Results 1,781-1,800 of 13,375 for speaker:Pat Rabbitte

Financial Resolutions 2014: No. 3: Income Tax; No. 4: Income Tax (15 Oct 2013)

Pat Rabbitte: Regarding Financial Resolution No. 3 on the plant and machinery, there is very limited activity. It does not pass the test in terms of jobs created or contribution to-----

Financial Resolutions 2014: No. 3: Income Tax; No. 4: Income Tax (15 Oct 2013)

Pat Rabbitte: I do not know. We are addressing only passive investors, not the kind of investor who wants to go into an SME, for example-----

Financial Resolutions 2014: No. 3: Income Tax; No. 4: Income Tax (15 Oct 2013)

Pat Rabbitte: I refer to the investor rather than the investment. Active traders will be unaffected by this measure. This scheme of capital allowances is intended to provide relief for individuals who purchase plant and machinery for use in their business. Passive investors who are not actively involved in the business are claiming this relief for purchasing plant and machinery and subsequently leasing...

Financial Resolutions 2014: No. 3: Income Tax; No. 4: Income Tax (15 Oct 2013)

Pat Rabbitte: That is correct.

Financial Resolutions 2014: No. 3: Income Tax; No. 4: Income Tax (15 Oct 2013)

Pat Rabbitte: The information we have is that the relief was claimed by only 14 individuals and that this roughly realised a relief used up of just over €1 million. That suggests an average relief per investor of just under the limit of restricted higher earners, €78,000. This is an anti-avoidance measure. It is not designed to bring in a great deal of additional tax to the Exchequer.

Financial Resolutions 2014: No. 3: Income Tax; No. 4: Income Tax (15 Oct 2013)

Pat Rabbitte: Deputy Naughten refers not to the scheme, which is in operation, but the extension of the scheme generally. The European Commission has assured the Department that approval will be received by year end. Up to now, before the application being submitted, as is normal in these cases, the case was being advocated and promoted in Brussels in ongoing discussions with the Commission. The latest...

Financial Resolutions 2014: No. 3: Income Tax; No. 4: Income Tax (15 Oct 2013)

Pat Rabbitte: I should have said that those 14 were for a given year, 2011. I do not mean 14 in total.

Financial Resolutions 2014: No. 3: Income Tax; No. 4: Income Tax (15 Oct 2013)

Pat Rabbitte: No, as a result of the abuse being obliterated the investor will not have this facility in the future. It will be subject to the restriction.

Financial Resolutions 2014: No. 3: Income Tax; No. 4: Income Tax (15 Oct 2013)

Pat Rabbitte: We are confusing the two financial resolutions. The value of this resolution is that it removes the ceiling so that an investor could invest up to €150,000 in the enterprise. This is the positive side of it. The previous resolution is an anti-avoidance measure. This is for a temporary period of three years in the hope that it will act as a spur to innovation, enterprise growth or...

Financial Resolutions 2014: No. 3: Income Tax; No. 4: Income Tax (15 Oct 2013)

Pat Rabbitte: I move the following Financial Resolutions: (1) THAT the Taxes Consolidation Act 1997 (No. 39 of 1997) be amended- (a) in Schedule 25B by inserting the following after the matter set out opposite reference number 15B: “ 15C. Section 284 (wear and tear allowances) subject to section 485C(1B). An amount equal to the amount of wear and tear allowances (within the meaning of section...

Financial Resolutions 2014: No. 3: Income Tax; No. 4: Income Tax (15 Oct 2013)

Pat Rabbitte: There is an interesting philosophical debate to be had about Deputy Mathews’s proposition that stamping out tax avoidance need not always be a good development. I can see certain circumstances in which this might be the case. However, in return for facilitating people in sheltering income, there has to be some kind of cost-benefit analysis: is additional economic activity generated,...

Financial Resolutions 2014: No. 3: Income Tax; No. 4: Income Tax (15 Oct 2013)

Pat Rabbitte: The evidence presented to us by the Revenue Commissioners does not suggest that this is the case. Financial Resolution No. 4 amends item 47A of Schedule 25B to the Taxes Consolidation Act 1997 to provide for the temporary removal of the employment and investment incentive from the high earner restriction. It is a positive measure. The restriction ensures a minimum tax rate is paid by...

Written Answers — Department of Communications, Energy and Natural Resources: Statute Boundaries Issues (15 Oct 2013)

Pat Rabbitte: I have no function in respect of the matter set out in the Question. In accordance with section 4(2) of the Ordnance Survey Ireland Act 2001 the function of OSi regarding statute Boundaries is 'to provide the necessary technical support to the Chief Boundary Surveyor in the performance of his or her duties in delimiting statutory boundaries and the delineation of such boundaries on maps'.

Written Answers — Department of Communications, Energy and Natural Resources: Broadcasting Service Provision (15 Oct 2013)

Pat Rabbitte: DAB, or Digital Audio Broadcasting, uses digital technology for broadcasting radio signals. The main advantage of digital over analogue technology is that it can be used to accommodate more radio services into less spectrum or frequencies. Regarding signal coverage, my understanding is that a DAB transmitter is expected to provide slightly less coverage than an FM transmitter. This means...

Written Answers — Department of Communications, Energy and Natural Resources: Energy Resources (15 Oct 2013)

Pat Rabbitte: I propose to take Questions Nos. 192 to 194, inclusive, and 196 together. Exploiting deep geothermal energy for electricity production faces a number of challenges in Ireland, including the depths to which drilling would have to be conducted as well as finding a use for the waste heat. Supporting electricity from deep geothermal is likely to be very expensive and it is not one of the...

Written Answers — Department of Communications, Energy and Natural Resources: Electricity Grid (15 Oct 2013)

Pat Rabbitte: This is an operational matter for EirGrid and not one in which I, as Minister, have a role or function.

Written Answers — Department of Communications, Energy and Natural Resources: Broadband Services Provision (15 Oct 2013)

Pat Rabbitte: The Government’s National Broadband Plan, which I published in August 2012, aims to radically change the broadband landscape in Ireland by ensuring that high speed broadband is available to all citizens and businesses. This will be achieved by providing - a policy and regulatory framework that assists in accelerating and incentivising commercial investment, and - a State-led...

Written Answers — Department of Communications, Energy and Natural Resources: Broadband Services Speeds (15 Oct 2013)

Pat Rabbitte: I propose to take Question Nos 198 and 200 together. Ireland's telecommunications market has been fully liberalised since 1999 in accordance with the requirements of binding EU Directives. The market has since developed into a well-regulated market, supporting a multiplicity of commercial operators, providing services over a diverse range of technology platforms. Details of broadband...

Written Answers — Department of Communications, Energy and Natural Resources: Energy Conservation (15 Oct 2013)

Pat Rabbitte: There are two energy efficiency schemes available to elderly people - the Better Energy Warmer Homes and the Better Energy Homes schemes, both of which are administered by the Sustainable Energy Authority of Ireland (SEAI). The Better Energy Warmer Homes scheme is a pivotal element of the Affordable Energy Strategy. The energy efficiency measures it delivers are targeted at low-income...

Written Answers — Department of Communications, Energy and Natural Resources: Córas Náisiúnta Postchóid (15 Oct 2013)

Pat Rabbitte: D'fhógair mé ar an 8 Deireadh Fómhair, gur cheadaigh an Rialtas, ag brath ar chonradh, go mbunófaí córas náisiúnta postchóid sa bhliain 2015. Ceapfaidh gníomhaireacht postchóid an postchód agus reáchtálfaidh siad é faoi cheadúnas ar feadh deich mbliana ar dtús agus de réir rogha an Aire Cumarsáide...