Results 2,241-2,260 of 27,019 for speaker:Michael Noonan

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 42:In page 17, to delete lines 18 to 23 and substitute the following:"(18) (a) Where--(i) arising from a claim under this section, an appropriate payment is made to, or in respect of, a claimant, and (ii) any condition that imposes a qualification, as respects the claimant, in relation to the making of an appropriate payment under this section is not satisfied by the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 43:In page 18, line 19, to delete “paid directly” and substitute “made”. This is a technical amendment to cover the period between 19 July to budget day.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 44:In page 19, to delete lines 28 to 37 and substitute the following:“(c) Where in accordance with paragraph (a), a Revenue officer makes an assessment or an amended assessment on a person in an amount that, according to the best of that officer’s judgement, ought to be charged on that person, the amount so charged shall, for the purposes of paragraph (a)...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I agree with the spirit of the amendment. I would prefer it if the Deputy would accept my commitment that we will undertake an impact study along the lines that he suggested by that date rather than legislate for it.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: As I stated, of all the sectors of the economy, the development and property sector is the one which has been most difficult to restore to normality, if we can define "normality". When we look at the cranes on the Dublin skyline, we can see that the commercial property construction and development market has been restored to reasonable health in the past two years or so, but, as we all...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I can agree to that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: If the Deputy is talking about a desktop review on microeconomic grounds, that can be done, but what we will need to see is whether the scheme is working. Houses are not constructed in three months. The scheme has been designed to increase the supply of new houses and we must give it at least 12 months to see whether it has had an effect.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: If land zoned for housing for which planning permission has been obtained was capable of being used to house people, there would not be a housing problem in Dublin. We need houses, not planning permissions.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I understand that and it is agreed to.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I move amendment No. 48:In page 20, lines 23 and 24, to delete "who is in receipt of an appropriate payment" and substitute "to, or in respect of, whom an appropriated payment is made". This amendment will ensure the subsection will operate correctly, irrespective of whether a payment is made to the claimant or a building contractor.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: Deputy McGrath suggests a report on the cost of delivering a new home in Ireland and the options available for reducing that cost, without compromising the quality of the home. While I have no doubt that such a report would be of interest, I would suggest that this is an overly simplistic approach to the complex issue of why construction has slowed. A report by the Society of Chartered...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I will run the Deputy's amendment by the relevant Minister and report to him on Report Stage. The Deputy has put forward several amendments to the help to buy scheme provision, which would fundamentally change the purpose and focus of the scheme. The amendments would mean that the tax relief would only become available when a mortgage was drawn down or in the case of a self-build, when...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: If completed houses were not included we would potentially be encouraging the retention of vacant housing stock while incentivising the purchase of newer builds. The occupation of houses rather than their construction is part of the supply issue which we are trying to resolve.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: Four houses are being built for €360,000.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: Approximately €120,000 a piece.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: For €90,000 a piece.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: More of those could be built.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: That is very interesting but it is a matter for the Departments with responsibility for housing and for the environment, it is not a matter for me. It is not difficult to establish the price of a social housing unit built by local authorities. It is a matter of simply taking the final settled contract price and dividing the number of units into it, but a local authority usually builds on...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: I have no problem with the Deputy's proposal but it is not a matter for me.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Michael Noonan: The historic evidence is to the contrary. Local authority houses per unit historically were more expensive to construct than-----