Results 761-780 of 16,537 for speaker:Brian Lenihan Jnr
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)
Brian Lenihan Jnr: The funds will be provided to Ireland on the basis of the terms and conditions in the memoranda of understanding and related documents. I can inform the House that it is expected that drawdown of the external financing element will begin early in the new year. The specific policy measures associated-----
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)
Brian Lenihan Jnr: -----with the programme were decided by the Government.
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)
Brian Lenihan Jnr: The proposal to reduce the minimum wage was examined and a decision arrived at by the Government in the normal way.
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)
Brian Lenihan Jnr: I can point out to Deputy Penrose that the decision on the national minimum wage was announced by the Government in the national recovery plan and is clearly set out in pages 35 and 36 of the plan. There was considerable debate last night about the issue of bank bonuses and I take this opportunity to repeat what I said last night. As the House will be aware, the legislation introduced on...
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)
Brian Lenihan Jnr: No bonuses have been paid to bankers for 2009 or for 2010.
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)
Brian Lenihan Jnr: I welcome the clarification by AIB's new executive chairman David Hodgkinson who told staff that the payments reflected the past - before 2008 - and that this was not the way the bank intended to conduct itself in the future.
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)
Brian Lenihan Jnr: What it means is that they went to the High Court and tried to contest them and were legally upheld.
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)
Brian Lenihan Jnr: It should be borne in mind that such bonuses are taxed at the highest rates of income tax.
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)
Brian Lenihan Jnr: It is especially important that Members of this House realise that these bonuses are fully taxed.
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)
Brian Lenihan Jnr: To copper-fasten the existing ban on bonuses to senior and mid-ranking bank officials-----
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)
Brian Lenihan Jnr: ----- I will include a provision in the upcoming Finance Bill to introduce a 90% tax rate on any future banker's bonus in all guaranteed institutions. In addition, the Government has recently passed new Central Bank legislation, which gives the Central Bank the power to take enforcement action in the event of non-compliance by the banks with remuneration policies. The Central Bank has seen...
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (Resumed) (10 Dec 2010)
Brian Lenihan Jnr: The most crucial issue is that these bonuses are fully subject to income taxation and any attempt to single out a group of income taxpayers for penal treatment in a retrospective way would of course be entirely impossible.
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (9 Dec 2010)
Brian Lenihan Jnr: I move: "That the Bill be now read a Second Time." The Financial Emergency Measures in the Public Interest (No 2) Bill 2010 gives legislative effect to a number of the important measures decided on by the Government and announced in the national recovery plan and budget 2011. These are difficult but necessary measures which Ireland must take to secure the budgetary position and promote...
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (9 Dec 2010)
Brian Lenihan Jnr: The continuation in office is the constitutional phrase. The reduction can take place only during their continuation in office, not on their retirement.
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (9 Dec 2010)
Brian Lenihan Jnr: I will.
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (9 Dec 2010)
Brian Lenihan Jnr: We have increased it by 1%.
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (9 Dec 2010)
Brian Lenihan Jnr: The restriction on pension relief will have a huge impact on the categories the Deputy mentioned.
- Financial Emergency Measures in the Public Interest (No. 2) Bill 2010: Second Stage (9 Dec 2010)
Brian Lenihan Jnr: If the Deputy submits an appropriate proposal, I will examine it for the Finance Bill.
- Order of Business (9 Dec 2010)
Brian Lenihan Jnr: We have a place called the High Court.
- Written Answers — Property Valuations: Property Valuations (8 Dec 2010)
Brian Lenihan Jnr: I should point out that the Commissioner of Valuation is independent in the exercise of his duties under the Valuation Act 2001 and I, as Minister for Finance, have no function in decisions in this regard. Under section 28 (4) of the Act, a Revision Officer of the Commissioner may carry out a revision of valuation in relation to a particular property only if a material change of...