Results 9,541-9,560 of 16,537 for speaker:Brian Lenihan Jnr

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) and Remaining Stages (1 Oct 2008)

Brian Lenihan Jnr: Deputy Burton raised a matter that I should have dealt with in my previous reply. The guarantee given under the scheme will be commercially valued and is a commercial transaction. Deputy Burton detected some confusion in my remarks in respect of that guarantee and another guarantee. The guarantee referred to in the interpretation section can be a wider guarantee supported by Central Bank...

Written Answers — Tax Code: Tax Code (1 Oct 2008)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that tips and gratuities, which are discretionary and not included on the customer's bill as part of the amount legally obliged to be paid by the customer, have always been, and will continue to be, outside the scope of VAT. Revenue operated a concession for a number of years, whereby service charges in hotels and restaurants were not regarded as...

Written Answers — Financial Services Regulation: Financial Services Regulation (1 Oct 2008)

Brian Lenihan Jnr: I refer the Deputy to the answer to Questions Nos. 18 (Ref: 31447/08), 60 (Ref: 31320/08 and 87 (Ref: 31660/08) on Thursday's Order Paper (25 September 2008).

Written Answers — Decentralisation Programme: Decentralisation Programme (1 Oct 2008)

Brian Lenihan Jnr: I can confirm that the position in relation to the planned relocation of the Department of Education and Science to Mullingar remains as outlined in my letter of 15th September, 2008 to the Deputy. I expect to present the reports referred to in my letter to Government over the coming weeks and I will be in touch with the Deputy again when the reports have been considered.

Written Answers — Tax Yield: Tax Yield (1 Oct 2008)

Brian Lenihan Jnr: Section 397 of the Taxes Consolidation Act 1997 deals with losses arising on the cessation of a trade, generally referred to as "terminal losses". On the cessation of a trade, losses incurred in the last twelve months may be set back against profits for the proceeding three years and corporation tax will be repaid accordingly. The currently expected yield from corporation tax in 2008 takes...

Written Answers — Tax Code: Tax Code (1 Oct 2008)

Brian Lenihan Jnr: The position is that, under section 469 of the Taxes Consolidation Act 1997, expenses incurred in respect of medical or dental treatment in an EU country are eligible for income tax relief, provided the treatment is carried out by a practitioner or in a hospital. However, health expenses relief has a specific exclusion in relation to the provision of routine dental treatment, which is...

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Brian Lenihan Jnr: Excuse me, we have not asked them to do that.

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Brian Lenihan Jnr: We do not.

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Brian Lenihan Jnr: I said, "There may be".

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Brian Lenihan Jnr: I said, "There may be".

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Brian Lenihan Jnr: We are not carrying borrowing.

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Brian Lenihan Jnr: Is the Deputy aware of what is happening in Germany and Belgium?

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Brian Lenihan Jnr: This is the plan.

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Brian Lenihan Jnr: I am not laughing. I am allowed to smile.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

Brian Lenihan Jnr: The Deputy voted for it last night.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

Brian Lenihan Jnr: I apologise.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) and Remaining Stages (1 Oct 2008)

Brian Lenihan Jnr: Deputy Bruton and Deputy Rabbitte asked about the definition of financial support, which is very widely drawn in the definition clause in the Bill. Financial support includes a loan, a guarantee, an exchange of assets and any other kind of financial accommodation or support. The purpose of the legislation is to give, in the public interest, powers to the Minister to maintain the stability...

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) and Remaining Stages (1 Oct 2008)

Brian Lenihan Jnr: Because the legislation provides such a broad power and scope that it allows the Minister to take whatever steps are necessary to address that.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) and Remaining Stages (1 Oct 2008)

Brian Lenihan Jnr: The legislation is not formulated that way. It allows any terms or conditions to be imposed on foot of the schemes in the contracts. We need as much as we can in regard to these entities.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) and Remaining Stages (1 Oct 2008)

Brian Lenihan Jnr: The amendment provides that a person "shall" be appointed to the risk assessment committee and a person "shall" be appointed to the board. I have outlined my view on this. With regard to the risk assessment committee, an observer can be required to attend. I want to take a wide variety of measures to ensure no risk attaches to lending practices.