Results 35,801-35,820 of 40,550 for speaker:Joan Burton

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: What are the relevant dates? Can they be carried back to when the property market was at its height or are these values carried forward? It seems obvious that some of the competition issues discussed earlier would arise in lands which are less valuable because they are not in, for example, Dublin 4 or the south Cork docklands. The enhanced market values would be very important in this case.

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: I ask the Minister——

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: Perhaps the Minister will set out his reply in full.

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: What I want to learn from the Minister are the exact dates.

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: I will make it easier for the Minister. What extent of backdating is included in this provision? How far back does it go in regard to acquisitions? Does it simply provide for future deals and, if so, how are the market values dated and what is the composition of those values?

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: Land involved in Seveso type activities may have changed hands several times or a canny developer may have passed it through several companies. It may well be that two years ago the value of this dockland site was potentially very high. Some time later, such as now and into the future, the market value, as I understand it, will have plummeted. How is market value categorised? Is it open...

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: I move amendment No. 36: In page 122, to delete lines 20 to 22.

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: When the Minister sat down at the conclusion of his Budget Statement six weeks ago, the Fianna Fáil, Green Party and Progressive Democrats Members rose to give a standing ovation to a budget that unravelled faster than knitting. Of all the disastrous aspects of the budget, aspects that have not just been unlucky for the Minister, the Government and his party, but also for traders and...

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: He assisted a great deal in that regard.

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: That is correct.

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: I move amendment No. 42: In page 136, between lines 24 and 25, to insert the following: "92.—The annual charge for the bank guarantee shall be brought within the scope of published exchequer accounts and budget forecasts and shall be earmarked as a contingency fund for 2010.". The annual charge for the bank guarantee is €1 billion — calculated at €100 million per annum for ten years...

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: I am happy to support amendment No. 18. In the course of Committee Stage the Minister spoke on several occasions about how he seemed to see this package as being particularly attractive to people in the financial services sector, such as the IFSC. Given that our economic situation is facing meltdown, does the Minister consider that this is the time to attract more international bankers to...

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: I move amendment No. 19: In page 50, between lines 12 and 13, to insert the following: "16.—Retirees partaking in a private pension scheme may postpone the purchase of an annuity for up to two years.". It is one of those delicious ironies of the parliamentary draftsman that the previous amendments concerned the Minister's decision to reintroduce a remittance scheme for highly paid people...

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: Vanished.

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: It is crazy.

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: Will the Minister make arrangements to have that broadcast fairly widely? People are in fear and trepidation that what they have saved for is literally gone down the Swanee in terms of the money they put into their investment funds. I hope the Minister will be open-minded enough so that if the current falls in the markets continue for more than two years, as it would seem they may do, he...

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: I am unsure if the Minister understands that the financial world as we knew it has changed. Tax-based capital schemes led his predecessor in office, the Taoiseach, Deputy Brian Cowen, to ruin in respect of the economy. It produced activity which, as it turns out, is unsustainable. The contribution of the Minister for Health and Children, Deputy Mary Harney, and her party, the Progressive...

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: It is a postponement, not a restriction.

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: It is not an abolition.

Finance (No. 2) Bill 2008: Report Stage (Resumed) and Final Stage (17 Dec 2008)

Joan Burton: It is a postponement. The Minister's note is wrong.