Results 18,381-18,400 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tax Yield (29 Jan 2015)

Michael Noonan: It is estimated that the place of supply changes will lead to a net gain to Ireland in VAT revenues of €100m in 2015 and 2016, €125m in 2017 and 2018 and €150m in 2019 and subsequent years.  The VAT estimate is graduated over four years because it was agreed at EU level during negotiations on the place of supply changes to include transitional measures.  The...

Written Answers — Department of Finance: Ministerial Appointments (29 Jan 2015)

Michael Noonan: In response to the Deputy, I can confirm that there were no representations in written or oral form received from this member seeking persons to be appointed to positions that fall under my remit since March 2011.

European Debt: Motion [Private Members] (3 Feb 2015)

Michael Noonan: I move amendment No. 1:To delete all words after “Dáil Éireann” and substitute the following:“acknowledges that the financial crisis exposed flaws in the euro area’s design; notes the significant enhancements to the economic, fiscal and banking frameworks in the European Union since the crisis; acknowledges that sustainable growth and job creation...

European Debt: Motion [Private Members] (3 Feb 2015)

Michael Noonan: I thank Deputy Catherine Murphy for tabling the motion, which allows us to discuss a very important issue for Ireland and Europe. I hope that in our discussions over the next two evenings we can have a reasonable debate on an issue that is currently at the centre of much dialogue in the euro area. At the heart of the initial motion proposed is the idea that public debt in Ireland and some...

European Debt: Motion [Private Members] (3 Feb 2015)

Michael Noonan: I did not refer to anybody who spoke this evening. I spoke about the people who advocate default.

European Debt: Motion [Private Members] (3 Feb 2015)

Michael Noonan: That is not what I actually said. I spoke about those who advocate default but I was not referring to people in this Chamber. This Government will continue to work to broaden and deepen the economic recovery that is taking place across the country. I thank Deputy Catherine Murphy and the other Deputies who signed their names to this motion for giving this House the opportunity to debate an...

Written Answers — Department of Finance: Corporation Tax Regime (3 Feb 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the number of companies that returned profits under the tonnage tax regime on Corporation Tax returns for the years 2003 to 2012, the latest year available, is as set out in the following table: Year Number of Companies Estimated Corporation Tax Liability on Profits Returned Under the Tonnage Tax Regime €m 2003 * * 2004 8 0.1 2005...

Written Answers — Department of Finance: Energy Prices (3 Feb 2015)

Michael Noonan: My Department monitors and advises on all developments that can impact on the economy, including oil price movements. The price of Brent crude oil has fallen by about 45 per cent in euro terms (nearly 50 per cent in US dollar terms) since the end of September, when the macroeconomic projections that underpin Budget 2015 were finalised. For the most part this is a positive development, and...

Written Answers — Department of Finance: Tax Code (3 Feb 2015)

Michael Noonan: I am informed by the Revenue Commissioners that tax legislation provides for a limit or ceiling on the total capital value of tax-relieved pension benefits that an individual can draw down in his or her lifetime from all of that individual's pension arrangements. This is known as the Standard Fund Threshold (SFT) and was introduced on 7 December 2005 and reduced on a number of occasions...

Written Answers — Department of Finance: Financial Services Regulation (3 Feb 2015)

Michael Noonan: Ireland supports enhanced regulation of money market funds to minimise system-wide risks and we are open to the consideration of necessary change in this area. However, the European Commission's original proposal on Money Market Funds (MMF) and in particular the proposed capital buffer to be applied to constant net asset value MMFs, would in my view do considerable damage to the constant net...

Written Answers — Department of Finance: Eurozone Crisis (3 Feb 2015)

Michael Noonan: Since May 2010, the euro area Member States and the International Monetary Fund (IMF) have been providing financial support to Greece through an Economic Adjustment Programme in the context of a sharp deterioration in its financing conditions. The Eurogroup agreed to activate stability support to Greece via bilateral loans centrally pooled by the European Commission. At year-end 31 December...

Written Answers — Department of Finance: Pension Provisions (3 Feb 2015)

Michael Noonan: It is understood that the Deputy s reference to the public service pension levy relates to the Public Service Pension Reduction (PSPR) Not all of the information sought by the Deputy is available. This is due in particular to the fact that members of pension schemes are not charged with paying the stamp duty levy on pension fund assets introduced in 2011 to pay for the Jobs Initiativeand...

Written Answers — Department of Finance: Public Sector Staff Recruitment (3 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that based on current staffing levels and projected retirements during 2015 Revenue will require to fill critical posts at all grades this year. Under a delegated sanction received from the Department of Public Expenditure and Reform the Revenue Commissioners are obliged to fill posts in the first instance by reference to the Public Service...

Written Answers — Department of Finance: Bond Markets (3 Feb 2015)

Michael Noonan: As the Deputy is aware bond market yields and their valuations are determined by market participants and not by the Irish authorities. Investors will continue to value Irish sovereign bonds based on Ireland's underlying economic and fiscal fundamentals and relative to its sovereign peers. Ireland is making good economic and fiscal progress after a number of difficult years and is now...

Written Answers — Department of Finance: European Central Bank (3 Feb 2015)

Michael Noonan: I propose to take Questions Nos. 238 and 239 together. Price stability in the euro area has been defined as annual inflation of close to but not exceeding 2 per cent (inflation being measured by the Harmonised Index of Consumer Prices). Inflation in the euro area has been below levels consistent with price stability for some time and, in fact, has been in negative territory for two...

Written Answers — Department of Finance: Banks Recapitalisation (3 Feb 2015)

Michael Noonan: There is no intention to take the actions which the Deputy has referred to.

Written Answers — Department of Finance: Departmental Expenditure (3 Feb 2015)

Michael Noonan: The information requested by the Deputy could not be collated in the time available. I will respond directly to the Deputy as soon as possible.

Written Answers — Department of Finance: Departmental Expenditure (3 Feb 2015)

Michael Noonan: The information requested by the Deputy could not be collated in the time available. I will respond directly to the Deputy as soon as possible.

Written Answers — Department of Finance: VAT Rate Application (3 Feb 2015)

Michael Noonan: I am advised by the Revenue Commissioners that in general the VAT Directive does not permit Member States to have a rate of VAT that is higher for goods sold online than for the same goods sold in a high street shop. There may be circumstances where differential rates apply to similar supplies; these arise where the on-line supply constitutes the supply of a service and the high street...

Written Answers — Department of Finance: Public Relations Contracts Data (3 Feb 2015)

Michael Noonan: My Department did not hire any external public relations firms during the period 2007 10.