Results 11,241-11,260 of 11,861 for speaker:Brian Hayes
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: No. The derogation dates back, I believe, to 1978.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: That is right. There is no competition issue because Irish Water is the only supplier.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: My understanding is that the derogation dates back to 1979. The amendment seeks simply to continue applying the exemption.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: The derogation only exists for a public body.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: I do not do hypothetical questions.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: We could not extend the exemption to a private body.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: No.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: Yes, we are sure about that.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: Good.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: I move amendment No. 91: In page 81, to delete lines 31 to 33 and substitute the following:“ “86A.(1) Stamp duty shall not be chargeable on any conveyance or transfer of stocks or marketable securities admitted to the Enterprise Securities Market operated by the Irish Stock Exchange Limited. (2) Subsection (1) shall not apply to any conveyance or transfer of stocks or marketable...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: Olli Rehn calls it "the big bazooka".
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: Yes.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: The yield from ESM trading is between €4.5 and €5 million.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: It will encourage small and medium businesses to get on the listing as a means of obtaining further capital from the markets at some point. I wish to read a note into the record. The section provides for an exemption from the 1% duty for transfers of shares in companies listed on the ESM of the Irish Stock Exchange. The exemption, which the Minister announced in his budget speech, is one...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: The question asked by Deputy Michael McGrath was the yield and what we are handing up. I said it amounted to somewhere between €4.5 million and €5 million last year. The total amount of stamp duty on overall share transactions is €170 million so the amount of €4.5 million or €5 million out of €170 million is quite small. An American investor made...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: This applies to transactions.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: The Minister for Finance confirmed in his budget speech that the 0.6% levy would be abolished from 31 December 2014. He also explained the rationale for the introduction of a lower 0.15% levy for the years 2014 and 2015 contained in the Bill as published. This 0.15% levy is intended to continue to help fund the jobs initiative and to provide for potential State liabilities that may emerge...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: It used to be a jobs budget.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: On the issue of the levy itself, it goes back to the pre-budget submission. In December 2010, when we were in opposition, we proposed this. We went into the election campaign arguing for this. One of the reasons the pensions industry was not shouting and roaring about this was that it was happy to know the industry could still obtain support at the marginal rate of tax in terms of people's...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)
Brian Hayes: The yield from an additional 0.15% levy is estimated at €135 million per annum over the next two years.