Results 19,301-19,320 of 27,945 for speaker:Michael McGrath
- Written Answers — Department of Housing, Planning, and Local Government: Seanad Reform (11 Jun 2019)
Michael McGrath: 979. To ask the Minister for Housing, Planning, and Local Government the position in relation to the extension of voting rights for the NUI panel in Seanad Éireann elections to graduates of the new technological universities; and if he will make a statement on the matter. [23785/19]
- Committee on Budgetary Oversight: Fiscal Assessment Report: Irish Fiscal Advisory Council (11 Jun 2019)
Michael McGrath: I welcome Mr. Coffey and his team and I commend them on a very comprehensive report, which comprises a large amount of data and analysis that will take some time to go through. My compliments to the team for all their work on it. In the short time available to me, I would like to cover three areas. In regard to corporation tax, the council's conclusion is that between €3 billion...
- Committee on Budgetary Oversight: Fiscal Assessment Report: Irish Fiscal Advisory Council (11 Jun 2019)
Michael McGrath: Given that the receipts to date have been banked and commitments made on the back of them, can Mr. Coffey explain the proposal for a prudence account and how it would work going forward? For example, if there is an estimate of corporation tax receipts for 2020, is it only the excess that Mr. Coffey says should be put in a prudence account and the rainy day fund?
- Committee on Budgetary Oversight: Fiscal Assessment Report: Irish Fiscal Advisory Council (11 Jun 2019)
Michael McGrath: How disruptive to public finances and the economy would a disorderly Brexit be? All of the Government's projections in the stability programme update, or SPU, and so on are based on the central case scenario of an orderly Brexit by the end of 2020. Can Mr. Coffey characterise for us the position if that does not transpire? No one can predict what will happen, but what is the council's...
- Committee on Budgetary Oversight: Fiscal Assessment Report: Irish Fiscal Advisory Council (11 Jun 2019)
Michael McGrath: On the medium-term fiscal projections, Mr. Coffey says the Government's medium-term plans are not credible. Until recently, we had only three-year projection on the fiscal side. In April's SPU, we got five-year projections. Mr. Coffey makes the point that there is a technical assumption underpinning it that current spending will grow by 2.5%. Considering that we have a national planning...
- Committee on Budgetary Oversight: Local Property Tax Review: Discussion (11 Jun 2019)
Michael McGrath: I welcome the Minister and his officials and thank him for his opening statement. I ask him to clarify what he is asking the committee to do. As he indicated, there are diverse views on the matter. We only have to look around the room to realise there will not be consensus on it. We may possibly have a majority view but perhaps not. What is the Minister expecting of the committee? In...
- Committee on Budgetary Oversight: Local Property Tax Review: Discussion (11 Jun 2019)
Michael McGrath: On the timeline, the Minister referred to early 2020, assuming we are all still here at that stage. There are certain exemptions that are due to expire in October. The Minister has said in parliamentary replies that they will be extended on an administrative basis pending the legislation.
- Committee on Budgetary Oversight: Local Property Tax Review: Discussion (11 Jun 2019)
Michael McGrath: I understand in the region of 60,000 properties are in the main category of newly acquired properties. Will their first liability be in 2020 or 2021?
- Committee on Budgetary Oversight: Local Property Tax Review: Discussion (11 Jun 2019)
Michael McGrath: I will ask the Minister to clarify something for me in respect of scenario 2. This is where the LPT yield for each local authority is to be kept more or less the same. An analysis is then done on home valuations in the area. The rate for that local authority can be adjusted based on those revised valuations to ensure that the yield for the local authority remains pretty much consistent...
- Committee on Budgetary Oversight: Local Property Tax Review: Discussion (11 Jun 2019)
Michael McGrath: I hear what the Minister is saying. It is really a restatement of what he said earlier. I am struggling to understand how specific councils will bring in the same overall amount as they did under the old regime, before the revaluation. There will be additional properties in the net, but the overall yield will be the same. How is it that 80% of properties will actually give a larger yield?
- Committee on Budgetary Oversight: Local Property Tax Review: Discussion (11 Jun 2019)
Michael McGrath: That does not explain it.
- Committee on Budgetary Oversight: Local Property Tax Review: Discussion (11 Jun 2019)
Michael McGrath: Will the Minister revert to the committee with an explanation on that point?
- Written Answers — Department of Finance: Central Bank of Ireland Staff (12 Jun 2019)
Michael McGrath: 84. To ask the Minister for Finance his plans to continue with the appointment of a person (details supplied) as Governor of the Central Bank in advance of the conclusion of the investigation he is party to in New Zealand; and if he will make a statement on the matter. [24461/19]
- Written Answers — Department of Finance: Central Bank of Ireland Staff (12 Jun 2019)
Michael McGrath: 85. To ask the Minister for Finance if the State has entered into a contractual commitment at this stage relating to the appointment of a person (details supplied) as Governor of the Central Bank; and if he will make a statement on the matter. [24462/19]
- Written Answers — Department of Finance: Mortgage Lending (12 Jun 2019)
Michael McGrath: 86. To ask the Minister for Finance the reason the Central Bank deems a returning emigrant who never owned a residential property here but did abroad for a period of time as a non-first-time buyer; his views on whether this classification is unfair; and if he will make a statement on the matter. [24466/19]
- Written Answers — Department of Finance: Mortgage Data (12 Jun 2019)
Michael McGrath: 87. To ask the Minister for Finance if mortgage arrears statistics of the Central Bank include instances in which commercial loans include either BTL properties or PDH properties; and if he will make a statement on the matter. [24523/19]
- Written Answers — Department of Finance: Central Bank of Ireland Enforcement Actions (12 Jun 2019)
Michael McGrath: 89. To ask the Minister for Finance the enforcement activity undertaken by the Central Bank on funds unregulated since the passing of the Consumer Protection (Regulation of Credit Servicing Firms) Act 2018; the number of instances in which the Central Bank has examined documentation from those funds; the number of instances the Central Bank has undertaken site visits; the funds visited in...
- Written Answers — Department of Finance: Central Bank of Ireland Enforcement Actions (12 Jun 2019)
Michael McGrath: 90. To ask the Minister for Finance the number of funds that were previously deemed unregulated that have completed formal licensing from the Central Bank and are now regulated since the passing of the Consumer Protection (Regulation of Credit Servicing Firms) Act 2018; the number and value of mortgage and commercial loans owned by those entities; the number of funds still in the middle of...
- Written Answers — Department of Finance: Central Bank of Ireland Data (12 Jun 2019)
Michael McGrath: 91. To ask the Minister for Finance if the Central Bank gathers data on the amount of foreign capital and credit provided or lent to Irish property developers; if so, the value provided or lent to property developers each year since 2011; the way in which this compares to the capital and credit provided and lent by Irish banks in those years; and if he will make a statement on the matter....
- Written Answers — Department of Finance: Construction Industry (12 Jun 2019)
Michael McGrath: 92. To ask the Minister for Finance if his Department, the Central Bank or the National Treasury Management Agency has undertaken an analysis of the probability of foreign capital, credit and investment in the construction sector ceasing or being significantly curtailed; the potential mechanisms by which this would occur, both foreign and domestic; and if he will make a statement on the...