Results 9,301-9,320 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Collection: Tax Collection (25 Mar 2009)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that a form P45 is issued by the employer and not by Revenue. Revenue have written to the employer on 23rd March 2009 in relation to the matter.

Written Answers — Tax Collection: Tax Collection (25 Mar 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the named person advised them on 13 August 2008 of his wife's Disability Benefit income (DSFA Illness Benefit) for the year 2007. Following receipt of this information, his tax position for 2007 was reviewed to include this additional income and, on this basis, an underpayment of €770.41 (not €77.41 as quoted in this question) was calculated....

Written Answers — Tax Collection: Tax Collection (25 Mar 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the person (details supplied) received a tax refund of €2,316.74 on 21 November 2008 following a review of his overall tax position for 2008. A further refund of €193.38 for the above year issued to him on 9 February 2009 following receipt of a subsequent claim for health expenses. Based on all available information there is no further refund...

Written Answers — National Lottery Funding: National Lottery Funding (25 Mar 2009)

Brian Lenihan Jnr: The Government decides on an annual basis the amount of funding which is to be allocated to subheads which are part-funded by the proceeds of the National Lottery. This occurs in the context of decisions on the Estimates for Public Services for the following year. The proceeds of the National Lottery are treated as an item of non-tax revenue and partly fund such expenditure. No deviation...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (25 Mar 2009)

Brian Lenihan Jnr: Anglo Irish Bank is operating as a going concern, being run on arm's length commercial basis. Accordingly, matters relating to the normal commercial business of the bank, which includes the management of assets held by the bank, whether acquired on foot of loan defaults or otherwise, are a matter for the Board of Anglo. The Government's focus to date has been on asset quality generally and...

Written Answers — Tax Code: Tax Code (25 Mar 2009)

Brian Lenihan Jnr: As the Deputy will be aware, it is not customary for the Minister for Finance to comment on possible tax and expenditure changes in advance of the Budget.

Written Answers — Sports Capital Programme: Sports Capital Programme (25 Mar 2009)

Brian Lenihan Jnr: The allocation provided for the sports capital programme in each of the past five years is as follows: Year â'¬m 2004 63.597 2005 61.926 2006 62.724 2007 49.250 2008 56.000 The 2004 allocation was fully funded from the proceeds of the National Lottery. Since 2005, the total allocation for subheads which had formerly been funded entirely from the proceeds of the National Lottery has...

Fiscal Policy. (26 Mar 2009)

Brian Lenihan Jnr: The restoration of Ireland's public finances to a stable and sustainable footing presents a significant challenge, but one the Government is determined to meet. Already steps have been taken to meet this challenge but the deterioration in the domestic and international economy has demonstrated that there remains a need for further action. Many countries are facing challenging budgetary...

Fiscal Policy. (26 Mar 2009)

Brian Lenihan Jnr: The Government sought to engage all parties in the effort to address the difficulties in the public finances. With this in mind, I have made my Department available to the Opposition on an unprecedented scale by arranging for officials to brief the main Opposition spokespersons on the latest available figures and on the emerging position. I am not briefed on the content of the briefings my...

Fiscal Policy. (26 Mar 2009)

Brian Lenihan Jnr: I have arranged for the Deputy to meet with myself and an official today so that information, insofar as it can be provided, will be provided. I am prepared to engage with him on a political basis regarding matters which cannot be disclosed by my officials. I cannot go beyond that at this stage. I received the Deputy's letter earlier this week, I have been considering it and have arranged...

Fiscal Policy. (26 Mar 2009)

Brian Lenihan Jnr: As regards economic priorities, there has been extensive discussion in the House of all aspects of the economic position. In my interviews with the media over the St Patrick's Day period I did not say anything that I have not said before. As Deputies will know, Ireland has been the subject of much unfavourable comment in some foreign media and my concern was to counteract that by presenting...

Fiscal Policy. (26 Mar 2009)

Brian Lenihan Jnr: I have a particular concern that large companies — particularly banks, for which I bear ministerial responsibility — are overly reliant on a small circle of persons for appointments to their boards. It is important, in the long-term interest of the companies themselves and in the interest of the public and stakeholders, that there should be an opportunity for new voices to be heard and...

Fiscal Policy. (26 Mar 2009)

Brian Lenihan Jnr: I refute the Deputy's assertion that there has been little change in the management of the six institutions which were guaranteed as and from 30 September 2008. In the less than six-month period since then, there has been a change of chairman or chief executive officer, or both, in five of those institutions. There have been substantial changes in the board of Anglo Irish Bank. This...

Fiscal Policy. (26 Mar 2009)

Brian Lenihan Jnr: I am not willing to get into personalities on the floor of the House. I am making the point that there has been substantial change in the board management structure of five of the six institutions since the guarantee was given. The Attorney General, the legal adviser to the Government under the Constitution, was present throughout the discussions on the guarantee. Lest there be further...

Financial Institutions Remuneration. (26 Mar 2009)

Brian Lenihan Jnr: I received the report of the covered institutions remuneration oversight committee, CIROC, on 3 March. It was common knowledge that remuneration levels for senior bankers based on salary, bonus, pension and other payments were high long before the Government guarantee. Some of the relevant material was in the public domain. The CIROC was established as part of the guarantee scheme for the...

Financial Institutions Remuneration. (26 Mar 2009)

Brian Lenihan Jnr: The Deputy asked a number of interesting questions. With regard to the position of the two directors appointed to the board of the society at my request, neither held the office of director at the time of the payment of the guarantee or execution of whatever arrangement was arrived at to promise the bonus.

Financial Institutions Remuneration. (26 Mar 2009)

Brian Lenihan Jnr: I do not have the date to hand in my brief today. On receipt of detailed information I will be in a position to advise the Deputy. He will appreciate I do not have the information at this stage. The two directors were not members of the board at the time when any payment was made, so they are entirely strangers to this transaction. In regard to the position of Mr. Casey and Irish Life &...

Financial Institutions Remuneration. (26 Mar 2009)

Brian Lenihan Jnr: I have made it clear in my reply that all options will be considered. In the first instance it is a matter for the society and its board to investigate these transactions and see what options are available to the society. In default of any action by the society I will, on legal advice, see what options are available to me.

Unemployment Levels. (26 Mar 2009)

Brian Lenihan Jnr: The latest forecasts for EU labour market developments are those published by the European Commission in January. At the time, the European Union unemployment rate was forecast to average 8.7% this year. On a survey basis, the latest data show a sharp contraction in employment in the final quarter of last year — employment in this quarter was over 4% lower than in the same quarter a year...

Unemployment Levels. (26 Mar 2009)

Brian Lenihan Jnr: Yes.