Results 24,701-24,720 of 26,148 for speaker:Kieran O'Donnell

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: Does the Minister hold concerns that there are performing loans in jurisdictions which are tax havens? Will the Minister be dealing with countries with which we have legal agreements? Does the Minister hold concerns that there will be performing assets in tax haven jurisdictions at which NAMA and the Government will not be able to get? When carrying out due diligence in the banks did the...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: What if they are held by a subsidiary of the bank in a jurisdiction with which we have no legal agreement?

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: If that is the case, then why include the amendment and the reference to "any applicable law"? Surely, a subsidiary must comply with the law that appertains in such a jurisdiction?

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: The danger here is that NAMA will effectively become a monopoly, as the largest property developer in Ireland, Europe and the world. It is extremely challenging. The Bill refers to "acquire and dispose of property", "make any planning application in relation to land", "undertake development for the purpose of realising the full value of any asset" and "carry on any business that NAMA...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: Given the timeframe in which this came back before the House, we have had little or no time to consider the amendments. Many of the major Dáil Report Stage amendments were never discussed, including the subordinated debt, about which we hold very strong views. Some €7 billion over market value is being paid, only €2.7 billion of which is subordinated. We feel it should be €7...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: This is by way of explanation leading up to our amendments.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: I thank the Leas-Cheann Comhairle for his common sense approach. More of that around here would be very much welcomed. The surcharge is based on a surcharge on corporation tax that may never be payable because the banks will have losses forward. It should have been based on operating profits before adjustments for any losses forward. It should be on the basis of a charge rather than a tax...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: The issue of protection in terms of the whistleblower elements of the legislation——

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: We are reaching the conclusion of the debate on the National Asset Management Agency Bill. My difficulty is that many of the sections that are very relevant have never been properly discussed in this Chamber. We should be given time to discuss those areas in some detail again.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: We have no issue with these technical amendments.

Written Answers — Community Development: Community Development (10 Nov 2009)

Kieran O'Donnell: Question 322: To ask the Minister for Community, Rural and Gaeltacht Affairs if community development programmes will be retained and their activities continued in view of widespread concern over his plans for community development and local development programmes for 2010; his plans in relation to the Special Group on Public Service Numbers and Expenditure Programmes recommendations for...

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Kieran O'Donnell: I want to raise a point of order. The Government will guillotine this debate tonight. I am making a plea to the Minister not to do so.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Kieran O'Donnell: The key amendments concerning the windfall tax, the surcharge, the bank levy and the guidelines will not be reached.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Kieran O'Donnell: We will never get to them. That is not what this House is about.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Kieran O'Donnell: Will the Minister go to the Chief Whip to get more time to allow us to debate this legislation at length?

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Kieran O'Donnell: Why is the Minister guillotining the Bill? This is against democracy. The key amendments have been put to the very end of the list so they will not be debated.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Kieran O'Donnell: In the interests of democracy.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Kieran O'Donnell: The Minister knows that. There should be a proper debate.

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Kieran O'Donnell: It is too important. Why is the Minister guillotining this debate?

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Kieran O'Donnell: It would be very much in the social and economic interests of the State that we had a proper debate on this legislation. Regarding the amendment, when one defines the economic and social development of the State, we must debate issues such as the windfall tax, the bank levy - which the Minister is calling a surcharge - and the guidelines on lending put forward by the Minister. This...