

Industrial Relations (15 Dec 2011)

Michael Noonan: I am glad Deputy Higgins is more moderate in his approach today. However, he has put great pressure on the banking system and the Government not to pay bonuses. Now we are not paying bonuses and he wants to reverse it. Will he tell me what he wants?

Industrial Relations (15 Dec 2011)

Michael Noonan: Do the Deputies opposite want us to pay bonuses to the people they select?

Industrial Relations (15 Dec 2011)

Michael Noonan: What diversion? Check the record.

Written Answers — Tax Reliefs: Tax Reliefs (15 Dec 2011)

Michael Noonan: Sections 472A and 88A of the Taxes Consolidation Act 1997 provide tax incentives for both employers and employees, to help the long-term unemployed to return to employment. The relief under Section 472A, known as the Revenue Job Assist scheme, allows qualifying employees, in addition to their normal tax credits, to claim certain income deductions, including additional deductions for...

Written Answers — Tax Reliefs: Tax Reliefs (15 Dec 2011)

Michael Noonan: The maximum amount that can be raised by a company in a 12 month period under the Business Expansion Scheme (BES) is €1.5m. The lifetime amount that can be raised by a company under BES is €2m. Relief at the individual's marginal rate of tax can be claimed by a qualifying individual who invests in eligible shares. These amounts were not changed in Budget 2012. However, no relief will...

Written Answers — Tax Code: Tax Code (15 Dec 2011)

Michael Noonan: Legal advice has indicated that proposals to exempt from VAT service companies that export more than 90% of their output may not be in accordance with EU VAT law.

Written Answers — Departmental Expenditure: Departmental Expenditure (15 Dec 2011)

Michael Noonan: I refer the Deputy to the Comprehensive Expenditure Report 2012 - 2014 (Part IV Estimate of Supply Services, page 151), which was published recently by my colleague the Minister for Public Expenditure and Reform and which contains the details requested.

Written Answers — Banking Sector Regulation: Banking Sector Regulation (15 Dec 2011)

Michael Noonan: I propose to take Questions Nos. 61, 67 and 72 together. As I indicated in my reply to questions nos. 82 and 83 of 14 December 2011 (refs 40290/11 and 40334/11) - on the same subject, I am advised by the institutions involved that the payments in question are considered bonus payments as per their description in the relevant contracts. On this basis, as the conditions governing the provision...

Written Answers — Mineral Oil Licences: Mineral Oil Licences (15 Dec 2011)

Michael Noonan: I am advised by the Revenue Commissioners that it is the person who sells, delivers or deals in mineral oil on a premises for use as a propellant, that must be licensed in respect of that premises. Sections 101(1) and 102(1)(d) Finance Act 1999 refer: Section 101(1), There shall be charged, levied and paid on a licence granted by the Commissioners to be taken out annually by every person who...

Written Answers — Tax Reliefs: Tax Reliefs (15 Dec 2011)

Michael Noonan: Section 13 of Finance Act 2011 provided for income tax relief at the standard rate for expenditure incurred by individuals on a range of works carried out to improve the energy efficiency of residential premises situated in the State. The underpinning legislation for the scheme was subject to Commencement Order. However, that legislation, on review, was found to have flaws and would have...

Written Answers — Fiscal Policy: Fiscal Policy (15 Dec 2011)

Michael Noonan: Table 2.1 of the Medium-Term Fiscal Statement (MTFS) set out the overall levels of consolidation that it is estimated are required to adhere to the General Government deficit targets for each of the years 2012-2015 as set by the ECOFIN Council in December 2010. While the real GDP growth forecast for 2012 was marginally revised downwards in Budget 2012 relative to the MTFS, to 1.3 per cent...

Written Answers — Tax Reliefs: Tax Reliefs (15 Dec 2011)

Michael Noonan: As I stated in my Budget speech, the Government has now fulfilled its commitment contained in the Programme for Government to increase the rate of mortgage interest relief to 30 per cent for first-time buyers who took out their first mortgage in that period. I will be looking at the technical detail of the legislation in preparation for the Finance Bill and I will take the highlighted case...