Results 1,221-1,240 of 27,019 for speaker:Michael Noonan

Finance Bill 2011: Committee Stage (26 Jan 2011)

Michael Noonan: I wish to hear the comments of the Minister of State on this section.

Finance Bill 2011: Committee Stage (26 Jan 2011)

Michael Noonan: I wish to hear the comments of the Minister of State on this section.

Finance Bill 2011: Committee Stage (26 Jan 2011)

Michael Noonan: I presume the Revenue Commissioners accept payment in cash.

Finance Bill 2011: Committee Stage (26 Jan 2011)

Michael Noonan: Will they accept payment in cash other than in euro?

Finance Bill 2011: Committee Stage (26 Jan 2011)

Michael Noonan: Yes. Many people have sterling around, as we know.

Finance Bill 2011: Committee Stage (26 Jan 2011)

Michael Noonan: The proposed section 76(1)(d) is on the double taxation relief on taxes on income with Hong Kong. The Minister of State will recall that we had a discussion-----

Finance Bill 2011: Committee Stage (26 Jan 2011)

Michael Noonan: -----about this at a committee meeting. I am not fully convinced that the withholding tax on transfers from Hong Kong is appropriate and may continue to be a disincentive for investment in the Irish Financial Services Centre. Has the Minister of State or his officials had any second thoughts on the matter?

Finance Bill 2011: Committee Stage (26 Jan 2011)

Michael Noonan: The Minister of State said he was doing it because he thought there might be a vehicle for evasion; one could say that about anything.

Finance Bill 2011: Committee Stage (26 Jan 2011)

Michael Noonan: The Minister of State should not be giving up too soon.

Business of Dáil (26 Jan 2011)

Michael Noonan: Before the Minister of State moves the adjournment, may I ask what is the schedule for Report Stage tomorrow and whether a voting schedule has been drawn up. We seem to have moved very rapidly this evening and there are not many matters of substance that need much time on Report Stage. I do not want to agree any schedule that ties us into a lengthy sitting that may not be necessary.

Business of Dáil (26 Jan 2011)

Michael Noonan: I agree to that suggestion.

Finance Bill 2011: Motion. (27 Jan 2011)

Michael Noonan: If it is not irrelevant I would like to return to the order for the Finance Bill as that is what we are here for. Supposing we proceed more rapidly and Report Stage concludes before 5 p.m., at what time is Fifth Stage scheduled and when will the vote for the passing of the Bill take place?

Finance Bill 2011: Motion. (27 Jan 2011)

Michael Noonan: I asked the question because I wonder if it is a satisfactory position for the Whip.

Finance Bill 2011: Motion. (27 Jan 2011)

Michael Noonan: I know it is always the sequence. Committee Stage went down last night earlier than expected. There was no vote at that point. After Report Stage we will move to Fifth Stage and out of delicacy and interest - the Whips have a difficult job - I wonder if the vote is brought forward from 5 p.m. will the troops be lined up? What would happen if we go down at 2.30 p.m., for example?

Finance Bill 2011: Motion. (27 Jan 2011)

Michael Noonan: They will be here all right.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Michael Noonan: I support this amendment in general terms. It is a good idea and should be normal practice when a Minister proposes changes in the tax code and particularly ones that involve tax increases. This arises from our previous debate on tax breaks, specifically on section 23 and capital allowances. While some people are against these in principle, I am not. By and large, people respond to the...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Michael Noonan: There was the penance as well. The Deputy forgot that.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Michael Noonan: Other speakers referred to the extent that the bonus system caused great difficulties in banking. Certain officers, particularly at senior level in banks, were incentivised to be reckless. That was the bottom line of the bonus culture. Bonuses related to activity or profit generated by senior bankers contained the seeds of the downfall of the banks. It is a culture that spread from the...

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Michael Noonan: Wait until Gerry comes.

Finance Bill 2011: Report and Final Stages (27 Jan 2011)

Michael Noonan: I support the spirit of this amendment. We did some work on this area in the Fine Gael Party prior to the budget. The House knows that one of the conditions negotiated by the Government with the IMF and the European institutions is that the higher rate of VAT at 21% will be increased to 23% in two moves of a 1% increase on each occasion. When we examined this in our party we decided that...