Results 6,841-6,860 of 15,555 for speaker:Eoghan Murphy

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (24 Nov 2016)

Eoghan Murphy: We talked about-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (24 Nov 2016)

Eoghan Murphy: We did not actually talk about it as a question. I mentioned the €50 figure in an earlier exchange. One of the things I was able to do during this work was to take an in-depth with an actuary into how premiums are calculated and all the different metrics that go into the calculation, including a person's credit rating potentially, which happens in other jurisdictions, the colour of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (24 Nov 2016)

Eoghan Murphy: I will check with my officials to see whether a body such as Insurance Ireland has produced anything to back up the figure of €50 put on the level of fraud. I understand the industry is looking at what is happening internationally. I disagree with the Deputy; we should absolutely use the industry's figures. If it states the figure is €50, we should say we will tackle the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (24 Nov 2016)

Eoghan Murphy: The rationale the industry has given is that it cannot know how many fraud cases will get through but that it has ways to calculate the figure. It has mentioned a figure of 1%. I am not saying I am satisfied with this answer from it, but there are a number of recommendations emerging that speak to how we can combat fraud such as looking at the sections of the Civil Liabilities and Courts...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (24 Nov 2016)

Eoghan Murphy: Given the spikes we have seen, €50 is not a significant element. We have spoken about information and data being central to everything. Some companies claim €130 is added to every premium because of the high prevalence of whiplash claims and the high awards made. Various figures are added, including €35 for uninsured driving and €50 to €55 in respect of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (24 Nov 2016)

Eoghan Murphy: That is a very important point. It was strongly made within the working group - by one of the subgroups that is examining the claims element of it - in the context of ensuring that we would not do anything that would undermine the protections that are currently in place. The point of insurance companies is to pay out on claims. That is why they exist and that is why we have insurance. It...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Costs of Motor Insurance: Discussion (Resumed) (24 Nov 2016)

Eoghan Murphy: I thank the Vice Chairman.

Statute Law Revision Bill 2016 [Seanad]: Second Stage (29 Nov 2016)

Eoghan Murphy: I move: "That the Bill be now read a Second Time." I am delighted to bring the Statute Law Revision Bill 2016 to the House. The purpose of the legislation is to repeal spent and obsolete public general Acts enacted between 1922 and 1950. As the first comprehensive review of Acts enacted by the Oireachtas, this Bill will result in a significant reduction in the size of the Statute Book...

Flood Insurance Bill 2016: Second Stage [Private Members] (29 Nov 2016)

Eoghan Murphy: I thank Deputy Michael McGrath for introducing this Private Members' Bill on the topic of flood insurance. It is an issue I understand well because it affects my constituency, Dublin Bay South. The Minister of State, Deputy Seán Canney, will also speak on the work being done by the OPW to improve flood defences and the corresponding knock-on benefits for increased flood cover....

Secure Rents and Tenancies Bill 2016: Second Stage [Private Members] (30 Nov 2016)

Eoghan Murphy: Earlier, the Minister, Deputy Coveney, outlined the Government's absolute commitment to resolving our national housing crisis. That crisis is affecting all parts of the housing sector, including the rental sector. Our approach must, therefore, be holistic and founded on the realisation that all parts of the housing sector are interlinked and interdependent. It was precisely because of rent...

Statute Law Revision [Seanad] Bill 2016: Second Stage (Resumed) (30 Nov 2016)

Eoghan Murphy: I thank the Deputies for their contributions to this debate. Statute law revision is a very interesting and important piece of work. Taking the contributions made by Deputies in the course of our discussion on Second Stage yesterday evening and Deputy Ó Snodaigh's continued contribution this evening, one can look back at these Acts seeking parallels with the present day. One can find...

Statute Law Revision Bill 2016 [Seanad]: Referral to Select Committee (30 Nov 2016)

Eoghan Murphy: I move:That the Bill be referred to the Select Committee on Finance, Public Expenditure and Reform, and Taoiseach pursuant to Standing Orders 84A(3)(a) and 149(1).

Seanad: Commencement Matters: VAT Payments (30 Nov 2016)

Eoghan Murphy: I am pleased to have the opportunity to speak on the question of the VAT cash basis system, on behalf of the Minister for Finance. I thank the Senator for raising the issue. VAT is an EU tax and Irish VAT law is governed by the EU VAT directive. In respect of accounting systems, the VAT directive provides that VAT must generally be accounted for on an invoice basis, that is, VAT is payable...

Seanad: Commencement Matters: VAT Payments (30 Nov 2016)

Eoghan Murphy: I understand the Senator's point. I appreciate that he tabled his proposals in the best interests of businesses. The Government is conscious of the needs of business, particularly at present. However, increasing the threshold would cost the Exchequer €45 million but would benefit only 636 businesses. A cost of €70,000 for each of those businesses cannot be justified given...

Seanad: Commencement Matters: Tax Code (6 Dec 2016)

Eoghan Murphy: I thank Senator Richmond for raising the issue and giving me the opportunity to update the House on the matter. The Minister, Deputy Noonan, and I were surprised and disappointed to learn in September that the Brazilian Federal Revenue Service had, without warning, added Ireland to Brazil's tax blacklist. The operation of the listing was initially backdated to 1 August but it was...

Seanad: Commencement Matters: Tax Code (6 Dec 2016)

Eoghan Murphy: I thank the Senator for raising the matter. The Irish Government takes this issue very seriously. As Minister of State with responsibility for international financial services, I take the matter seriously. We have done a lot of work in recent weeks and months with the various stakeholders involved to make sure that we can progress this issue and get a satisfactory outcome for all concerned.

Seanad: Commencement Matters: Public Procurement Contracts Social Clauses (7 Dec 2016)

Eoghan Murphy: Public procurement is governed by the EU treaty, EU directives, regulations and national guidelines. These set down rules whereby contracting authorities must award contracts under procedures designed to achieve value for public money in an open, transparent and non-discriminatory competitive process. The rules recognise that public procurement can be used to promote wider economic, social...

Seanad: Commencement Matters: Public Procurement Contracts Social Clauses (7 Dec 2016)

Eoghan Murphy: There is nothing standing in the way of a local authority introducing social clauses into its procurement contracts. Local authorities procure a significant amount of goods, services and capital works and have been doing so for decades. They have the resources where they want to or should introduce a social clause based on the information already in the public domain and on what the OGP has...

Seanad: Commencement Matters: Public Procurement Contracts Social Clauses (7 Dec 2016)

Eoghan Murphy: I cannot now but centralising the procurement function in government is a relatively new enterprise undertaken by the last Government. It is doing incredible work in finding value for money, making sure we are not just chasing the bottom line when we procure but that we take into account other factors in procurement contracts and in rolling out pilot projects under social clauses. As the...

Seanad: Finance Bill 2016: Committee Stage (7 Dec 2016)

Eoghan Murphy: As the Minister for Finance said in his budget speech, high marginal tax rates act as a break on employment. They discourage people from taking jobs and emigrants from returning. Resources available to the Minister in this budget were limited. In line with the programme for Government, he has chosen to focus the budget 2017 income tax package on low and middle income earners, building on...