Results 1,361-1,380 of 27,019 for speaker:Michael Noonan

Ceisteanna - Questions: Cabinet Committee Meetings (1 Feb 2017)

Michael Noonan: It was in her press release.

Establishment of a Commission of Inquiry into the National Asset Management Agency: Statements (1 Feb 2017)

Michael Noonan: I am not resiling in any way from the commitments made last October. What I am saying is that, until the Committee of Public Accounts publishes its report and there is further information on the table, it is difficult to see how a commission of investigation could be established immediately and proceed satisfactorily. A commission of investigation has to be justified on the basis of public...

Establishment of a Commission of Inquiry into the National Asset Management Agency: Statements (1 Feb 2017)

Michael Noonan: I have not said that.

Establishment of a Commission of Inquiry into the National Asset Management Agency: Statements (1 Feb 2017)

Michael Noonan: I am simply saying we need to be cautious. There is €10 million allocated already and we need to be cautious and ensure we have it right before we go down that road. There is a commitment in principle, however, to go down that road.

Establishment of a Commission of Inquiry into the National Asset Management Agency: Statements (1 Feb 2017)

Michael Noonan: I welcome the opportunity to speak again on this matter. In September last year the Comptroller and Auditor General published a value for money report on the Project Eagle sales process. As we know, while some findings were accepted, there were clear differences of opinion on a number of findings in the report. Since its publication, the Committee of Public Accounts which is chaired by...

Written Answers — Department of Finance: European Fund for Strategic Investments (1 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 163 and 167 together. I take it that the Deputy is referring to the EU Commission - European Investment Bank -Member State Special Task Force to develop an Investment project pipeline for the EU in the Autumn of 2014. The purpose of that exercise was to compile a list of potential investment projects across Member States, in order to quantify...

Written Answers — Department of Finance: Pension Levy (1 Feb 2017)

Michael Noonan: The Pension Scheme Levy was introduced in 2011. For the years 2011, 2012 and 2013 the rate was 0.60% of the scheme assets. For the year 2014 the rate was 0.75% of the assets and for the year 2015, the final year of the levy, the rate was 0.15%. Under the legislation, the payment of the levy is treated as a necessary expense of a pension scheme and the trustees or insurer, as appropriate, are...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (1 Feb 2017)

Michael Noonan: As the Deputy will be aware, policy initiatives in the area of housing must seek to address the challenges faced by the various sectors of the market, including the private owner-occupier market, the rental market and the social housing sector. In line with its statutory mandate, the Ireland Strategic Investment Fund (ISIF) is examining opportunities to make, on a commercial basis,...

Written Answers — Department of Finance: Renewable Energy Generation (1 Feb 2017)

Michael Noonan: Matters related to renewable energy targets are a matter for my colleague the Minister for Communications, Climate Action and the Environment.

Written Answers — Department of Finance: Betting Regulations (1 Feb 2017)

Michael Noonan: The rate of 0.25 % the Deputy is referring to is a levy that on-course bookmaker's pay to Horse Racing Ireland (HRI) and is not a tax. This rate is set by the HRI and not a matter for the State. Revenue informs me that it does not require a betting licence holder to provide the turnover generated from each of their shops, therefore it is not possible to determine...

Written Answers — Department of Finance: Commissions of Investigation (1 Feb 2017)

Michael Noonan: There has been one Commission of Investigation for which my Department has been responsible. The Commission of Investigation into the Banking Sector was established on 21 September 2010 by the Commission of Investigation (Banking Sector) Order 2010 (S.I. 454 of 2010) pursuant to s. 3(1) of the Commissions of Investigation Act 2004. Mr Peter Nyberg was appointed as the sole Member of...

Written Answers — Department of Finance: Insurance Coverage (31 Jan 2017)

Michael Noonan: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation.  Neither I nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to...

Written Answers — Department of Finance: Pension Provisions (31 Jan 2017)

Michael Noonan: The State encourages individuals to put funds aside for their retirement by incentivising such savings through the tax system. Ongoing contributions to Revenue- approved pension schemes and personal pension plans are exempt from income tax (within limits) while the investment growth of such schemes and plans are also tax exempt. Retirement benefits are taxable at drawdown at normal...

Written Answers — Department of Finance: VAT Rate Application (31 Jan 2017)

Michael Noonan: I am advised by the Revenue Commissioners that this judgment was published on Thursday 19th January and that they are considering its implications. The CJEU ruling was given in answer to questions referred to it by the Tax Appeal Commissioners in relation to an appeal case; therefore the ruling must be interpreted and applied in the first instance by the Tax Appeal Commissioners to the case...

Written Answers — Department of Finance: Revenue Commissioners Staff (31 Jan 2017)

Michael Noonan: I propose to take Questions Nos. 126 and 127 together. I am advised by Revenue that it does not engage the services of a private security firm at its offices at the Millennium Centre, Dundalk.  I am further advised by Revenue that hard copy documents are accepted from the public at its Dundalk office. In line with Revenue's Statement of Strategy 2017-2019 and its Customer Engagement...

Written Answers — Department of Finance: Departmental Meetings (31 Jan 2017)

Michael Noonan: Ireland remains in regular communication with the Brazilian Federal Revenue Service  on the inclusion of Ireland on their tax blacklist. Contact is ongoing and as I previously advised a technical delegation will be travelling to Brazil to discuss the issue with Brazilian officials.  It should be noted that Brazil have not designated Ireland a tax haven.  The Brazilian Federal...

Written Answers — Department of Finance: Tax Exemptions (31 Jan 2017)

Michael Noonan: Section 114 of the Taxes Consolidation Act 1997 provides for a tax deduction in respect of travel expenses which an employee or office-holder is necessarily obliged to incur in the performance of the duties of the office or employment.  In this regard, return travel from home to work is not an allowable expense and home may not be considered a place of work and this is a long-standing...

Written Answers — Department of Finance: National Treasury Management Agency Data (31 Jan 2017)

Michael Noonan: The National Treasury Management Agency have supplied the following table showing the number of staff employed by the NTMA in the remuneration categories requested.   Agency* €100-€200k €200-€300k €300-€400k €400-€500k > €500k NTMA 106 11 6 1 0 NAMA 110 5 0 1 0 All NAMA and Strategic Banking Corporation...

Written Answers — Department of Finance: NAMA Staff Data (31 Jan 2017)

Michael Noonan: The information sought by the Deputy is set out in NAMA's Annual Report and Financial Statements for 2015 on page 103 (Note 10.1 - Staff costs).  I am advised by NAMA that an amount of €3.6m was paid, in respect of 50 members of staff who departed under the Voluntary Redundancy Scheme, in 2016. As set out in response to Dáil Question 116 of 14 January 2016, the...

Written Answers — Department of Finance: NAMA Property Sales (31 Jan 2017)

Michael Noonan: As the Deputy has used a pejorative and undefinable term for potential purchasers, and due to the fact that providing the identity of specific purchasers would be commercially sensitive, my reply is based on all sales irrespective of purchaser. I am advised that, in its capacity as a secured lender, NAMA has approved the sale of 14,246 residential properties by its debtors and...