Results 981-1,000 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Brexit Issues (28 Feb 2017)

Michael Noonan: The Government's position in relation to the border with Northern Ireland in the context of BREXIT is very clear and has been articulated by the Taoiseach on several occasions.  Continued freedom of movement, absence of a hard border, and minimal impact on business and trade are key objectives.  The Government is clear that any manifestation of a hard border would have very negative...

Written Answers — Department of Finance: Common Consolidated Corporate Tax Base Negotiations (28 Feb 2017)

Michael Noonan: The European Commission's proposal for a Common Consolidated Corporate Tax Base was published in October 2016 and an initial discussion on the proposal took place at the November 2016 ECOFIN meeting.  During the discussion, which was held in public session, a number of my fellow Ministers gave some initial impressions of the proposal.  At December ECOFIN, Council...

Written Answers — Department of Finance: Credit Union Restructuring (28 Feb 2017)

Michael Noonan: One recommendation of the Credit Union Advisory Committee (CUAC) in the Review of Implementation of the Recommendations in the Commission on Credit Unions Report (the Report) was that an Implementation Group be established for a specified period of time to oversee and monitor implementation of those recommendations in a methodical manner and to advise the Minister for Finance...

Written Answers — Department of Finance: Credit Union Services (28 Feb 2017)

Michael Noonan: The Credit Union Act, 1997 (1997 Act) and the Credit Union Act 1997 (Regulatory Requirements) Regulations 2016 (2016 Regulations) (which set out services exempt from additional services requirements), set out the services that a credit union may provide to its members.  Where a credit union wishes to provide services to its members, other than those services that are provided for under...

Written Answers — Department of Finance: Investor Compensation Company Limited (28 Feb 2017)

Michael Noonan: I have been informed that to date, the ICCL has received 1,977 claims for compensation from former clients of Custom House Capital Ltd (CHC). All claims received are passed to the Administrator, Mr Kieran Wallace, who is required to certify the compensable loss involved for each claimant, following which notification, the ICCL will arrange payment of compensation to the investors...

Written Answers — Department of Finance: Investor Compensation Company Limited (28 Feb 2017)

Michael Noonan: The Irish Investor Compensation Scheme (the "ICS"), operated by the Investor Compensation Company DAC (the "ICCL"), originates from the EU Directive 97/9/EC ("ICSD") which requires each Member State to establish, on a minimum harmonisation basis, an Investor Compensation Scheme to ensure that small investors can receive statutory levels of compensation when they suffer losses to their assets...

Written Answers — Department of Finance: State Aid (28 Feb 2017)

Michael Noonan: On 30 August 2016, it was announced that the Commission had issued a negative decision in the Apple State Aid case.  The Government remains of the view that there was no breach of State Aid rules in this case and that the legislative provisions were correctly applied.  By appealing the Decision the Government is taking the necessary course of action to vigorously defend the Irish...

Written Answers — Department of Finance: Commissions of Investigation (28 Feb 2017)

Michael Noonan: The Deputy will be aware that, on 15 September 2016, the Taoiseach met party leaders with a view to hearing their views on the potential establishment and suitable terms of reference of a Commission of Investigation.  The Taoiseach subsequently received a number of submissions on the matter.  The Taoiseach met the party leaders again on 4 October 2016 and agreed in principle...

Written Answers — Department of Finance: Common Consolidated Corporate Tax Base Negotiations (28 Feb 2017)

Michael Noonan: The European Commission's proposal for a Common Consolidated Corporate Tax Base was published in October 2016 and an initial discussion on the proposal took place at the November 2016 ECOFIN meeting. During the discussion, which was held in public session, a number of my fellow Ministers gave some initial impressions of the proposal. At December ECOFIN, Council...

Written Answers — Department of Finance: Insurance Compensation Fund (28 Feb 2017)

Michael Noonan: Setanta was placed into liquidation by the Malta Financial Services Authority on 30 April 2014. Setanta is a Maltese incorporated company and therefore, the Setanta liquidation is being carried out under Maltese law.  The most recent figures received by the Department of Finance from the Liquidator for Setanta is that the number of open claims is 1,658. Progress in the...

Written Answers — Department of Finance: Insurance Compensation Fund (28 Feb 2017)

Michael Noonan: Insurance guarantee schemes provide last-resort protection to policyholders and beneficiaries when insurers are unable to fulfil their contractual commitments.  They protect against the risk that claims will not be met in the event of a failure of an insurance undertaking. The main insurance guarantee scheme in Ireland is the Insurance Compensation Fund (ICF) which covers the...

Written Answers — Department of Finance: Insurance Compensation Fund (28 Feb 2017)

Michael Noonan: Enterprise Insurance Company plc (Enterprise) is a Gibraltar incorporated company and, therefore, the Enterprise liquidation is being carried out under the laws of Gibraltar.  The situation around the Enterprise liquidation is an evolving one.  The position as it currently stands is as set out below. A Provisional Liquidator was appointed to Enterprise on 25...

Written Answers — Department of Finance: Financial Services Sector (28 Feb 2017)

Michael Noonan: The second annual European Financial Forum was held on 24 January 2017 and was a key deliverable as part of the IFS2020 Strategy's Action Plan for 2016. The event was hosted by my colleague Minister of State for Financial Services, Eoghan Murphy TD, who has responsibility for the IFS2020 strategy. IDA Ireland and EI had lead responsibility for organising this event, in consultation with the...

Written Answers — Department of Finance: Financial Services Sector (28 Feb 2017)

Michael Noonan: While I personally have not specifically raised this issue in talks, I would point out that Minister of State, Deputy Eoghan Murphy along with my officials are using every opportunity, to promote Ireland as a location of choice for the European Banking Authority.  We place a strong emphasis on Financial Services as can be seen from the growth and...

Written Answers — Department of Finance: Universal Social Charge Abolition (28 Feb 2017)

Michael Noonan: The fiscal forecasts contained in Budget 2017 set out projections in respect of 2017 to 2021.  Projections beyond 2021 are not available at this stage.     The indicative net fiscal space over the 2018 to 2021 period is some €9.3 billion in cumulative terms (as outlined in Budget 2017 Table A7).  It should be noted that indicative fiscal space...

Written Answers — Department of Finance: NAMA Debtors (28 Feb 2017)

Michael Noonan: In answering the Deputy's question I would refer the Deputy to the information that is published by NAMA on a quarterly basis as part of its Section 55 report.  This information is laid before the Houses and is available on the NAMA website. Footnote 15 of the NAMA quarterly Report and Accounts sets out a full reconciliation of the movement in NAMA's loans and...

Written Answers — Department of Finance: Motor Insurance (28 Feb 2017)

Michael Noonan: The Working Group on the Cost of Motor Insurance, chaired by Minister of State, Deputy Eoghan Murphy, completed its Report in December 2016.  The Report was approved by the Government on 10 January 2017 and subsequently published.  It sets out a detailed set of 33 recommendations and 71 actions to tackle those factors that are influencing the increasing cost of motor...

Written Answers — Department of Finance: Tax Reliefs Application (28 Feb 2017)

Michael Noonan: I am advised by Revenue that they are committed to processing all paper health expenses claims (Med 1 form) within 20 working days. This is set out in their Customer Service Standards published on their website. Taxpayers are, however, encouraged to self manage their tax affairs using the suite of online facilities provided by Revenue. This includes the submission of health expenses...

Written Answers — Department of Finance: Living Wage (28 Feb 2017)

Michael Noonan: I wish to inform the Deputy that the cost of implementing a living wage of €11.50 per hour for all employees directly employed by my Department would be €55,816.42 annually. With regard to the cost of implementing a living wage of €11.50 per hour for all employees in agencies funded by my Department, the Disabled Drivers Medical Board of Appeal is the only body funded...

Written Answers — Department of Finance: Brexit Issues (28 Feb 2017)

Michael Noonan: The Government priorities for the Brexit negotiations are clear: minimising the impact on trade and the economy, protecting the Northern Ireland Peace Process, maintaining the Common Travel Area, and influencing the future of the European Union. A programme of intense engagement at political and official level is continuing to ensuring that our priorities are heard and understood across...