Results 8,041-8,060 of 27,945 for speaker:Michael McGrath

Family Home Mortgage Settlement Arrangement Bill 2014: Second Stage [Private Members] (3 Mar 2015)

Michael McGrath: That is the overriding message. Bankruptcy is in place for people with more complicated debt arrangements, including business and related debts. Those who have been able to persuade their secured creditors to approve their PIA proposal have been forced to accept surprisingly small write-offs of secured debts to ensure their proposal is approved by their creditors, with the average...

Family Home Mortgage Settlement Arrangement Bill 2014: Second Stage [Private Members] (3 Mar 2015)

Michael McGrath: The Government should allow this Bill to be teased out in much greater detail on Committee and Report Stages. There is a fundamental flaw in the insolvency service as it is constituted. We have to accept that it is not working. The overarching State response to the mortgage crisis was the establishment of an independent statutory insolvency service. That service is not functioning because...

Family Home Mortgage Settlement Arrangement Bill 2014: Second Stage [Private Members] (3 Mar 2015)

Michael McGrath: At the end of the day, the Government allows the banks to call all the shots. It is allowing the banks to dress up threatening legal letters as so-called "solutions" under the mortgage arrears targets programme. The banks are sending threatening legal letters in order to claim they have fulfilled their responsibility to offer a sustainable solution. The Government is allowing the banks to...

Family Home Mortgage Settlement Arrangement Bill 2014: Second Stage [Private Members] (3 Mar 2015)

Michael McGrath: That can happen already.

Written Answers — Department of Finance: Financial Services Regulation (3 Mar 2015)

Michael McGrath: 186. To ask the Minister for Finance the reason a company (details supplied), which charges exorbitant rates of interest, is allowed to continue to trade in the State; the steps the Central Bank of Ireland is taking to deal with the issue; and if he will make a statement on the matter. [8745/15]

Written Answers — Department of Finance: Tax Reliefs Cost (3 Mar 2015)

Michael McGrath: 212. To ask the Minister for Finance the approximate cost of allowing persons whose personal circumstances require them to rent out their principal private residence and rent another home for themselves, to offset the cost of the rent they are paying against the rental income they receive, for income tax purposes; and if he will make a statement on the matter. [9113/15]

Written Answers — Department of Finance: Tax Reliefs Cost (3 Mar 2015)

Michael McGrath: 213. To ask the Minister for Finance the amount of income tax paid by landlords in 2013 and 2014 in respect of rental income; and if he will make a statement on the matter. [9114/15]

Written Answers — Department of Finance: Tax Code (3 Mar 2015)

Michael McGrath: 214. To ask the Minister for Finance if he has considered benchmarking the income tax rate paid by returning emigrants against typical rates they had been paying prior to returning to Ireland; the approximate cost of such a scheme; and if he will make a statement on the matter. [9115/15]

Written Answers — Department of Finance: Fiscal Policy (3 Mar 2015)

Michael McGrath: 215. To ask the Minister for Finance the agreed deficit targets that Ireland must reach in 2016, 2017 and 2018; and if he will make a statement on the matter. [9158/15]

Written Answers — Department of Finance: Budget Targets (3 Mar 2015)

Michael McGrath: 216. To ask the Minister for Finance the date by which Ireland must achieve a balanced budget; and if he will make a statement on the matter. [9159/15]

Written Answers — Department of Finance: Mortgage Arrears Rate (3 Mar 2015)

Michael McGrath: 217. To ask the Minister for Finance further to the Household Credit Market Report, published by the Central Bank of Ireland on 25 February 2015, if he will arrange for the county data on mortgages in default (details supplied) to be made available, in tabular form; and if he will make a statement on the matter. [9160/15]

Written Answers — Department of Finance: Government Deficit (3 Mar 2015)

Michael McGrath: 218. To ask the Minister for Finance the impact on the nominal deficit, and the general Government deficit, of growth in gross domestic product exceeding projected levels in 2015 by 1%; and if he will make a statement on the matter. [9161/15]

Written Answers — Department of Environment, Community and Local Government: Private Residential Tenancies Board (3 Mar 2015)

Michael McGrath: 567. To ask the Minister for Environment, Community and Local Government the number of individual landlords registered with the Private Residential Tenancies Board; the number that own one property only, two to five properties and more than five properties; and if he will make a statement on the matter. [9112/15]

Family Home Mortgage Settlement Arrangement Bill 2014: Second Stage (Resumed) [Private Members] (4 Mar 2015)

Michael McGrath: Hear, hear.

Family Home Mortgage Settlement Arrangement Bill 2014: Second Stage (Resumed) [Private Members] (4 Mar 2015)

Michael McGrath: Hear, hear.

Family Home Mortgage Settlement Arrangement Bill 2014: Second Stage (Resumed) [Private Members] (4 Mar 2015)

Michael McGrath: Hear, hear.

Family Home Mortgage Settlement Arrangement Bill 2014: Second Stage (Resumed) [Private Members] (4 Mar 2015)

Michael McGrath: Hear, hear.

Family Home Mortgage Settlement Arrangement Bill 2014: Second Stage (Resumed) [Private Members] (4 Mar 2015)

Michael McGrath: Hear, hear.

Family Home Mortgage Settlement Arrangement Bill 2014: Second Stage (Resumed) [Private Members] (4 Mar 2015)

Michael McGrath: I thank every Deputy who contributed to the debate over the past two nights. I am sure we all agree that we are elected to this House to do what we regard as the right thing. I have no doubt whatsoever that if the Whip was not applied tonight, this Fianna Fáil Private Members' Bill would pass with overwhelming support. If I was generous, the reasons cited by the Government for not...

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Michael McGrath: Thank you Chair, and I welcome Dr. Bacon. Can I make sure that we are connecting the numbers correctly here? Many numbers have been thrown around during the course of different questioning? NAMA paid €31.8 billion for loans with a book value of €74 billion, an overall impairment of about €42 billion. Are we correct in relating that back to the broad estimates, made by...