Results 6,741-6,760 of 16,537 for speaker:Brian Lenihan Jnr

Unemployment Levels. (13 May 2009)

Brian Lenihan Jnr: That is not what the people in Killarney thought.

Unemployment Levels. (13 May 2009)

Brian Lenihan Jnr: That is the construction the Deputy wishes to place on what I said. A large number of delegates came over to me, thanked me and said, "Thank God, there is hope for this country". We must face facts here. A huge burden of adjustment must take place in order that our economy may become competitive. What is exciting the admiration of other European countries is the fact that we are prepared...

Unemployment Levels. (13 May 2009)

Brian Lenihan Jnr: I understand it is a substantial sum.

Unemployment Levels. (13 May 2009)

Brian Lenihan Jnr: It is in excess of that. This is the sum-----

Unemployment Levels. (13 May 2009)

Brian Lenihan Jnr: These are the sums the European Investment Bank has made available to us.

Banking Sector Regulation. (13 May 2009)

Brian Lenihan Jnr: Data on business credit are available to me from a number of sources including the Central Bank and the Financial Regulator. Returns are also made by institutions covered under the guarantee scheme. From the available reports it is clear there has been some reduction in business credit. The most recent Central Bank monthly statistics show a reduction in total credit outstanding from...

Banking Sector Regulation. (13 May 2009)

Brian Lenihan Jnr: I shall consider the matter when Fine Gael outlines its proposals in relation to bad loans because the availability of EU funding through the European Central Bank would be contingent on this. When there is a scoped proposal, I shall examine it. As regards the review, it is progressing well, but to ensure it was comprehensive extra steps were taken, including the inclusion of banks other...

Banking Sector Regulation. (13 May 2009)

Brian Lenihan Jnr: The report is not ready because of the inclusion of all the banks in the Irish picture. It will be ready by the end of June.

National Asset Management Agency. (13 May 2009)

Brian Lenihan Jnr: The objective of the National Asset Management Agency, NAMA, is to strengthen the banks' balance sheets which will considerably reduce uncertainty over bad debts and as a consequence ensure the flow of credit on a commercial basis to the real economy, to protect and grow employment, while protecting the interest of taxpayers. As I announced in early April, the potential book value of loans...

National Asset Management Agency. (13 May 2009)

Brian Lenihan Jnr: I am glad the Deputy at least acknowledges that valuation is the crucial issue, that the valuation of the transferred assets lies at the heart of what has to be done. To ensure best value for money for the taxpayer, loans will be transferred from the banks to the agency at an appropriate written down value, depending on an assessment of the value of the loans and the risk being transferred...

National Asset Management Agency. (13 May 2009)

Brian Lenihan Jnr: -----in establishing a basis with the interim managing director and elaborating on a proposal which can be translated into legislative form and considered by the House. Loans will be transferred from the banks to the agency at an appropriate written down value as determined by it. The assessment will have to be in line with European Commission guidance. The identity of the members of the...

Written Answers — Tax Code: Tax Code (12 May 2009)

Brian Lenihan Jnr: As the Deputy will be aware, section 473 of the Taxes Consolidation Act 1997 provides tax relief at the standard rate of tax (20%), up to certain specified maximum amounts, to individuals who pay for private rented accommodation that is used as their sole or main residence. However, tax relief is not available in respect of tenancies held from local authorities. The making of rent schemes...

Written Answers — National Lottery Funding: National Lottery Funding (12 May 2009)

Brian Lenihan Jnr: The amount of National Lottery funding available for good causes in 2007 was €230 million while the amount available in 2008 was €265 million. The corresponding amount which will be available in 2009 is estimated at €270 million. Appendix 1 of the Revised Estimates for Public Services for each of the years 2007 and 2008 gives a breakdown by Department of subheads which were part...

Written Answers — Tax Code: Tax Code (12 May 2009)

Brian Lenihan Jnr: I have been informed by the Revenue Commissioners that no claim for 2008 has been received for the person referred to in this case. All previous year repayment claims received have been dealt with. If the person wishes to make a claim for 2008, he or she may do so by forwarding the relevant details to: Office of the Revenue Commissioners, Government Offices, Spa Rd, Tralee, County Kerry.

Written Answers — Tax Code: Tax Code (12 May 2009)

Brian Lenihan Jnr: When Stamp Duty relief for first-time purchasers was introduced in Finance (No. 2) Act 2000, the relief was also extended to spouses who, as a result of a judicial separation or divorce, left the family home to the other spouse and did not have an interest in any other property. Also, a person whose marriage is the subject of a decree of divorce, judicial separation, nullity or a deed of...

Written Answers — Public Sector Recruitment: Public Sector Recruitment (12 May 2009)

Brian Lenihan Jnr: The National Asset Management Agency (NAMA) will be established on a statutory basis, under the aegis of the National Treasury Management Agency (NTMA). In accordance with section 7 of the National Treasury Management Agency Act 1990, the recruitment of staff, and terms and conditions of employment, are a matter for the NTMA and will not be subject to public service recruitment restrictions....

Written Answers — Tax Code: Tax Code (12 May 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that a scheme of capital allowances in respect of expenditure incurred on the refurbishment or construction of a nursing home that is registered under section 4 of the Health (Nursing Homes) Act 1990, has been in place since December 1997. Under the scheme, qualifying expenditure can be written off against a person's tax liability at the rate of 15%...

Written Answers — Tax Code: Tax Code (12 May 2009)

Brian Lenihan Jnr: As I outlined in the recent Budget, with effect from 1 May 2009, mortgage interest relief is being limited so that the interest payable on a qualifying home loan qualifies for tax relief for the first seven years only of the life of that loan. A qualifying home loan is a loan used for the purchase, repair, development or improvement of an individual's principal private residence. The...

Written Answers — Tax Code: Tax Code (12 May 2009)

Brian Lenihan Jnr: I have been informed by the Revenue Commissioners that a claim for a tax refund in respect of child maintenance has not been received from the person in question. A claim may be made by forwarding the relevant details to: Office of the Revenue Commissioners, PAYE Mail Centre, P O Box 63, Ennis, County Clare. A claim has been received in respect of One Parent Family credit and is currently...

Written Answers — Tax Collection: Tax Collection (12 May 2009)

Brian Lenihan Jnr: Figures of the net receipt of tax revenue from 1999 to 2008 under the headings requested by the Deputy are as set in the following table to the extent that figures are available or appropriate. Net Receipts of Tax Revenue 1999 to 2008 under specific headings 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Taxhead â'¬m â'¬m â'¬m â'¬m â'¬m â'¬m â'¬m â'¬m â'¬m â'¬m ...