Results 8,061-8,080 of 16,537 for speaker:Brian Lenihan Jnr
- Written Answers — Tax Code: Tax Code (17 Dec 2008)
Brian Lenihan Jnr: I am informed by the Revenue Commissioners that, prior to 31 December 2005, a non-domiciled individual could avail of the remittance basis of taxation in respect of the income from a non-Irish sourced employment. This applied, not only to non-domiciled business executives, but to all non-domiciled individuals working in the State. As the Deputy is aware, that type of remittance basis gave...
- Written Answers — Tax Code: Tax Code (17 Dec 2008)
Brian Lenihan Jnr: I am advised by the Revenue Commissioners that, in common with any trader engaged in taxable activities, property developers engaged in the building and selling of houses are entitled to deduct VAT incurred on their input costs. The position regarding property developers who, having deducted VAT incurred on the development of residential property, subsequently rent rather than sell completed...
- Written Answers — Financial Services Regulation: Financial Services Regulation (17 Dec 2008)
Brian Lenihan Jnr: In my role as the Minister for Finance I have responsibility for the development of the legal framework governing financial regulation. The day-to-day responsibility for the supervision of financial institutions is a matter for the Financial Regulator, which is statutorily independent in the exercise of its regulatory functions. The Financial Regulator is also obliged to treat as confidential...
- Written Answers — Financial Services Regulation: Financial Services Regulation (17 Dec 2008)
Brian Lenihan Jnr: A person is required to make a notification to the issuer and to the Irish Stock Exchange where their shareholding in that issuer, which is admitted to trading on a regulated market, reaches or passes certain percentage thresholds, expressed as a percentage of total voting rights in the capital of the issuer. The relevant threshold for Irish issuers is 3% and each 1% thereafter up to 100%....
- Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (17 Dec 2008)
Brian Lenihan Jnr: The Government's Guarantee Scheme has been successful in safeguarding the stability of the Irish banking sector and in restoring its liquidity position. However, international capital market expectations in relation to capital levels in the banking sector have altered. In my statement on 28 November, I indicated that it would be appropriate for the State in certain circumstances, through...
- Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (17 Dec 2008)
Brian Lenihan Jnr: I have had no formal requests from any of the covered institutions to extend the Guarantee Scheme. However, I have been asked, in various discussions, as to the Government's intentions in this regard. The Guarantee Scheme is less than three months old and will run for two years. The operation of the Scheme will be kept under constant review.
- Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (17 Dec 2008)
Brian Lenihan Jnr: The Financial Regulator recently received reports, prepared by Price Waterhouse Coopers, on the financial and capital position of the institutions receiving support under the Credit Institutions (Financial Support) Scheme. These reports indicated that the capital position of each of the institutions reviewed was in excess of regulatory requirements as at 30 September 2008 and also concluded...
- Written Answers — Departmental Staff: Departmental Staff (17 Dec 2008)
Brian Lenihan Jnr: As indicated in PQ reply of 23 October 2008 (No.84) to Deputy Leo Varadker, the estimated cost of increments awarded to staff in my Department in 2008 was â¬227,000, and is expected to be of the order of â¬171,000 in 2009. These amounts do not include the cost of long service increments which are only payable after satisfactory service of 3 and 6 years at the highest points on incremental...
- Written Answers — Decentralisation Programme: Decentralisation Programme (17 Dec 2008)
Brian Lenihan Jnr: The following is the information requested by the Deputy in tabular form for my Department and the bodies under the aegis of my Department. Department of Finance Location Number Decentralised to date Total who will have decentralised by end 2009 Relocated from Dublin Relocated from elsewhere Tullamore 128* 130 90 24 Kildare 0 Approx 30** n/a n/a *Includes 14 staff recruited for...
- Written Answers — Departmental Staff: Departmental Staff (17 Dec 2008)
Brian Lenihan Jnr: The number of people currently working in my Department is 655. The following is the number of people in each salary band: Salary band No. in band Breakdown by grade Under â¬50,000 302 10 Asst Principal level â¬50,001 â â¬60,000 84 1 Principal level â¬60,001 â â¬70,000 37 1 Principal level â¬70,001 â â¬80,000 30 30 Principal level â¬80,001 â â¬90,000 88 4 Principal...
- Written Answers — Departmental Staff: Departmental Staff (17 Dec 2008)
Brian Lenihan Jnr: The following tables list the information requested by the Deputy in respect of my Department and agencies under the aegis of my Department. Department of Finance Year Number of Staff (full-time equivalents) 31/12/2002 622.52 31/12/2003 600.81 31/12/2004 587.39 31/12/2005 587.09 31/12/2006 622.43 31/12/2007 628.70 30/11/2008 613.91 Revenue Commissioners Year Staff Numbers (Full...
- Written Answers — Departmental Staff: Departmental Staff (17 Dec 2008)
Brian Lenihan Jnr: The following tables list the information requested by the Deputy in respect of my Department and agencies under the aegis of my Department. Department of Finance My Department currently has offices in Dublin and Tullamore, details as follows: Grade Dublin Tullamore Total Secretary General 1.00 1.00 Secretary General PSMD 1.00 1.00 Second Secretary 3.00 3.00 Assistant Secretary...
- Written Answers — Departmental Agencies: Departmental Agencies (17 Dec 2008)
Brian Lenihan Jnr: In response to the Deputy's question, there are no organisations or agencies under the remit of my Department which have been amalgamated or eliminated due to recent budgetary measures.
- Written Answers — Banking Sector Regulation: Banking Sector Regulation (17 Dec 2008)
Brian Lenihan Jnr: Section 262 of the Taxes Consolidation Act 1997 already provides that a financial institution must, following a depositor's request, provide a statement to the depositor showing the gross amount of any relevant interest paid or credited to the depositor, the DIRT deducted, the net payment and the date of that payment. I have no plans to amend this legislative provision at this time. Section...
- Written Answers — Programmes for Government: Programmes for Government (17 Dec 2008)
Brian Lenihan Jnr: As a result of the very different international economic environment that we now face, it is clear that the short term prospects for economic activity are considerably less favourable than that envisaged when the Programme for Government was set out. We now face a position where tax revenues are back to 2005 levels while spending by 2009 is estimated to have increased by 35%. Clearly we have...
- Written Answers — EU Funding: EU Funding (17 Dec 2008)
Brian Lenihan Jnr: Since Ireland joined the EU in 1973, approximately â¬20bn has been allocated in EU Structural and Cohesion Funds. The Structural Funds comprise the: European Regional Development Fund (ERDF); European Social Fund (ESF); Fishery Funds â Financial Instruments for Fisheries Guidance (FIFG) and European Fisheries Fund (EFF); and Agriculture Funds â European Agriculture Guidance and...
- Recapitalisation of Credit Institutions: Statements (18 Dec 2008)
Brian Lenihan Jnr: Last weekend, the Government announced that it is prepared to support, alongside existing shareholders and private investors, a recapitalisation programme of up to â¬10 billion for credit institutions in Ireland. I want to set out the reasons for this announcement. At the outset, I want to make clear that this is a measured response to the dynamics of international capital markets, where...
- Recapitalisation of Credit Institutions: Statements (18 Dec 2008)
Brian Lenihan Jnr: The position is far more advanced than that.
- Recapitalisation of Credit Institutions: Statements (18 Dec 2008)
Brian Lenihan Jnr: I would be devoured by the wolves to whom the Deputy refers if I announced my strategy in the House.
- Recapitalisation of Credit Institutions: Statements (18 Dec 2008)
Brian Lenihan Jnr: They were not at Farmleigh.