Results 1,761-1,780 of 11,861 for speaker:Brian Hayes

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Brian Hayes: I can confirm for the Senator that there has been an increase in the yield but I cannot confirm the quantum. However, we will get that for him as soon as possible.

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Brian Hayes: Could I reply to Senator Mooney's earlier question?

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Brian Hayes: Senator Mooney asked me a very pertinent question on CGT and he will be delighted to hear we have found the information. The yield in 2002 was ¤415 million, which is about the same as it was in 2011 but it is up from ¤347 million in 2010. In the past two years, it has gone up from ¤347 million to approximately ¤415 million. The current yield only represents 13% of the CGT yield of...

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Brian Hayes: It was 20%.

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Brian Hayes: It was ¤3.1 billion in 2007. Last year, it was ¤415 million and we are expecting an increase of another ¤50 million, so we are expecting ¤460 million or ¤470 million which is slightly more than 10% of what it was in 2007.

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Brian Hayes: I thank the Senators for their observations on this section, which deals with REITs. It was made plain in the Budget Statement that this would be in the Finance Bill. This is replicated in approximately 35 other countries that have sustainable investment in rental property. It is something in which we see potential for sustaining the property market after what has been an extraordinary...

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Brian Hayes: I would have expected Sinn Féin to support the increase in all the capital taxes that we announced on budget day. It was not so long ago that capital taxes in these areas were 20%. As a result of this Bill, it will be an increase from 30% to 33%. It is worth pointing out that in 2009, CGT was 20%. We then increased it to 22% and it went from there to 25% and then to 30%. It is now 33%...

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Brian Hayes: My understanding is that it is a non-commercial semi-State body and the corporate tax regime does not apply. The exemption is in that area.

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Brian Hayes: I understand there was a substantial discussion with the Minister on the scheme of accelerated capital allowances for the construction and refurbishment of certain buildings and structures. The general disposition of the Senator in all of these matters is why at a time of difficulty and when there is very little money around we are making arguments in favour of expenditures in one area as...

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Brian Hayes: I doubt it.

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Brian Hayes: He is his own supporter.

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Brian Hayes: There is no programme for Government commitment in this regard. In fairness, the previous Government commenced the process of restricting the amounts of tax forgone in these areas. The Government does not propose to return to the mad cap spree of offering tax breaks for everyone. There are arguments for targeted relief if one believes there is potential for job creation. Ireland has been...

Seanad: Finance Bill 2013 [Certified Money Bill]: Committee and Remaining Stages (21 Mar 2013)

Brian Hayes: Yes. As I understand it, there is massive growth in this area. The reconditioning of aircraft is huge business. Growth is expected to be in the region of 35% in the next ten years. Given our success in the leasing area, we see the potential for developing this industry. As I understand it, the aim is to provide facilities for SMEs involved in the repair, overhaul and dismantling of...

Seanad: Finance Bill 2013 (Certified Money Bill): Second Stage (20 Mar 2013)

Brian Hayes: I was trying to leave time for everyone else.

Seanad: Finance Bill 2013 (Certified Money Bill): Second Stage (20 Mar 2013)

Brian Hayes: I thank the Leas-Chathaoirleach for giving me the opportunity to come to the Seanad once again to take Second Stage of the Finance Bill 2013. When he introduced the Bill to the Dáil, the Minister for Finance, Deputy Michael Noonan, noted that he was pleased to do so at a time when we could be more optimistic. That was just one month ago, but even since we have seen further signs of...

Written Answers — Department of Public Expenditure and Reform: Coastal Erosion (20 Mar 2013)

Brian Hayes: The investigation and addressing of problems of coastal erosion is a matter for Kerry County Council in the first instance. Following a review in 2011, the Office of Public Works published in early 2012 a revised funding application form together with detailed guidelines for coastal erosion projects under the Minor Flood Mitigation Works and Coastal Protection Scheme. The OPW notified Kerry...

Written Answers — Department of Public Expenditure and Reform: Coastal Erosion (20 Mar 2013)

Brian Hayes: The investigation and addressing of problems of coastal erosion is a matter for Kerry County Council in the first instance. Following a review in 2011, the Office of Public Works published in early 2012 a revised funding application form together with detailed guidelines for coastal erosion projects under the Minor Flood Mitigation Works and Coastal Protection Scheme. The OPW notified Kerry...

Written Answers — Department of Public Expenditure and Reform: Flood Relief Schemes (20 Mar 2013)

Brian Hayes: The "capacity restrictions" within the existing channel mentioned in my reply of 23 January 2013 to the Deputy refers to the water conveyance capacity of the River Suck channel up to Athleague from the River Shannon. It does not allude in any way to the Athleague Bridge having a capacity restriction. The backwater effect refers to the River Shannon water level that backs up towards...

Written Answers — Department of Public Expenditure and Reform: National Monuments (13 Mar 2013)

Brian Hayes: There are a total of almost 1,000 individual National Monuments in State care at approximately 768 locations around the country. These are managed and maintained by the Office of Public Works (OPW) and include both sites which are in full State ownership and others which are privately-owned but where Guardianship arrangements exist and where the OPW provides maintenance services. A small...

Written Answers — Department of Public Expenditure and Reform: National Monuments (13 Mar 2013)

Brian Hayes: There are a total of almost 1,000 individual National Monuments in State care at approximately 768 locations around the country. These are managed and maintained by the Office of Public Works (OPW) and include both sites which are in full State ownership and others which are privately-owned but where Guardianship arrangements exist and where the OPW provides maintenance services. A small...