Results 19,381-19,400 of 27,019 for speaker:Michael Noonan
- Written Answers — Department of Finance: Mortgage Interest Rates (23 Apr 2015)
Michael Noonan: At the outset, I would like to confirm to the Deputy that the lending institutions in Ireland - including those in which the State has a significant shareholding - are independent commercial entities. As Minister for Finance, I have no statutory role in relation to regulated financial institutions setting interest rates. The mortgage interest rates that financial institutions...
- Written Answers — Department of Finance: IBRC Operations (23 Apr 2015)
Michael Noonan: As part of Ireland's third review under the EU/IMF Programme of Financial Support, a report on which was published in September 2011, there were a number of conditions/actions to which Ireland committed. One of these was to develop a framework to govern the exercise of the State's ownership rights in the banks resulting from the capital injections, including to put in place relationship...
- Written Answers — Department of Finance: Tax Compliance (23 Apr 2015)
Michael Noonan: I am advised by the Revenue Commissioners that the main focus of their compliance interventions has been the tax issues arising from the incorporation of medical consultants' businesses. The tax risks identified include: - the purported disposal of goodwill by medical consultants to their controlled companies; - cross-charges being made between medical consultants and their controlled...
- Written Answers — Department of Finance: IBRC Investigations (23 Apr 2015)
Michael Noonan: Upon the receipt of critical representations following the transaction, Department of Finance officials inquired about the transaction with IBRC management as part of their regular engagement. Following initial discussions, they agreed with IBRC's Chairman and CEO (on 31 May 2012) that they would review the available information on the transaction involving Siteserv in greater detail to...
- Spring Economic Statement (28 Apr 2015)
Michael Noonan: Since taking office in 2011, the Government has been determined to fulfil the mandate given to us by the people, to repair the economy and public finances, to create jobs and to give hope and confidence to our citizens of a better future. The scale of the economic crisis that we have gone through has been unprecedented in Ireland’s history. We have essentially lost a decade in terms...
- Spring Economic Statement (28 Apr 2015)
Michael Noonan: Fiscal space of the order of €1.2 billion and up to €1.5 billion will be available for tax reductions and investment in public services. The final scale of the space will become clearer closer to the budget. The partners in Government have also agreed that the agreed space will be split 50:50 between tax cuts and expenditure increases.
- Spring Economic Statement (28 Apr 2015)
Michael Noonan: The actual measures will be announced in budget 2016. The tables in the spring statement are based on a general split of €1.2 billion, but I expect that by October's budget this will be €1.5 billion. Current indications are that a similar amount of space will be available in later years while still ensuring the achievement of a balanced budget before the end of the decade. ...
- Spring Economic Statement (28 Apr 2015)
Michael Noonan: This is another reason why stable, steady economic growth combined with prudent budgetary policy is the way forward. The value of our investment in AIB, Bank of Ireland and Permanent TSB continues to rise. It is not the State's intention to remain a holder of its banking investments in the long term. The exit strategy is about recovering the full cost of the taxpayers' investment in...
- Spring Economic Statement (28 Apr 2015)
Michael Noonan: This is unlike the €34 billion the Fianna Fáil-Green Party Government put into Anglo Irish Bank. The forecasts for further budgets are contingent on continued sensible economic and budgetary policies being pursued. Prudent policies support growth and job creation and generate the taxes and the fiscal space for further investment in the economy. The scale of the fiscal space...
- Spring Economic Statement (28 Apr 2015)
Michael Noonan: This Government has a different policy perspective. The strong Exchequer performance, coupled with very positive high-frequency data on the economy, confirm the appropriateness of the economic perspective of the decision to reduce income tax and USC for every worker in the country. Putting more money into the pockets of people has boosted consumer confidence and demand in the domestic...
- Spring Economic Statement (28 Apr 2015)
Michael Noonan: The 12.5% corporation tax rate will stay. This is a red line for the Government.
- Spring Economic Statement (28 Apr 2015)
Michael Noonan: We will continue to enhance Ireland's attractiveness for research and development by introducing a knowledge development box in the next Finance Bill. We have no reluctance to continue, in parallel with our European colleagues, in reforming corporation tax, but we will not, as many in the Opposition advocate, increase the 12.5% rate. A growing economy is not an end in itself. It is the...
- Spring Economic Statement (28 Apr 2015)
Michael Noonan: -----deliver better public services to the Irish people. Economic recovery provides us with the platform upon which to build for a future of economic growth, job creation and increased living standards. A Cheann Comhairle, we must never again repeat the mistakes that left Ireland on the verge of bankruptcy in 2010 and resulted in a lost decade and such hardship in the lives of so many...
- Spring Economic Statement (28 Apr 2015)
Michael Noonan: We have started doing that.
- Spring Economic Statement (28 Apr 2015)
Michael Noonan: What is the cost of the Fianna Fáil proposals? It would get no change out of €4 billion.
- Spring Economic Statement (28 Apr 2015)
Michael Noonan: The Deputy is telling his own story.
- Spring Economic Statement (28 Apr 2015)
Michael Noonan: Fianna Fáil gave us Anglo.
- Spring Economic Statement (28 Apr 2015)
Michael Noonan: I had to sort out the mess Fianna Fáil left behind five weeks after I went into office. Deputy Sean Fleming is suffering from memory loss.
- Spring Economic Statement (28 Apr 2015)
Michael Noonan: Fianna Fáil did not do anything of the sort.
- Spring Economic Statement (28 Apr 2015)
Michael Noonan: The Deputy is like Fianna Fáil now.