Results 6,501-6,520 of 16,537 for speaker:Brian Lenihan Jnr

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: The Irish taxation system mirrors the practice in other jurisdictions and since the amendment introduced in the last Finance Bill, it is similar to the arrangement that obtains in Britain. There is nothing unique about the tax arrangements that apply in Ireland for the taxation of people resident in the State. From a taxation point of view, the main factor is whether a person is resident or...

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: My understanding is the matter is under examination by the Commission on Taxation. I confirmed that to the House. I do not facilitate tax avoidance nor have my predecessors who were of my political interest. Deputy Burton's suggestion in regard to this subject that the Fianna Fáil organisation as a whole, which includes individuals, myself and my predecessors, have facilitated tax...

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: A firm purpose of amendment.

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: Not at this point in time.

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: He was not talking about money but about the other subject.

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: No.

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: It is €1.75 billion at most.

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: That is the knock on from this year.

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: That is the knock-on effect of the supplementary budget next year.

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: If the Deputy looks at page A.10 and the fourth paragraph, the speech itself-----

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: That is the following year.

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: I am not trying to be difficult but the first year means 2010 in that context. The full year-----

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: I was only clarifying it. We are going back to the well.

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: The Minister is going back to the well. There is a real danger that he will go back to this particular well again and there needs to be some modifications if it is to be a long-term feature. On Committee Stage, we debated some of its features, including minimum tax, how it applied to low incomes and unsatisfactory features. The longer term direction of merging this back into the tax code...

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: With regard to the amendment, the Deputy is aware why the income levy was introduced - to help deal with the exceptional economic circumstances we face. It is addressed by sharing that burden, based on the ability to pay. I am not going to re-enter the argument we had on Committee Stage about secondary legislation, as I do not accept this is an appropriate device to deal with a relief of...

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: We are on Report Stage, so it does not arise from the amendment, but I shall deal with the question.

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: It does not because it has nothing to do with the amendment tabled by Deputy Bruton.

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: The composite rates of income levy as set out in the section are the annual rates which are to apply to all individuals in respect of their income from all sources in the year. These rates ensure that all taxpayers are treated the same way in relation to their overall income for a year as a whole, for the purposes of the income levy. The composite rates have also prevented individuals who...

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: Deputy O'Donnell, like a good accountant, is suggesting that we should have permitted the facility to front-load to exist.

Finance Bill 2009: Report Stage (Resumed) and Final Stage (27 May 2009)

Brian Lenihan Jnr: The effect of this is to eliminate that possibility.