Results 6,341-6,360 of 27,019 for speaker:Michael Noonan

Written Answers — Departmental Funding: Departmental Funding (10 Jul 2012)

Michael Noonan: In response to the Deputy's question the following table lists bodies which received monies from my Department in the period in question. List of bodies who received funding in period 2009 to 2011 Year Quango or non governmental organization in receipt of Funding from the Department of Finance 2009 International Association for Research in Income and Wealth (IARIW) *Irish Economic...

Written Answers — Bank Debt Restructuring: Bank Debt Restructuring (10 Jul 2012)

Michael Noonan: Unfortunately, it has not been possible to get the information from the covered institutions in the timeframe allowed by the Question. I will write to the Deputy in the near future with information provided by the institutions.

Written Answers — Banking Sector Regulation: Banking Sector Regulation (10 Jul 2012)

Michael Noonan: I propose to take Questions Nos. 113 and 132 together. Libor is an average interest rate compiled by the British Bankers Association (BBA) based on estimates provided by a number of banks of what they would be charged if borrowing from other banks. Along with Euribor, it is a benchmark for interest rates around the world. Additionally Libor and Euribor are commonly used as reference rates...

Written Answers — Banking Operations: Banking Operations (10 Jul 2012)

Michael Noonan: I am fully aware of the negative impact that Ulster Bank's technical problems are having on the bank's personal and business banking customers throughout the country. This issue has been ongoing for far too long at this stage and the Bank is fully aware of my position in terms of the need to have the matter resolved as a priority. The Central Bank is closely monitoring the situation to...

Written Answers — Departmental Staff: Departmental Staff (10 Jul 2012)

Michael Noonan: There were a total of 29 NTMA employees across all its business areas including NAMA who took greater than 5 days sick leave in 2011. Greater than 5 days - 17 employees Greater than 10 days - 4 employees Greater than 15 days - 4 employees Greater than 20 days - 4 employees I am informed by the Revenue Commissioners that they are not in a position to provide a detailed reply on this matter...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (10 Jul 2012)

Michael Noonan: AIB: I am advised that the incidences of persons declaring bankruptcy in other jurisdictions are uncommon for AIB. Notwithstanding this, AIB considers each action on a case by case basis and will adopt an approach which best protects AIB's financial and legal position as it seeks to recover outstanding amounts owed regardless of the jurisdiction involved. PTSB: I am advised that PTSB also...

Written Answers — National Asset Management Agency: National Asset Management Agency (10 Jul 2012)

Michael Noonan: As an entity with a commercial mandate, the management of NAMA's cash position is first and foremost a matter for the board and management of NAMA. In managing its liquidity needs, NAMA must ensure that it has available liquidity over the medium term to meet all of its contractual obligations as they fall due. Such obligations, as outlined, include its day-to-day operating costs, investment...

Written Answers — Commercial Leases Database: Commercial Leases Database (10 Jul 2012)

Michael Noonan: I understand that a Commercial Leases Database and a database of residential property sales prices is currently being considered by the newly-established Property Services Regulatory Authority, which does not fall under the auspices of the Department of Finance. I understand the primary purpose of the Commercial Leases Database will be to ensure that accurate information will be available...

Written Answers — Credit Unions Regulation: Credit Unions Regulation (10 Jul 2012)

Michael Noonan: In my response the Parliamentary Question No 58 of 20 June 2012 I stated that expressions of interest had been sought for appointment to the Credit Union Restructuring Board (the ReBo). The closing date for receipt of applications was 8 June. The process of identifying suitable candidates to sit on this Board is currently taking place within my Department and it is envisaged that the ReBo...

Written Answers — National Asset Management Agency: National Asset Management Agency (10 Jul 2012)

Michael Noonan: NAMA advises that, in circumstances in which it has entered into consensual arrangements with a debtor, all creditor claims, including those of unsecured creditors who hold no security or other attachment to the assets held by that debtor, are assessed on a case by case basis in the context of managing such assets to realise maximum return to the taxpayer. NAMA is not prescriptive as to when...

Written Answers — Tax Code: Tax Code (10 Jul 2012)

Michael Noonan: I am advised by the Revenue Commissioners that Section 81AA of the Stamp Duties Consolidation Act 1999 provides an exemption from Stamp Duty on the transfer of agricultural land to a farmer who is:

Written Answers — Tax Code: Tax Code (10 Jul 2012)

Michael Noonan: a) Under 35 years of age and b) The holder of certain educational qualifications. In the case of a joint purchase by a father and son, both must satisfy these conditions. On the basis of the information presented, stamp duty would be payable as both joint purchasers do not, it appears, satisfy the necessary conditions. Additionally, it would be necessary to have more details regarding the...

Written Answers — Fuel Rebate Scheme: Fuel Rebate Scheme (10 Jul 2012)

Michael Noonan: As the Deputy is aware a working group was set up between officials of my Department, the IRHA and members of the Oireachtas. This working group had a series of meetings to discuss issues of concern to the haulage industry. I have recently received a submission from the group and I am considering the matters raised. I note the recent trend in falling oil prices and I hope that this continued...

Written Answers — Tax Collection: Tax Collection (10 Jul 2012)

Michael Noonan: I propose to take Questions Nos. 123 to 125, inclusive, together. I am informed by the Revenue Commissioners that taxpayers are required, under the self-assessment tax system, to supply details each year of foreign-sourced pensions, both Social Security and Occupational, to Revenue. Taxpayers, however, are not required to separately identify the country of origin of pension income on tax...

Written Answers — Health Insurance: Health Insurance (10 Jul 2012)

Michael Noonan: I propose to take Questions Nos. 126 and 127 together. I must ensure that Irish Life is run on a commercial, cost effective and independent basis to maximise value for the State. I recognise that Irish Life remains a separate economic unit with independent powers of decision and that its board and management team retain responsibility and authority for determining the Company's strategy and...

Written Answers — Tax Code: Tax Code (10 Jul 2012)

Michael Noonan: It is assumed for the purposes of answering this question that the single person is a PAYE worker in the private sector who would receive the basic tax credits and standard bands of tax, appropriate for an employee earning €42,000 per annum in 2012. The amount of PAYE income tax, Universal Social Charge (USC), and employee PRSI that person would pay is €10,707. The calculation is outlined...

Written Answers — State Debt: State Debt (10 Jul 2012)

Michael Noonan: As I stated last week in the Dáil during Oral questions, the announcement following the euro area summit in Brussels at end-June represents a major shift in European policy in terms of breaking the link between recapitalising the banks and the sovereign, a policy change that I have repeatedly pressed for at EU meetings. This message has been echoed by the Taoiseach, the Tánaiste and other...

Written Answers — Departmental Statistics: Departmental Statistics (10 Jul 2012)

Michael Noonan: The CSO will publish the Quarterly National Accounts for Quarter 1 2012 on Thursday 12 July 2012.

Written Answers — Tax Code: Tax Code (10 Jul 2012)

Michael Noonan: I propose to take Questions Nos. 131 and 136 together. I have stated in the past my view that, if a financial transactions tax (FTT) cannot be introduced on a global basis, it would be better if it were introduced at least on an EU-wide basis. This would prevent any distortion of activity within the Union. The Deputy will be aware that following the ECOFIN meeting on 22 July, the Commission's...

Written Answers — Bank IT Systems: Bank IT Systems (10 Jul 2012)

Michael Noonan: I have been informed by the Central Bank that, in conjunction with the Financial Services Authority in the UK, they will undertake a review of the IT failure which arose in Ulster Bank. This review will include a focus on lessons learned which will then be utilised in the Bank's on-going oversight of operational risks faced by all banks. In addition, the Irish Payments Services Organisation...