Results 5,721-5,740 of 16,057 for speaker:Mary Coughlan
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: No.
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: There will be transitional measures, which will be dealt with in the context of the Finance Bill. Although it would be appropriate to speak to the officials in order to have absolute clarity, the transitional measures will address the concerns raised by the Deputy.
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: One must be reasonable. Deputy Morgan said we may not necessarily get agreement from all sides of the House when it comes to the issues we are discussing here in an amalgamation of all the financial resolutions. This is correct. I would normally concur with Deputy Varadkar's views on capital gains. A tax on capital would be the preferred option in normal circumstances, but unfortunately...
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: There is a social policy model whereby there may be good social services but it is the Government which dictates that everybody must do X, Y and Z.
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: I am saying there is need to have a greater diversity of opinion in respect of our social policy as opposed to the Nordic model-----
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: -----not to mention the expense attaching to the latter and the fact that personal taxation in the Nordic model is astronomical.
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: I appreciate that the Labour Party has a certain view about wealth. I cannot articulate that view in such a way as to ensure I am not thrown out of the House.
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: Deputies Higgins and Broughan should be reminded that in recent years, the Department of Finance has evaluated the issue of tax evasion measures. The Minister has introduced procedures whereby we can move away from non-productive means of investment. Deputy Higgins raised one specific case in this regard. It is often forgotten that in the last budget we introduced a situation whereby...
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: As I said to Deputy Gilmore, the Commission on Taxation will deal with that issue. We must await the outcome of the commission's deliberations so that we can ensure broadening of the tax base.
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: That is the best way forward. The Commission on Taxation has given a great deal of time, energy and effort to listen, evaluate, analyse and discuss. It will bring forward its report in the autumn, at which stage the Government will make a decision on the broadening of the tax base. The Labour Party or any other party is more than welcome to make a submission to the commission, as many...
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: We must await the outcome of the deliberations by the Commission on Taxation before introducing any further taxation measures in the next budget. I have listened to Deputy Varadkar speaking for the past hour and a half in the course of which he referred several times to another budget. I am sorry to disappoint him in this regard but it is not the Government's intention to introduce a further...
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: We have dealt with both capital and current expenditure.
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: We have also dealt with the issue of taxation. This has been done on the basis of very difficult decisions. No Member of this House would take from that. The Minister for Finance referred in his opening remarks to the difficulties arising from the impact of these decisions on individuals and families. I agree that sustaining employment and creating export growth is the only way to trade...
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: The Deputy missed the discussion on aspects of the budget that are outside the scope of these financial resolutions. For example, in the case of my Department, more than â¬500 million will be spent this year on enterprise, science and technology through Enterprise Ireland, the IDA, a new investment and stabilisation fund and through the county enterprise boards.
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: In comparative terms, my colleagues have seen a huge reduction in their allocation, particularly in terms of their capital spend. They have made sacrifices so that my Department can continue to support enterprise despite the difficulties we currently face. An investment of â¬500 million represents a considerable commitment to employment creation and sustainability. The stabilisation of the...
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: I agree it is not happening. The work that will be carried out by the Minister in the context of the new agency being set up and the consequent stabilisation of the banking sector will get us back to where we want to be.
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: Deputy Gilmore referred to the changes in regard to DIRT. Exemptions remain in place. For individuals aged 65 years and over, since the enactment of the Finance Act 2007, there is an exemption from DIRT where the total income, including interest, is below the annual exemption of â¬20,000 for a single person and â¬40,000 in the case of a married couple. This exemption also continues to...
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: None of us would encourage people not to take out life assurance. In the present difficulties, it is a method by which we can accrue investment. Deputy Broughan referred to a capital gains tax estimate of â¬45 million, which is a full-year estimate of the 3% tax increase from 22% to 25%. The investment we expect to accrue in 2009 will be â¬625 million. Not everybody will be happy with...
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: The figure is â¬1.1 billion.
- Financial Resolution No. 10: Stamp Duties (7 Apr 2009)
Mary Coughlan: Excise on tobacco are a considerable method by which taxation is collected for the Exchequer. It is also true to say - this has not been said previously on the floor of the House - that a percentage of that money is allocated to the health budget to deal with issues appertaining to smoking. I have answered as many questions as I can. The methods by which we are increasing taxation on...