Results 1,201-1,220 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Budget Submissions: Budget Submissions (10 Nov 2010)

Brian Lenihan Jnr: I have not received a pre-Budget submission from the Irish Senior Citizens Parliament. However, I did meet with their representative last week at a Pre-Budget meeting with the Community and Voluntary Pillar.

Written Answers — Tax Collection: Tax Collection (10 Nov 2010)

Brian Lenihan Jnr: This is a matter for the Revenue Commissioners. I am advised by Revenue that a significant tax debt was paid over six months late in this instance and Revenue sought to collect an interest debt arising from this late payment. This matter was the subject of an appeal to Revenue and also the subject of a joint review by Revenue and an external reviewer at the request of the business...

Written Answers — Tax Yield: Tax Yield (10 Nov 2010)

Brian Lenihan Jnr: As explained in my responses to previous questions in this area, the Revenue Commissioners inform me that breakdowns of the individual contributions to pension savings on which tax relief are sought are only available on an historical basis in respect of Retirement Annuity Contracts (RACs) and Personal Retirement Savings Accounts (PRSAs) and to the extent that these figures are included in...

Written Answers — Tax Yield: Tax Yield (10 Nov 2010)

Brian Lenihan Jnr: The existing restriction of reliefs or horizontal measure is activated where individuals have an adjusted income of €125,000 and claim specified reliefs of €80,000 or more. Those subject to the full restriction, at adjusted incomes of €400,000 or greater will pay an effective income tax rate of 30% in addition to PRSI and levies. Broadly, the reliefs restricted are the various property...

Written Answers — Pension Provisions: Pension Provisions (10 Nov 2010)

Brian Lenihan Jnr: It is estimated that the imposition of caps on pensions in the civil service would give rise to the following savings: A cap of €100,000 would yield a saving of €1.34 million. A cap of €110,000 would yield a saving of €0.59 million. A cap of €120,000 would yield a saving of €0.25 million. A cap of €130,000 would yield a saving of €0.05 million. A cap of €140,000 would yield...

Written Answers — Pension Provisions: Pension Provisions (10 Nov 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the latest relevant information available is in respect of income tax relief allowed for contributions to Retirement Annuity Contracts (RACs) and Personal Retirement Savings Accounts (PRSAs) for the income tax year 2007. RACs and PRSAs are available to the self-employed and to employees not in occupational pension schemes. The information is...

Written Answers — Fiscal Policy: Fiscal Policy (10 Nov 2010)

Brian Lenihan Jnr: I do not propose to comment on the circumstances of individual debtors. NAMA is currently engaging with the largest debtors whose loans have been acquired from the participating institutions. The draft business plans of these debtors are being subjected to rigorous review and only where a debtor can demonstrate viability will that engagement continue. In a number of cases, NAMA informs me...

Written Answers — Art Collection: Art Collection (10 Nov 2010)

Brian Lenihan Jnr: I understand that the Deputy also put down a similar question to my colleague, the Minister for Tourism, Sport and Culture who will respond regarding matters relevant to her functional area. The State, at present, holds, through the National Pensions Reserve Fund, some 18% of the ordinary equity in the bank. Notwithstanding this and the expectation that this stake will increase...

Written Answers — Banking Sector: Banking Sector (10 Nov 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 153 and Question 154 together. Information on the banking system is collected by the Central Bank and aggregate figures are routinely published. Since the introduction of the Guarantee, more detailed figures on the covered institutions have been supplied to my Department on a regular basis. The annual reports of individual banks with audited figures are...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (10 Nov 2010)

Brian Lenihan Jnr: The Deputy will appreciate that the primary responsibility for managing a bank and for preventing undesirable practices in that bank lies with the board of directors and management of each institution. Boards of directors have a key role as the principal decision-making body in an institution and are responsible for exercising effective control over senior management. In this regard...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (10 Nov 2010)

Brian Lenihan Jnr: In the subscription agreement, AIB and Bank of Ireland were tasked with making available 10% additional capacity for SME lending in 2009. The recapitalised banks stated that there were no constraints on lending to viable businesses. However, the 10% target did not result in the expected level of additional lending. Thus, in the context of NAMA at the end of March, both AIB and Bank of...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (10 Nov 2010)

Brian Lenihan Jnr: In many ways, the banking sector has returned to traditional banking practices with credit only being advanced when the bank is satisfied that the customer has the capacity to repay the loan and the interest as it becomes due. Mr Trethowan of the Credit Review Office considers that the two banks covered by that Office have returned to being prudent cash flow lenders to SMEs. His Office is...

Written Answers — Tax Yield: Tax Yield (10 Nov 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners the revenue accruing to the Exchequer through various motor taxes i.e. excise and carbon tax on petrol and auto-diesel, vehicle registration tax and VAT, from 2005 to date, is shown in the following table. As VAT receipts are not disaggregated by sector, the figures shown for VAT are estimated. The figures provided do not include Motor Tax, which is...

Written Answers — Financial Services Sector: Financial Services Sector (10 Nov 2010)

Brian Lenihan Jnr: As the Deputy will be aware, Ireland is a very open economy and as such there are no major impediments to Irish corporates or individuals investing across the European Union or to other jurisdictions subject to anti-money laundering regulations. With regard to the Deputy's specific question, it is my understanding that my Department have sought clarification on the question and are awaiting...

Written Answers — National Assets Management Agency: National Assets Management Agency (10 Nov 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 163 and 164 together. It was originally envisaged that NAMA would transfer loans with a nominal value of almost €81 billion from the five participating credit institutions. This was subsequently reduced by the introduction of a threshold excluding loans below €20 million at AIB and Bank of Ireland. As a consequence, and in conjunction with a number of...

Written Answers — Departmental Staff: Departmental Staff (10 Nov 2010)

Brian Lenihan Jnr: The following table sets out the number of persons (six) in my Department who have availed of the incentivised career break arrangements and the net savings to the Exchequer. Grades Pay Savings Pay Savings Pay Savings 2010 2011 2012 HEO â'¬37,995 â'¬37,995 â'¬20,840 CO â'¬21,685 â'¬21,685 â'¬13,880 CO â'¬21,577 â'¬21,577 â'¬7,006 CO â'¬16,655 â'¬16,655...

Fiscal Policy (10 Nov 2010)

Brian Lenihan Jnr: Can I deal with that? Can I answer the questions? I of course met Mr. Regling when he wrote with Mr. Max Watson a report on the history and causation of the current economic difficulties in Ireland last summer. I supported his appointment as a member of the financial council and we are fortunate that someone who has considerable familiarity with this country is in that position. I have...

Fiscal Policy (10 Nov 2010)

Brian Lenihan Jnr: The old land bond lottery machine might still be in the basement but I am not aware of the presence of any European officials there.

Fiscal Policy (10 Nov 2010)

Brian Lenihan Jnr: Of course,-----

Fiscal Policy (10 Nov 2010)

Brian Lenihan Jnr: -----just to finalise my answer and to assist the Deputy, officials from-----