Results 9,681-9,700 of 27,019 for speaker:Michael Noonan

Finance Bill 2013: Order for Report Stage (13 Mar 2013)

Michael Noonan: I move: "That Report Stage be taken now."

Finance Bill 2013: Report Stage (13 Mar 2013)

Michael Noonan: We had a long debate on this issue on Committee Stage and I thank Deputies Michael McGrath and Pearse Doherty for acknowledging that we had a very good Committee Stage debate in which matters were discussed very thoroughly. I thank the Deputies who participated because one needs two sides to get a good debate going. It was a very interesting and helpful debate. However, there is a tendency...

Finance Bill 2013: Report Stage (13 Mar 2013)

Michael Noonan: The Deputy appreciates it would be administratively quite difficult to do so and that it probably would be legally impossible. We are discussing whether to tax a social welfare benefit. In deciding that it would only be taxed in the case of some recipients and not taxed in the case of others - not so much on the basis of income but on how their employers treated them - one would be in a...

Finance Bill 2013: Report Stage (13 Mar 2013)

Michael Noonan: May a Deputy other than the mover of an amendment speak twice on Report Stage?

Finance Bill 2013: Report Stage (13 Mar 2013)

Michael Noonan: Will the Deputy be out with a sign to stop it being mined?

Finance Bill 2013: Report Stage (13 Mar 2013)

Michael Noonan: Is the Deputy in favour of the oil in Dublin bay being brought ashore?

Finance Bill 2013: Report Stage (13 Mar 2013)

Michael Noonan: In the first instance, I do not have the Malthusian fears regarding overpopulation which the Deputy ascribes to me. Like Deputy Pearse Doherty, I proved this in my own life because I have quite a large family. Deputy Boyd Barrett can rest easy because we do not have a big problem in that regard. His definition of wealth being an income of €100,000 is rather undermined by his claim...

Finance Bill 2013: Report Stage (13 Mar 2013)

Michael Noonan: Fine, people with incomes of €101,000 or more. If one takes 36% of their money, they will then have €64,000 plus a few cent change.

Finance Bill 2013: Report Stage (13 Mar 2013)

Michael Noonan: I do not have the kind of attitudes to women which the Deputy suggests. There are large numbers of women in the group that is going to have to come up with the €40 million. Many of those women are poor and they will be obliged to pay for this out of their family budgets. Choices must be made. In our wider family and in our circle of friends, we can all identify young pregnant women...

Finance Bill 2013: Report Stage (13 Mar 2013)

Michael Noonan: No, the Deputy did not.

Finance Bill 2013: Report Stage (13 Mar 2013)

Michael Noonan: The Deputy's single solution to every problem is to take more tax off all these wealthy people.

Finance Bill 2013: Report Stage (13 Mar 2013)

Michael Noonan: I had concluded my remarks.

Finance Bill 2013: Report Stage (13 Mar 2013)

Michael Noonan: Deputy Michael McGrath tabled this amendment for consideration on Committee Stage. It proposes the preparation of a report for the House in respect of pre-retirement access to all forms of pension savings in certain unspecified circumstances. What I have done, following quite an amount of consideration, has been measured. I outlined my concerns with regard to this matter on Committee...

Finance Bill 2013: Report Stage (13 Mar 2013)

Michael Noonan: As the Deputy is aware, there is a new budget timeline. The budget will have to be introduced some time around the middle of October and therefore I would need the Bill to be fairly well drafted before the summer recess. They have only just started working on it and therefore I cannot give the Deputy a more precise timeline, but the timeline I would like is to get it done before the summer.

Finance Bill 2013: Report Stage (13 Mar 2013)

Michael Noonan: This is an issue that was discussed on Committee Stage and with the Acting Chairman's permission, as amendments Nos. 5 and 10 are related to subsections (2) and (6) of section 17, as passed on Committee Stage, I propose to deal with them together. These substitutions deal in one way or another with the temporary rescinding of certain provisions included in the Finance Act 2011 relating to...

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: I repeat, for the sake of continuity, that the ARF options were later extended to all holders of additional voluntary contributions. Today, retiring individuals in defined contribution pension arrangements still have the option to purchase an annuity, but as an alternative they can draw down their remaining pension pot, after taking the tax-free retirement lump sum, by way of a taxable lump...

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: What is enacted by law can be reversed by law. To include a commitment that something will be done or something will automatically happen in three years' time does not meet the needs of the House. Three years is a long time and, as the Deputy said, it is unlikely that I will be sitting here then. There could be a change of Government or a change of personnel. It is important that in...

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: The intention is to make matters easier for people on lower pensions who had this bounced on them last year without adequate notice. I am providing them with notice now that the higher limits will return in three years time. It provides rational people with the opportunity to plan to make provision for their pension schemes. A future Minister may change that. Deputy Doherty drew a...

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: The new employment and investment incentive and revised seed capital scheme came into operation from 25 November 2011. I do not have a full year's statistics available on the impact of the incentive. Last year, I reviewed the film relief scheme and on foot of that made substantial changes to the operation of film relief in the Bill. My Department has commenced a review of the research and...

Finance Bill 2013: Report Stage (Resumed) (13 Mar 2013)

Michael Noonan: I am not opposing a review, any more than Deputy Doherty is opposing the scheme. However, it is too soon to have a review. Many investors will make a return of income for 2012 in October 2013. The data would be unavailable if we were to do a review in this calendar year.