Results 9,421-9,440 of 27,019 for speaker:Michael Noonan
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: I see the point that the Deputy is making. We decided to address the matter because small businesses told us that they could not hold on to their creative people in research and development because the big companies poached them by offering much stronger rewards. The purpose of the provision is to keep those creative people in the small and medium-sized enterprises. It is difficult at...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: I will read the speaking note on the section in order that we establish our base. I will then try to deal with the individual queries raised. Employees paying full PRSI, including civil and public servants appointed after 1995, are entitled under the Social Welfare Acts to maternity benefit payments payable by the Department of Social Protection. These benefits consist of the following...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: I appreciate that Deputies are genuinely concerned about this and are expressing their points very well and sympathetically but they are not presenting the full case. Deputies McGrath and Doherty are presenting this as a cut of €107 a week on somebody's income but they omit the fact that maternity benefit is increasing income.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: May I make my point?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: It is a cut on a higher income.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: The Deputy should wait until I develop the point. I did not interrupt him. If we take the example of someone in the public service, a civil servant, a schoolteacher or a nurse-----
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: If Deputy McGrath wants to speak I will reply when he does.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: If somebody like a civil servant or a schoolteacher goes on maternity leave she gets the benefit and her full wages. She is liable to whatever tax applies on her full wages and at the standard rate or the marginal rate on maternity benefit. She still has more income.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: She still has more income. The person in the private sector if the employer-----
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: If the employer is not paying it will vary from case to case, as I have said already. The Deputies are not allowing for the fact that the person's tax credits are not being used up if she is out of work for a significant part of the year and that has to be taken into account in the calculations.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: I move amendment No. 8: In page 13, before section 9, to insert the following new section: 9.—Section 244 of the Principal Act is amended by inserting the following after subsection (6): “(7) This subsection shall apply to a loan taken out and used by an individual–– (a) on or after 1 January 2012 and on or before 31 December 2012 solely for the purpose of...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: The policy is being driven by the Department of Education and Skills. The registration fee, which has been renamed the student contribution fee, was €2,000 in 2011 and in 2012 it increased to €2,250. The Minister signalled it will increase to €2,500, €2750 and €3,000 in 2013, 2014 and 2015 respectively. As part of the original arrangement, because the...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: Deputy Boyd Barrett has been lulled into a false sense of security because Government policies are working and have taken a disastrous, catastrophic situation and introduced stability. The introduction of stability and the fact that things are moving in the right direction means that Deputy Boyd Barrett thinks we are out of the catastrophic crisis. We are not; we are still working our way...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: As Minister for Finance, I am confirming the policy established two years ago to match the disregard to the student contribution. As the student contribution increases, I will continue to match the disregard and I will not change policy for the reasons outlined.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: That is the position.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: Deputy Donnelly was the first to talk about the financial pressure on higher education institutions and universities. The purpose of the decision by the Minister for Education and Skills was to provide extra funds to the third level sector because the student contribution is paid on registration to the institution that the student will attend. It would be an unnecessary circular movement if...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: The increase proposed by the Minister for Education and Skills is from €2,500 to €2,750. The policy must be to disregard the €2,500 last year and to disregard what existed the year before. His proposed increase is €250 and I am being asked now not to disregard the increase but to allow it to be claimed against income tax. The increase is €250 and it...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: It runs to 2015.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: No. In 2012 it was €2,250, in 2013 it will be €2,500, in 2014 it will be €2,750 and in 2015 it will be €3,000.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance Bill 2013: Committee Stage (6 Mar 2013)
Michael Noonan: This is the annual Finance Bill. I have been asked, on the basis of this increase for 2013 of €250, not to include it in the disregard. That is the proposal. By not including it in the disregard the family with one student gains €50. That is the point that I am making.