Results 13,981-14,000 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Jobs, Enterprise and Innovation: Work Permits Applications (21 Feb 2017)

Michael McGrath: 631. To ask the Minister for Jobs, Enterprise and Innovation the position regarding an application for a work permit by a person (details supplied) in County Cork; when she expects the application to be processed; and if she will make a statement on the matter. [8191/17]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Michael McGrath: I thank Mr. Kissane for his attendance and opening presentation. Like Deputy Doherty, I thank him for all the work he continues to do for affected customers. I will start by addressing the overall numbers that are involved. Is Mr. Kissane satisfied that the numbers being quoted by the Central Bank and the banks are broadly accurate? The Central Bank's statement indicates a figure of 8,200...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Michael McGrath: I will come back to the rates issue, but is it Mr. Kissane's view that the official figures put out by the Central Bank and the banks are still understating the problem?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Michael McGrath: As of today, how many customers been put back on the correct tracker rate? That is the key issue. As Mr. Kissane said, we have to stop the offender offending. It seems from talking to customers and listening to the Central Bank and the banks that in the vast majority of cases people are still being overcharged. What is the true picture of the number of customers who are affected by this,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Michael McGrath: Our frustration is that we cannot even get answers to simple questions, including the question of how many customers in each bank, which customers those banks acknowledge are affected, are now paying the correct rate. That is very frustrating. No timeline has been given by the Central Bank for reinstatement of the correct rate for individual customers. Therefore, we do not know how long...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Michael McGrath: On the key issue of the rate that customers are put back on, the nature of a tracker mortgage rate is that the only variable element is the ECB rate, and yet AIB is reinstating customers at 3.67% and Permanent TSB at 3.25%, to which Mr. Kissane alluded. What could be the possible basis for them doing that? What could be the legal justification? If they are going to inevitably lose this...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Michael McGrath: That is what they are trying to do.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Michael McGrath: Who will be the ultimate arbitrator on these issues if the Central Bank investigation merely roles on and on? Where will a customer ultimately get justice? Is it before the courts, is it with the Financial Services Ombudsman, is it with the Central Bank or will the Oireachtas have to bring in legislation to give a definitive interpretation of these issues?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Michael McGrath: Is Mr. Kissane convinced that the banks deliberately, knowingly and willfully denied mortgage customers their contractual right to be on a tracker interest rate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Michael McGrath: There is no question that they would have a motivation to do so. They would have a direct economic interest in doing so. However, it is another step to say that is was definitely deliberate and it is a very serious allegation to make.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Michael McGrath: Finally, Mr. Kissane stated that he believed between 5% and 10% of the cases involved here would have involved the loss of the home through one means or another. If, potentially, we are talking about 20,000 cases here, is Mr. Kissane saying that between 1,000 and 2,000 customers or families lost their home unnecessarily because they were overcharged on this tracker issue?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Michael McGrath: Are buy-to-let loans included in the examination?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Michael McGrath: They are included in the figures.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Discussion (Resumed) (21 Feb 2017)

Michael McGrath: Is Mr. Kissane satisfied that the digging into the system that the banks are doing will capture accounts that have been closed for a number of years? People may have sold their home, and the tracker account could be closed since 2010. Is Mr. Kissane satisfied they are being examined and captured?

Written Answers — Department of Finance: Tax Yield (23 Feb 2017)

Michael McGrath: 123. To ask the Minister for Finance the yield from inheritance tax in each of the years 2011 to 2016; and if he will make a statement on the matter. [9321/17]

Written Answers — Department of Finance: Tax Yield (23 Feb 2017)

Michael McGrath: 124. To ask the Minister for Finance the approximate number of inheritance cases that resulted in a liability for capital acquisitions tax in each of the years 2011 to 2016; and if he will make a statement on the matter. [9322/17]

Written Answers — Department of Finance: Tax Yield (23 Feb 2017)

Michael McGrath: 125. To ask the Minister for Finance the cost of agricultural relief, business relief, favoured nephew status and dwelling house relief against capital acquisitions tax and the number of claims received for each of these in each of years 2011 to 2016 in tabular form; and if he will make a statement on the matter. [9323/17]

Written Answers — Department of Finance: Tax Yield (23 Feb 2017)

Michael McGrath: 126. To ask the Minister for Finance the revenue raised by the carbon levy on each product on which it is applied in each of the years 2013 to 2016, in tabular form; and if he will make a statement on the matter. [9324/17]

Written Answers — Department of Finance: Tax Yield (23 Feb 2017)

Michael McGrath: 127. To ask the Minister for Finance the yield from excise duty and value added tax on the sale of alcoholic products in each of the years 2011 to 2016, in tabular form;; and if he will make a statement on the matter. [9325/17]

Written Answers — Department of Finance: Tax Yield (23 Feb 2017)

Michael McGrath: 128. To ask the Minister for Finance the total amount of taxation raised from motorists in each of the years 2012 to 2016 from mineral oil tax, VRT, VAT, carbon tax and motor tax, including driver licensing receipts; and if he will make a statement on the matter. [9326/17]