Results 9,821-9,840 of 27,945 for speaker:Michael McGrath

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Michael McGrath: Thank you. I think we have clarity on my first question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Michael McGrath: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Michael McGrath: Thanks, Chair. Mr. Doyle, just picking up on what Deputy O'Donnell was saying there about Merrill Lynch, can I ask you, in your view, was there one clear recommendation from Merrill Lynch on the eve of the guarantee as to what action should be taken? We've all read the memos and reports and there's a lot of, "On the one hand and on the other hand." Was there one clear recommendation as to...

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Michael McGrath: And apart from that? In terms of options, say, to implement that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Michael McGrath: So, is it unfair to say that the decision taken was against the advice of Merrill Lynch? Or is it fair to say?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Michael McGrath: A number of weeks later, Mr. Doyle, Merrill Lynch presented some reconsiderations for recapitalising Irish financial institutions and, in essence, they estimated that, dependent on the level of impaired loans "cumulative capital requirements will range from €6.6 billion, at the current estimate at impairment rates, to a maximum of €13.1 billion", based on Merrill's own analysis,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Michael McGrath: Final question, Chair, is just on the issue of ... of fiscal policy in the Department during your tenure, Mr. Doyle. And Governor Honohan makes a number of criticisms, as you know, in terms of fiscal policy in his report. But there's one reference on page 30 of his report where he says: "And, in a final twist, real expenditure rose by over 11 per cent in both 2007 and 2008, an unfortunate...

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Michael McGrath: Yes, well, I think it's outturn really.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Michael McGrath: Yes, please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Michael McGrath: In the June budget strategy memo is it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Michael McGrath: Just to clarify, when you said the recommended increase in expenditure, are you referring to the budget strategy memo from the summer, from June? Is that what you are referring to?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Michael McGrath: Okay. Thank you.

Written Answers — Department of Finance: Employee Shareholding Scheme (18 Jun 2015)

Michael McGrath: 74. To ask the Minister for Finance if he will provide, in tabular form, the number of Employee Share Ownership Trust Schemes approved by the Revenue Commissioners at the end of each year from 2010 to 2014; the number of beneficiaries of such Schemes; and if he will make a statement on the matter. [24304/15]

Written Answers — Department of Finance: Tax Data (18 Jun 2015)

Michael McGrath: 75. To ask the Minister for Finance the annual tax expenditure in each year since 2008 associated with the deduction of interest expense against rental income; and if he will make a statement on the matter. [24306/15]

Written Answers — Department of Finance: Property Tax Exemptions (18 Jun 2015)

Michael McGrath: 79. To ask the Minister for Finance the number of unfinished housing estates approved for exemption from the local property tax in 2014 and to date in 2015; the approximate revenue foregone as a result; and if he will make a statement on the matter. [24370/15]

Written Answers — Department of Finance: Carbon Tax Yield (18 Jun 2015)

Michael McGrath: 80. To ask the Minister for Finance if he will provide, in tabular form, the total yield from each category to which the carbon tax is applied, in each year from 2011 to 2014; the projected yield in 2015; and if he will make a statement on the matter. [24371/15]

Written Answers — Department of Finance: Carbon Tax Yield (18 Jun 2015)

Michael McGrath: 81. To ask the Minister for Finance if his Department has carried out a review of the implementation and impact of the carbon tax since its introduction; and if he will make a statement on the matter. [24372/15]

Written Answers — Department of Finance: Tax Yield (18 Jun 2015)

Michael McGrath: 82. To ask the Minister for Finance if he will provide, in tabular form, the yield from stamp duty on share transactions on the Irish Stock Exchange, in each year from 2010 to 2014; and if he will make a statement on the matter. [24373/15]

Written Answers — Department of Finance: Tax Yield (18 Jun 2015)

Michael McGrath: 83. To ask the Minister for Finance if he will provide, in tabular form, the yield from the surcharge that was introduced on 1 January 2012 on persons with a gross incomes of over €100,000 on the amount of income sheltered by property reliefs, in each year from 2012 to 2014; and if he will make a statement on the matter. [24374/15]

Written Answers — Department of Finance: Tax Reliefs Cost (18 Jun 2015)

Michael McGrath: 84. To ask the Minister for Finance the annual cost of tax relief for corporate investment in certain renewable energy projects, in each year from 2012 to 2014; and if he will make a statement on the matter. [24375/15]