Results 5,821-5,840 of 27,019 for speaker:Michael Noonan

European Council Meetings (23 May 2012)

Michael Noonan: What I am saying is not pie in the sky. There has been a change in the debate in Europe and it is being driven by France. It is impossible to state at this point what the tangible results will be. There certainly has been at a minimum a huge change in emphasis and a very strong commitment to pursuing a jobs and growth agenda in parallel with balancing budgets in the member countries. When...

European Council Meetings (23 May 2012)

Michael Noonan: This is how the growth and jobs agenda will be developed and this is what the Government will do.

European Council Meetings (23 May 2012)

Michael Noonan: I remember them alright but I am constrained by time. If I have time to answer only two I cannot answer 20. It is simple arithmetic.

European Council Meetings (23 May 2012)

Michael Noonan: I had already answered that question. There is no point in answering the same question twice.

European Council Meetings (23 May 2012)

Michael Noonan: You did not like the answer and you want me to give a different one.

National Asset Management Agency (23 May 2012)

Michael Noonan: I am advised by NAMA that it plans to invest substantial funding over its lifetime in preserving and enhancing the assets that secure its loans, including significant investment in assets located in Ireland, and that a substantial portion of its cash reserves will be used for this purpose. In fact, the chairman of NAMA today announced plans to invest €2 billion by 2016. By the end of...

National Asset Management Agency (23 May 2012)

Michael Noonan: It is not the same €2 billion, but an additional €2 billion.

National Asset Management Agency (23 May 2012)

Michael Noonan: NAMA feels it can fulfil this commitment and-----

National Asset Management Agency (23 May 2012)

Michael Noonan: ----- it has the resources to do it.

National Asset Management Agency (23 May 2012)

Michael Noonan: On Deputy Doherty's question, based on this morning's statement by the NAMA chairman, Mr. Frank Daly, my understanding is that the money about which he was talking is to be spent in Ireland. The Deputy will be familiar with the types of projects already. For example NAMA invested in refitting the cinemas in The Square in Tallaght. They are now open and employing 80 people. Previously it...

National Asset Management Agency (23 May 2012)

Michael Noonan: It will be a question of how it works out. NAMA now has employees with significant experience in property development. It would be unreasonable to suggest just running the property portfolio and selling everything if by investing a few million euro it were possible to double the price that could be achieved on the sale. That should form part of what a property management company should do...

Tax Collection (23 May 2012)

Michael Noonan: I thank Deputies Mac Lochlainn and Doherty for raising this matter. I believe it would be entirely inappropriate for me to comment on any alleged or perceived dispute between Revenue and an individual taxpayer or business. For reasons of taxpayer confidentiality, Revenue cannot disclose details of or comment publicly on the specific affairs of any individual business or taxpayer, which is...

Tax Collection (23 May 2012)

Michael Noonan: Usually the sheriff arrives only after many other approaches have been made by Revenue. It is usually a recourse of last resort. If I may suggest it, the Deputies are entitled under law to make representations to Revenue on behalf of a constituent. There is nothing improper in that as has been made clear on a number of occasions. The Deputies should probably talk in the first instance to...

Written Answers — Tax Code: Tax Code (23 May 2012)

Michael Noonan: The Deputy may be aware that a working group was set up between officials of my Department, the IRHA and members of the Oireachtas. This working group is discussing a number of issues of concern to the haulage industry. Among the issues examined by the group is an essential user's rebate system. I should point out that a fuel rebate system, as sought by the IRHA, could not under EU law be...

Written Answers — European Central Bank Loans: European Central Bank Loans (23 May 2012)

Michael Noonan: The sizeable expansion in the ECB's balance sheet since this crisis began which manifested itself most recently in the two three year repos exercises, are all designed to stabilise the European banking sector and ensure institutions across the Eurozone are in a position to continue lending into the economy. As a point of clarification, the €1 trillion of lending you refer to was the gross...

Written Answers — Departmental Staff: Departmental Staff (23 May 2012)

Michael Noonan: Please find detailed below the number of Whole Time Equivalents (WTE's) employed in my Department at 30 April 2012: Grade Total Secretary General 1.00 Second Secretary 2.00 Assistant Secretary 5.00 PO 23.00 AP 60.10 AO 13.00 HEO 21.33 EO 22.90 SO 16.60 CO 71.16 Services Officer 19.00 Services Attendant 2.00 Driver 2.00 Grand Total 259.09 The revised Statement of Strategy for...

Written Answers — State Banking Sector: State Banking Sector (23 May 2012)

Michael Noonan: As announced to the House in September last year, I am aware that AIB has held initial preliminary meetings with equity investors who have expressed an interest in potentially acquiring a stake in AIB. Following these discussions, I am informed by the bank that they expect investors will require more visibility on the bank's performance, particularly its asset quality, before discussions move...

Written Answers — Bank Levy: Bank Levy (23 May 2012)

Michael Noonan: The Government remains committed to the objective in the Programme for Government to introduce a bank levy, and is working to ensure this is met during the lifetime of this Government. The Central Bank and Credit Institutions (Resolution) Act 2011 provides for the introduction of such a levy on authorised credit institutions, to be paid into a bank resolution fund. The Act provides that all...

Written Answers — Promissory Notes: Promissory Notes (23 May 2012)

Michael Noonan: As the Deputy is aware, the Government is committed to reviewing the arrangements that were put in place to capitalise IBRC. The purpose of this review is to determine if there is a way to reduce the overall cost to the State. Part of the capitalisation of IBRC was provided using promissory notes as consideration. The Troika has agreed to engage in this process to produce a common paper which...

Written Answers — Tax Code: Tax Code (23 May 2012)

Michael Noonan: The high earner's restriction for individuals on high incomes, who make significant use of certain specified tax reliefs, was announced in Budget 2006 and came into effect from 1 January 2007. The restriction works by limiting the total amount of specified reliefs that a high income individual can use to reduce his or her tax liability in any one tax year. Prior to the introduction of...