Results 17,061-17,080 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Debt Collectors Regulation (9 Oct 2014)

Michael Noonan: The Central Bank confirmed to me that Debt Collection Firms, that is, firms that seek to collect debt due on behalf of creditors are not subject to authorisation and supervision in their own right by the Central Bank of Ireland.  The Central Bank of Ireland does, however, authorise and supervise debt management firms which provide advice to and /or negotiate on behalf of consumers in...

Written Answers — Department of Finance: Financial Services Regulation (9 Oct 2014)

Michael Noonan: As the Deputy will be aware, the Central Bank of Ireland has recently published a Consultation Paper on macro-prudential policy for residential mortgage lending which sets out proposals to introduce new macro-prudential measures to enhance the resilience of the banking sector and households to housing market developments. The proposed measures outline restrictions on the loan to...

Written Answers — Department of Finance: Pensions Levy (9 Oct 2014)

Michael Noonan: The position in this matter is that I announced in my Budget 2014 speech that the 0.6% Pension Fund Levy introduced to fund the Jobs Initiative in 2011 would be abolished after this year. I did, however, introduce an additional levy on pension fund assets at a rate of 0.15% for 2014 and 2015. I did this to continue to help fund the Jobs Initiative and also to help make provision for potential...

Written Answers — Department of Finance: Tax Reliefs Application (9 Oct 2014)

Michael Noonan: The graduate entry programme provides undergraduate medical education of four years duration and has been developed to produce medical graduates with the ability to successfully undertake an internship and thereafter to gain full registration with the Medical Council. The programme is supported by a combination of student fees, State funding and other income.   While in this...

Written Answers — Department of Finance: Revenue Commissioners Resources (9 Oct 2014)

Michael Noonan: I am advised by the Revenue Commissioners that in 2011 the opening hours of the five public counter locations in Revenue's East and South East region were reduced, following an overall reduction in demand for these services.  This reduction in hours included the public office located at Anne St. Wexford.  Taking account of the reduced demand for service at the public offices, and...

Written Answers — Department of Finance: Tax Code (9 Oct 2014)

Michael Noonan: It is not my practice to comment on what measures may or may not be introduced in advance of the Budget.

Written Answers — Department of Finance: Public Sector Staff Data (9 Oct 2014)

Michael Noonan: I wish to advise the Deputy that there are currently 5 staff on temporary contracts in my Department. In relation to bodies under the remit of my Department, I have been advised by the Credit Union Restructuring Board (ReBo) that there are 7 staff members on temporary contracts and in relation to the the Revenue Commissioners, as of 30 September 2014 a total of...

Written Answers — Department of Finance: Public Sector Staff Data (9 Oct 2014)

Michael Noonan: I wish to advise the Deputy that there have been no contracts of indefinite duration sought or granted in the years 2007 to date in 2014. However I have been advised by the Central Bank that in their recruitment process, a role is either Fixed-Term Contract or Contract of Indefinite Duration at the time of recruitment and as such a person is recruited on this basis. If a person is...

Financial Resolutions 2015 - Budget Statement 2015 (14 Oct 2014)

Michael Noonan: When the Government took office in March 2011, we set out a plan to regain control of Ireland’s fiscal and economic policies, to grow the economy and to get people back to work. Many people both inside and outside this House believed that we, as a Government, would fail and opposed each and every step we took along the way. The Government did not fail. We exited the bailout. The...

Financial Resolutions 2015 - Budget Statement 2015 (14 Oct 2014)

Michael Noonan: We must secure a new economy for a new Ireland. Of course, we must continue to deal with the legacy issues of the economic crisis, and we will do so, but today is about looking forward. It is about building for the future upon this solid foundation that has been so painstakingly laid. Macro-economic, fiscal and financial framework As a result of the policies pursued by the Government and...

Financial Resolutions 2015 - Budget Statement 2015 (14 Oct 2014)

Michael Noonan: The roadmap responds to a changing international environment and ensures that we continue to attract and retain companies of real substance offering real jobs. The roadmap will improve Ireland’s research and development, R&D, regime by fully phasing out the R&D base year from 1 January 2015; enhance Ireland’s existing intangible asset tax provisions to make Ireland an...

Financial Resolutions 2015 - Budget Statement 2015 (14 Oct 2014)

Michael Noonan: In the light of reports of rising prices in this sector, it is incumbent on the industry to ensure that this relief continues to be passed through fully to the consumer. However, let me be very clear, the taxpayer cannot be the only stakeholder keeping costs down in the sector. If prices begin to rise, the case for retaining the measure diminishes. The reduction in the VAT rate for...

Financial Resolutions 2015 - Budget Statement 2015 (14 Oct 2014)

Michael Noonan: The Government is doing its part to overcome the challenges and remove the roadblocks to a fully functioning property market. It is up to the other stakeholders to follow suit. There is a view that owners of zoned and serviced land are waiting for higher prices and that is why they are not taking steps to develop their land or sell it to others who will. I will launch a public consultation...

Financial Resolutions 2015 - Budget Statement 2015 (14 Oct 2014)

Michael Noonan: I have said on many occasions that small and medium enterprises, SMEs, are the lifeblood of our economy and play a crucial role in economic and employment growth. This Government has introduced a range of initiatives to support the SME sector to grow and create jobs. Financing SME growth The strategic banking corporation of Ireland, which is expected to be formally launched at the end of...

Financial Resolutions 2015 - Budget Statement 2015 (14 Oct 2014)

Michael Noonan: -----increasing the entry point to the second rate of USC from just over €10,000 to just above €12,000 and the upper ceiling for this band is increasing from just over €16,000 to just above the level of the minimum wage; reducing the 2% USC rate to 1.5%; reducing the 4% USC rate to 3.5%; increasing the income tax standard rate band by €1,000 to €33,800 for...

Financial Resolutions 2015 - Budget Statement 2015 (14 Oct 2014)

Michael Noonan: We will continue to ease the burden on those in the middle in a targeted manner without giving disproportionate benefits to those on the highest incomes. The 52% marginal rate will be lowered further while ensuring those on higher incomes continue to pay their fair share. Progressivity will be copper-fastened by giving greater importance to USC at higher incomes so that the capacity of...

Financial Resolutions 2015 - Budget Statement 2015 (14 Oct 2014)

Michael Noonan: -----with a pro rataincrease on other tobacco products.

Financial Resolutions 2015 - Budget Statement 2015 (14 Oct 2014)

Michael Noonan: This will bring the price of cigarettes in the most popular price category to €10. In addition, a pouch of roll-your-own tobacco will increase by a further 20 cent per 25g pack. Revenue is also being raised through previously provided-for changes in the betting duty and as a result of changes in VAT rules at European Union level. Collectively, the revenue-raising measures in the...

Financial Resolutions 2015 - Budget Statement 2015 (14 Oct 2014)

Michael Noonan: Actually, I am not raising any other taxes at all because I am able to fund the costs of these reforms and incentives through improved tax revenues arising from economic growth and expenditure restraint. Conclusion Both the taxation and expenditure sides of this year's budget are designed to support and broaden the economic recovery that we are now experiencing. Available resources have...

Financial Resolutions 2015 - Budget Statement 2015 (14 Oct 2014)

Michael Noonan: I will read that again, in case Deputy McGrath did not hear it.