Results 11,461-11,480 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Avoidance Issues (25 Jun 2013)

Michael Noonan: The role of the platform is as set out in recommendation 9 of the Commission's Action Plan to strengthen the fight against tax fraud and evasion which states: "The Commission plans to establish a Platform for Tax Good Governance composed of experts from Member States and stakeholders representatives to provide assistance in preparing its report on the application of the two Recommendations,...

Written Answers — Department of Finance: Topical Issue Debate (25 Jun 2013)

Michael Noonan: Eighty four topical interest debates were selected for the Department of Finance since March 2011. Of these twenty three were taken by Myself, thirty four by Minister of State Hayes and twenty seven by other Ministers/ Ministers of State .

Written Answers — Department of Finance: Betting Regulations (25 Jun 2013)

Michael Noonan: I propose to take Questions Nos. 203 and 219 to 222, inclusive, together. The Finance Act 2011 provides for the taxation of bets that remote bookmakers enter into with persons in the State. This means, for example, that a business which engages in online bookmaking and which accepts bets from people in this country will be liable for betting duty on those bets, irrespective of where that...

Written Answers — Department of Finance: European Council Meetings (25 Jun 2013)

Michael Noonan: The Ecofin Council met on 21st June 2013 and as Ireland holds the Presidency of the Council of the EU, I as the Minister for Finance chaired the meeting. Minister of State, Brian Hayes TD represented Ireland at the meeting. The meeting was attended by representatives of all 27 EU Member States and of Croatia (which has observer status until its accession into the EU on 1st July),...

Written Answers — Department of Finance: NAMA Staff Issues (25 Jun 2013)

Michael Noonan: All NAMA staff are employees of the NTMA. The NTMA advises that six staff assigned to NAMA have left the Agency since January 2013. The NTMA understands that five of these staff have taken up employment in the private sector.

Written Answers — Department of Finance: NAMA Property Sales (25 Jun 2013)

Michael Noonan: Decisions relating to the sale of properties securing its loans are an operational matter for the board of NAMA which is guided by its commercial mandate under the NAMA Act 2009. As has been previously advised by NAMA, the agency’s strategy in relation to any individual asset and the timing of any sale is geared towards maximising the realised value of the asset and the return to...

Written Answers — Department of Finance: NAMA Court Cases (25 Jun 2013)

Michael Noonan: I presume that the Deputy’s reference to the commercial courts is a reference to the Commercial Court, which is a division of the High Court. I am advised by NAMA that there are 12 proceedings currently before the Commercial Court in which the Agency has a direct involvement.

Written Answers — Department of Finance: NAMA Operations (25 Jun 2013)

Michael Noonan: I am advised by NAMA that, in accordance with its ongoing business operations planning, it is seeking proposals for appointment to a panel, under a framework agreement, from which specialist business and project support services, which are currently not available within the NTMA, may be procured as needed for the purposes of augmenting and supporting NAMA's existing business units to achieve...

Written Answers — Department of Finance: NAMA Debtors (25 Jun 2013)

Michael Noonan: I am advised by NAMA that it is aware of ten debtors petitioning for bankruptcy in the UK to date in 2013. NAMA advises that six have been declared bankrupt while a further four have had their applications adjourned.

Written Answers — Department of Finance: Bank Stress Tests (25 Jun 2013)

Michael Noonan: The Central Bank of Ireland is the supervisory body responsible for initiating regulatory led stress tests (such as PCAR). In the last PCAR, BlackRock Solutions provided independent loan loss forecasts as an input to PCAR. In addition, Barclays Capital provided input on PLAR and de-leveraging. Boston Consulting Group provided input on project management and oversight. The Central Bank of...

Written Answers — Department of Finance: IBRC Liquidation (25 Jun 2013)

Michael Noonan: The Special Liquidators are continuing the orderly and efficient wind-down of IBRC in accordance with the provisions of the IBRC Act and instructions that have been provided to the Special Liquidators by me, as Minister, under the IBRC Act 2013. I have been informed by the Special Liquidators that they expect to meet the timelines set out, namely that the valuation of IBRC’s loans...

Written Answers — Department of Finance: IBRC Liquidation (25 Jun 2013)

Michael Noonan: There is an obligation on the Special Liquidators to ensure that maximum value is extracted from loan sales and they are currently devising a process to ensure they meet this obligation. The Special Liquidators are in the process of obtaining suitable independent professional advisors who shall employ standard valuation methodologies appropriate to each class of asset of IBRC. Following...

Written Answers — Department of Finance: Tax Code (25 Jun 2013)

Michael Noonan: It is assumed that the proposed increase would only apply to the married one-earner standard rate tax band and would not apply to the various other classes of standard rate tax bands such as the single and widowed persons, lone parents and married couples where both spouses have income. On this basis, I am advised by the Revenue Commissioners that the estimated full year cost to the...

Written Answers — Department of Finance: National Debt (25 Jun 2013)

Michael Noonan: Table A.5 of the Stability Programme Update, published in late April, contains an estimate of 4.1% for the average interest rate on general Government debt in 2014. However, it would not be appropriate to use this figure as the basis for making a realistic estimate of the debt service savings which would arise in 2014 if €10 billion of the current cash balances were used to buy back...

Written Answers — Department of Finance: Ministerial Transport (25 Jun 2013)

Michael Noonan: As and from 1 May 2011 all Cabinet Ministers, with the exception of Taoiseach, Tánaiste and Minister for Justice and Law Reform now use their own cars on official business. Prior to this date, transport for Ministers was provided via the Department of Justice and Equality. In relation to the use of my car for Ministerial travel, the total cost has been €272,461 for the period 01...

Written Answers — Department of Finance: Departmental Expenditure (25 Jun 2013)

Michael Noonan: Details of the occasions on which photographers were used in the period in question are contained in the following table: Use of Photographer Company used Details Cost Maxwell Photography Ltd. Brian Lenihan - photo required for Minster's Conference - Engaged on 30 March 2011 €424.41 Maxwell Photography Ltd. Signing of Taxation agreement with Germany -Engaged on 31 March 2011...

Written Answers — Department of Finance: Departmental Expenditure (25 Jun 2013)

Michael Noonan: In the period in question I am not aware of my Department incurring costs in relation to newspaper supplements.

Written Answers — Department of Finance: Mortgage Interest Relief Statistics (25 Jun 2013)

Michael Noonan: I am informed by the Revenue Commissioners that the administration of the mortgage interest relief scheme does not require details on individual mortgage types and for that reason such information is not captured.

Written Answers — Department of Finance: Tax Reliefs Application (25 Jun 2013)

Michael Noonan: The figure of €250 million included in the Budget 2013 arithmetic was, as clearly stated in the Budget 2013 documentation, a provisional figure pending further detailed analysis of the changes necessary to give effect to the Programme for Government commitment to cap taxpayers’ subsidies for pension schemes that deliver pension income of more than €60,000. That analysis...

Written Answers — Department of Finance: Tax Exemptions (25 Jun 2013)

Michael Noonan: Interest on Savings Bonds is applied on maturity, which is after three years, or on encashment, which could be at any stage during the life of the Savings Bond. A higher rate of Deposit Interest Retention Tax (DIRT) applies when interest is paid less frequently than annually, as is the case with Savings Bonds, and since 1 January 2013 this rate is 36%. The standard DIRT rate of 33% applies...