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Finance Bill 2011: Second Stage (Resumed) (26 Jan 2011)

Brian Lenihan Jnr: I will now turn to the banking system and the serious challenges facing the State in this regard. Deputies Noonan, O'Donnell and Maureen O'Sullivan raised the question of burden sharing. This is provided for in the Credit Institutions (Stabilisation) Act 2010. We know senior bondholders rank equally with depositors in having claims in Irish banks. We know the long debate in Ireland on the...

Finance Bill 2011: Second Stage (Resumed) (26 Jan 2011)

Brian Lenihan Jnr: -----because we are in an arrangement whereby our funding comes from the European Central Bank and any progress in this area will have to be made in co-operation with it. It will not be possible to take unilateral measures in this respect and any party which in the course of the campaign promises unilateral default measures is misleading and deceiving the people. Deputy Noonan raised the...

Finance Bill 2011: Second Stage (Resumed) (26 Jan 2011)

Brian Lenihan Jnr: No, it is a matter for the House to determine whether it wishes to vote for the Finance Bill. This has been a tremendous week in one sense in that political parties on all sides have had to face up to their responsibilities for once. I hope we can face up to our responsibilities in the course of the national debate that is now beginning. One thing about the Finance Bill which has become...

Finance Bill 2011: Financial Resolutions (26 Jan 2011)

Brian Lenihan Jnr: I move the following Resolutions: THAT the Taxes Consolidation Act 1997 (No. 39 of 1997) be amended in the manner and to the extent specified in the Act giving effect to this Resolution to provide for the introduction of universal social charge. THAT section 470B of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for an age-related tax credit in respect of private health...

Finance Bill 2011: Committee Stage (26 Jan 2011)

Brian Lenihan Jnr: If I might assist the House on this matter, is this the pay and file issue, a stand-alone section?

Finance Bill 2011: Committee Stage (26 Jan 2011)

Brian Lenihan Jnr: We have moved past the pay and file issue.

Written Answers — Pension Provisions: Pension Provisions (26 Jan 2011)

Brian Lenihan Jnr: Membership of the Public Sector Transfer Network is voluntary. The former Irish Sugar Company made a decision not to join and, now that the company no longer exists, that decision cannot be reversed.

Written Answers — Proposed Legislation: Proposed Legislation (26 Jan 2011)

Brian Lenihan Jnr: Apart from the 2011 Finance Bill, I do not envisage bringing forward any further legislative proposals before the anticipated dissolution of this Dáil. Other legislative proposals that have been approved by Government or that have been under consideration in my Department are set out in the table. Title Purpose of Bill Heads of Bill approved by Government NAMA Amendment Bill To fulfil...

Written Answers — Tax Code: Tax Code (26 Jan 2011)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that income tax was deducted from the pension of the person in question following the changes that I announced in Budget 2011 to the Personal, Employee (PAYE) and Aged tax credits. In addition, the person in question is now liable for deductions under the new Universal Social Charge. If the taxpayer in question wishes to contact their local Revenue...

Finance Bill 2011: Motion. (27 Jan 2011)

Brian Lenihan Jnr: I am very happy to deal with the matter because once again Deputy Gilmore has displayed considerable constitutional ignorance. The Government has no function-----

Finance Bill 2011: Motion. (27 Jan 2011)

Brian Lenihan Jnr: I hope the Deputy will get in training for the high offices to which he aspires.

Finance Bill 2011: Motion. (27 Jan 2011)

Brian Lenihan Jnr: The position, of course, is that the Government does not dissolve the Dáil and has no function in regard to its dissolution. The President dissolves the Dáil on the advice-----

Finance Bill 2011: Motion. (27 Jan 2011)

Brian Lenihan Jnr: -----of the Taoiseach and that is a matter that lies between the President and the Taoiseach.

Finance Bill 2011: Motion. (27 Jan 2011)

Brian Lenihan Jnr: Subject to the Ceann Comhairle's ruling and procedures of the House, the Government can proceed directly to Fifth Stage if that is the wish.

Finance Bill 2011: Motion. (27 Jan 2011)

Brian Lenihan Jnr: There is an agreed schedule for the business today and the Government will comply with it. If there are reasonable requests for variations, we will examine them as we proceed.

Finance Bill 2011: Motion. (27 Jan 2011)

Brian Lenihan Jnr: That is the way to deal with the matter. I do not wish to get involved in the ordering of the House beyond that. Deputy Gilmore introduced an extraneous matter which I must refer to as he was allowed to deal with the matter on the record of the House. He suggested that the Taoiseach was somehow under an obligation to furnish his resignation forthwith but he is not. The procedures of the...

Finance Bill 2011: Motion. (27 Jan 2011)

Brian Lenihan Jnr: By agreement, the motions of confidence have been deferred until next Tuesday. The House must express its will.

Finance Bill 2011: Motion. (27 Jan 2011)

Brian Lenihan Jnr: The Taoiseach made the point the other day that for too long there has been a constant insinuation that properly constituted and nominated officeholders, appointed by the President, have no authority because they do not have a mandate arising from an opinion poll or from an undefined and ascertained parliamentary procedure.

Finance Bill 2011: Motion. (27 Jan 2011)

Brian Lenihan Jnr: That is the clear implication of Deputy Gilmore's comments this morning and from the last two years. Now that we are submitting ourselves to the people, we should show a little more respect for our representative institutions.

Finance Bill 2011: Financial Resolution (27 Jan 2011)

Brian Lenihan Jnr: I move the following Resolution: THAT the Taxes Consolidation Act 1997 (No. 39 of 1997) be amended in the manner and to the extent specified in the Act giving effect to this Resolution to provide for the introduction of universal social charge and excess bank remuneration charge.

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