Results 1,241-1,260 of 6,295 for speaker:Michael D'Arcy

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: The point-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: I will make one overarching point before I address those bits and pieces. This is one of a suite of options; it is not the only option. Deputy Boyd Barrett questioned the usefulness of it. It is useful and beneficial but it is not the defining piece that fixes it all. The fixing of the housing and construction sector in Ireland is multifaceted and there are many different options. My...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: Prices went down.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: Prices after-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: Prices went down after 2008.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: Yes, prices went down then.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: It sure did.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: I move amendment No. 5:In page 7, between lines 25 and 26, to insert the following:“(3) In complying with its obligation under subsection (2)(b)(i), HBFI shall have regard to the policy of the Government relating to housing.”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: At this stage I would like to flag that the Minister for Finance intends to introduce two amendments to streamline the administrative requirements of HBFI with respect to capital gains clearance certificates and stamp duty. Those amendments are technical in nature and will not reduce the tax burden of HBFI in any way.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: I move amendment No 7:In page 14, after line 36, to insert the following: “Amendment of Freedom of Information Act 2014 20. The Freedom of Information Act 2014 is amended—(a) in section 2(1), by the insertion of the following definition: “ ‘HBFI group entity’ has the same meaning as it has in the Home Building Finance Ireland Act 2018;”, and (b)...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: This is a mirror image of the SBCI and NAMA. If someone applied and made all his or her financial details available to HBFI for a loan, that information would not be made available under FOI, so this is the same as NAMA. Commercial sensitivity is involved, which is the reason we are mirroring exactly what the SBCI and NAMA have.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: They do, but this is no more or less-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: Yes, but so does this. The same rules that apply to the SBCI and NAMA will apply to this.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: These sections were dealt with.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: Yes. We will get to the end of the Bill.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: I move amendment No. 8:In page 19, after line 4, to insert the following: “PART 7 LOCAL PROPERTY TAXDefinition (Part 7) 26.In this Part, “Act of 2012” means the Finance (Local Property Tax) Act 2012.”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: I move amendment No. 9:In page 19, after line 4, to insert the following:“Amendment of section 24 of Act of 2012 27.Section 24 of the Act of 2012 is amended in subsection (3) by the substitution of “notification, direction, statement, declaration, claim” for “notification”.”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: I move amendment No. 10:In page 19, after line 4, to insert the following:“Amendment of section 64 of Act of 2012 28.Section 64 of the Act of 2012 is amended—(a) by the insertion of the following definition:“ ‘Income Tax Regulations’ means the Income Tax (Employments) Regulations 2018 (S.I. No. 345 of 2018);”,(b) in the definition of “net...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: I move amendment No. 11:In page 19, after line 4, to insert the following:“Deletion of section 73 of Act of 2012 29.The Act of 2012 is amended by the deletion of section 73.”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

Michael D'Arcy: I move amendment No. 12:In page 19, after line 4, to insert the following:“Payment of local property tax deducted by employer 30.The Act of 2012 is amended by the substitution of the following section for section 74:“74.(1) Subject to section 72(1), an employer shall be accountable for the amount of local property tax deductible, and shall be liable to remit that amount to the...