Results 5,061-5,080 of 16,537 for speaker:Brian Lenihan Jnr
- Written Answers — Financial Services Regulation: Financial Services Regulation (5 Nov 2009)
Brian Lenihan Jnr: In Accordance with Ireland's EU obligations All Exchange Control legislation expired on 31 December 1992. From 1 January 1993 there are no laws or regulations which would prevent the normal free movement of capital or current payments to or from the State by individuals or corporate entities for any purpose. This liberalisation applies equally to EU and non-EU countries. However, in any...
- Written Answers — Tax Yield: Tax Yield (5 Nov 2009)
Brian Lenihan Jnr: The Income Levy was introduced in October of last year in Budget 2009 and the rates subsequently increased in the Supplementary Budget in April of this year. Based on these forecasts, it was estimated that the Income Levy would yield approximately â¬1.1 billion in 2009. The Pre-Budget Outlook will update the macroeconomic projections for the period 2009-2013. As part of that process, my...
- Written Answers — Tax Code: Tax Code (5 Nov 2009)
Brian Lenihan Jnr: I would point out that the Report of the Commission on Taxation does not contain a recommendation to increase the VAT rate applicable to coal. I have no plans to increase the VAT rate that applies to home heating fuels. With regard to the differential between the VAT rate applicable to coal in Ireland and the UK, under EU law Member States can retain certain reduced rates provisions which...
- Written Answers — Tax Yield: Tax Yield (5 Nov 2009)
Brian Lenihan Jnr: Based on an estimate of around â¬230 million of bets having been placed with on-course bookmakers at race meetings over the twelve month period to 31 August 2009, it is estimated that applying the 1% betting duty to such bets would have yielded the Exchequer approximately â¬2.3 million and a 1.5% betting duty would have yielded the Exchequer approximately â¬3.45 million. The on-course...
- Written Answers — Tax Yield: Tax Yield (5 Nov 2009)
Brian Lenihan Jnr: I am informed by the Revenue Commissioners that it is estimated that the additional full year yield to the Exchequer from increasing the betting duty from 1% to 1.5% would be in the region of â¬15 million.
- Written Answers — National Asset Management Agency: National Asset Management Agency (5 Nov 2009)
Brian Lenihan Jnr: The Deputy will be aware that the loans eligible for transfer to NAMA have a book value of â¬77 billion. This figure comprises approximately â¬49 billion land and development loans and approximately â¬28 billion associated loans. The reason for the inclusion of these associated loans within the eligible loans for transfer to NAMA is to cleanse the balance sheets of the banks of exposure...
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Brian Lenihan Jnr: -----are incapable of addressing themselves.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Brian Lenihan Jnr: I am withdrawing amendment No. 42.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Brian Lenihan Jnr: We are back on the merry-go-round of long-term economic value, which was discussed by an Oireachtas committee in late August and on Second Stage in this House. I do not believe this requires further grouping of amendments. This issue has been discussed endlessly. I have heard no new arguments so far on Report Stage.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Brian Lenihan Jnr: The Commission guidance note is clear on this subject, namely, it is an entirely legitimate procedure and there is nothing strange about it. There are many other provisions in the Bill that are more worthy of consideration. However, I am in the hands of the House. I will not object if the House agrees to group these amendments.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Brian Lenihan Jnr: I accept that.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Brian Lenihan Jnr: I will not object to the grouping of any amendments.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Brian Lenihan Jnr: I had better recover my sense of humour.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Brian Lenihan Jnr: Yes.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Brian Lenihan Jnr: I did.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Brian Lenihan Jnr: I said I "will" issue guidelines. I said it was a threat and an exercise.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Brian Lenihan Jnr: I answered the question.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Brian Lenihan Jnr: The Deputy is talking about a straight conversion of preference shares into ordinary shares.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Brian Lenihan Jnr: Yes, and the Labour Party did not want me to nationalise that.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Brian Lenihan Jnr: No, he has not acknowledged that.