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Financial Resolutions 2016 - Financial Resolution No. 5: General (Resumed) (14 Oct 2015)

Tom Hayes: In the past eight years the agrifood sector has been a beacon of light on the dark landscape of recession and crisis. We are now standing on the crest of enormous new possibilities with the ending of milk quotas. We can see the bright future this promises in economic growth, the social development of rural areas and jobs for the people. The beef sector is expanding, with markets opening up...

Seanad: Commencement Matters: Office of Public Works Properties (30 Sep 2015)

Tom Hayes: I thank Senator Conway for raising this important issue. The Government is committed to reforming property asset management in the public sector to ensure value to the taxpayer. The Commissioners of Public Works manage a large and diverse portfolio of property assets, including historic properties, on behalf of the State. The stated policy for surplus properties is to identify if other...

Seanad: Commencement Matters: Office of Public Works Properties (30 Sep 2015)

Tom Hayes: Senator Conway's demands are somewhat stronger than I would have anticipated. It is on the public market. In terms of it being for the benefit of the community, it will be sold by public auction. That is the proper way to do it to get value for it. If the community is interested in it and can come up with a proposal and a bid, I would say it will be given serious consideration.

Seanad: Commencement Matters: Credit Unions Regulation (30 Sep 2015)

Tom Hayes: I thank Senator Bradford for raising this important matter. We are all aware of what credit unions have done for people throughout the country. The Credit Union and Co-operation with Overseas Regulators Act 2012 was signed into law by the President of Ireland on 19 December 2012. Following on from that, an implementation plan put was put in place which was agreed by all stakeholders. It...

Seanad: Commencement Matters: Credit Unions Regulation (30 Sep 2015)

Tom Hayes: I will request that.

Seanad: Commencement Matters: Credit Unions Regulation (30 Sep 2015)

Tom Hayes: I will relate what the Senator has said to the Minister later today or tomorrow and I will request that. I think it is right that the Minister meet them.

Seanad: Commencement Matters: Property Tax Administration (30 Sep 2015)

Tom Hayes: Yes.

Seanad: Commencement Matters: Property Tax Administration (30 Sep 2015)

Tom Hayes: The text of the Commencement matter mentioned the Minister for Finance.

Seanad: Commencement Matters: Property Tax Administration (30 Sep 2015)

Tom Hayes: The Minister for Finance is here at the top of this.

Seanad: Commencement Matters: Property Tax Administration (30 Sep 2015)

Tom Hayes: The Senator put that in her Commencement matter.

Seanad: Commencement Matters: Property Tax Administration (30 Sep 2015)

Tom Hayes: "Minister for Finance" is written here.

Seanad: Commencement Matters: Property Tax Administration (30 Sep 2015)

Tom Hayes: No.

Seanad: Commencement Matters: Property Tax Administration (30 Sep 2015)

Tom Hayes: The confusion arose because I was not sure whether this was an issue for the Department of Finance or the Department of the Environment, Community and Local Government.

Seanad: Commencement Matters: Property Tax Administration (30 Sep 2015)

Tom Hayes: That is what I was going to say.

Seanad: Commencement Matters: Property Tax Administration (30 Sep 2015)

Tom Hayes: The introduction of the local property tax is part of a broader approach to the taxation of property which aims to replace some of the revenues from transaction-based taxes, which have proved to be an unstable source of Government revenue, with an annual recurring property tax, which international experience has shown to be a stable source of funding.The Government decided that the local...

Seanad: Commencement Matters: Property Tax Administration (30 Sep 2015)

Tom Hayes: What about people living alone who do not have a management company?

Seanad: Commencement Matters: Property Tax Administration (30 Sep 2015)

Tom Hayes: One cannot have people in rural areas having to pay for services, while people in urban areas receive a Government subsidy because they pay a fee to a management company. That would be unfair and unjust, as the Senator will understand given that she comes from a rural area.

Seanad: Commencement Matters: Property Tax Administration (30 Sep 2015)

Tom Hayes: That is the point.

Seanad: Commencement Matters: Property Tax Administration (30 Sep 2015)

Tom Hayes: It is the point the Senator made when she stated that people living in housing estates who pay management fees to property companies should be exempt from paying the local property tax, while people in rural areas should pay the tax.

Seanad: Commencement Matters: Property Tax Administration (30 Sep 2015)

Tom Hayes: I will relay the points the Senator raises to the Minister for the Environment, Community and Local Government. However, my point regarding the treatment of people living in rural areas as opposed to people living in towns stands. Fairness is the issue.

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