Results 7,981-8,000 of 16,537 for speaker:Brian Lenihan Jnr

Irish Economy: Motion (17 Feb 2009)

Brian Lenihan Jnr: I know they will go the distance with us and that we will be able to restore financial soundness and lay a foundation for economic recovery in the future.

Written Answers — Public Contracts: Public Contracts (12 Feb 2009)

Brian Lenihan Jnr: I have had the reference drawn to my attention. EU Procurement rules mean that public contracts are open to firms in all other Member States on an equal basis. In that context, exchange rate movements outside the eurozone can place Irish firms at a disadvantage. However, the current recessionary situation which has entailed a fall in tender prices should also lead to a reduction in...

Written Answers — Fiscal Policy: Fiscal Policy (12 Feb 2009)

Brian Lenihan Jnr: In December 2008 the European Council endorsed Commission proposals for a European Economic Recovery Plan (EERP) involving a fiscal stimulus equivalent to approximately 1.5% of EU GDP, as part of the Community response to the economic and financial crisis. Depending on national circumstances, the support measures involve targeted, timely and temporary measures in the areas of public...

Written Answers — Departmental Staff: Departmental Staff (12 Feb 2009)

Brian Lenihan Jnr: Forty-two Secretaries General (or equivalent) retired in the period 1 January 1997 to date. Their salaries at the date of retirement ranged from €105,026.38 to €253,635. Their current pensions range from €70,506 to €142,670. Specific dates of retirement and associated pensions and salaries are not provided as individuals could be identified from such information. This would not be...

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

Brian Lenihan Jnr: Tax relief is not available in respect of third level college registration fees. There is therefore no financial cost in this area, in terms of tax foregone by the Exchequer, for 2008. I would like to inform the Deputy that tax relief is however available in respect of third level tuition fees. This relief is given in respect of tuition fees for approved undergraduate and postgraduate...

Written Answers — Banking Sector: Banking Sector (12 Feb 2009)

Brian Lenihan Jnr: Anglo Irish Bank is being run on an arms length commercial basis. Accordingly, normal commercial decisions, which include decisions on use of outside public relation agencies and consultants, are matters for the Board of Anglo. The Board of Anglo is preparing a comprehensive business plan which will be required to demonstrate how the board will oversee the continued commercial operation of...

Written Answers — Freedom of Information: Freedom of Information (12 Feb 2009)

Brian Lenihan Jnr: My Department received 66 FOI requests in 2007 and 180 requests in 2008. As well as "the number acceded to" and "the number refused", there were a number of requests which were "part granted" and others which were "withdrawn". (In general, those withdrawn requests were either transferred to other Departments or were handled outside the FOI Act). All are included on a month-by-month basis...

Written Answers — Pension Provisions: Pension Provisions (12 Feb 2009)

Brian Lenihan Jnr: The pension related deduction applies to public servants, that is those who are employed in a public service body whether on a full time or part time basis and the deduction will apply to all remuneration including allowances and overtime. It will not apply to occupational or State pension income received by retired public servants. It is not being applied to the commercial semi state sector.

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

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the taxpayer received a letter containing a breakdown of Income Tax and PRSI charged for 1993/94, 1994/95 and 1995/96 on 6th July 2007, as requested by the taxpayer's accountant, to assist in negotiations with the Department of Social and Family Affairs. A copy of this letter was reissued to the taxpayer on 11 February 2009. This information...

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

Brian Lenihan Jnr: My reply of 27 January to the Deputy sets out the position that a person carrying on a business that includes the erection of buildings or the development of land is required to operate RCT on making payments to subcontractors. At all times Revenue officials are obliged to act in a fair and impartial manner, consistent with the instructions issued from time to time. Most taxpayers operate...

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

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the cost to the Exchequer of the artists' exemption scheme is estimated at €34.8 million, based on income tax returns filed for the income tax year 2005, the most recent year for which the necessary detailed information is available. Corresponding information is not yet available for years following 2005.

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

Brian Lenihan Jnr: The existing income levy is a three-rate structure based on rates of 1%, 2% and 3%. Assuming that all three existing rates are meant to be replaced by each rate mentioned by the Deputy, I am informed by the Revenue Commissioners that the full year yield to the Exchequer from increasing the existing income levy rates to5%, 10%, 15% or 20% is estimated to be of the order of €3.3 billion,...

Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)

Brian Lenihan Jnr: The Labour Party bailed out a bank for nothing.

Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)

Brian Lenihan Jnr: I thank Deputies for their contributions on the Government's recapitalisation plans for Allied Irish Banks and Bank of Ireland. I re-iterate the sentiment of my earlier remarks when I stressed that underpinning the stability of the financial system of the State, given its importance to the economy, is vital. The measures announced yesterday are intended to secure the stability of our...

Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)

Brian Lenihan Jnr: Very good. The structured process undertaken to arrive at the current proposals gives me confidence that the investment will succeed in building market confidence and kick-start lending to the economy. The amount to be invested was determined following consideration of likely trends in property values and various stress scenarios for the economy. Confidence can now be offered to markets on...

Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)

Brian Lenihan Jnr: Second, contrary to the impression created in certain quarters, I want to make it absolutely clear that this is not simply money being given to banks but rather an investment by the State. This is an investment that will generate strong return in the current environment. Specific conditions are also attached, including warrants that provide the State with access to the upside when the value...

Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)

Brian Lenihan Jnr: I move: "—That Dáil Éireann: commends the recapitalisation terms to be offered by the Government to Allied Irish Banks and Bank of Ireland, with €3.5 billion in capital to be provided to each bank, with an 8% annual coupon payable to the State; notes and commends the bank customer package which has been negotiated with the banks in the context of the recapitalisation, which provides...

Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)

Brian Lenihan Jnr: It is a very expensive idea.

Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)

Brian Lenihan Jnr: Not the chief executive.

Recapitalisation of Allied Irish Banks and Bank of Ireland: Motion (12 Feb 2009)

Brian Lenihan Jnr: Will members of the Labour Party be there? Would the Deputy like me to reopen it?