Results 18,001-18,020 of 27,945 for speaker:Michael McGrath

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2018: Committee Stage (Resumed) (8 Nov 2018)

Michael McGrath: I wish to make one further point. Does the Minister have any thoughts on the fact that the scale of the difference will encourage savers to put their money in a certain direction, that is, into products that are subject to the DIRT rate as opposed to the exit tax rate? Very often the products subject to the exit rate of tax offer higher returns. They are generally longer-term products. As...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2018: Committee Stage (Resumed) (8 Nov 2018)

Michael McGrath: I thank the Minister.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2018: Committee Stage (Resumed) (8 Nov 2018)

Michael McGrath: I move amendment No. 181:In page 142, between lines 19 and 20, to insert the following:“Withholding tax on peer to peer lending60.The Minister shall within three months of the passing of this Act, prepare and lay before the Oireachtas a report on the requirement for companies availing of peer to peer loan finance to withhold tax at 20 per cent of interest paid as required under section...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2018: Committee Stage (Resumed) (8 Nov 2018)

Michael McGrath: When will all of that happen?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2018: Committee Stage (Resumed) (8 Nov 2018)

Michael McGrath: In reality, if the withholding tax continues to apply in the interim will that not effectively stop the development of this sector in its tracks? If the Minister is talking about that number of forms having to be filled up, it is unworkable given the nature of these loans under peer to peer lending. The present position is that withholding tax must be applied and these forms must be...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2018: Committee Stage (Resumed) (8 Nov 2018)

Michael McGrath: I move amendment No. 183:In page 142, between lines 19 and 20, to insert the following:“Standard Fund Threshold in the case of a separation or a divorce 60.The Minister shall within three months of the passing of this Act, prepare and lay before the Oireachtas a report on how the Standard Fund Threshold on Tax Relieved Pension Funds is calculated in the case of a divorce or separation...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2018: Committee Stage (Resumed) (8 Nov 2018)

Michael McGrath: The Minister is effectively saying that the standard fund threshold is not divisible and so it cannot be separated - to use that unfortunate word. Let us take the example where a pension adjustment order dictates that a pension of €20,000 per year has to go to an ex-spouse. Is the Minister saying that we cannot then calculate what the related standard fund threshold amount is and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2018: Committee Stage (Resumed) (8 Nov 2018)

Michael McGrath: That does not happen to too many people.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2018: Committee Stage (Resumed) (8 Nov 2018)

Michael McGrath: I move amendment No. 184:In page 142, between lines 19 and 20, to insert the following:“Income volatility for the farming sector 60.The Minister shall within 3 months of the passing of this Act, prepare and lay before the Oireachtas a report on the feasibility of introducing further tax provisions and stabilisation tools to deal with income volatility for farm enterprises both in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2018: Committee Stage (Resumed) (8 Nov 2018)

Michael McGrath: I move amendment No. 185:In page 142, between lines 19 and 20, to insert the following:“Tax and fiscal treatment of landlords 60.The Minister shall within 3 months of the passing of this Act, prepare and lay before the Oireachtas a report on the implementation or non-implementation of the proposals outlined in the Report of the Working Group on the Tax and Fiscal Treatment of Rental...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2018: Committee Stage (Resumed) (8 Nov 2018)

Michael McGrath: Does the Minister take the view that the tax system has a role to play in recognising the value and importance of long-term tenancies? Does he believe it is good for our rental market to provide longer-term certainty to tenants? Would this help to get away from the current cycle whereby people are being served with a termination notice and have to try to find alternative accommodation in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2018: Committee Stage (Resumed) (8 Nov 2018)

Michael McGrath: I move amendment No. 186:In page 142, between lines 19 and 20, to insert the following:“Article 12 of the Multilateral Convention 60.The Minister shall within three months of the passing of this Act, prepare and lay before the Oireachtas a report on Article 12 of the Multilateral Convention and the reasons Article 12 has not been adopted.”.

African Development (Bank and Fund) Bill 2018: Second Stage (13 Nov 2018)

Michael McGrath: This is a very important Bill. We support the Government's decision that Ireland become a member of the bank and the fund. This is a €100 million commitment over eight years, split between capital, called-in capital to the bank and the contribution to the development fund, amounting to €12.4 million per annum. This is much more than a monetary commitment. It is important...

Written Answers — Department of Health: Hospital Consultant Remuneration (13 Nov 2018)

Michael McGrath: 302. To ask the Minister for Health his plans to review the policy on the reduced pay level that applies to medical consultants recruited since 2012; and if he will make a statement on the matter. [46565/18]

Written Answers — Department of Health: Autism Support Services (13 Nov 2018)

Michael McGrath: 373. To ask the Minister for Health to outline the therapy intervention services that will be provided to a child (details supplied) in County Cork who has received a diagnosis of autism spectrum disorder; and if he will make a statement on the matter. [46789/18]

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (13 Nov 2018)

Michael McGrath: 599. To ask the Minister for Housing, Planning, and Local Government the number of applications submitted to date under the Rebuilding Ireland home loan scheme; the number of applications that have been approved to date; the number and value of mortgages that have been drawn down to date by local authorities; the average length of time from the point of application to approval; and if he will...

Written Answers — Department of Housing, Planning, and Local Government: Social and Affordable Housing (13 Nov 2018)

Michael McGrath: 605. To ask the Minister for Housing, Planning, and Local Government when he plans to commence the Housing (Miscellaneous Provisions) Act 2009 to allow purchasers under the new affordable dwelling purchase arrangements to remortgage or top-up their mortgages without triggering the clawback; and if he will make a statement on the matter. [46515/18]

Written Answers — Department of Housing, Planning, and Local Government: Local Authority Finances (13 Nov 2018)

Michael McGrath: 638. To ask the Minister for Housing, Planning, and Local Government the amount owed by each local authority in relation to various forms of borrowings; and if he will make a statement on the matter. [47075/18]

Written Answers — Department of Culture, Heritage and the Gaeltacht: Arts Centres (13 Nov 2018)

Michael McGrath: 668. To ask the Minister for Culture, Heritage and the Gaeltacht the position on the request for additional funding for a project (details supplied); when a final decision will be made; and if she will make a statement on the matter. [47085/18]

Local Government Bill 2018: Second Stage (Resumed) (15 Nov 2018)

Michael McGrath: I welcome the opportunity to speak on the Local Government Bill 2018. As the Minister of State knows, it has taken some time to get here. There have been a number of attempts and various iterations. I welcome that the legislation providing for the expansion of the Cork city boundary is now before the House. I was probably in a minority in that I was open to the idea of a single authority...