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Financial Resolution No. 10: Stamp Duties (7 Apr 2009)

Mary Coughlan: We made a big investment in the local network.

Financial Resolution No. 10: Stamp Duties (7 Apr 2009)

Mary Coughlan: Who built that?

Financial Resolution No. 10: Stamp Duties (7 Apr 2009)

Mary Coughlan: Was it the fairies who built it?

Financial Resolution No. 10: Stamp Duties (7 Apr 2009)

Mary Coughlan: I was there on my holidays last year.

Financial Resolution No. 10: Stamp Duties (7 Apr 2009)

Mary Coughlan: I have been to County Wexford at least twice.

Financial Resolution No. 10: Stamp Duties (7 Apr 2009)

Mary Coughlan: I have been to Gorey, Rosslare and Wexford town.

Financial Resolution No. 10: Stamp Duties (7 Apr 2009)

Mary Coughlan: I wish to reiterate what the Minister for Finance said earlier today.

Financial Resolution No. 10: Stamp Duties (7 Apr 2009)

Mary Coughlan: He said: The potential maximum book value of loans that will be transferred to the agency is estimated to be in the region of €80 billion to €90 billion (although) the amount paid by the agency will be significantly less than this to reflect the loss in value of the properties. In the longer term, if the agency were to fall short of recouping all of the costs, the Government intends that...

Financial Resolution No. 10: Stamp Duties (7 Apr 2009)

Mary Coughlan: That information would have come from the banks in the first place.

Financial Resolution No. 10: Stamp Duties (7 Apr 2009)

Mary Coughlan: When we talk about the budgetary framework, it is important to emphasise that this country's 12.5% rate of corporation tax has been reiterated. That is very important to this country, especially if it is to attract foreign direct investment. I accept that it will be difficult to attract further such investment. We have done that in the past on the basis of our rate of corporation tax. Our...

Financial Resolution No. 10: Stamp Duties (7 Apr 2009)

Mary Coughlan: If we are to attract high-potential, high-value employment and jobs into this country, we have to provide incentives to facilitate that. This Government has done that.

Financial Resolution No. 10: Stamp Duties (7 Apr 2009)

Mary Coughlan: The Deputy asked how many jobs are being created this year. It is planned that IDA Ireland will spend €73.5 million and Enterprise Ireland will spend €103.6 million. The county and city enterprise boards will spend €20.2 million on microenterprises. Enterprise Ireland and Science Foundation Ireland will spend €295 million on research and development and innovation.

Financial Resolution No. 10: Stamp Duties (7 Apr 2009)

Mary Coughlan: Further investment will be made through Shannon Development, InterTrade Ireland and the INTERREG programme.

Financial Resolution No. 10: Stamp Duties (7 Apr 2009)

Mary Coughlan: We will continue to invest in the creation of jobs and sustain the jobs we have in the economy.

Financial Resolution No. 4: Mineral Oil Tax (7 Apr 2009)

Mary Coughlan: If the Deputies keep talking we will be here all night.

Financial Resolution No. 4: Mineral Oil Tax (7 Apr 2009)

Mary Coughlan: Deputy Broughan would like to speak.

Financial Resolution No. 4: Mineral Oil Tax (7 Apr 2009)

Mary Coughlan: Deputy Broughan should withdraw that.

Financial Resolution No. 4: Mineral Oil Tax (7 Apr 2009)

Mary Coughlan: This is disgraceful.

Financial Resolution No. 4: Mineral Oil Tax (7 Apr 2009)

Mary Coughlan: I am sure the Deputy will have more than adequate time to say what he wants to say on Second Stage of the legislation. A number of specific issues were raised.

Financial Resolution No. 4: Mineral Oil Tax (7 Apr 2009)

Mary Coughlan: I propose that I be given at least one minute to respond.

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