Results 3,341-3,360 of 16,537 for speaker:Brian Lenihan Jnr

Banking System: Motion (30 Mar 2010)

Brian Lenihan Jnr: This note will be payable over ten to 15 years, which will reduce the impact on the Exchequer this year. Following the investment by means of the special investment shares, the State will have extensive powers as well as economic ownership of Irish Nationwide Building Society. As a result, the State will control the society. Following the transfer of €9 billion of its loan book to NAMA,...

Banking System: Motion (30 Mar 2010)

Brian Lenihan Jnr: We have reviewed arrangements for the State's management of its investments in the banking system in anticipation of the potential changes in the State's interests in the banks. At present, the State's preference share investments in AIB and Bank of Ireland are funded and held on my behalf, as Minister, by the National Pensions Reserve Fund Commission. I have decided that it will be given...

Banking System: Motion (30 Mar 2010)

Brian Lenihan Jnr: We are facing up to our banking difficulties. We have acknowledged the scale of our problems and we have taken the necessary actions to solve them. The banks have been forced to recognise their losses and this Government, on behalf of the taxpayer, has committed the capital that will ensure we have a banking system to serve this economy as it recovers. The steps we are taking today will...

Banking System: Motion (30 Mar 2010)

Brian Lenihan Jnr: Seventy billion euro.

Banking System: Motion (30 Mar 2010)

Brian Lenihan Jnr: Find it by the end of the week.

Written Answers — Tax Code: Tax Code (25 Mar 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that under the terms of the scrappage scheme, as provided for in section 107 of the Finance Bill 2010, as passed by Dail Eireann, a number of conditions must be satisfied in order for a person to qualify for relief from vehicle registration tax (VRT) when a new passenger car with CO2 emissions of not more than 140g/km (i.e. CO2 band A or B) is...

Written Answers — Economic Growth: Economic Growth (25 Mar 2010)

Brian Lenihan Jnr: The annual percentage change in the volume of GDP and GNP each year between 2000 and 2010 is shown in the table. The figures for this year are the projections which underpin the 2010 Budget. The cumulative increase in the level of GDP between 2000 and 2010 is estimated at 30 per cent; the equivalent figure for GNP is 17 per cent. The latest indications are that economic activity is...

Written Answers — National Asset Management Agency: National Asset Management Agency (25 Mar 2010)

Brian Lenihan Jnr: The National Asset Management Agency (NAMA) is being established to remove the portfolios of risky assets from the balance sheets of relevant institutions. The loans to be purchased will be the land and development loans of these institutions and certain associated loans. Loans secured on hotels will be eligible only if they fall within these categories. I would emphasise that, once a...

Written Answers — Departmental Property: Departmental Property (25 Mar 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 89 and 92 together. My Department has no properties which are being leased to commercial businesses. I have been informed by the Office of Public Works that in the time available they are unable to provide the information requested by the Deputy. As soon as this information is to hand it will forwarded directly to the Deputy.

Written Answers — Tax Code: Tax Code (25 Mar 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that, regrettably, due to industrial action by some staff, it is not possible to ascertain the specific details of this case in the time available.

Written Answers — Departmental Contracts: Departmental Contracts (25 Mar 2010)

Brian Lenihan Jnr: The public procurement website www.etenders.gov.ie is the national reference point for all matters relating to public procurement in Ireland. Notices of significant contracts to be awarded by public bodies (normally those of €50,000 and upwards but in many cases as low as €10,000) are published on the website. Many contracting authorities publish advance notice of intended purchases...

Written Answers — Tax Code: Tax Code (24 Mar 2010)

Brian Lenihan Jnr: Capital Acquisitions Taxation (CAT) applies to gifts and inheritances. The relationship between the person who provided the gift or inheritance (i.e. the disponer) and the person who received the gift or inheritance (i.e. the beneficiary) determines the tax-free threshold below which CAT does not apply on the gifts or inheritances. There are three tax-free thresholds based on the...

Tourism Industry: Motion (Resumed) (24 Mar 2010)

Brian Lenihan Jnr: I am pleased to take this opportunity to address the House on the subject of the air travel tax and the wide range of issues raised in the motion. I understand that last night my colleague, the Minister of State, Deputy Seán Haughey, did not have the opportunity to address some of the issues raised in the motion and I hope to address these outstanding points. Deputies are aware of the...

Tourism Industry: Motion (Resumed) (24 Mar 2010)

Brian Lenihan Jnr: In the past few years, we saw exceptional growth in air travel both to and from Ireland. Irish residents in many cases made several trips abroad in a calendar year. The downturn in the economy and increased economic uncertainty has seen a change in behaviour in this regard. Consumers are not taking as many foreign trips as they did at the height of the boom. All Members of the House know...

Seanad: Finance Bill 2010 (Certified Money Bill): Second Stage. (24 Mar 2010)

Brian Lenihan Jnr: ): When I spoke on Second Stage of the Finance Bill 2010 in Dáil Éireann, I outlined how the measures being introduced will ensure that all sectors play their part in the critical task of stabilising the public finances. This has to be the starting point to any consideration of how we develop taxation provisions in the context in which we currently find ourselves. The extraordinary...

Seanad: Finance Bill 2010 (Certified Money Bill): Second Stage. (24 Mar 2010)

Brian Lenihan Jnr: The Senator is always constructive.

Seanad: Finance Bill 2010 (Certified Money Bill): Second Stage. (24 Mar 2010)

Brian Lenihan Jnr: I am listening.

Seanad: Finance Bill 2010 (Certified Money Bill): Second Stage. (24 Mar 2010)

Brian Lenihan Jnr: No, I am listening.

Seanad: Finance Bill 2010 (Certified Money Bill): Second Stage. (24 Mar 2010)

Brian Lenihan Jnr: The Leader is trying to facilitate the House.

Seanad: Finance Bill 2010 (Certified Money Bill): Second Stage. (24 Mar 2010)

Brian Lenihan Jnr: Can the Senator give me any details?