Results 6,441-6,460 of 27,945 for speaker:Michael McGrath

Committee on Finance, Public Expenditure and Reform: Joint Sub-Committee on Global Corporate Taxation: Assessment of Measures Relating to Corporation Tax in Ireland: Discussion (17 Jun 2014)

Michael McGrath: My final question concerns our corporation tax competitiveness as a country. While there is an important debate taking place in Ireland on the amount of tax multinationals pay and the role Ireland might play in multinationals reducing their corporation tax bills, it seems that our nearest neighbour and competitor, the United Kingdom, has significantly upped its game in terms of its...

Written Answers — Department of Finance: Universal Social Charge Yield (18 Jun 2014)

Michael McGrath: 33. To ask the Minister for Finance the yield in each year since the universal social charge was introduced, including the 45% rate of USC that applies to the employees of financial institutions that have received financial support from the State and receive performance related bonus payments, if the provision still applies; and if he will make a statement on the matter. [26167/14]

Written Answers — Department of Finance: State Investments (18 Jun 2014)

Michael McGrath: 39. To ask the Minister for Finance the use to which the proceeds from the sale of Bank of Ireland preference shares were put; and if he will make a statement on the matter. [26286/14]

Written Answers — Department of Finance: National Pensions Reserve Fund Plans (18 Jun 2014)

Michael McGrath: 40. To ask the Minister for Finance if proceeds from the sale of NPRF's discretionary portfolio will be available for investment in a manner similar to the proceeds from the sale of the directed portfolio; and if he will make a statement on the matter. [26287/14]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Michael McGrath: I welcome the Minister and his officials and thank him for his opening statement. Continuing from where the Chairman left off on country specific recommendations, does Ireland have issues with the recommendations made by the European Commission in the report? Is it the Minister's intention to address all of the issues raised or does he take issue with any of the points the Commission has made?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Michael McGrath: Certainly, there are common themes running through the report and the report of European Commission staff. The IMF's report was released today. These issues are not on the agenda, but many of them run through all of these documents. Let me take the Minister to the issue of the public finances and the excessive deficit procedure which is dealt with in the country specific recommendations....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Michael McGrath: Is it the Minister's position at this stage - I appreciate that we are still a number of months away from the budget and that there will be a lot of discussion and analysis - that if there is some headroom, if he can stay within the 3% deficit figure with an adjustment of less than €2 billion, that is his intention?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Michael McGrath: For the record, I support the Minister's approach on the budget and the public finances because I fully appreciate that we have to stick to the deficit limit. There is no choice in that matter and we need to do what is required to achieve that. If that can be secured with considerably less than the €2 billion adjustment, we should do so. We have heard trenchant views from the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Michael McGrath: Sticking to the public finances, our medium-term objective is to have a balanced budget in structural terms by 2018. The Irish Fiscal Advisory Council made the point that that is an unnecessarily short period in which to achieve a balanced budget. Today, the IMF said that it could require a fiscal adjustment of about €7.5 billion between now and then in order to achieve that. Does...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Michael McGrath: Is it the Department of Finance's analysis that, beyond October's budget, if the growth forecasts are achieved there will not be a need for any additional fiscal consolidation between now and 2018, and that the structural balance will be achieved through growth?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Michael McGrath: Does the Minister intend to raise at ECOFIN the deal for Ireland on bank debt retroactive recapitalisation under the banking union or any other business? We are now approaching the second anniversary of the agreement by Heads of State and Government to separate the sovereign debt from banking debt. To say the least, however, there has been considerable delay in implementing that in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Michael McGrath: The Minister is giving me many reasons it will not happen.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Michael McGrath: It is all negative, so, in terms of getting the deal.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Michael McGrath: Is the Minister acknowledging that it has become more difficult due to the change in circumstances? That is the tenor of what he is saying.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Michael McGrath: The Minister is not committed to applying for it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Michael McGrath: The Minister used the word "whether". Surely there is no "whether" about it. We will be applying.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Michael McGrath: There is no "whether" about doing it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Michael McGrath: I know, but we want to benefit from winning the argument.

Written Answers — Department of Finance: Credit Unions Regulation (19 Jun 2014)

Michael McGrath: 45. To ask the Minister for Finance if the Central Bank of Ireland is conducting an inquiry into certain matters at a credit union (details supplied) in Dublin 3; and if he will make a statement on the matter. [26494/14]

Written Answers — Department of Health: Medical Aids and Appliances Provision (19 Jun 2014)

Michael McGrath: 175. To ask the Minister for Health if he will ensure that a vital item of equipment is provided to a child with special needs (details supplied) in County Cork as quickly as possible; and if he will make a statement on the matter. [26402/14]