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Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)

Pat Rabbitte: He kept his €183 million pay-out.

Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)

Pat Rabbitte: I wish to share time with Deputy Morgan. The past conduct of the banks, the cost of this unprecedented insurance policy and the greed of some of the people at the top in the banks have naturally attracted much attention in this debate. Reckless lending policies, valuation of bank assets, capital adequacy ratios and the efficacy of the regulatory system are important issues, but in the brief...

Approval of Credit Institutions (Financial Support) Scheme 2008: Motion (17 Oct 2008)

Pat Rabbitte: He will not be short of options.

Order of Business (16 Oct 2008)

Pat Rabbitte: How many Commissioners were there at the time?

Order of Business (16 Oct 2008)

Pat Rabbitte: We know that.

Written Answers — Residency Permits: Residency Permits (15 Oct 2008)

Pat Rabbitte: Question 39: To ask the Minister for Justice, Equality and Law Reform if his attention has been drawn to the concerns that applications for residency from persons outside of the EU area, and particularly from South African citizens, who are in possession of work permits that have been going astray within his Department; if he is satisfied that adequate procedures are in place to record and...

Financial Resolution No. 15: (General) Resumed (15 Oct 2008)

Pat Rabbitte: Overseas.

Financial Resolution No. 15: (General) Resumed (15 Oct 2008)

Pat Rabbitte: He was abolished yesterday.

Financial Resolution No. 13: Stamp Duties (14 Oct 2008)

Pat Rabbitte: I do not take issue with Financial Resolution No. 9. It is equitable that the figure is capped at a more reasonable amount than was the case up to now. For many of the reasons Deputy Shatter advanced, it is desirable that people in those circumstances ought to have some incentive to provide for themselves in terms of their pension rights. It is interesting, though, that the Government has...

Financial Resolution No. 13: Stamp Duties (14 Oct 2008)

Pat Rabbitte: No, I am referring to the figure on capital gains tax. There is a figure of €160 million in a full year. I would like to know where the expert advice available to the Government came from. I hope nobody on the opposite side of the House has been playing golf with some dental economist. Where will this €160 million come from?

Financial Resolution No. 13: Stamp Duties (14 Oct 2008)

Pat Rabbitte: That is a pity. Where will the €160 million come from? Is somebody currently making money on shares or the disposal of property, or on something I do not know about? I would like to hear the Minister or the Tánaiste tell us where those particular figures came from. The increase for bills of exchange and cheque books is, I suppose, neither here nor there. Some of us still use them. We...

Financial Resolution No. 13: Stamp Duties (14 Oct 2008)

Pat Rabbitte: Yes, there could.

Financial Resolution No. 13: Stamp Duties (14 Oct 2008)

Pat Rabbitte: For the record, it was €168 million.

Financial Resolution No. 13: Stamp Duties (14 Oct 2008)

Pat Rabbitte: It is €168 million, not €106 million.

Financial Resolution No. 13: Stamp Duties (14 Oct 2008)

Pat Rabbitte: I did not hear the Tánaiste's reply to my query.

Financial Resolution No. 13: Stamp Duties (14 Oct 2008)

Pat Rabbitte: There is no gainsaying that.

Financial Resolution No. 13: Stamp Duties (14 Oct 2008)

Pat Rabbitte: I hope the Tánaiste's cheques are filled in before they are handed over.

Financial Resolution No. 8: Excise Duty (Betting Tax) (14 Oct 2008)

Pat Rabbitte: It is beyond belief when one considers that 8 cent will be added to the price of a litre of petrol. The price of oil is falling at present, partly as a result of the financial turmoil. However, there has not been a commensurate decrease in the price charged for petrol and diesel at filling stations. The Government is now going to drive the price up again by imposing this 8 cent increase....

Financial Resolution No. 8: Excise Duty (Betting Tax) (14 Oct 2008)

Pat Rabbitte: I cannot believe the Green Party would go along with that.

Financial Resolution No. 8: Excise Duty (Betting Tax) (14 Oct 2008)

Pat Rabbitte: The Minister for Finance has taken the baton from his predecessor, the Taoiseach, Deputy Cowen, and crashed straight into a wall. The more I consider the macro figures, the more I understand why Ministers were whey-faced on their way in and out of Government Buildings during the past three weeks. The position is disastrous. The Government had a choice involving making expenditure cuts,...

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