Results 11,661-11,680 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Credit Review Office Remit (2 Jul 2013)

Michael Noonan: The Deputy may be aware that I published an independent assessment of the Credit Review Office late last year and that this assessment was broadly positive about the effectiveness of the Office. That said, I remain concerned at the low level of numbers of SMEs seeking reviews by the Credit Review Office. The most recent report by the Credit Reviewer shows that the Credit Review Office...

Written Answers — Department of Finance: Tobacco Smuggling (2 Jul 2013)

Michael Noonan: I am advised that the Revenue Commissioners are in the process of reviewing their confidential channels available to the public to report illegal activity in relation to tobacco, including smuggling and illegal selling. The provision of a confidential email address is one option which is under consideration. I am also advised that Revenue have a confidential tobacco telephone/hotline that...

Written Answers — Department of Finance: Tax Code (2 Jul 2013)

Michael Noonan: I am informed by the Revenue Commissioners that statistical data is not yet available for the year 2012 as corporation returns associated with 2012 accounting periods are not yet due in many cases.

Written Answers — Department of Finance: Tax Code (2 Jul 2013)

Michael Noonan: Companies incorporated or resident in the State for tax purpose are chargeable to corporation tax on all of the profits arising from their trading activities here after taking account of allowable deductions and reliefs as provided for in the Taxes Consolidation Act 1997. Dividends and other distributions are not deductible in computing profits for tax purposes: whether a company retains its...

Written Answers — Department of Finance: Banking Sector Issues (2 Jul 2013)

Michael Noonan: As the Deputy will be aware the Relationship Frameworks with the banks provide that the State will not intervene in the day-to-day operations of the banks or their management decisions. These frameworks are published on the Department of Finance website. I must ensure that the banks are run on a commercial, cost effective and independent basis to ensure the value of the banks as an asset to...

Written Answers — Department of Finance: Tax Code (2 Jul 2013)

Michael Noonan: I can confirm to the Deputy that I have not met with Prime Minister Cameron to discuss Ireland's tax affairs.

Written Answers — Department of Finance: European Investment Bank Loans (2 Jul 2013)

Michael Noonan: The EIB is currently revising its lending criteria. The draft lending criteria were published on its website on 24 June 2013 having being approved by the Bank’s Management Committee. They will be submitted for discussion and approval to the Bank’s Board of Directors on 23 July 2013. The new EIB Energy Lending criteria are fully aligned with EU policy priorities to deliver...

Written Answers — Department of Finance: Banking Sector Regulation (2 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 218 and 219 together. I have been advised by the Central Bank that they do not require Banks to record calls. As such the Central Bank does not require any recordings to be made available to it.

Written Answers — Department of Finance: Banking Sector Issues (2 Jul 2013)

Michael Noonan: From the date of the nationalisation of Anglo Irish Bank on 16 January 2009, the Minister for Finance directed the bank to co-operate with all regulatory investigations. I am advised by the bank that they are fully co-operating and in that context the Bank has provided originals and/or copies of large data sets under compulsion/court order to the Chartered Accountants Regulatory Body (CARB),...

Written Answers — Department of Finance: Banking Sector Investigations (2 Jul 2013)

Michael Noonan: The Department does not have responsibility or insight into the investigations undertaken by the Gardaí or any other authorised investigating bodies. I have not been made aware of any gaps in information, including phone recordings, by the current or former auditors of IBRC/Anglo Irish Bank or by the Garda Síochána in relation to these matters. Under statute the Garda...

Written Answers — Department of Finance: Banking Sector Issues (2 Jul 2013)

Michael Noonan: I have been advised that the Joint Special Liquidators are investigating the possible source of the leak of the 'Anglo tapes' to the national newspapers. Based on the tapes disclosed up to Monday 1st July 2013 it appears that they form part of data sets that are held by the Bank and their advisors and which have been provided as part of the Regulatory Investigations and civil litigation which...

Written Answers — Department of Finance: Banking Sector Issues (2 Jul 2013)

Michael Noonan: I can confirm that neither I nor any official in the Department issued a request to Anglo for copies of recorded phone calls between bank employees prior to the release of such tapes by a national newspaper. The Department of Finance does not have statutory powers to investigate such matters. It would be completely inappropriate for the Department of Finance to act outside its legal powers...

Written Answers — Department of Finance: Banking Sector Investigations (2 Jul 2013)

Michael Noonan: The Department of Finance has fully complied with all on-going investigations into matters at Anglo Irish Bank by An Garda Síochána and the Office of the Director of Corporate Enforcement and the Investigation Team in the Garda Bureau of Fraud Investigation including the supply of all relevant documentation requested.

Written Answers — Department of Finance: Banking Sector Investigations (2 Jul 2013)

Michael Noonan: Neither the Department of Finance nor the Government were aware of the content of the recorded phone conversations at Anglo Irish Bank referred to in the question. The contents of the tapes were not raised with my Department by the Board of IBRC, I am not aware if Mr Dukes knew of their existence.

Written Answers — Department of Finance: Banking Sector Issues (2 Jul 2013)

Michael Noonan: As the Deputy will be aware banks are required to record phone calls for a variety of reasons. I have not sought access to these recordings as under statute the Garda Síochána are the body responsible for criminal investigations in the State. I understand that the Garda Bureau of Fraud Investigation have requested access to various documents/materials in the banks, including audio...

Written Answers — Department of Finance: Banking Sector Investigations (2 Jul 2013)

Michael Noonan: Under statute the Garda Síochána are the body responsible for criminal investigations in the State. The Department does not have responsibility or insight into the investigations undertaken by the Gardaí or the Central Bank. It would be completely inappropriate for the Department of Finance to act outside of its legal powers and interfere with any investigation that could...

Written Answers — Department of Finance: Tax Avoidance Issues (2 Jul 2013)

Michael Noonan: I welcome the recent European Council discussions on tax fraud, evasion, and aggressive tax planning that took place on the 22nd May. These discussions took place following on from a successful Ecofin meeting which I chaired on the 14th May, where council conclusions were agreed on the European Commission Action Plan to strengthen the fight against tax fraud and evasion, and associated...

Written Answers — Department of Finance: Mobile Telephony (2 Jul 2013)

Michael Noonan: The Multi Band Spectrum Auction was conducted by the Communications Regulator, who has statutory responsibility for the management of the Spectrum Asset. The auction took place on 15th November 2012, with the amount to accrue to the Exchequer being approximately €854 million. €450 million, associated with upfront fees, was surrendered to the Exchequer on 14/12/2012. Following...

Written Answers — Department of Finance: Tax Code (2 Jul 2013)

Michael Noonan: Section 14 of Finance Act 2012 introduced the Special Assignee Relief Programme which is designed to reduce the cost to employers of assigning key individuals in their companies from abroad to take up positions in the Irish based operations of their employer. For example, such individuals could be transferred to head up new divisions of the company and thus lead to additional investments in...

Written Answers — Department of Finance: Departmental Expenditure (2 Jul 2013)

Michael Noonan: In response to the Deputy’s question my Department provides shared accommodation services to the Department of Public Expenditure and Reform. Security services in respect of buildings occupied by staff of either Department are not outsourced. Cleaning services for buildings occupied by staff of both Departments are outsourced. My Department is in the process of completing a tender...