Results 3,101-3,120 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Central Bank of Ireland Supervision (27 Sep 2016)

Michael Noonan: Firstly, I would highlight that a list of all firms regulated by the Central Bank is available on their website:. I have been informed by the Central Bank that the company in question is regulated by the Central Bank as an Insurance/Reinsurance Intermediary and as a Retail Credit Firm under Section 34E of the Central Bank Act 1997. Retail credit firms must comply with all Central Bank codes...

Written Answers — Department of Finance: Banking Sector Data (27 Sep 2016)

Michael Noonan: I can confirm that there are no limitations regarding annual profits for Irish banks or for foreign banks operating in Ireland.

Written Answers — Department of Finance: NAMA Operations (27 Sep 2016)

Michael Noonan: My officials meet with NAMA executives on a monthly basis to discuss NAMA's current and expected performance, as well as any other topical issues, while respecting NAMA's independence. Through these engagements, my Department was aware that NAMA had received drafts of, and provided feedback on, the Comptroller and Auditor General's (C&AG) Special Report "National...

Written Answers — Department of Finance: Corporation Tax Regime (27 Sep 2016)

Michael Noonan: I was surprised and disappointed to learn that the Brazilian Federal Revenue Service have added Ireland to Brazil's tax black list.   I understand that the operation of the listing was initially backdated to 1 August but has now been suspended until 1 October.  No notice of this decision was given to the Irish Government by the Brazilian Federal Revenue Service and we have...

Written Answers — Department of Finance: Departmental Expenditure (27 Sep 2016)

Michael Noonan: The information requested by the Deputy is set out in the following table: Year 2011 2012 2013 2014 2015 2016(to date) Amount (€) 311,526.50 492,579.60 1,014,115.25 619,752.40 557,775.90 365,319.22

Written Answers — Department of Finance: Data Protection (27 Sep 2016)

Michael Noonan: The Department of Finance has a specific Data Protection Officer.  The role of the Department of Finance Compliance Officer incorporates the position of Data Protection Officer.  While the Data Protection Officer has other duties and responsibilities they do not interfere with his role as Data Protection Officer. The Data Protection Officer is independent in his role and reports...

Written Answers — Department of Finance: Proposed Legislation (27 Sep 2016)

Michael Noonan: I propose to take Questions Nos. 182 to 185, inclusive, together. The proposed amendment to Section 110 of the Taxes Consolidation Act, published on 6 September, is the subject of ongoing review and discussion.  It is intended to address some perceived issues with the operation of section 110.  The amendment as published is not finalised and may be subject to further refinements...

Written Answers — Department of Finance: National Debt (27 Sep 2016)

Michael Noonan: The NTMA has outlined the current forecasts for principal and interest payments in respect of the National Debt over the coming period. The data requested by the Deputy is reflected in the following table. The "repayment of the principal" figures reflect Government bonds and EU/IMF Programme loan facilities only. The forecast interest expenditure figures relate to the General Government...

Written Answers — Department of Finance: Universal Social Charge Abolition (27 Sep 2016)

Michael Noonan: I propose to take Questions Nos. 187 and 188 together. I am advised by Revenue that the estimated first and full year cost to the Exchequer resulting from the abolition of the Universal Social Charge (USC) for all taxpayers with income under €100,000, and the maintenance of all the existing USC rates and bands for taxpayers with income of €100,000 or over, is in the order of...

Written Answers — Department of Finance: Departmental Properties (27 Sep 2016)

Michael Noonan: I am advised by Revenue that having regard to the provisions of Section 851A of the Taxes Consolidation Act 1997, whereby Revenue is obliged to treat taxpayer information confidentially, they are precluded from providing the information requested.

Written Answers — Department of Finance: Motor Insurance (27 Sep 2016)

Michael Noonan: The MIBI was established by agreement between the motor insurance industry and the Minister for Local Government in 1955.Later agreements were made with the Minister for Transport.  The current agreement between the MIBI and the Minister for Transport, Tourism and Sport dates from 2009 and is in compliance with the requirements of consolidated EU Motor Insurance Directive...

Written Answers — Department of Finance: State Banking Sector (27 Sep 2016)

Michael Noonan: As the deputy is aware, the State has a shareholding of 99.9% in AIB. This shareholding is a valuable asset to the State and it is the Government's intention that the State would exit this and our other banking investments in a measured and careful manner. As I have indicated on a number of occasions, my primary objective in the disposal of these assets will be recovering the...

Written Answers — Department of Finance: Property Tax Data (27 Sep 2016)

Michael Noonan: I propose to take Questions Nos. 193 and 194 together. In relation to Question 26961/16, I am advised by Revenue that a breakdown in the ranges requested by Deputy cannot be provided due to confidentiality considerations.  The available information in respect of certain ranges of property numbers is as shown in the table below.  The Deputy may wish to note that the estimated number...

Written Answers — Department of Finance: Housing Data (27 Sep 2016)

Michael Noonan: My Department does not collate such information. I am also advised by NAMA and the Revenue Commissioners that those bodies, likewise, do not collate this data. Income tax returns submitted to Revenue in respect of rental income are not furnished in a manner that would enable the prior ownership of rental properties to be identified, nor do they provide information on the tenants.

Written Answers — Department of Finance: Stamp Duty (27 Sep 2016)

Michael Noonan: I propose to take Questions Nos. 196 to 198, inclusive, together. I am advised by Revenue that the projected yields from increasing the current rate of stamp duty on commercial property from 2% to 6% or 10% could be in the region of €468 million and €936 million respectively. The projected yield from increasing the current rate of stamp duty on shares from 1% to 4% or 5% could...

Written Answers — Department of Finance: Tax Data (27 Sep 2016)

Michael Noonan: I propose to take Questions Nos. 199 and 200 together. I am informed by Revenue that the gross rental income (residential and commercial) declared on Income Tax returns is in the order of €4,573 million for 2011, €4,446 million for 2012, €4,301 million for 2013 and €4,322 million for 2014, the latest year for which returns are available. The rental income...

Written Answers — Department of Finance: Housing Policy (27 Sep 2016)

Michael Noonan: Developments in the commercial real estate market, and the residential real estate market for that matter, are of significant importance for the economy and financial stability. The Commission's analysis of the sector follows strong growth in commercial real estate activity in recent years, with prices having recovered in the region of 55 per cent since the trough in the first quarter of...

Written Answers — Department of Finance: Banking Sector Data (27 Sep 2016)

Michael Noonan: The Central Bank of Ireland publishes a wide variety of statistics, the data is however, provided on an aggregate basis and does not include loan exposures outside this jurisdiction. Table A.14: Credit Advanced to Irish Resident Private-Sector Enterprises relates to the Deputy's question. A.14Outstanding Tab (Item 11.2 "Property investment/development of commercial real estate) provides data...

Written Answers — Department of Finance: Tax Code (27 Sep 2016)

Michael Noonan: Dental expenses, including those listed by the Deputy, may qualify for tax relief under section 469 of the Taxes Consolidation Act 1997, which allows relief for health expenses incurred for the provision of health care.  With effect from 1 January 2009, relief in respect of qualifying health expenses, with the exception of relief in respect of nursing home expenditure, is granted at the...

Written Answers — Department of Finance: Mortgage Arrears Rate (27 Sep 2016)

Michael Noonan: The Deputy will be aware that my officials have since August 2013 published monthly returns on mortgage arrears levels in the six main banks representing approximately 90 per cent of the market.  The data clearly shows that the number of accounts with mortgage arrears on primary dwelling homes (PDH) is declining.  Of course the Central Bank quarterly Residential Mortgage...