Results 7,721-7,740 of 8,073 for speaker:Peter Burke

Written Answers — Department of Agriculture, Food and the Marine: GLAS Issues (15 Nov 2016)

Peter Burke: 644. To ask the Minister for Agriculture, Food and the Marine his plans for SAC farmland in terms of recent cuts to GLAS; the future EU funding for SAC farmland; and if he will make a statement on the matter. [34664/16]

Written Answers — Department of Transport, Tourism and Sport: Heavy Goods Vehicle Levy (15 Nov 2016)

Peter Burke: 679. To ask the Minister for Transport, Tourism and Sport the reason haulage companies have to pay a tariff when entering Northern Ireland; the reason the reverse is not the case in the interests of equity; and if he will make a statement on the matter. [34666/16]

Topical Issue Debate: Regional Development Initiatives (10 Nov 2016)

Peter Burke: I thank the Minister for taking this matter. On 30 June the local representatives in Mullingar received details from the legal adviser of Imperial Tobacco that the factory intended to close and relocate its manufacturing to the Netherlands. The decision meant the loss of 87 jobs, which were good strong jobs in Mullingar whose loss had a generational impact throughout the town. I demand...

Topical Issue Debate: Regional Development Initiatives (10 Nov 2016)

Peter Burke: I am aware that ownership of the site is not in the control of Enterprise Ireland or the IDA but we are talking about delivering an advance factory unit to Westmeath in 2017 and this unit is 10,000 sq. m in size and stands on a site of 8.5 ha. It is a large, ready-made site which can deliver a manufacturing facility into Mullingar. A total of 16 client companies from the IDA employ 2,300...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (Resumed) (10 Nov 2016)

Peter Burke: As someone who has operated the new RCT system as an accountant, I would point out that there is a significant amount of genuine self-employment. Revenue has never been in possession of as much data as it has now. If one takes into consideration the changes that have happened since 2016 in terms of a principal actually registering a contract through the eRCT system, one will see that the...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Peter Burke: In the Comptroller and Auditor General's report, the discount rate is backed up by NAMA's cashflow projections and we have a lower discount rate, 2.5%, on the extract that is replicated in the report. What work does Mr. McCarthy's office undertake to stress test it commercially? At times, I get a view that it has to be backed up by the minutes and the board and its replicated cashflows....

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Peter Burke: Has that work been carried out?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Peter Burke: My concern is in terms of the value-for-money audit. We are checking everything that is in the board. We are checking the data and backup, or lack thereof, NAMA has had for its decision. Mr. McCarthy's scope is to get the backup for the discount rate NAMA chose. It had cited different discount rates in the past which were lower than the one it chose for the portfolio. This is the...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Peter Burke: They need flexibility in that, but in the report it states that the board noted "that 5.5% rate should not be used as an over-arching discount rate to evaluate all potential transactions".

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Peter Burke: Does the Comptroller and Auditor General stress test that to see if it is correct? The 2.5% sensitivity analysis it did on the cashflows could be off the wall commercially. That could be a reasonable comment.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Peter Burke: That aspect is important for this committee. When the Minister for Finance was before the committee, he quoted €32 billion of contingent liabilities for the State in exiting the bailout and it was not an option to work all these loans out to 2020. We are reading NAMA strategy but things evolve as the pace in Europe gathers. Does Mr. McCarthy concur with the Minister's view? I know...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Peter Burke: That is the nub of the issue, but how long could it hold them? Surely if the State had so much debt on its balance sheet, it had to get sales through and show that the banking system and the property market were getting back to some normality. Essentially that is what NAMA was there to do. That would be a fair point.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Peter Burke: In his opening statement Mr. McCarthy commented that he had spoken to NAMA's sister audit office in the United Kingdom and got advice from it on the report, and Northern Rock was used as an example. Mr. McDonagh said in his opening statement that, at the time, experts were sought on the valuation of assets in dealing with Northern Rock. I am beginning to understand now why Mr. McCarthy did...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Peter Burke: It would have engaged experts in that report.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Peter Burke: I think Mr. McDonagh was very clear on that. If memory serves, he wrote that on the end of his statement that day. He was using that to discredit what Mr. McCarthy was saying. It is important to get to the truth of that. Did the NAO seek additional expertise in compiling its reports?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Peter Burke: I thank the witnesses for giving of their time. I have heard a good deal of evidence today. Unfortunately, I was detained at the Select Committee on Finance, Public Expenditure and Reform and the Taoiseach for part of the meeting and hope I am not repeating anything. Obviously, the discount rate is one issue about which we have had a significant argument. In terms of the process, the...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Peter Burke: What teeth does the Minister have under the NAMA Act to direct it? If he believes a major sale was not conducted appropriately, where, in terms of good practice, it has failed to display that there was sufficient competitor tension and where he believes things were not done in a comparable way to other major sales, what teeth does he have to direct NAMA? Does he have any role in that regard?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Peter Burke: Does the Minister have to act on foot of of the decisions of this committee? I am not pre-empting anything; I am not sure what the process is.

Written Answers — Department of Finance: Tax Data (10 Nov 2016)

Peter Burke: 111. To ask the Minister for Finance the total tax take on a new car retailing at €15,000, €20,000, €25,000, €30,000 and in €10,000 increments up to €100,000; if he will provide a breakdown on headings under which the tax is collected; and if he will make a statement on the matter. [34168/16]

Written Answers — Department of Finance: Tax Data (10 Nov 2016)

Peter Burke: 112. To ask the Minister for Finance the total tax paid on second-hand cars imported here beginning at €5,000 and in increments of €5,000 up to €50,000; if he will provide a breakdown on headings under which the tax is collected; and if he will make a statement on the matter. [34169/16]