Results 9,801-9,820 of 11,861 for speaker:Brian Hayes

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motions (23 Jan 2013)

Brian Hayes: Yes.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motions (23 Jan 2013)

Brian Hayes: I understand the Revenue Commissioners are in discussion with the Data Protection Commissioner in terms of the enabling legislation, that there is not a dispute and that there should not be a difficulty in this regard. Deputy McGrath is right in saying that it requires compliance on both sides. It is worth saying in regard to this standalone agreement, that this is a requirement which the...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motions (23 Jan 2013)

Brian Hayes: I understand we have to introduce domestic legislation first.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motions (23 Jan 2013)

Brian Hayes: How will they impact on the financial services industry?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motions (23 Jan 2013)

Brian Hayes: I will provide a carte blanche answer to that question that was given to me. The financial institutions impacted by FATCA include banks, insurance companies in respect of investment services, cash value insurance contracts but not including insurance policies such as health, motor or life, where the policy has no cash value, investment funds, stockbrokers and investment planners. The whole...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motions (23 Jan 2013)

Brian Hayes: Any account holder, corporate or individual.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motions (23 Jan 2013)

Brian Hayes: Yes. They will have to carry out a specific due diligence exercise to identify any clients who are US persons or otherwise and report annually on any payments of interest or dividends made to such persons. To answer the Deputy's question directly, the practical implications are exactly that.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motions (23 Jan 2013)

Brian Hayes: Yes. The same applies at the other side. The benefit from our side would be to follow the hot money if the money is there and the benefit from the US side would be to do exactly the same.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motions (23 Jan 2013)

Brian Hayes: The legislation will be part of the Finance Bill which will come before-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motions (23 Jan 2013)

Brian Hayes: I understand for all practical purposes it could be September 2015 by the time the whole operation will be in place.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motions (23 Jan 2013)

Brian Hayes: Yes.

Written Answers — Department of Public Expenditure and Reform: Land Acquisitions (29 Jan 2013)

Brian Hayes: There has been no significant progress to date on the acceptance of the offer of donation of Annesgrove demesne lands and gardens to the State. However the offer continues to be under active consideration by the Commissioners of Public Works.

Written Answers — Department of Public Expenditure and Reform: Land Transfers (29 Jan 2013)

Brian Hayes: The conveyancing of the property at Derrynane from the Commissioners of Public Works to Kerry County Council has been a complex legal process. The key issue is establishing title documentation. I understand that the matter has progressed significantly in conjunction with the Chief State Solicitor’s Office and I am hopeful that the contracts can be concluded in the near future.

Written Answers — Department of Public Expenditure and Reform: Departmental Properties (29 Jan 2013)

Brian Hayes: The property in question forms part of the property portfolio currently utilised by the Department of Social Protection. I can confirm that the Department of Social Protection have no plans at this time to withdraw from the property. In the circumstances, the Commissioners of Public Works are not in a position to consider the sale or lease of the property.

Written Answers — Department of Public Expenditure and Reform: Coastal Protection (30 Jan 2013)

Brian Hayes: I refer the Deputy to the reply to Question No. 217 of 11 December 2012. The position remains the same.

Written Answers — Department of Public Expenditure and Reform: Public Procurement (30 Jan 2013)

Brian Hayes: In July 2012, following a government decision to make eight of the National Procurement Service (NPS) contracts mandatory, the Department of Public Expenditure and Reform issued ‘Circular 06/12: Public Procurement (Framework Agreements)’. The purpose of this Circular is to inform public bodies of the mandatory requirement to utilise central contracts, put in place by the NPS,...

Topical Issue Debate: Public Procurement (5 Feb 2013)

Brian Hayes: I thank Deputy Lyons for raising this matter. I also thank him for the interest he has shown in this issue and for the legislation he published in his own right. As he correctly stated, the matter of social clauses in public contracts is something that I have been examining closely in the Department of Public Expenditure and Reform. Social clauses can be used in public procurement in...

Topical Issue Debate: Public Procurement (5 Feb 2013)

Brian Hayes: I agree with what the Deputy has said and I thank him for the interest he has shown in this area and the lead he has given. He highlighted the challenge of unemployment. Effectively half of our unemployed are considered long-term unemployed, which is a dreadful statistic when so many people have lost their jobs. I understand that approximately 60% of people who lost their jobs in the past...

Topical Issue Debate: Mortgage Arrears Report Implementation (5 Feb 2013)

Brian Hayes: The Government is aware of the significant difficulties facing home owners in meeting their mortgage obligations and is committed to advancing appropriate measures to assist mortgage holders experiencing real and genuine difficulty. A special Cabinet sub-committee was put in place in March last year to address the mortgage arrears problem. This committee, chaired by the Taoiseach and...

Topical Issue Debate: Mortgage Arrears Report Implementation (5 Feb 2013)

Brian Hayes: The patience of all of us in respect of this matter is being stretched. The Government has put in place the building blocks. The banks must now engage with people who have distressed mortgages. The legislation in terms of insolvency is in place. The code of conduct is also in place. The banks, as the Deputy knows, have been well capitalised. As I have repeatedly said, they are better...