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Tax Code. (18 Feb 2009)

Kieran O'Donnell: This is about real people's lives and this is not a global equation. The State will only recoup €800 million rather than the €1.4 billion the Taoiseach stated when the measure was announced. It, therefore, will not work. The word "emergency" is used in the Title to the Bill. The term "emergency" normally indicates something short-term. Is this a long-term pension levy? The Minister...

Tax Code. (18 Feb 2009)

Kieran O'Donnell: That is in the future

Tax Code. (18 Feb 2009)

Kieran O'Donnell: Is the Minister giving a commitment?

Tax Code. (18 Feb 2009)

Kieran O'Donnell: It will over time.

Tax Code. (18 Feb 2009)

Kieran O'Donnell: They are gross figures.

Tax Code. (18 Feb 2009)

Kieran O'Donnell: Will the pension levy be a long-term measure?

Tax Code. (18 Feb 2009)

Kieran O'Donnell: Will the pension levy be a long-term measure?

Financial Institutions Support Scheme. (18 Feb 2009)

Kieran O'Donnell: The Minister mentioned €225 million. I would have thought that after two quarters €250 million should have been raised at this stage, which indicates a shortage of €25 million. Which of the banks has not provided that €25 million? The Minister also spoke about extending the scheme. What period of extension does he have in mind? Given that he can review the charges in the terms of...

Financial Institutions Support Scheme. (18 Feb 2009)

Kieran O'Donnell: There appears to be €25 million of arrears. Are any of the institutions in arrears at the moment and, if so, by how much? The cost of borrowing for the State has increased significantly. Will the Minister adjust it on the six-month review to take account of this increase?

Banking Sector Regulation. (18 Feb 2009)

Kieran O'Donnell: When the PricewaterhouseCoopers report was published, how many items in that report were referred to the Financial Regulator?

Banking Sector Regulation. (18 Feb 2009)

Kieran O'Donnell: Is the Minister not aware?

Banking Sector Regulation. (18 Feb 2009)

Kieran O'Donnell: They were bad debts.

Banking Sector Regulation. (18 Feb 2009)

Kieran O'Donnell: Who will repay the €300 million?

Banking Sector Regulation. (18 Feb 2009)

Kieran O'Donnell: Some €300 million is a significant exposure to the banks.

Banking Sector Regulation. (18 Feb 2009)

Kieran O'Donnell: I find that amazing.

Written Answers — Rail Freight Services: Rail Freight Services (17 Feb 2009)

Kieran O'Donnell: Question 86: To ask the Minister for Transport his proposals to increase the use of rail freight and the role the proposed freight forum will have; and if he will make a statement on the matter. [5994/09]

Irish Economy: Motion (17 Feb 2009)

Kieran O'Donnell: I wish to share my time with Deputies McCormack and Durkan.

Irish Economy: Motion (17 Feb 2009)

Kieran O'Donnell: I am delighted to speak on the Labour Party's Private Members' motion on the pension levy. I specifically wish to speak to the Fine Gael amendment. The Minister for Finance referred to the pension levy as being fair. However, for something to be fair people are entitled to get a return on what they are paying. It is akin to another income tax on the low paid. Many young married public...

Irish Economy: Motion (17 Feb 2009)

Kieran O'Donnell: The Minister stated a cap would be introduced but he did not specify what it would be. He must speak in absolute figures because the people are entitled to that.

Irish Economy: Motion (17 Feb 2009)

Kieran O'Donnell: It is time for fair play. The Minister also said that Opposition Deputies were clamouring about Government expenditure over the past number of years. Criticisms have been made about money wasted on PPARS, e-voting machines and e-government. Millions of euro have been squandered on systems that are not even functioning. During the good years, the Government should have set up a sinking...

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