Results 26,841-26,860 of 32,583 for speaker:Richard Bruton

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

Richard Bruton: A part-time politician.

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

Richard Bruton: I thought the Minister of State was building up to accepting our amendment when he drew a firm distinction between those who are in default and those who are not.

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

Richard Bruton: I can obviously look forward to amendment No. 90 being accepted later on. This is the core point. I can accept a certain protection of confidentiality for those who have met all their obligations but I do not see how that applies for people who have not met their obligations and where, in this extraordinary situation, the taxpayer has had to acquire those obligations and pay more than the...

Written Answers — Tax Code: Tax Code (5 Nov 2009)

Richard Bruton: Question 64: To ask the Minister for Finance his views on allowing the construction of wind turbines on farms to be subject to the VAT reclamation scheme for farmers; and if he will make a statement on the matter. [39740/09]

Written Answers — Financial Services Regulation: Financial Services Regulation (5 Nov 2009)

Richard Bruton: Question 65: To ask the Minister for Finance if his attention has been drawn to the fact that a company (details supplied) can transfer large sums of cash to any financial institution in the world; his views on whether this is a vehicle which may be used to launder money; if he will make the transfer of large sums of cash illegal under the Money Laundering Act; and if he will make a...

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

Richard Bruton: Has his contribution anything to do with the amendment under discussion?

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

Richard Bruton: On a point of order, when I contributed on this amendment, I stuck rigidly to what was involved with the amendment. It is unfair to those of us who try to play by the rules to find that others can then come in and effectively give a Second Stage speech.

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

Richard Bruton: How many amendments have been accepted over the 86 hours? The answer gives us a measure of the Government's sincerity.

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

Richard Bruton: Is the Deputy speaking to the amendment?

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

Richard Bruton: Is this based on sound economic fundamentals?

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

Richard Bruton: What about the rolled-up interest?

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

Richard Bruton: Although it is only definitional, this amendment really raises the fundamental issue on which the whole debate in this Bill has hinged. What ought the State be paying for the acquisition of these loans? We now have three definitions of value on the table. Deputy Morgan's definition is some kind of competitive bidding situation. These loans are available now, so let us put them out to...

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

Richard Bruton: There would be a bigger return.

National Asset Management Agency Bill 2009: Report Stage (4 Nov 2009)

Richard Bruton: I move amendment No. 2: In page 16, between lines 35 and 36, to insert the following: "2.---(1) For the purposes of this Act, the "Oireachtas Committee on NAMA" shall mean a Select Committee of each House, or a sub-committee thereof so enjoined and appointed by Resolutions of each such House, established with the purpose of monitoring the implementation of this Act, including all acts done in...

Written Answers — Public Sector Pay: Public Sector Pay (4 Nov 2009)

Richard Bruton: Question 166: To ask the Minister for Finance the amount which would be raised from a reduction in public sector pay by a 5% reduction on all incomes from €35,000 to €100,000, a 10% reduction on all incomes from €100,000 to €200,000 and a 20% reduction on all incomes greater than €200,000. [39483/09]

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Richard Bruton: I have just a couple of questions for my two-minute slot. Why has the Minister reversed his view that he thought it appropriate that the Oireachtas would have a role in respect of the valuation committee? That was an explicit statement he made but he is now providing no statutory arrangement. Why does he believe the Oireachtas should have no role in the board subsequent to the first board...

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Richard Bruton: I must express my huge disappointment with the Minister's response. If we have learned anything from banking crises in other countries and analyses of them from the IMF and others, the one common thread is that there must broad political consensus around a proposed solution with proper transparency and scrutiny of the asset recovery process. As we have seen from the IMF, in cases where...

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Richard Bruton: I remember the Minister's eloquence when he was not a member of Cabinet on saying how important it was agencies should be scrutinised and-----

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Richard Bruton: -----that the Dáil had made huge mistakes in letting power away from elected Members when it should be seeking to seize it back. On his very first test on this issue, he offers a toothless committee without a legislative basis or any expertise to underpin its work. It is the old mushroom treatment - keep them knee deep in manure and leave them in the dark. This is what he is offering the...

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Richard Bruton: It is sufficiently important that this body has all-party consensus. The former Swedish Minister for Finance told an all-party committee of the House that such a consensus is vital. It is essential to have all-party understanding, willingness to confront the problem, proper scrutiny and not to pay over the price. The Minister is letting himself and his officials down in the longer term. He...