Results 5,701-5,720 of 16,537 for speaker:Brian Lenihan Jnr
- Written Answers — National Asset Management Agency: National Asset Management Agency (22 Sep 2009)
Brian Lenihan Jnr: The flow of credit is essential to the proper functioning of the economy. All of the Government's actions to stabilise the financial system have been undertaken in order to ensure that the banks continue to fulfil their essential function in providing credit for individuals and businesses which includes the farming community. The Deputy will be aware that much has been done to ensure the...
- Written Answers — Departmental Expenditure: Departmental Expenditure (22 Sep 2009)
Brian Lenihan Jnr: In the light of a current volatile commercial property market, and the intention of the Department of Agriculture, Fisheries and Food to rationalise its regional network of offices, the Deputy will appreciate that the date when the lease of the District Veterinary Offices in Raheen Business Park, Limerick expires is considered to be commercially sensitive at this time.
- Written Answers — Disabled Drivers: Disabled Drivers (22 Sep 2009)
Brian Lenihan Jnr: The initial application for a Primary Medical Certificate under the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations 1994, is made to the Senior Medical Officer of the relevant local Health Service Executive administrative area. If the Primary Medical Certificate has been refused in this case, the named person may appeal the refusal to the Medical Board of Appeal,...
- Written Answers — Departmental Expenditure: Departmental Expenditure (22 Sep 2009)
Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the costs associated with the training and procurement of detector dogs for the Customs Service in the past 5 years were as follows: 2008 â¬33,802 2007 â¬91,411 2006 â¬66,594 2005 â¬133,314 2004 â¬55,519 The above costs include the cost of travelling and subsistence for the officers being trained as dog handlers.
- Written Answers — National Debt: National Debt (22 Sep 2009)
Brian Lenihan Jnr: I propose to take Questions Nos. 100 and 129 together. At end 2008, the national debt stood at â¬50.4 billion and at end-August 2009 it stood at â¬69.3 billion. The National Treasury Management Agency (NTMA) have advised that the main factor influencing the projected increase in the national debt out to 2013 is the planned Exchequer deficit for each of these years. In addition, there may...
- Written Answers — State Banking Sector: State Banking Sector (22 Sep 2009)
Brian Lenihan Jnr: I refer the Deputy to the comments I made in the course of my Second Stage Speech on the National Asset Management Agency (NAMA) Bill 2009 on 16 September 2009 on the effect that NAMA will have on individual institutions. I indicated that while the banking system can be revived and serve the economy in a proper manner, the existing structures cannot remain the same. Already a number of banks...
- Written Answers — Cigarette Smuggling: Cigarette Smuggling (22 Sep 2009)
Brian Lenihan Jnr: I am informed by the Revenue Commissioners who are responsible for the collection of tobacco products tax and tackling the illicit trade in cigarettes and tobacco products that their strategy for tackling this illicit trade is focussed both on intercepting and seizing illicit consignments at the point of importation and also on carrying out checks at retail outlets, markets and commercial...
- Written Answers — Tax Code: Tax Code (22 Sep 2009)
Brian Lenihan Jnr: Stamp duty exists on cheques in order to provide Exchequer revenue. The stamp duty on cheques predates the founding of the State and it was a feature of the Stamp Act 1891 which consolidated all existing stamp duty provisions. The yield from the duty on cheques, which also includes bills of exchange, promissory notes and drafts, in the 10 years 1999 to 2008 inclusive, was â¬160.8 million....
- Written Answers — North-South Trade: North-South Trade (22 Sep 2009)
Brian Lenihan Jnr: As the Deputy may be aware, the Revenue Commissioners and the Central Statistics Office (CSO) prepared a report, at my request, on the Implications of Cross Border Shopping for the Irish Exchequer. The report was published on my Department's website on 20 March 2009. The report estimated the likely value of cross-border shopping in 2009 to be in the range of â¬450m to â¬700m, with a...
- Written Answers — North-South Trade: North-South Trade (22 Sep 2009)
Brian Lenihan Jnr: As the Deputy may be aware, I met with Chancellor Darling earlier this year and discussed a range of financial and budgetary matters. I also generally meet him and other European Finance Ministers at the monthly ECOFIN council meetings in Brussels. However, I have no plans to meet the Chancellor in advance of the Budget. In relation to North South Trade, the Irish Government remains...
- Written Answers — State Banking Sector: State Banking Sector (22 Sep 2009)
Brian Lenihan Jnr: The flow of credit is essential to the proper functioning of the economy. All of the Government's actions to stabilise the financial system have been undertaken in order to ensure that the banks continue to fulfil their essential function in providing credit for individuals and businesses which includes the farming community. The Deputy will be aware that much has been done to ensure the...
- Written Answers — Vehicle Compounds: Vehicle Compounds (22 Sep 2009)
Brian Lenihan Jnr: I propose to take Questions Nos. 111 to 113, inclusive,' together. I am advised by the Revenue Commissioners that the majority of vehicles seized by their enforcement staff are stored in the State Warehouse in Dublin. This Warehouse was designed and constructed specifically with security as a prime consideration. Seized vehicles are kept within a gated secure compound with 24 hour/7 day...
- Written Answers — Decentralisation Programme : Decentralisation Programme (22 Sep 2009)
Brian Lenihan Jnr: A number of key projects were identified as priority elements of the decentralisation programme in the Government announcement of 14 October 2008. The construction of a new decentralised office for staff of the Department of Enterprise, Trade and Employment in Carlow, in conjunction with a new headquarters for the Department of Agriculture, Fisheries and Food in Portlaoise, and a new...
- Written Answers — Tax Code: Tax Code (22 Sep 2009)
Brian Lenihan Jnr: On the issue of the tax treatment of retirement gratuities for public servants, the position is that under statutory pension schemes and pension schemes approved by the Revenue Commissioners there is no liability to income tax in respect of retirement gratuities or lump sums paid to members of such schemes on retirement. In this regard, it should be noted that the tax arrangements for...
- Written Answers — State Banking Sector: State Banking Sector (22 Sep 2009)
Brian Lenihan Jnr: As the Deputy is aware the various external investigations into alleged wrongdoing at Anglo Irish Bank are ongoing. The Bank is co-operating with all of these investigations and will continue to do so. While the Financial Regulator, the Garda Fraud Office and the Office of the Director of Corporate Enforcement have committed significant resources to their investigations, the matters under...
- Written Answers — State Banking Sector: State Banking Sector (22 Sep 2009)
Brian Lenihan Jnr: I propose to take Questions Nos. 117 and 118 together. On the 22nd July 2009 Anglo Irish Bank Corporation Limited launched a â¬3.2 billion "any and all" fixed price cash tender offer for five Tier 1 securities, one Upper Tier 2 security and one lower Tier 2 security. The purchase price paid for the Tier 1 securities was 27% of nominal value, for the Upper Tier 2 security was 37% of nominal...
- Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (22 Sep 2009)
Brian Lenihan Jnr: I assume that the Deputy's question refers to the regulatory capital ratios for the covered institutions. As the Deputy will be aware, the total capital ratios and core tier one ratios for the covered institutions are set out in the NAMA Supplementary Documentation provided to the House last week. The following table sets out the latest published total capital ratio and tier one ratio for...
- Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (22 Sep 2009)
Brian Lenihan Jnr: I am assuming that the Deputy is referring to the total loans and advances to customers and customer's accounts in each of the institutions. As set out in the NAMA Supplementary Documentation provided to the House last week, the net loan to deposit ratios for each of the credit institutions are as follows: Institution Net loan to deposit ratio Date AIB 156% 30 June 2009 Bank of Ireland...
- Written Answers — Financial Services Regulation: Financial Services Regulation (22 Sep 2009)
Brian Lenihan Jnr: The Government has agreed a range of reforms of the regulatory structures for financial regulation. A new single fully integrated regulatory institution, the Central Bank of Ireland, will be established, replacing the current two pillar structure under the existing Central Bank and Financial Services Authority of Ireland. The new structure will be responsible for both the supervision of...
- Written Answers — Financial Services Regulation: Financial Services Regulation (22 Sep 2009)
Brian Lenihan Jnr: As part of the reform of the financial regulatory system, a new Director of Financial Supervision will have responsibility for the supervision of regulated institutions. The recruitment process for this position is now at an advanced stage and it is expected that an appointment will be made in the coming weeks.