Results 6,861-6,880 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Small and Medium Enterprises Supports (3 Oct 2012)

Michael Noonan: I am aware that the UK Business Secretary Vince Cable recently announced his intention to create a Government-backed business bank to help small and medium enterprises, with Government funding of £1 billion. This new institution brings together in one place existing Government finance support for small and mid-sized businesses. It is estimated that it will take between 18 to 24 months...

Written Answers — Department of Finance: Tax Code (3 Oct 2012)

Michael Noonan: It became clear at the ECOFIN meeting in June that the European Commission’s proposal for an EU-wide Financial Transactions Tax (FTT) would not be agreed, and those countries who favour the tax will now try to introduce it by way of "enhanced co-operation", under which at least nine countries must participate. This requires those countries to write to the Commission asking it to...

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: The Government has decided, as part of its obligation under the EU-IMF programme of financial support to Ireland, to introduce an annual recurring property tax. In the latest memorandum of understanding between the Government and the troika, a commitment is given to introducing the tax in the forthcoming budget. The introduction of a property tax has been a condition of the programme since...

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: What alternatives does the Deputy have in mind?

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: Could we hear them?

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: First, we have no intention of raising €1 billion by way of a property tax.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: Second, the implication of the Deputy's question is that he has some alternative tax proposals to raise the amount of money we intend to raise by way of property tax.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: For the purposes of helping the debate, I ask the Deputy to state now what his alternatives are.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: This is all very interesting, but it was the Fianna Fáil-led Government in 2010 that committed to a property tax as outlined in the memorandum of understanding.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: The Deputy knows very well that the only way to move that out of the memorandum of understanding is if tax increases of equal value are substituted.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: That is the thrust of the Deputy's question.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: It is reasonable for me to request more information. What are his alternatives?

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: Otherwise I am simply buying a pig in a poke. If he is serious about this, he should make his alternative suggestions for me to consider. If they appear better than a property tax, we can look at them. At present the Government has decided to introduce a property tax, the details of which will be announced in the budget. It will not raise €1 billion. The Revenue will be responsible...

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: The Government has made decisions as I outlined. In the latest adjustment to the memorandum of understanding with the troika, we have stated that a property tax will be announced in December's budget. That is the firm Government commitment and we are not moving from that. If the Deputy believes he has a convincing way of influencing me to move from that by putting up "gentle" tax increases-----

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: -----to substitute for property tax increases, I would like to hear them.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: I believe he is simply involved in an exercise of bluff.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: The Deputy's party in government brought in the commitment to introduce a property tax and he is now pretending he has some other way that people would not notice or feel to raise €1 billion.

Ceisteanna - Questions - Priority Questions: Budget 2013 (4 Oct 2012)

Michael Noonan: If he has, he should let us know. We would love to hear it.

Ceisteanna - Questions - Priority Questions: Bank Debt Restructuring (4 Oct 2012)

Michael Noonan: The statement by three Finance Ministers from Germany, Netherlands and Finland on 25 September addresses issues already decided upon by eurozone leaders when they met in Brussels on 29 June. The Heads of State or Government made two important decisions at that time. The first was to "affirm that it is imperative to break the vicious circle between banks and sovereigns". The second was:...

Ceisteanna - Questions - Priority Questions: Bank Debt Restructuring (4 Oct 2012)

Michael Noonan: The difficulty with Sinn Féin is that not alone does it predict failure on the part of the Government but it hopes the Government will fail because part of its strategy is to build a political movement on the prospects of the Government failing and people not getting any relief from the burden of the debt. That puts Sinn Féin in an awkward position when pressing its case. If it...