Results 841-860 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Public Private Partnership: Public Private Partnership (1 Dec 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 103 and 104 together. In light of the publication of the Government's Four Year Plan last week, I am now in a position to consider proposals for sanction for Public Private Partnership capital projects when they are submitted by departments. As the Deputy is aware, the Plan provides for reduced allocations compared with levels the Government had previously...

Written Answers — Public Sector Pay: Public Sector Pay (1 Dec 2010)

Brian Lenihan Jnr: The Public Service Agreement 2010 - 2014, or Croke Park Agreement, provides that to the greatest extent possible , there will be standardised terms and conditions of employment across the Public Service with the focus initially within sectors. As my responsibilities as employer extend only to the civil service, surveys of non–pay conditions applying in the public service are outside my...

Written Answers — Tax Code: Tax Code (1 Dec 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the transport of passengers and their accompanying baggage is exempt from VAT under Paragraph 14(3) of Schedule 1 to the Value-Added Tax Consolidation Act 2010. Accordingly, the provision of a taxi service is exempt from VAT. The provider of a service that is exempt from VAT does not charge VAT on the service and is not entitled to deduct, or...

Written Answers — Tax Code: Tax Code (1 Dec 2010)

Brian Lenihan Jnr: The Approved Share Option Scheme was introduced in 2001 and is provided for in Chapter 4, Part 17 and Schedule 12C of the Taxes Consolidation Act, 1997. It is estimated that the scheme cost €0.5 million in 2009, the most recent year for which statistics are available. Abolition of the scheme was recommended by the Commission on Taxation in its recent report. The Commission indicated that...

Written Answers — Property Services Providers: Property Services Providers (1 Dec 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that under current legislation, the Auctioneers and House Agents Acts 1947 to 1973, licences are issued to auctioneers and house agents by the Revenue Commissioners. There are currently no provisions in the legislation that allows the Revenue Commissioners release this information to a third party, other than those agreed to by the licence holder....

Written Answers — Departmental Expenditure: Departmental Expenditure (1 Dec 2010)

Brian Lenihan Jnr: In general, my Department uses the services of the Office of the Attorney General and the Office of the Chief State Solicitor. However it seeks outside legal advisors in circumstances requiring legal services of a specific nature. The following amounts were paid by my Department in respect of such legal fees for the years 2008, 2009 and to date in 2010: 2008 €1.873m 2009 €5.876m 2010...

Written Answers — Departmental Expenditure: Departmental Expenditure (1 Dec 2010)

Brian Lenihan Jnr: I have not spent any money directly with the bank. As was stated in the Comptroller and Auditor General's recent report, the NTMA spent €4.54 million with the bank in the period between September 2009 and July 2010. A recent letter from the NTMA to the Public Accounts Committee stated that "Rothschild were appointed to provide banking advisory services to the Minister for Finance, acting...

Written Answers — Infrastructure Investment Priorities: Infrastructure Investment Priorities (1 Dec 2010)

Brian Lenihan Jnr: The Capital Review published last July was based on a budget of €5.5 billion in each year from 2011 to 2016. Given the need for additional savings, further capital adjustments will be required. Of the total annual cumulative budgetary adjustment by 2014, lower capital allocations will contribute €3 billion. The investment framework set out in the Capital Review (Infrastructure Investment...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Brian Lenihan Jnr: Deputy Burton has got it all wrong. There was no visit.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Brian Lenihan Jnr: Not at the UN.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Brian Lenihan Jnr: To which page does the Deputy refer?

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Brian Lenihan Jnr: There were so many questions I am trying to catch up with them. First, it is not correct to state, as Deputy Burton suggested, that the Government is not imposing burden sharing on bondholders. It is very clear if Deputy Burton reads the report that this is one of the first steps that is being taken under the programme. It is an action for the first review, where burden sharing by holders...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Brian Lenihan Jnr: If we are going to have informed-----

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Brian Lenihan Jnr: If we are going to have informed debate about these matters, let us not throw out references at large without any precision. Deputy Burton directly stated in the House a few moments ago that nothing had been done about bondholders. I have indicated that one of the first actions required in the first review period, which is a quarterly period - Deputy Burton inquired about that. The reviews...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Brian Lenihan Jnr: The first quarter of 2011. The end of March 2011.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Brian Lenihan Jnr: Deputy Burton will notice that the most important elements of what has to be done in the first quarter is the budget and certain banking changes. They will be substantially in place by the end of January or at the latest by the end of February. That is the envisaged timescale. Let us not play with words.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Brian Lenihan Jnr: The formal obligation however is in the first three months. The agreement is expressed as the first quarter of 2011. Clearly the budget in practical terms is the first instalment of the four year plan which has been endorsed in this programme. The budget is the decisive signal on the implementation of this whole programme. On bondholders, first, having clarified Deputy Burton's inaccurate...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Brian Lenihan Jnr: -----senior bondholders. I am now turning to senior bondholders in answer to her question. Senior bondholders, in turn, have two categories. Some senior bondholders in the banks have obtained Government guarantees on the bonds in question, under the previous guarantee or under the eligible liabilities guarantee, ELG, scheme. There are guaranteed bonds and un-guaranteed bonds. It is...

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Brian Lenihan Jnr: I am not convinced but, again, I will seek the opinion of the Attorney General on the matter. It seems to envisage a multi-annual framework. I fail to see how that infringes the Constitution. The four year plan does not infringe the Constitution. On Deputy Burton's demand for accountability, there is a commission of inquiry in session under Mr. Nyberg.

EU-IMF Programme for Ireland and National Recovery Plan 2011-14: Statements (Resumed) (1 Dec 2010)

Brian Lenihan Jnr: I will if Deputy Noonan bears with me for a moment. On 29 November the Governor of the Central Bank stated in an interview on RTE's "News at One" that Anglo Irish Bank would be out of the system in a number of weeks. The Central Bank issued a clarification statement further to the Governor's appearance in which it stated, as outlined by the Governor, Patrick Honohan, that the Central Bank...