Results 12,081-12,100 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: IBRC Liquidation (18 Jul 2013)

Michael Noonan: I acknowledge the significant efforts and commitment made by the staff in IBRC over the past few difficult years whilst the bank was in wind down and the difficulties that arise for staff as a result of the liquidation but it was necessary to take the decision to liquidate IBRC in the larger public interest. I am sure the staff will continue to work to ensure a satisfactory outcome for Irish...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (18 Jul 2013)

Michael Noonan: The Special Liquidators of IBRC have been directed to procure that the valuation of IBRC’s assets is completed by 30 November 2013. This valuation is being undertaken by independent third parties in accordance with the Ministerial Instruction provided to the Special Liquidators. The Special Liquidators have appointed UBS and PWC to value different segments of the IBRC loan portfolio....

Written Answers — Department of Finance: IBRC Liquidation (18 Jul 2013)

Michael Noonan: On 10 May 2013, an amendment to the Ministerial Instruction was issued to the Special Liquidators providing further instruction on the deadlines to be met for the valuing and subsequent sale of IBRC assets. Per this revised Instruction, the Special Liquidators are obliged to ensure that the valuation of all IBRC assets is completed by 30 November 2013 and that the sale of all IBRC assets is...

Written Answers — Department of Finance: IBRC Liquidation (18 Jul 2013)

Michael Noonan: I have been advised that the Special Liquidators are aware of a number of depositors who fall outside the eligibility criteria for the ELG Scheme due to the nature of the investment product. Unfortunately, if a deposit is not eligible under the ELG scheme the depositor will rank as an unsecured creditor in the liquidation. At the time that this investment product was purchased by Credit...

Written Answers — Department of Finance: NAMA Portfolio Issues (18 Jul 2013)

Michael Noonan: NAMA advises that detail on the breakdown of property securing its loans, by asset class and county, is provided in its Annual Report and Financial Statements for 2011, which is available on the NAMA website, www.nama.ie. NAMA is prohibited under Section 99 and 202 of the NAMA Act from disclosing confidential information, including in respect of individual debtor properties. A full list of...

Written Answers — Department of Finance: Banking Sector Remuneration (18 Jul 2013)

Michael Noonan: As the Deputy will be aware I provided the following information in response his question no. 192 (51096/12) of 20 November 2012 - AIB BOI IBRC PTSB Number of staff on total remuneration package (including pension payments, allowances, expenses and benefits of between €100,000-€200,000 1,159 1,110 190 164 Number of staff on total remuneration package (including pension...

Written Answers — Department of Finance: Exchequer Revenue (18 Jul 2013)

Michael Noonan: Unfortunately, it was not possible to collate the information required for this answer in the time allowed. I will provide the Deputy with the answer in writing shortly.

Written Answers — Department of Finance: Ministerial Staff (18 Jul 2013)

Michael Noonan: Since my appointment as Minister for Finance on 9 March 2011, the following staff have been appointed to my private office: GRADE SALARY SCALE (per annum) Wholetime Equivalent 1 Private Secretary €29,922 - €56,465 1.00 2 Executive Officers (EO) €29,024 - €47,379 1.00 1 Clerical Officer (CO) €23,177- €37,341 1.00 2 Clerical Officers (CO)...

Written Answers — Department of Finance: Exchequer Savings (18 Jul 2013)

Michael Noonan: In my Department, I have appointed Mary Kenny and Eoin Dorgan as special advisors. Their salaries are outlined below. Name Salary at 30 June 2013 Salary from 1 July 2013 (post implementation of the Haddington Road Agreement) Mary Kenny €89,898 €84,706 Eoin Dorgan €86,604 €81,676 The payscales for Principal are outlined below: Date - 1 2 3 4 5 6 7...

Written Answers — Department of Finance: Money Laundering (18 Jul 2013)

Michael Noonan: Officials of my Department are continuing to explore with the National Treasury Management Agency (NTMA) whether or not exemptions available under the Third Money Laundering Directive (2005/60/EC) and its Implementing Directive (2006/70/EC) may be applied to small value purchases of prize bonds facilitated on behalf of the State by An Post and the Prize Bond Company.

Written Answers — Department of Finance: Tax Reliefs Abolition (18 Jul 2013)

Michael Noonan: It should be noted that relief for qualifying dental insurance policies is allowed as part of the general relief for medical insurance since 2004 and is not identified separately for statistical purposes. On that basis, I am informed by the Revenue Commissioners that the cost to the Exchequer of tax relief allowed through the tax relief at source (TRS) system for medical insurance premia in...

Written Answers — Department of Finance: Tax Reliefs Cost (18 Jul 2013)

Michael Noonan: Section 473 of the Taxes Consolidation Act, 1997 provides tax relief at the standard rate to individuals who pay for private rented accommodation that is used as their sole or main residence. The level of rent qualifying for rent relief depends on an individual’s marital status and age. In Budget 2011, it was announced that rent relief was being withdrawn on a phased basis. No new...

Written Answers — Department of Finance: Tax Exemptions (18 Jul 2013)

Michael Noonan: It is assumed that the imposition of a cap of €30,000 would have the effect of withdrawing the tax exemption from all qualifying income in excess of €30,000. The full year yield to the Exchequer, estimated by reference to the tax year 2010, the latest year for which the necessary detailed information is available, is approximately €1.3 million. However, this figure does...

Written Answers — Department of Finance: Tax Reliefs Abolition (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the estimated full year cost to the Exchequer of income tax relief for medical expenses is €127 million in respect of the income tax year 2010, the latest year for which the relevant information is available. On this basis, the full year yield to the Exchequer of abolishing this relief would be of the same order.

Written Answers — Department of Finance: Tax Exemptions (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the estimated full year yield to the Exchequer, estimated by reference to 2013 incomes, of reducing the age exemption limit in the manner mentioned by the Deputy would be of the order of €24 million. It should be noted that, if the age exemption limit for single individuals was reduced in the manner as set out in the question, it would...

Written Answers — Department of Finance: Tax Reliefs Abolition (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the estimated full year cost to the Exchequer of income tax relief for expenditure on significant buildings and gardens is €3.9 million in respect of the income tax year 2010, the latest year for which all the relevant information is available. In Finance Act 2010 however, the relief available to passive investors under the scheme was...

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield, estimated by reference to 2013 incomes, of increasing the universal social charge by either 1 percentage point, 2 percentage points or 3 percentage points for all income earners with incomes in excess of €80,000 is set out in the table below: Rate increase Full Year Yield From PAYE Income Earners earning in excess...

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield, estimated by reference to 2013 incomes, of increasing the universal social charge by either 1 percentage point, 2 percentage points or 3 percentage points for all income earners with incomes in excess of €90,000 is set out in the table below: Rate increase Full Year Yield From PAYE Income Earners earning in excess...

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield, estimated by reference to 2013 incomes, of increasing the universal social charge by either 1 percentage point, 2 percentage points or 3 percentage points for all income earners with incomes in excess of €100,000 is set out in the table. Rate increase Full Year Yield From PAYE Income Earners earning in excess of...

Written Answers — Department of Finance: Tax Yield (18 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners that the full year yield, estimated by reference to 2013 incomes, of increasing the universal social charge by either 1 percentage point, 2 percentage points or 3 percentage points for all income earners with incomes in excess of €120,000 is set out in the table. Rate increase Full Year Yield From PAYE Income Earners earning in excess of...