Results 8,821-8,840 of 16,057 for speaker:Mary Coughlan
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: That has not been changed.
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: It is serious.
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: I will take some of the questions first. Deputy Rabbitte asked about the estimation of capital gains tax and the approximation of â¬160 million. This estimate is based on the statistics available which for 2009 is approximately â¬1.7 billion, for 2010 some â¬1.5 billion and for 2008 an estimated outturn of â¬1.7 billion. These are very conservative estimates, based on the forecasts of...
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: It is â¬160 million.
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: It is â¬160 million.
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: We will work on some of the other aspects of how we will drive the economy. The Deputy may wish me to provide them and go beyond the aspects of the debate, but I have not time to do this.
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: I think, in the main, the majority of people agree with the proposal to reduce the limit to â¬150,000. If we are to change anything more fundamental, we will do so in the context of the Green Paper on Pensions. The Commission on Taxation is looking at a number of these issues, including the issue of pension provision for directors, which was raised by Deputy Rabbitte. There will be no...
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: I said all of these matters will be examined in the context of the Green Paper on Pensions and the work of the Commission on Taxation. This is a first step. In my view, it is a matter of equity. Having listened to what the Members of the House had to say, I believe they are quite happy with the provisions which have been proposed. On the issue of DIRTââ
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: Yes.
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: We will implement the Green Paper following further discussions. I have referred to the work of the Commission on Taxation. All of these issues will be taken into consideration during the debate on future pension provision.
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: There has been a move to deal with the issue. The majority of people will accept that the issue has been dealt with. I wish to speak about DIRT. The one thing I believe about DIRT is that it is charged on interest. Therefore, if the interest is low, 23% of low will still be low.
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: Of all taxes, it is the oneââ
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: Yes. 23% of nothing is nothing.
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: It is the same in Kildare as it is in Dublin.
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: DIRT is a consumer-friendly tax. One does not have to worry about tax returns, investments or any of that.
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: Certain products are available for small savers. DIRT does not arise in that context. Different types of products are available for small savers.
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: Special term accounts are available. In the case of medium-term accounts, the first â¬480 of interest is exempt from DIRT.
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: In the case of long-term accounts, the first â¬635 of interest is exempt from DIRT. There is also a return on that in the context of the elderly and the incapacitated.
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: In the context of the overall taxation measures, I do not think the 23% rate is a retrograde step or should be seen in any way as a disincentive. We are trying to encourageââ
- Financial Resolution No. 13: Stamp Duties (14 Oct 2008)
Mary Coughlan: We do not pay it at the top rate anyway. I have to admit I am one of those people who continues to believe in signing cheques. If one uses a cheque book, at least one has some idea of what one has spent.