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Financial Institutions Support Scheme. (11 Dec 2008)

Kieran O'Donnell: The problems in the banking system arose because there were technical problems which required knowledge of derivatives and in-depth knowledge of banking. The people the Minister has appointed are excellent people in their own field but I question their lack of banking experience. Is the Minister satisfied they will have adequate knowledge to deal with issues? On the question of their...

Financial Institutions Support Scheme. (11 Dec 2008)

Kieran O'Donnell: The Minister misunderstood the questions. The gentlemen in question are excellent in their fields of expertise. However, this is an unprecedented situation. Will they be reporting to the Minister? Is he giving them a mandate for small businesses? It is of no benefit if directors are put on the boards in the public interest just for the sake of it.

Financial Institutions Support Scheme. (11 Dec 2008)

Kieran O'Donnell: That is not quite the case.

Banking Sector Regulation. (11 Dec 2008)

Kieran O'Donnell: In terms of the European Investment Bank funding, the banks have provided business plans. What measures does the Minister propose to ensure the banks access this funding? The critical issue is that funding is provided. In line with what Deputy Burton has said on venture capitalists, has the Minister had discussions with institutional investors in Ireland regarding a consortium to invest in...

Banking Sector Regulation. (11 Dec 2008)

Kieran O'Donnell: Irish investors.

Written Answers — Tax Yield: Tax Yield (11 Dec 2008)

Kieran O'Donnell: Question 69: To ask the Minister for Finance when he proposes to introduce a supplementary budget for 2009 in view of the decline in Exchequer tax receipts to date in 2008; and if he will make a statement on the matter. [45381/08]

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (11 Dec 2008)

Kieran O'Donnell: Question 68: To ask the Minister for Finance the measures he proposes to ensure that the recapitalisation of the banks will ensure that credit is provided to businesses and consumers; and if he will make a statement on the matter. [45382/08]

Finance (No. 2) Bill 2008: Report and Final Stages (16 Dec 2008)

Kieran O'Donnell: There are proportional scales in all the other tax areas. Regarding income tax, for example, there is marginal relief above a certain level of income. If the margin between the exemption limit and the amount of income is less than 40%, there is marginal relief. The same applies to PRSI where there is an exemption limit and people are taxed at 4% above that rate. Furthermore, the health...

Finance (No. 2) Bill 2008: Report and Final Stages (16 Dec 2008)

Kieran O'Donnell: The Minister has confirmed this is dealt with as a levy. The Minister himself referred to the lower income paid. The point being made is that the figure of €18,304 was picked because it is the exemption ceiling for PRSI. If someone is on €353 a week rather than €352 a week, that person will pay an extra €600 overall in levies per year. The simple overall point we are making is...

Finance (No. 2) Bill 2008: Report and Final Stages (16 Dec 2008)

Kieran O'Donnell: I wish to speak in support of these amendments. Deputy Burton referred to the point I wish to make in respect of orthodontic treatment. Public provision for orthodontic treatment is not great and is highly limited. Many parents have started their children on courses of orthodontic treatment that can take up to two or three years. They have committed to expenditure that is not of a type...

Order of Business (17 Dec 2008)

Kieran O'Donnell: I understand the industrial development Bill concerns aggregate grants for research and development and also concerns Enterprise Ireland taking over from Shannon Development with regard to indigenous industry in the locality. It is critical that this is brought before the House as a matter of urgency in the context of the recession and, further, in the context of Dell in Limerick. I have...

Order of Business (17 Dec 2008)

Kieran O'Donnell: I would like the Taoiseach to intervene. It is critical that this is brought before the House. The Tánaiste needs to make a statement on her discussions with Michael Dell. There is uncertainty and I would like the Taoiseach to comment.

Order of Business (17 Dec 2008)

Kieran O'Donnell: The Taoiseach should comment because----

Order of Business (17 Dec 2008)

Kieran O'Donnell: I have put it down for the Adjournment debate.

Air Services. (17 Dec 2008)

Kieran O'Donnell: To follow on from what Deputy Breen has said, has the Minister sought a meeting with Dermot Mannion given the media speculation at the weekend with regard to the restoration of the Aer Lingus Shannon-Heathrow route? Will he seek a meeting with his directors on the board of Aer Lingus to ensure there is certainty on this and that we get a date as to when this vital connectivity for Shannon...

Air Services. (17 Dec 2008)

Kieran O'Donnell: Did he tell the Minister anything with regard to the restoration of the route? The Minister should give us details.

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Kieran O'Donnell: In terms of any tax relief there should be equity. We all received the correspondence from the particular Seveso company and it should be looked at by the Minister in terms of equity. On the broader issue of docklands development, in the context of my own constituency in Limerick we have a working dock but we would like to see development of the area as an amenity. The Minister needs to...

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Kieran O'Donnell: I wish to make a point of clarification.

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Kieran O'Donnell: This applies purely to a transfer of a Seveso site in an urban——

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Kieran O'Donnell: I thank the Leas-Cheann Comhairle for his indulgence.

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