Results 1-20 of 183 for data protection speaker:Michael McGrath

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage (1 May 2024)

Michael McGrath: ...financial return for the State from the investment of the funds we will entrust it with. We have to go back to the primary purpose of setting up this fund. I have looked at the trends and data and the challenges we will face in coming years. In the absence of these funds, and to a lesser extent even with these funds, future Governments will face extremely different decisions to provide...

Written Answers — Department of Finance: Departmental Staff (1 May 2024)

Michael McGrath: ...Code of Ethics, which applies to all employees, includes specific provisions around political involvement and secondary employment. The Central Bank is an apolitical institution and staff are required to protect its apolitical position at all times. Staff must not engage in any activity which could call into question this apolitical status or risk the Bank being drawn into any political or...

Written Answers — Department of Finance: EU Directives (30 Apr 2024)

Michael McGrath: ...professions having anti-money laundering obligations) in carrying-out due diligence as part of their AML obligations. The system operates by providing access to the CRBOT Trusts Register through a token system. This minimises data protection risks, while enabling access to persons who need to have access under AML requirements. The data protection risks are significant given the prevalent...

Written Answers — Department of Finance: Tax Data (30 Apr 2024)

Michael McGrath: .... A breakdown of properties subject to the 10% rate in 2024 is not available at this time. This is due to the low number (less than 10) of purchasers subject to the 10% rate in 2024 to date. The data in the table is provisional and may change as additional returns are filed or amended. Stamp Duty Section 31E 10% Duty payable (€m) Number of Purchasers* ...

Written Answers — Department of Finance: Insurance Coverage (23 Apr 2024)

Michael McGrath: ...capacity. Accordingly, €1.3 billion has been committed to the delivery of flood relief schemes for delivery by the OPW over the lifetime of the National Development Plan to 2030. This will protect approximately 23,000 properties across various communities from river and coastal flood risk. I must emphasise that the provision of insurance cover is primarily a commercial matter...

Written Answers — Department of Finance: Insurance Coverage (23 Apr 2024)

Michael McGrath: ...to managing flooding problems. Accordingly, €1.3 billion has been committed to the delivery of flood relief schemes over the lifetime of the National Development Plan (NDP) to 2030. This will protect approximately 23,000 properties across various communities from river and coastal flood risk. In terms of the outcome of the current approach to flood insurance, it should be noted...

Written Answers — Department of Finance: Tax Code (10 Apr 2024)

Michael McGrath: ...numerous measures to address this. This has been addressed both through disincentivising bulk purchases, and through positive steps taken to increase the housing supply. Revenue and CSO data show that the higher stamp duty rate has applied to less than 1% of residential property transactions between May 2021 to end-2023, and has applied to less than 2% of total new dwellings completed...

Written Answers — Department of Finance: Flexible Work Practices (10 Apr 2024)

Michael McGrath: ...with all the relevant stakeholders and is contributing to the policy discussions on the issue. To support work in this area, the following three issues are actively being pursued: Obtain Better Data – there is a general acceptance that data in relation to the nature and extent of cross-border working could be improved. The ESRI has been commissioned to undertake a research...

Written Answers — Department of Finance: Vacant Properties (9 Apr 2024)

Michael McGrath: ...19 Limerick 80 Waterford 76 It is not possible to break these applications down by year due to the low number of claimants and the need to protect taxpayer confidentiality. It is also not possible, with the data provided to Revenue, to break these applications down into successful and unsuccessful applications. The SRAs were...

Written Answers — Department of Finance: Tax Data (9 Apr 2024)

Michael McGrath: ...1,245.7 1,186.0 It should be noted that this analysis is a point in time exercise and forecasted revenue is estimated using forward projected estimates of energy use from the Environmental Protection Agency (EPA) and the Sustainable Energy Authority of Ireland (SEAI). It is anticipated that updated energy use data will be available from the SEAI in the coming months and...

Written Answers — Department of Finance: Departmental Data (20 Mar 2024)

Michael McGrath: ...Exchequer. Officials from the Department of Finance and the Revenue Commissioners continue to engage constructively in negotiations on these matters at the OECD to ensure that Ireland’s best interests are protected and to ensure that the outcome of this work is faithful to the October 2021 agreement and represents a fair outcome to all jurisdictions. Pillar One will come at a cost...

Written Answers — Department of Finance: Financial Services (20 Feb 2024)

Michael McGrath: ...Nos. 212 to 214, inclusive, together. The Financial Services and Pensions Ombudsman (FSPO) plays a vital role for consumers of financial services in Ireland, as part of a robust financial consumer protection framework. The statutory functions of the FSPO are set out in the Financial Services and Pensions Ombudsman Act 2017. This governing legislation empowers the FSPO to investigate...

Written Answers — Department of Finance: Fiscal Policy (1 Feb 2024)

Michael McGrath: ..., Independent ATM Operators, the members of the Irish Retail Payments Forum, which is hosted by the Central Bank, the Department of Enterprise, Trade and Employment, the Competition and Consumer Protection Commission and the Private Security Authority. The legislation establishes a framework for the fair, orderly, transparent, and equitable management of future changes in cash...

Written Answers — Department of Finance: Insurance Industry (1 Feb 2024)

Michael McGrath: ...policies nationally. This approach is accompanied by committed investment of €1.3 billion to the delivery of flood relief schemes over the lifetime of the National Development Plan to 2030. This will protect approximately 23,000 properties across various communities from river and coastal flood risk. Specifically, with regard to East Cork, the OPW has already invested c....

Written Answers — Department of Finance: Fiscal Policy (1 Feb 2024)

Michael McGrath: ...guidance on local deficiencies prior to implementation of this provision. The legislation provides for regular reviews of the access to cash criteria by the Central Bank following the publication of new Census data on population, or if cash demand drops by more than 15% in a calendar year compared to the previous calendar year. A review must also be carried out if I request one,...

Written Answers — Department of Finance: Tax Code (1 Feb 2024)

Michael McGrath: ...numerous measures to address this. This has been addressed both through disincentivising bulk purchases, and through positive steps taken to increase the housing supply. Revenue and CSO data show that the higher stamp duty rate has applied to less than 1% of residential property transactions in the May 2021 to November 2023 period, and has applied to less than 2% of total new...

Written Answers — Department of Finance: Housing Policy (24 Jan 2024)

Michael McGrath: ...decisively with the introduction of wide range of actions in 2021 to provide a disincentive on the bulk purchase of homes. These actions are working. Estimates, based on Revenue and CSO data, show that the higher stamp duty rate has applied to less than 1% of residential property transactions in the May 2021 to October 2023 period, and has applied to less than 2% of total new dwellings...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2024
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (24 Jan 2024)

Michael McGrath: The data that we have, which we shared with the Deputy, points to about 1,200 properties being purchased where the 10% stamp duty was paid. The Deputy is seeking a change in the rate of stamp duty to, I think, a minimum of 17%. It is reasonable for me to point out that we have just come through a lengthy Finance Bill process and the Deputy, as the lead Opposition spokesperson, did not raise...

Written Answers — Department of Finance: Insurance Industry (23 Jan 2024)

Michael McGrath: ...by the EU Single Market framework for insurance (the Solvency IIDirective). Notwithstanding this, I am aware that the cost of home insurance may be rising for some consumers, and that CSO data for December 2023 indicates an annual price increase of 9.1 per cent. However, it should be noted that the rate of increase has declined substantially from its peak in April 2023, when it reached...