Results 7,421-7,440 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Yield: Tax Yield (4 Mar 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the information available in respect of the yield from inheritance tax is as follows: Year Inheritance Tax â'¬m 2004 171.3 2005 196.7 2006 299.4 2007 314.5 2008* 291.8 *The figure for 2008 is provisional and subject to revision.

Written Answers — Tax Yield: Tax Yield (4 Mar 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the full year gain or loss to the Exchequer, estimated by reference to the expected 2009 outturn, of a 1% change in the rate of capital gains tax (CGT) is estimated to be in the range of €35 million to €39 million. CGT is very dependent on individual behaviour and a change in rate may not produce a corresponding increase or decrease in tax...

Written Answers — Tax Yield: Tax Yield (4 Mar 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the full year yield or loss to the Exchequer, estimated by reference to expected 2009 outturn, of a 1% change in the rate of inheritance tax, is estimated to be in the region of €11 million.

Written Answers — Tax Yield: Tax Yield (4 Mar 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the full year gain to the Exchequer of a 10% and 20% reduction in the inheritance thresholds is estimated to be in the order of €19 million and €37 million respectively. These estimates are based on transactions recorded in 2008.

Written Answers — Decentralisation Programme: Decentralisation Programme (4 Mar 2009)

Brian Lenihan Jnr: As I announced in my Budget statement, the Government has reviewed the decentralisation programme and has identified priority elements which should proceed at this time. In prioritising the projects which are going ahead, the Government has taken account of the human resource aspects of the programme, commitments already made, the costs involved and the business readiness of organisations to...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (4 Mar 2009)

Brian Lenihan Jnr: Anglo Irish Bank was taken into public ownership on the 21 January 2009. At that time the board of the bank was reconstituted under the chairmanship of Mr Donal O'Connor. The bank continues to trade as a commercial entity and the board and management of the bank continues to manage the bank on and independent and commercial basis, at arms length from Government. The Board of the bank is...

Written Answers — Tax Refund: Tax Refund (4 Mar 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that they have received a claim for repayment of deposit interest retention tax in respect of the years 2004 to 2007 inclusive. Revenue has processed the claims and a cheque in respect of the tax overpaid will issue to the taxpayer within the next week.

Written Answers — Grant Payments: Grant Payments (4 Mar 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the relevant claim form for Owner-Occupier relief, and some supporting documentation was received on 29 January 2009 from the person in question. The Sligo Revenue office has been in contact with the person to obtain documents omitted and clarifications of some information provided. When the outstanding documentation and clarifications are...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (4 Mar 2009)

Brian Lenihan Jnr: The Financial Regulator has advised me that in the time available, it has not been possible to identify and assemble the information requested. I will write to the Deputy with material as soon as possible.

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Brian Lenihan Jnr: At this late stage, the best course for me would be to undertake to the House that subject to any requirements of confidentiality, I will inform the House in advance of any such investment but I cannot absolutely guarantee it in the circumstances. I take the point made by Deputy Bruton that a particular share sale might not have any particular share sensitivity but the size of the pension...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Brian Lenihan Jnr: This is a reasonable amendment although I will not accept it. The National Pensions Reserve Fund Commission is required to submit an annual report to the Minister of Finance under section 27 of the existing Act, as soon as may be but not later than six months after the end of each financial year. Copies of the report must be laid before each House of the Oireachtas. Section 27(2) sets out...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Brian Lenihan Jnr: The information must be provided and laid before the Houses of the Oireachtas already under the NTMA legislation. That was the substance of my reply. However, with regard to the credit institutions and the powers under this legislation, I will undertake to the House to give a direction to the NTMA to provide the maximum possible information with regard to investment in the credit...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Brian Lenihan Jnr: What amendment is it?

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Brian Lenihan Jnr: I move amendment No. 3: In page 10, between lines 24 and 25, to insert the following: "(2) A designated body may from time to time transfer, to the Minister or such other person or body as the Minister may direct, outstanding mortgage loan payments representing the principal and interest amounts of securitised local authority mortgage payments due to the designated body.". It is Ulysses,...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Brian Lenihan Jnr: I move amendment No. 4: In page 10, line 25, to delete "(2)" and substitute "(3)".

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Brian Lenihan Jnr: I move amendment No. 5: In page 10, line 29, to delete "(3)" and substitute "(4)".

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Brian Lenihan Jnr: I move amendment No. 6: In page 10, line 29, to delete "(2)" and substitute "(3)".

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Brian Lenihan Jnr: Is there an amendment before the House?

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Brian Lenihan Jnr: Deputy O'Donnell raised the question of the machinery for approval of the regulations. There is provision in this section that every regulation made under subsection (2) shall be laid before each House of the Oireachtas as soon as may be after it is made. There is the option before the House to annul the regulations. That is a power given to the Oireachtas and therefore it is not correct...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Brian Lenihan Jnr: I appreciate that but I am not in a position to advise Deputy Rabbitte of my position on this issue today. I will communicate with the Deputy but am not in a position to give a finalised fiscal assessment on the issue to him today.