Results 4,461-4,480 of 16,537 for speaker:Brian Lenihan Jnr

Cross-Border Differentials (3 Dec 2009)

Brian Lenihan Jnr: Yes.

Cross-Border Differentials (3 Dec 2009)

Brian Lenihan Jnr: I discovered that as it was a Sunday, I will not be getting any days off, irrespective of what happens at these negotiations.

Tax Yield. (3 Dec 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the air travel tax arising from travel undertaken in any month is payable by airline operators by the 23rd of the following month. The yield from the air travel tax received in the period from May to November 2009, in respect of travel undertaken during the months April to October 2009 is €76.9 million. It is estimated that the air travel...

Tax Yield. (3 Dec 2009)

Brian Lenihan Jnr: I do not accept the premise that led the Deputy to the conclusion that the air travel tax led to the decline in Irish visitor numbers. I do not accept it because it is not in accordance with the international data. What is happening in Ireland is happening in every other country. There is a decline in passenger numbers but it is not caused by the air travel tax. Many other countries have...

Tax Yield. (3 Dec 2009)

Brian Lenihan Jnr: It is not my practice to divulge details of budgetary decisions in advance of the budget and I drew attention in my reply to various general considerations that apply to this area. I reiterate that I do not accept that the various different considerations to which Deputy Bruton referred do not stem from the travel tax, but from other commercial considerations that obtain in airlines, as well...

Departmental Agencies. (3 Dec 2009)

Brian Lenihan Jnr: The National Asset Management Agency Act 2009 provides for the acquisition of eligible assets from participating institutions by NAMA. In accordance with the terms of Part 6 of the Act, it is expected that the first acquisition schedules will be served by NAMA on participating institutions in January 2010. This will prioritise the loans of the larger borrowers across the participating...

Departmental Agencies. (3 Dec 2009)

Brian Lenihan Jnr: The question should be directed to the Minister for Enterprise, Trade and Employment.

Departmental Agencies. (3 Dec 2009)

Brian Lenihan Jnr: I have taken the lead in so far as the Department of Finance funds different branches of Government. It is very important that we ensure that the cost of government is reduced. It is also important that citizens reflect on the fact that there has been a fall in the cost of living and that the provisions in the budget will have to reflect that. Above and beyond that, I agree there are...

Departmental Agencies. (3 Dec 2009)

Brian Lenihan Jnr: There have been substantial decreases in rents, far above most other-----

Departmental Agencies. (3 Dec 2009)

Brian Lenihan Jnr: I am sorry, the Deputy's question was about the retail sector. I understand that the Minister for Justice, Equality and Law Reform intends to commence the relevant legislation with regard to greater flexibility early in the new year.

Departmental Agencies. (3 Dec 2009)

Brian Lenihan Jnr: No, there is no connection as I understand it.

Departmental Agencies. (3 Dec 2009)

Brian Lenihan Jnr: The Minister brought forward legislative proposals and is considering their implementation. There is considerable evidence of a reduction in commercial rents, notwithstanding upward review clauses.

Tax Code. (3 Dec 2009)

Brian Lenihan Jnr: The taxation of individuals in the State is in line with that prevailing in most other OECD jurisdictions, that is, individuals who are resident in the State for tax purposes, based on the number of days of presence in the State, are taxable here on their worldwide income; and individuals who are not resident here for tax purposes pay tax here only on income arising in the State and on income...

Tax Code. (3 Dec 2009)

Brian Lenihan Jnr: I agree with the sentiments expressed by Deputy Burton that in a republic such as ours there is an onus on all persons who are citizens and who are resident here for tax purposes to comply with their tax obligations. That is the law of the State and I agree with it. The law of the State in this regard is no different from the laws of other states. However, there is a difficult issue to be...

Tax Code. (3 Dec 2009)

Brian Lenihan Jnr: The commission proposed a test relating to the centre of vital interests. That formula is being examined by my Department but it is a formula of vague and uncertain application. Deputy Bruton referred not to the centre of vital interest, but the centre of economic interest, which is a different test. Regarding many of the more high-profile individuals identified as persons with connections...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (3 Dec 2009)

Brian Lenihan Jnr: As the Deputy is aware, I signalled in the Supplementary Budget last April the Government's intention to revisit and make technical adjustments to the Bank Guarantee in ways which would continue to underpin financial stability and also support banks in Ireland in accessing longer-term finance. In June of this year, the House approved the Financial Measures (Miscellaneous Provisions) Act 2009...

Written Answers — Banking Sector: Banking Sector (3 Dec 2009)

Brian Lenihan Jnr: All but one of the 6 covered institutions have replaced their CEOs since 2008. All but one of the 6 covered institutions have had a change of Chairman since 2008. Furthermore, each of the covered institutions has also had changes to the membership of their Boards of Directors and there have also been other very significant changes at senior management level in a number of these institutions....

Written Answers — National Asset Management Agency: National Asset Management Agency (3 Dec 2009)

Brian Lenihan Jnr: NAMA has not yet been established and it would be inappropriate for me at this stage to comment on whether particular institutions will apply for designation. Should any credit institution decide to apply for designation as a participating institution, it will do so under Section 62 of the Act, which provides that credit institutions may apply for designation as participating institutions....

Written Answers — Tax Refunds: Tax Refunds (3 Dec 2009)

Brian Lenihan Jnr: Figures providing a breakdown of refunds of Income Tax (non-PAYE) and Corporation Tax in 2007 and 2008 are set out in the following tables. Refunds of tax associated with losses are not separately identifiable from refunds made for other reasons such as people making claims for medical expenses, etc. Income Tax – refunds in 2007 and 2008. Year Total refund amounts€m 2007 368.8 2008...

Written Answers — Financial Regulatory Authority: Financial Regulatory Authority (3 Dec 2009)

Brian Lenihan Jnr: Under the Central Bank Act, 1942, as amended, the Chief Executive of the Financial Regulatory Authority is appointed by the other members of the Authority and the conditions of employment are agreed between the person and the other members of the Authority. However, I know that extensive efforts were made to get a high calibre candidate and I will be pleased to see Mr. Elderfield take up his...