Results 8,861-8,880 of 27,019 for speaker:Michael Noonan

Promissory Notes: Motion (12 Feb 2013)

Michael Noonan: The Deputy was lying on Marian Finucane's show the other morning.

Promissory Notes: Motion (12 Feb 2013)

Michael Noonan: I withdraw the remark.

Promissory Notes: Motion (12 Feb 2013)

Michael Noonan: Not on official debt.

Promissory Notes: Motion (12 Feb 2013)

Michael Noonan: The Deputy is pretending and misleading again.

Promissory Notes: Motion (12 Feb 2013)

Michael Noonan: The Deputy misleads constantly.

Promissory Notes: Motion (12 Feb 2013)

Michael Noonan: The Deputy does not have the expertise.

Written Answers — Department of Finance: Strategic Investment Fund (12 Feb 2013)

Michael Noonan: In announcing the Strategic Investment Fund initiative in September 2011, the Government indicated a refocusing of the investments of the National Pensions Reserve Fund (NPRF) towards productive investment in sectors of strategic importance to the Irish economy. A key principle of the Strategic Investment Fund is that the NPRF investment, which is to be solely on a commercial basis, will...

Written Answers — Department of Finance: Insurance Industry (12 Feb 2013)

Michael Noonan: At the outset, the Deputy should note that in my role as the Minister for Finance I have responsibility for the development of the legal framework governing financial regulation, including insurance. The day to day responsibility for the supervision of financial institutions is a matter for the Central Bank which is statutorily independent in the exercise of its regulatory functions. The...

Written Answers — Department of Finance: Universal Social Charge (12 Feb 2013)

Michael Noonan: The indicative calculations of the amounts of Public Service Pension Reduction (PSPR), Income Tax, and Universal Social Charge (USC) in 2012 and 2013 which apply to a single public service pensioner aged 70 years of age with gross income of €125,000 are set out as follows: 2012 – Single Public Service Pensioner aged 70 Gross Income€125,000 Public Service...

Written Answers — Department of Finance: Mortgage Interest Relief (12 Feb 2013)

Michael Noonan: The position is that mortgage interest relief for principal private residences is no longer available to house purchasers who purchase in 2013. In response, I am sure that the Deputy is aware of recent evidence that property prices stabilised in 2012. Indeed data from the CSO’s Residential Property Price Index show that national prices have been broadly stable for 9 months now,...

Written Answers — Department of Finance: Tax Reliefs (12 Feb 2013)

Michael Noonan: I propose to take Questions Nos. 198 and 229 together. The proposal to introduce an auto-diesel excise duty relief for licensed road hauliers that I announced in the Budget is confined to licensed and tax compliant hauliers. However, I have received a number of submissions from, and on behalf of, private coach operators seeking to have this relief extended to them. I will consider these...

Written Answers — Department of Finance: Mortgage Interest Relief (12 Feb 2013)

Michael Noonan: The position is that in Supplementary Budget 2009, mortgage interest relief was limited so that interest payable on a qualifying home loan would only qualify for tax relief for the first seven tax years of the life of that loan (7 year rule). However, in Finance Act 2010, mortgage interest relief was extended up to the end of 2017 for those whose entitlement to relief was due to end in 2010...

Written Answers — Department of Finance: VAT Rates (12 Feb 2013)

Michael Noonan: I would point out that a reduced VAT rate already applies to many building materials used for home improvement. While the supply of building materials is in general subject to VAT at the standard rate of 23%, Ireland applies a reduced rate of 13.5% to the supply of ready-to-pour concrete and certain concrete blocks. In addition, where a building contractor carries out home improvements and...

Written Answers — Department of Finance: Banking Sector Regulation (12 Feb 2013)

Michael Noonan: I propose to take Questions Nos. 201 to 204, inclusive, together. AIB has informed me that the Bank is satisfied that it took all necessary steps to maximise value and minimise losses when selling this portfolio of properties to Green Property during very difficult market conditions. Unfortunately, as normal customer confidentiality applies between Green Property and AIB, the Bank is not...

Written Answers — Department of Finance: Promissory Note Negotiations (12 Feb 2013)

Michael Noonan: I propose to take Questions Nos. 205 and 206 together. As the Deputy is aware, this Government reached a conclusion to its discussions with the European Central Bank last week that delivered on our commitment to put in place a fairer and more sustainable arrangement on the IBRC Promissory Notes. Last week also saw the remnants of Anglo Irish Bank and Irish removed from the financial and...

Written Answers — Department of Finance: Contingent Capital Notes (12 Feb 2013)

Michael Noonan: The State’s successful disposal of the Bank of Ireland contingent capital notes earlier this year is further evidence of investors’ confidence in Ireland and demonstrates that there is a market appetite for Irish assets. However, the Government is still heavily involved in drawing up the operational criteria that will guide direct bank recapitalisations by the European...

Written Answers — Department of Finance: NAMA Loans (12 Feb 2013)

Michael Noonan: NAMA advises that vendor finance may, on a case by case basis, be made available as part of the sales process relating to both qualifying assets and loans. NAMA advises that it has published an information guide on vendor finance, which is available on the NAMA website, www.nama.ie, to which the Deputy may wish to refer for further information.

Written Answers — Department of Finance: Social Insurance Fund (12 Feb 2013)

Michael Noonan: Section 18 of the Social Welfare and Pensions Act, 2012, which amended Section 9 of the Social Welfare Consolidation Act, 2005, enables the Minister for Finance, having consulted with the Minister for Public Expenditure and Reform, to advance moneys from the Central Fund to the Social Insurance Fund via an account with the Paymaster General in order to maintain sufficient amount of moneys in...

Written Answers — Department of Finance: Credit Union Fund Issues (12 Feb 2013)

Michael Noonan: The Credit Union Fund was established by ministerial order under section 57 of the Credit Union and Co-operation with Overseas Regulators Act 2012. I contributed €250 million to the Credit Union Fund in December 2012 to support the restructuring of the credit union sector by the Restructuring Board (‘ReBo’) in line with the recommendations of the Commission on Credit...

Written Answers — Department of Finance: Outright Monetary Transaction Scheme Eligibility (12 Feb 2013)

Michael Noonan: The Governing Council of the ECB made a decision to establish the Outright Monetary Transaction (OMT) scheme on 2nd August 2012, and issued a press statement on 6th September 2012 which outlined its technical features. This press statement sets out that a necessary condition for OMT is strict and effective conditionality attached to an appropriate European Financial Stability...