Results 9,701-9,720 of 27,019 for speaker:Michael Noonan

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

Michael Noonan: I move amendment No. 12a:In page 67, to delete lines 34 to 37 and substitute the following:“ “(n) for the purposes of a trade which consists of—(i) the maintenance, repair or overhaul of aircraft used to carry passengers or cargo for hire or reward, or (ii) the dismantling of aircraft of the kind referred to in subparagraph (i),for the purposes of the salvaging or...

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

Michael Noonan: No.

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

Michael Noonan: This is all fantasy.

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

Michael Noonan: No.

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

Michael Noonan: There is a total misunderstanding of the original provision in the Finance Bill. This has been built up to a degree where claims are now made which are in the realms of fantasy. There is no measure in the Bill that has been specifically designed to help Shannon Airport.

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

Michael Noonan: I did not. The Deputy was not even at the committee.

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

Michael Noonan: The Deputy has a transcript. I will tell him what I said. Any of the provisions in the Bill can be used by any airport. There is a tax break for any airport to build hangars and the apron outside a hangar. There is no tie-in with Shannon Airport. There is no suggestion the new Shannon Airport Authority will be the investor. This is a provision for private investors who might go to...

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

Michael Noonan: How am I going to explain all of the changes made in two minutes?

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

Michael Noonan: For another two minutes?

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

Michael Noonan: I thought the Leas-Cheann Comhairle had called on me to conclude.

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

Michael Noonan: If that is the ruling, that is the ruling.

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

Michael Noonan: I was answering the specific questions asked.

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

Michael Noonan: If I had had a chance to reply, I would have explained what I meant.

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

Michael Noonan: Do I have two minutes again or do I have time to explain this amendment?

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

Michael Noonan: If any Member can point out to me any part of the section that refers to Shannon Airport, I would be pleased to hear it. There is nothing in the section that refers to a specific airport. The motivation for it was an incipient industry at Shannon Airport which the authority thought it could develop further. The second largest Russian airline, Transaero, has acquired an Aer Lingus hangar at...

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

Michael Noonan: It is broken in two because that was the drafting advice we got. There is no intention to commence them at different times; my intention is to commence them at the same time. The issue of the commencement order is to allow both of them to get through state aid provisions in Europe before they are commenced. I could try to commence them now but they do not have state aid permission and such...

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

Michael Noonan: -----but I will help Knock in any way I can as well. That is the business we are in. The west needs special assistance for development and if we can do it this way, well and good. However, a state aid issue will still arise. Several other questions arose about the leasing companies here. Deputy Doherty by implication questioned how much benefit they were to the economy. The leasing...

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

Michael Noonan: There is no favouritism being shown towards any of our airports. Deputy Calleary may regard fair treatment as ensuring that an industry which has started in Shannon is closed down but I do not regard that as fair treatment. Let everyone do what they can to develop their own space. There is nothing in law-----

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

Michael Noonan: It is a level playing pitch. I challenge Deputy Calleary to point out anything in the legislation that cannot apply equally to Knock airport and Shannon airport. The threat to Knock is not from Shannon and the threat to Shannon is not from Knock. The threat is that those in a larger airport such as Dublin will use this and attract the refurbishment industry, and the best of luck to them...

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

Michael Noonan: The first statement was current. The second statement on corporation tax and so on was from 2007.