Results 11,261-11,280 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: Annually for two years. That is €270 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 not be ring-fenced for that but it will be within the general Central Fund for that particular purpose, if it were to emerge. It will not be ring-fenced for that purpose but it is the intention of the Government were such a contingent liability to emerge. It may well be in excess of what we might possibly collect.

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 think it sounds good; it is 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: It is within the Central Fund. It is like putting the money in a drawer and opening another drawer. It is there none the less.

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: He is.

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 would argue that reducing the rate from 0.75% to 0.15% is an effective abolition of the charge.

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 question of whether the contingent liability would be covered by what one could obtain, we have no expectation at the moment that we would be in that difficulty. It will depend on what occurs but we do not anticipate that at the moment.

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. 94: In page 82, line 25, to delete " 'business' "and substitute " 'relevant business' ".I propose to take amendments Nos. 94 to 103, inclusive, together. These amendments make changes to section 68 of the Bill which inserts a new section 126AA into the Stamp Duties Consolidation Act 1999. The purpose of section 126AA is to provide for the stamp duty levy on certain...

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. 95: In page 82, to delete lines 34 to 37, and in page 83, to delete lines 1 to 14 and substitute the following:" 'relevant person' means⁠— (a) a person who, in the year 2011, was a holder of a licence granted under section 9 of the Central Bank Act 1971 or held a licence or other similar authorisation under the law of any other Member State of the European...

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. 96: In page 84, line 3, after "a" where it secondly occurs to insert "relevant".

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. 97: In page 84, line 5, after "the" where it thirdly occurs to insert "relevant".

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. 98: In page 84, line 17, after "a" to insert "relevant".

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. 99: In page 84, line 21, after "the" where it secondly occurs to insert "relevant".

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. 100: In page 84, line 24, after "the" where it thirdly occurs to insert "relevant".

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. 101: In page 84, line 37, after "a" to insert "relevant".

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. 102: In page 85, line 2, after "the" where it secondly occurs to insert "relevant".

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. 103. In page 85, line 5, after "the" where it thirdly occurs to insert "relevant".

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 understand that the Irish Banking Federation has made representations to the Department. Separate to that, four institutions have also made representations to the Department.

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 have just asked the officials about the nature of the representations and I understand they were mostly from foreign-based institutions doing business here. They argued that they did not cause the crisis or the problem and that they should not, therefore, be stung by the levy. As to Deputy Doherty's second question on whether an argument has been made to the Department that institutions...

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 am not aware of that coming out in the representations thus far.