Results 1,341-1,360 of 27,019 for speaker:Michael Noonan

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: Minister for Finance and Office of the Revenue Commissioners (2 Feb 2017)

Michael Noonan: If one looks at the precedents, Starbucks was €30 million or €40 million and Fiat involved a small amount of money. There are a couple more. They all had findings against them but small amounts of recovery money.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: Minister for Finance and Office of the Revenue Commissioners (2 Feb 2017)

Michael Noonan: There were millions of euro but relative to what,-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: Minister for Finance and Office of the Revenue Commissioners (2 Feb 2017)

Michael Noonan: There you go.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: Minister for Finance and Office of the Revenue Commissioners (2 Feb 2017)

Michael Noonan: Where the political side comes into it is that it is the Parliament, the Dáil and the Seanad, on the proposal of the Government of the day, that formulates tax law.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: Minister for Finance and Office of the Revenue Commissioners (2 Feb 2017)

Michael Noonan: The Revenue would say it acted all the time in accordance with tax law. The fact that we do not tax the profits of non-resident companies for their profits outside of Ireland is a matter of law. Always in our dealings with the Commission, the law on tax that applied was domestic law because tax is within the competence of the sovereign, not within Europe.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: Minister for Finance and Office of the Revenue Commissioners (2 Feb 2017)

Michael Noonan: I would not have that detail. It would be a matter for Revenue. A lot of this is not shared because it is confidential. The key point, from my point of view, is the fact that Apple had a particular structure for their company - it was not illegal - is not the concern of the Irish Revenue authorities. The concern of the Irish Revenue authorities was to collect all the tax that was due in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: Minister for Finance and Office of the Revenue Commissioners (2 Feb 2017)

Michael Noonan: These matters will be tested in the appeal court, but I think they had a misunderstanding about the tax position of non-resident companies. It would be different in some European jurisdictions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: Minister for Finance and Office of the Revenue Commissioners (2 Feb 2017)

Michael Noonan: Nothing has been brought to my attention but I am aware there are exchanges of information between the Revenue authorities and the Commission ongoing outside of the 19 that we talked about.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: Minister for Finance and Office of the Revenue Commissioners (2 Feb 2017)

Michael Noonan: I thank the Vice Chairman and the members of the committee. I apologise for being somewhat constrained by my legal advice. As time goes by, we will be able to say more.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU State Aid Rules - Investigation into Preferential Tax Rulings: Minister for Finance and Office of the Revenue Commissioners (2 Feb 2017)

Michael Noonan: I will engage with the committee again or we will communicate information by PQ answers or whatever. It is my intention to give the committee the fullest information I can.

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (2 Feb 2017)

Michael Noonan: Regulation 6(4) of the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994 (S.I. 353 of 1994) provides that an individual who is dissatisfied with the decision of the Senior Medical Officer in relation to primary medical certification may appeal to the Disabled Drivers Medical Board of Appeal (DDMBA). The DDMBA is a body under the aegis of my...

Written Answers — Department of Finance: European Financial Forum (2 Feb 2017)

Michael Noonan: The second annual European Financial Forum (EFF) was held in Dublin Castle on 24th January 2017 and was a key IFS2020 deliverable under the 2016 Action Plan. The event was hosted by my colleague Minister of State for Financial Services, Eoghan Murphy TD, who has responsibility for the IFS2020 strategy. The IDA and EI had lead responsibility for organising this...

Written Answers — Department of Finance: National Payments Plan Implementation (2 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 86 to 89, inclusive, together. The National Payments Plan, intended to modernise Ireland's payment system, was published in 2013 and covered the period up to 2015. It set out a vision for payments, including universal acceptance of electronic forms of payment, robust and reliable payment systems, and migration from cash and cheques to cards and electronic...

Written Answers — Department of Finance: Mortgage Data (2 Feb 2017)

Michael Noonan: I have been informed by the Central Bank of Ireland that it does not publish a regular series of data on mortgages in negative equity.  The Deputy will be aware that the Central Bank's Household Credit Market Report contains data on negative equity.  The latest report is available athttp://www.centralbank.ie/publications/Documents/Household...

Written Answers — Department of Finance: Mortgage Arrears Rate (2 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 91 and 92 together. In respect of the proportion of borrowers in mortgage arrears over 720 days that have not engaged with their lenders and the proportion of borrowers in mortgage arrears over 720 days that have not completed the mortgage arrears process, the Central Bank only publishes information on the total number of mortgage accounts which are...

Written Answers — Department of Finance: Banking Sector (2 Feb 2017)

Michael Noonan: As the deputy is aware non-performing loans (NPL's) remain at an elevated level across the European banking system and addressing this issue is one of the key priorities for the Single Supervisory Mechanism (SSM). In Ireland significant progress has been made across the banking sector in reducing the level of NPLs since the financial crisis. This has been primarily achieved by customers...

Written Answers — Department of Finance: European Banking Authority (2 Feb 2017)

Michael Noonan: Since the Government's public declaration of interest, my officials have been engaging with relevant stakeholders in order to further progress the goal of relocating the European Banking Authority to Ireland post the completion of the negotiations between the EU and the United Kingdom. These meetings have included a meeting with the European Banking Authority and...

Written Answers — Department of Finance: Mortgage Data (2 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 95 to 98, inclusive, together. As the Deputy is aware, the Central Bank of Ireland announced in October 2015 that it would conduct a detailed review of Tracker Mortgage portfolios with all the banks under its supervision. The Central Bank sought to conduct a broad examination of tracker mortgage-related issues covering, among other things, transparency...

Written Answers — Department of Finance: Departmental Communications (2 Feb 2017)

Michael Noonan: In response to the Deputy, I wish to advise that I do not use any private unsecured email accounts for official business. ICT services to the Department of Finance are provided by the Office of the Government Chief Information Officer (OGCIO) under the Department of Public Expenditure and Reform.  The Department has an Information and Communications Technology Acceptable Usage...

Written Answers — Department of Finance: Commencement of Legislation (2 Feb 2017)

Michael Noonan: It has not been possible to collate the information requested in the time available. However the requested information is being collated and will be forwarded to you, as soon as it is available.