Results 7,581-7,600 of 27,019 for speaker:Michael Noonan

Credit Union Bill 2012: Referral to Select Committee (14 Nov 2012)

Michael Noonan: I move:That the Bill be referred to the Select Sub-Committee on Finance pursuant to Standing Order 82A(3)(a).

Written Answers — Department of Finance: Bank Debt Restructuring (14 Nov 2012)

Michael Noonan: I propose to take Questions Nos. 80 and 81 together. To answer the Deputy's questions would necessitate an ability to identify those holders of securities guaranteed by the Irish Government, who were financial institutions with recourse to the German sovereign for support. I refer the Deputy to my previous reply on 13 November 2012 which outlined the difficulties in establishing the...

Written Answers — Department of Finance: Budget 2013 (14 Nov 2012)

Michael Noonan: Budget 2013 is the culmination of a year long budgetary process. The development of the Budget consists of many important elements, including the publication of the Stability Programme Update and the Medium-Term Fiscal Statement. Regarding the Budget, meetings take place throughout the year between my officials and officials of other organizations, such as the NTMA, the Revenue...

Written Answers — Department of Finance: Universal Social Charge (14 Nov 2012)

Michael Noonan: The amount of Universal Social Charge payable per week and per annum by a person on the minimum wage, aged less than 70 and not in receipt of medical card is €10.51 per week and €546.74 per annum. Computation Individual earning the minimum wage, aged less than 70 and not in receipt of a full medical card. Income    €17,542 Universal Social Charge ...

Written Answers — Department of Finance: Promissory Notes (14 Nov 2012)

Michael Noonan: As the Deputy is aware, the Irish Government has been working extremely hard to secure a deal on the Irish bank debt and detailed work will continue to ensure that the positive moves in Europe are harnessed to maximise the benefit to the Irish taxpayer. This is on the back of the Euro Area summit statement of 29 June of this year and the on-going work is one of the Government’s key...

Written Answers — Department of Finance: Bank Debt Restructuring (14 Nov 2012)

Michael Noonan: I propose to take Questions Nos. 85, 99, 103, 107 and 108 together. As I have said previously, the statement by the three Finance Ministers of Germany, Netherlands and Finland on 25 September addressed issues already decided upon by Eurozone leaders when they met in Brussels on 29 June. At that time, the Heads of State or Government stated “that it is imperative to break the...

Written Answers — Department of Finance: Pension Provisions (14 Nov 2012)

Michael Noonan: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Tax Reliefs (14 Nov 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the total number of companies benefiting from the research and development tax credit for 2010, the latest year available, was 1,172 at an estimated Exchequer cost of €224 million. I should highlight that these are provisional figures. Corresponding data cannot yet be provided for 2011 and 2012 as the tax returns for those years are...

Written Answers — Department of Finance: Ministerial Meetings (14 Nov 2012)

Michael Noonan: The primary duty and responsibility of the public interest directors as well as all the other directors is to ensure that the institution on whose board they serve is run properly and appropriately. The responsibility of public interest directors under company law is to the institution on whose board they serve. I work with these covered institutions through the chairpersons of the boards and...

Written Answers — Department of Finance: Tax Yield (14 Nov 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the total payments to the Exchequer resulting from the introduction of Carbon Tax are shown in the following tables. Carbon Tax 2010 2011 2012 (10Mths)   €m €m €m  Auto Diesel 98.41 97.53 107.17  Petrol 65.09 60.11 62.37  Aviation Gasoline   0.04   0.04   0.04 ...

Written Answers — Department of Finance: EU Directives (14 Nov 2012)

Michael Noonan: The taxation of energy products is to a certain extent harmonized at EU level. Directive 2003/96/EC known as the Energy Tax Directive (ETD) refers. The current ETD provides for minimum excise rates of taxation for energy products based on the volume of a product released for consumption. Member States must respect the minimum rates and not tax products below those rates, but are free to set...

Written Answers — Department of Finance: Banking Sector Regulation (14 Nov 2012)

Michael Noonan: I propose to take Questions Nos. 91, 92 and 97 together. In May 2012 the Commission called for a banking union to restore confidence in banks and in the euro. This was reflected in the report on Economic and Monetary Union prepared by the Presidents of the European Council, the Commission, the Eurogroup and the European Central Bank. A complete banking union is understood to combine a...

Written Answers — Department of Finance: Fiscal Policy (14 Nov 2012)

Michael Noonan: I propose to take Questions Nos. 93 and 96 together. In line with normal practice, the Fiscal Council forwarded its September 2012 Fiscal Assessment Report to me just before its publication. The Fiscal Council’s analysis and recommendations were considered in my Department’s preparation of its updated economic and fiscal projections, which will be published this month in the...

Written Answers — Department of Finance: Ministerial Meetings (14 Nov 2012)

Michael Noonan: I propose to take Questions Nos. 94, 98 and 105 together. The following table details recent meetings between the Department of Finance and the Irish Fiscal Advisory Council. Minister/Officials Date of Meeting Nature of Meeting Finance Officials Tuesday, 23rd October 2012 To discuss methodological issues related to the Departments forecasting approach Minister Noonan and 2 Finance...

Written Answers — Department of Finance: European Council Meetings (14 Nov 2012)

Michael Noonan: Arising from the Four Presidents’ Paper on the Economic and Monetary Union was released in June, an interim report was presented by President Van Rompuy to the October European Council. Among other things, the report identified the single supervisory mechanism and the broader banking union as essential building blocks to delivering a genuine Economic and Monetary Union. The report...

Written Answers — Department of Finance: Ministerial Meetings (14 Nov 2012)

Michael Noonan: Since January 2012, I have held two individual meetings with Mr Mario Draghi. In addition, I have ongoing regular interaction with Mr Draghi at Eurogroup meetings and other European meetings.

Written Answers — Department of Finance: European Stability Mechanism (14 Nov 2012)

Michael Noonan: As you will be aware, the Euro Area Summit Statement of 29th June affirmed that it is imperative that the vicious circle between banks and sovereigns be broken. Work is continuing at a technical level to put in place both the single supervisory mechanism, and the European Stability Mechanism’s direct banking recapitalisation facility, at the earliest possible date. Ireland is...

Written Answers — Department of Finance: Budget Submissions (14 Nov 2012)

Michael Noonan: I have received a pre-Budget submission from the Society of St. Vincent de Paul. Its contents will be considered in the context of the forthcoming Budget and Finance Bill. As Deputies are aware it would not be appropriate for me to comment in advance of the Budget on possible Budget decisions. I have met recently with a number of groups as part of the Budget 2013 process. These included the...

Written Answers — Department of Finance: European Financial Stability Facility (14 Nov 2012)

Michael Noonan: European Finance Ministers and Heads of State and Government meet and discuss regularly with their colleagues, including important issues such as economic and financial vulnerabilities. Regarding any need for a bailout, it is ultimately up to the authorities of a country to determine the existence of such a need, request assistance, and to decide on when they draw on said assistance so long...

Written Answers — Department of Finance: Sale of State Assets (14 Nov 2012)

Michael Noonan: Following a competitive procurement process carried out in accordance with relevant national and EU guidelines, the NTMA (acting through its NewERA Unit) has appointed Barclays Bank PLC to provide advice and assistance to the NTMA (acting through its NewERA Unit) and the Ministerial stockholders of Bord Gais Eireann (“BGE”) in relation to the proposed disposal of BGE Energy. ...