Results 6,101-6,120 of 27,019 for speaker:Michael Noonan

European Stability Mechanism Bill 2012: Report and Final Stages (20 Jun 2012)

Michael Noonan: I move amendment No. 11: In page 29, line 19, to delete "MOI" and substitute "mheán-olltáirgeacht intíre".

European Stability Mechanism Bill 2012: Report and Final Stages (20 Jun 2012)

Michael Noonan: I move amendment No. 12: In page 29, line 20, after "mhargadhphraghsanna," to insert "ansin".

European Stability Mechanism Bill 2012: Report and Final Stages (20 Jun 2012)

Michael Noonan: I move amendment No. 13: In page 29, line 23, to delete "é" and substitute "í".

European Stability Mechanism Bill 2012: Report and Final Stages (20 Jun 2012)

Michael Noonan: I move amendment No. 14: In page 31, line 4, to delete "suibscríbhinní" and substitute "suibscríobhanna".

European Stability Mechanism Bill 2012: Report and Final Stages (20 Jun 2012)

Michael Noonan: I move amendment No. 15: In page 31, line 5, to delete "suibscríbhinní" and substitute "suibscríobhanna".

European Stability Mechanism Bill 2012: Report and Final Stages (20 Jun 2012)

Michael Noonan: I move amendment No. 16: In page 33, line 2, to delete "Suibscríobh an stoic chaipitiúil údaraithe" and substitute "Suibscríobhanna leis an stoc caipitiúil údaraithe".

European Stability Mechanism Bill 2012: Report and Final Stages (20 Jun 2012)

Michael Noonan: I move amendment No. 17: In page 33, to delete lines 3 and 4 and substitute the following: " " An Comhalta de SCE Líon na scaireanna Suibscríobh caipitiúil (EUR) ".

European Stability Mechanism Bill 2012: Report and Final Stages (20 Jun 2012)

Michael Noonan: We had a constructive debate on the importance of the European Stability Mechanism Bill as it passed through Second, Committee and Report Stages. I thank the Ceann Comhairle and the Deputies who contributed to the debate, as well as the officials involved in the passage of the Bill through the House. Ireland's ratification of the ESM treaty is important, not only to facilitate, in the public...

Written Answers — Tax Code: Tax Code (20 Jun 2012)

Michael Noonan: I am informed by the Revenue Commissioners that as they do not capture data on the overall net cost of childcare there is, therefore, no statistical basis on which they can provide an estimate of the cost of making childcare tax deductible. In these circumstances, it is not possible to extrapolate the potential net cost to the Exchequer of the proposal. I would have some concerns about the...

Written Answers — Currency Circulation: Currency Circulation (20 Jun 2012)

Michael Noonan: I am informed by the Central Bank that the Bank continues to redeem Irish pound banknotes, which ceased to be legal tender on 9 February 2002. As of 31 December 2002, notes to the value of €299.7 million were outstanding. With the approval of the Board of the Bank, a provision of €60 million was created in respect of future redemptions. The balance of €239.7 million, which it was...

Written Answers — National Asset Management Agency: National Asset Management Agency (20 Jun 2012)

Michael Noonan: As the deputy is aware NAMA has acquired loans from the five participating institutions and is not the owner/operator of properties. The Agency's role is that of a secured lender. Other than properties that have been enforced, all of which are listed on NAMA's website and which are managed by the appointed receivers/administrators, properties continue to be managed by their existing owners...

Written Answers — Betting Regulations: Betting Regulations (20 Jun 2012)

Michael Noonan: The Finance Act 2011 provides for the taxation of bets that remote bookmakers enter into with persons in the State. This means, for example, that a business which engages in online bookmaking and which accepts bets from people in this country will be liable for betting duty on those bets, irrespective of where that business is based. The existing betting duty (1%) will be applied to such...

Written Answers — Mortgage Interest Relief: Mortgage Interest Relief (20 Jun 2012)

Michael Noonan: The position is that mortgage interest relief is only available in respect of interest paid by an individual on a loan used by that individual for the purchase, repair, development or improvement of his/her sole or main residence. However, it should be noted that an individual who rents out their residential property may be allowed a deduction, subject to certain conditions, in computing the...

Written Answers — Dormant Accounts Fund: Dormant Accounts Fund (20 Jun 2012)

Michael Noonan: I have been informed by the Central Bank of Ireland that a review of all Dormant Account Holders, under the remit of the Bank, is currently ongoing. The Bank has to date received a number of completed reviews covering specific institutions and a further number of reviews are scheduled to be completed later in the year. The Bank will submit a report to both me and my colleague, the Minister...

Written Answers — General Government Deficit Adjudication: General Government Deficit Adjudication (20 Jun 2012)

Michael Noonan: In July 2011, a net amount of €16.5 billion was injected into Irish financial institutions. Following an examination of the nature of the transactions by the Central Statistics Office and Eurostat, €5.8 billion of the €16.5 billion injected was classified as a deficit-increasing capital transfer in the Maastricht Returns in March 2012. However, the recapitalisation of July 2011 was...

Written Answers — Irish Fiscal Advisory Council: Irish Fiscal Advisory Council (20 Jun 2012)

Michael Noonan: Additional resources will be available to the Irish Fiscal Advisory Council when it is put on a statutory footing. The Council was allocated a grant-in-aid of €650,000 in the Revised Estimates Volume for 2012. The General Scheme of a Bill to be called the Fiscal Responsibility Bill 2012, which I published on the 26th of April 2012 in the context of providing information for the referendum...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (20 Jun 2012)

Michael Noonan: As you will be aware, a key component of the Financial Measures Programme (FMP) is the establishment of transparent deleveraging plans to reduce the Irish banking system to a manageable size and to stabilise its funding base. The Central Bank has agreed with the External Partners that a sustainable Loan to Deposit Ratio for the aggregate domestic banking system is 122.5%. Total deleveraging...

Written Answers — Banks Recapitalisation: Banks Recapitalisation (20 Jun 2012)

Michael Noonan: I have been informed by the covered banks that their wholesale funding maturity needs should be met as follows in the next two years: IBRC: IBRC is a non-pillar bank that had the majority of its deposits transferred to AIB in 2011 by Ministerial order. As a result, IBRC is heavily reliant on official sources for its funding. Any wholesale maturities that come due are met from either the...

Written Answers — Banking Sector Redundancies: Banking Sector Redundancies (20 Jun 2012)

Michael Noonan: The state owned banks have supplied the relevant information as follows: PTSB: PTSB have informed me that they are not in a position to answer this question as they have not finalised their redundancy plans. IBRC: IBRC have informed me that as part of IBRC's progress towards wind down, the Bank is currently operating redundancy schemes in its Irish, UK and US operations. The redundancy...

Written Answers — Economic Growth: Economic Growth (20 Jun 2012)

Michael Noonan: While the economy is growing again, it will take time for export growth to feed through to the labour market and the domestic economy. This is because it will take households, firms, and government time to work through the imbalances which had built up during the boom. The Government is acutely aware of the headwinds which the domestic economy faces in this regard. We have therefore taken a...