Results 81-100 of 406 for speaker:Charlie McCreevy

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: That is not the intention.

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: It will not be like that. I can send the Senator detailed notes on the matter.

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: This recommendation proposes to insert a new section into the Bill. The purpose of the new section is to require the Revenue Commissioners to make an annual report to the Houses of the Oireachtas giving in respect of each tax relief — apart from tax reliefs deducted by persons calculating their incomes for tax purposes — details of the numbers availing of the relief, the range of the...

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: We publish them after the Finance Bill.

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: The Senator is certainly one of the few people who read them. I have often quoted the Senator to his colleagues when he often stated that he loved reading the tax strategy group documents because then he knew what the Minister was not going to do.

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: I do not intend that there would be. Anyone who wants the tax strategy group's papers may have them. They are more comprehensive post the publication of the Finance Bill. There may be matters referred to in the lead up to the budget which do not take effect until after the Finance Bill and they then become part of the deliberative process. The only reason for their publication after the...

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: Well known seaside resorts such as Clonakilty, Westport and Achill.

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: It ended up with 15 although it started off with six. The additional nine were introduced on Report Stage, I believe. I know there were an additional seven or eight.

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: The question of compiling or collating statistical information regarding the cost of these reliefs has been on my mind for some time. Section 86 of the Bill makes changes in this regard to allow the compilation of extra statistics on the person's income tax return. This has a history attached to it and much of it is to do with the efficiency, new methodology and changes in practice adopted by...

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: The Senator was proved right. To encourage park and ride facilities I improved the scheme the following year to make it more attractive. Up to today, one person has expressed an interest in this area, but we do not know whether that person is going ahead with it. That is one scheme that has not been a success. While Senator McDowell was sceptical about it, most people would have thought that...

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: I will abolish them.

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: When a taxation or expenditure scheme has run its course, one must be prepared to do away with it, although that is not always easy to do. For example, we all remember the hullabaloo when I finally abolished the house renewal grant, although it should have been done away with at least ten years earlier.

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: Senator Browne should know that this area was a specialist subject of Senator McDowell's when he was in the other House. The recommendation seeks to amend section 472 of the Taxes Consolidation Act 1997 to extend the employee or PAYE tax credit to home carers, with the credit to be given to the working spouse. Under section 466A of the Taxes Consolidation Act 1997, the home carer's tax credit...

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: As explained in the programme for Government, it was and still is the intention of the Government to exempt the minimum wage over a term in office, as was also acknowledged in the Sustaining Progress document.

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: I referred to this matter when dealing with amendments in the other House and referred to the Government's clear policy in regard to exempting those on the minimum wage from taxation. An Agreed Programme for Government set out the achievement of this objective as a priority over the next five years but this is subject to the overarching requirement for sound economic and fiscal policies and...

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: This amendment proposes a scheme of annual tax credits for elite amateur sports persons who are resident in the State. The tax credit of €2,000 would be used against the person's non-sport income since, being amateurs, they do not have income arising directly from the sport itself. This proposal for a tax credit for elite amateur sports persons has been promoted by the Gaelic Players...

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: Senator Mansergh must have taken my speaking notes. However, I will outline why I cannot accept Senator Browne's recommendation. The purpose of this recommendation is the indexation of certain tax credits. Such a move could be costly for the Exchequer depending on the indexation factors in the given year. For example, taking the September figure of 2.9%, representing the fairly modest rate of...

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: The end of February figures as regards capital gains tax are higher than their profile. Senator McDowell will be aware that in 2003 I introduced and published profiled expenditure targets from the various Departments regarding votive expenditure. I also decided to publish estimates from the Revenue Commissioners of profiled taxation receipts for the year. I will explain my main reason for...

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: I can understand that. The Senator will recall the hullabaloo that followed that election, when some eminent commentators went off half-cocked in respect of the expenditure out-turn for 2002. I have spent a great deal of time in the Department of Finance and I have discussed other Departments with my colleagues. It is obvious to me that few people understand all the intricate aspects of the...

Seanad: Finance Bill 2004 [[i]Certified Money Bill[/i]]: Committee and Remaining Stages. (24 Mar 2004)

Charlie McCreevy: For the reasons I have outlined, I do not adhere to the principle that we should automatically index bands and allowances. The suggestion has been put forward over the years, but no Minister for Finance of any political persuasion would go along with it. Senator Mansergh has also referred to the reasons for this. In reply to Senator McDowell's question about the figures for the year, we hope...