Results 16,181-16,200 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Census of Population Statistics (9 May 2013)

Michael Noonan: I am advised by the Revenue Commissioners that they are precluded from using data obtained by the Central Statistics Office (CSO) in the Census of Population 2011 to identify individual residential properties and owners for inclusion in the Register of residential properties in the State, because the confidentiality of all information collected by the CSO from individuals, households or...

Written Answers — Department of Finance: Ministerial Expenditure (9 May 2013)

Michael Noonan: In response to the Deputy’s question the following table outlines details in respect of the amount paid in travel and subsistence payments made by my Department to the Junior Ministers in the Department for the period 2007 to date in 2013. Travel and Subsistence payments made to Ministers of State Period Name Domestic T&S Foreign T&S Total Amount 01/01/2007-...

Written Answers — Department of Finance: Duty Free Sales (9 May 2013)

Michael Noonan: I am advised by the Revenue Commissioners that all goods sold and supplied in duty free areas in Airports to passengers travelling to destinations outside the EU are zero rated for VAT purposes in accordance with paragraph 3 of Schedule 2 of the Value-Added Tax Consolidation Act 2010 and are exempt from excise duty in accordance with section 77 of the Finance Act 2005. There are...

Written Answers — Department of Finance: Mortgage Resolution Processes (9 May 2013)

Michael Noonan: The Central Bank of Ireland (CBI) has responsibility for the regulation and supervision of financial institutions in terms of consumer protection and prudential requirements and for ensuring ongoing compliance with applicable statutory obligations. However, the Central Bank hasno statutory role in the setting of interest rates by regulated entities, apart from the interest rate cap imposed on...

Written Answers — Department of Finance: Mortgage Resolution Processes (9 May 2013)

Michael Noonan: The Deputy will be familiar with the Central Bank’s announcement of the new measures being introduced to address mortgage arrears, which includes the publication of performance targets for proposing and concluding sustainable solutions for borrowers in arrears over 90 days for the main mortgage banks. The Central Bank has advised that while it is not mandating any particular model...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Michael Noonan: We have no specific plans at this time. However, much of the Deputy's analysis is correct in that the root cause of the Irish crisis was a banking crisis. Whatever add-ons one assigns to it, that was the root cause. As such, the troika will not sign off on Ireland's exit from the bailout programme without a re-evaluation of the banks which shows they are adequately capitalised. That is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Michael Noonan: Our intention is to exit the programme in the sense of being fully funded in the market. However, the stress testing of the banks is the condition we must fulfil to achieve that. Our policy is to ensure our banking system is normalised such that we are in line with the other European banks in advance of banking union. I do not want the banks in Ireland to be treated once again as an...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Michael Noonan: We do not insist, we negotiate.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Michael Noonan: The Commission has undertaken a cost benefit analysis of the proposed financial transaction tax, which was published.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Michael Noonan: I will clarify that for the Deputy. I recall seeing such a document but rather than being a full evaluation, the focus seemed to be on the effect the tax might have on competitiveness. I understand a full cost benefit analysis was not done, but some work was carried out.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Michael Noonan: Contributions from the banks will fund it; it is not a taxpayer funded scheme.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Michael Noonan: There will be a dedicated fund, provided by the financial institutions not the taxpayers.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Michael Noonan: There is general acceptance across Europe that a mistake was made in respect of Ireland. That has been openly and publicly stated, including by the German Finance Minister, Mr. Wolfgang Schäuble, three weeks ago.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Michael Noonan: The EU would undoubtedly argue that it has already done a lot for us. Such issues as the promissory note, the extension of maturities and the granting of loans without taking a margin would be mentioned. We would be reminded that we are now being charged an interest rate of 3%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Michael Noonan: I am giving members a perspective on what we are dealing with.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Michael Noonan: My embarrassment threshold is extraordinarily low. I ask for more all the time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Michael Noonan: Only the principle has been announced in that regard. There is no detail as yet.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Michael Noonan: Not particularly, because we have done most of the work already.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Michael Noonan: That is an offer for the committee.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Michael Noonan: There will be an extension of maturities and additional surveillance. However, there are so many other things. Deputy Donnelly referred to the two pack, six pack and various oversights. There is a lot of oversight coming from Europe now in any case. It has been overtaken by events. I do not think it will add any burden to us in addition to all the other fiscal rules that have applied to...