Results 12,381-12,400 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Consultancy Contracts Expenditure (5 Mar 2014)

Michael Noonan: I am advised by the Revenue Commissioners that the amounts of expenditure on external specialist advice in 2011, 2012, 2013 and year to date 2014 are set out in the table below. In accordance with "Guidelines on the Engagement of Consultants and other External Support" issued by the Department of Finance, external specialists are procured only where it is necessary and value for money is...

Written Answers — Department of Finance: Consultancy Contracts Expenditure (5 Mar 2014)

Michael Noonan: The following table sets out information regarding professional services paid for by the Department of Finance, including services which involved specialist advice:   External Specialist Advice   2011  2012  2013  2014 Aram Consultants  €121,000       Charles River Associates  €60,500       Mazars...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (5 Mar 2014)

Michael Noonan: It is important to highlight that the contractual terms and conditions of all customer mortgages and other borrowings of Irish Bank Resolution Corporation have not changed as a result of the appointment of the Special Liquidators nor will those terms and conditions change as a result of the ultimate sale of these obligations to a third party. Purchasers of mortgage loans will be obliged to...

Written Answers — Department of Finance: Money Laundering (5 Mar 2014)

Michael Noonan: The anti-money laundering (AML) requirements under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, as amended, are important in preventing use of the Irish financial system for money laundering or terrorist financing and reflect the requirements of EU Directive 2005/60/EC. That said, it is not the desire that the AML obligations which are applied in respect of...

Written Answers — Department of Finance: Tax Code (5 Mar 2014)

Michael Noonan: I am advised by the Revenue Commissioners that applications for refund of DIRT have been received from the taxpayers in question. Wicklow Revenue District has been in contact with the individuals concerned and the relevant deposit interest certificates have been requested from them. When the relevant deposit interest certificates are received, Wicklow Revenue District will examine the...

Seanad: Economic Growth and Job Creation: Statements (4 Mar 2014)

Michael Noonan: Senator Kathryn Reilly gave a very interesting speech from the perspective of a young person. I very much welcome her contribution. I thank Senator Fidelma Healy Eames for her suggestions. Of course there are too many charges, but where do I get the money to address that? It is a case of getting the economy growing and then looking at pulling back some of those charges. We have gone...

Seanad: Economic Growth and Job Creation: Statements (4 Mar 2014)

Michael Noonan: I thank the Senators for an interesting debate. It is always good to come to the Seanad. It is very nice to hear people speak sincerely and address the problems without grandstanding. I have found that people speak from the heart more often in the Seanad than in the Dáil. It is impossible sitting here to distinguish the political label that attaches to party members because Senators...

Seanad: Economic Growth and Job Creation: Statements (4 Mar 2014)

Michael Noonan: I do not think that I shall have time to go through individual remarks but I shall try to prioritise them. The people who have suffered the most over the past number of years are the people who lost their jobs and I think everyone will agree with that. The people who suffered after that were the families who lost their sons and daughters to emigration so the emigrants and their families...

Seanad: Economic Growth and Job Creation: Statements (4 Mar 2014)

Michael Noonan: I am after rushing across, so I am breathless.

Seanad: Economic Growth and Job Creation: Statements (4 Mar 2014)

Michael Noonan: I welcome this opportunity to speak on economic growth and job creation. When the Government took office in 2011, it had a clear strategy to restore stability to a country that was on its knees and get people back to work. Those who have lost their jobs have been hit hardest by the crisis. Over the course of the crisis, some 330,000 jobs were lost and unemployment reached a peak of 15.1%...

Leaders' Questions (4 Mar 2014)

Michael Noonan: I never said that.

Written Answers — Department of Finance: Tribunals of Inquiry Recommendations (4 Mar 2014)

Michael Noonan: In response to the Deputy's question the Moriarty Tribunal pointed out problems to be addressed in our system of financial regulation.  Poor supervision, an overly-deferential attitude by regulators, poor assessment of risks and a lack of follow-through on enforcement, all played a part in the financial crisis.  This Government has undertaken a number of significant reforms...

Written Answers — Department of Finance: Tax Code (4 Mar 2014)

Michael Noonan: I have been advised by the Revenue Commissioners that a tax credit certificate issued to the person concerned on the 8th January 2014.  This certificate was based on the information available to Revenue at that time.   Taking into account the additional information received on the income and circumstances of the person concerned and his spouse, the Revenue Commissioners can...

Written Answers — Department of Finance: Universal Social Charge Exemptions (4 Mar 2014)

Michael Noonan: I am advised by the Revenue Commissioners that a medical card does not in itself exempt a taxpayer from USC although it may reduce the applicable rate.  The taxpayer is exempt from USC only if her gross income for the tax year 2014 is less than €10,036. Income for this purpose does not include payments from Dept. of Social Protection, and it appears from the information supplied...

Written Answers — Department of Finance: Universal Social Charge Application (4 Mar 2014)

Michael Noonan: The Universal Social Charge (USC) was introduced in Budget 2011 to replace the Income Levy and the Health Levy. It was a necessary measure to widen the tax base, remove poverty traps and raise revenue to reduce the budget deficit. It is a more sustainable charge than those it replaced.  It is applied at a low rate on a wide base.  The revenues collected play a vital part in...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (4 Mar 2014)

Michael Noonan: I am aware of the concerns of some borrowers about sale of the mortgage books to funds that are not covered by the Code of Conduct on Mortgage Arrears, or CCMA.  I have instructed my Department to examine the issue, in consultation with the Central Bank, with a view to bringing forward a solution, if required. Given this is a complex legal issue, it requires careful consideration so as...

Written Answers — Department of Finance: Property Taxation Collection (4 Mar 2014)

Michael Noonan: I am advised by Revenue that it does not charge any additional costs where a liable person opts to pay Local Property Tax (LPT) through phased payment arrangements (instalments). Phased payments by deduction at source from salary, occupational pension or certain Government payments are entirely free of charge.  However, certain LPT payment options including, credit card, direct debit...

Written Answers — Department of Finance: Property Taxation Collection (4 Mar 2014)

Michael Noonan: I am informed by the Revenue Commissioners that compliance data in relation to the Local Property Tax (LPT) is available broken down by city and county councils nationally. The most up to date figures for 2013 and 2014, which were published on 18 February 2014, are available on the Commissioners website at: .   While the 2014 forecasted yield for LPT nationally is €550...

Written Answers — Department of Finance: Property Taxation Application (4 Mar 2014)

Michael Noonan: As I have indicated on many previous occasions, the Government has in principle accepted the recommendation of the Thornhill Group (that the Local Property Tax paid in respect of a rented property should be deductible for income tax or corporation tax purposes, in a similar manner to commercial rates)  but has not considered the manner or the timing in which this will happen. Any such...

Written Answers — Department of Finance: IBRC Loans (4 Mar 2014)

Michael Noonan: There is an obligation on the Special Liquidators to ensure that maximum value is extracted from the loan sales process for the benefit of all the creditors of IBRC including the State. The Special Liquidators appointed PwC as independent advisors to value the residential mortgage portfolio. PwC were also appointed to provide independent advice in developing a robust and credible sales...