Results 1-20 of 1,015 for long 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: ...will continue to apply. ISIF comprises the discretionary portfolio, valued at some €8.7 billion, and the directed portfolio, valued at €6.3 billion. In June 2022, the revised ISIF impact strategy was launched with a focus on long-term transformational investments addressing key strategic challenges facing the country across four key investment themes of climate, housing and...

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: ...low-key inflation and lobbying. We are giving the NTMA the discretion to invest inside or outside the State. However, the key objective is that this fund will build a financial asset to generate long-term returns that will offset costs coming over the years ahead. Were we not to do that, these costs would have to be met from existing resources which would mean less money in the future...

Written Answers — Department of Finance: Revenue Commissioners (1 May 2024)

Michael McGrath: ...is limited to requesting the statutory additional proofs from the named applicant and issuing the licence. Revenue operates under court instruction and are not in a position to comment on how long it is legal for a premises to trade on a certificate of transfer in circumstances where the certificate of transfer and associated trader are still the subject of court proceedings after the...

Petrol and Diesel Excise Rate Increases: Motion [Private Members] (30 Apr 2024)

Michael McGrath: ...the Finance Act 2020 provides for a 10-year trajectory for carbon tax increases to reach €100 per tonne of CO2 by 2030; — a significant portion of carbon tax revenue is allocated for expenditure on targeted welfare measures and energy efficiency measures, which not only support the most vulnerable households in society but also in the long-term, provide support against fuel...

Written Answers — Department of Finance: Pension Provisions (30 Apr 2024)

Michael McGrath: ...NTMA), through State Savings products, offers a wide range of tax free savings products to the general public, including Prize Bonds and fixed rate savings bonds/certificates. Both short term and long term fixed rate products are offered, with maturities from 3 to 10 years. The interest rates on offer are competitive and provide good value for the holders of State Savings products. The...

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

Michael McGrath: ...recovery entitlement on their input costs. In accordance with the EU rules, Ireland may continue to apply this existing, historic VAT exemption on the supply of domestic passenger transport but, for as long as the exemption remains, the conditions under which the exemption was granted cannot be changed. In fact, the introduction of a new entitlement to VAT recovery for the passenger...

Written Answers — Department of Finance: Fuel Prices (30 Apr 2024)

Michael McGrath: ...significant portion of carbon tax revenue is allocated for expenditure on targeted welfare measures and energy efficiency measures, which not only support the most vulnerable households in society but also in the long term, provide support against fuel price impacts by reducing our reliance on fossil fuels. Analysis undertaken using SWITCH, the ESRI tax and benefit model, to simulate the...

Written Answers — Department of Finance: State Properties (25 Apr 2024)

Michael McGrath: ...units. NARPS (National Asset Residential Property Services) is a NAMA subsidiary which was established to expedite social housing delivery. NARPS owns 1,366 residential properties which are under long term lease to AHBs and local authorities. The breakdown by local authority area is provided below. All NARPS units are leased by the AHBs and local authorities to tenants for social...

Written Answers — Department of Finance: Financial Services (23 Apr 2024)

Michael McGrath: ...NTMA), through State Savings products, offers a wide range of tax free savings products to the general public, including Prize Bonds and fixed rate savings bonds/certificates. Both short term and long term fixed rate products are offered, with maturities from 3 to 10 years. The interest rates on offer are competitive and provide good value for the holders of State Savings products. The...

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

Michael McGrath: ...industry. In turn, its members take into account all of this information when assessing exposure to flood risk within these areas. Officials from the Departments of Finance; Housing and Local Government, along with other stakeholders engage constructively with this process on how the levels of insurance cover might be improved in areas where flood defence works have been completed. ...

Written Answers — Department of Finance: Departmental Communications (16 Apr 2024)

Michael McGrath: ...engagement with Australia’s Finance Minister, Senator Katy Gallagher. However, given the breadth of our relationship, I look forward to an opportunity to engage with her and to continuing the long-standing engagement and cooperation between our countries and economies.

Written Answers — Department of Finance: Tax Code (16 Apr 2024)

Michael McGrath: The Deputy will be aware that it is a long-standing practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions. The Government decided upon the introduction of the Local Property Tax (LPT), that a liability to the tax should apply to all owners of residential properties with a limited number of exemptions...

Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Second Stage (10 Apr 2024)

Michael McGrath: ...has been a focus for me and my Department over the past year. On budget day, I was pleased to announce that the Government had agreed a structure to: save and invest resources to deal with known and unknown long-term pressures on public expenditure; support countercyclical expenditure and help address specific climate and nature problems; and continue to maintain a stream of investment...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Mortgage Interest Rates (10 Apr 2024)

Michael McGrath: ...year. I was informed, as the Deputy would equally have been informed, that that was not possible. The system and the IT infrastructure could not support such a system and it would have taken a long time to be developed. That is why we went with the most straightforward system possible to get as much support as we could to those who are eligible.

Written Answers — Department of Finance: Vacant Properties (10 Apr 2024)

Michael McGrath: The Deputy will be aware that it is a long-standing practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions. The Government is acutely aware of the difficulties in the housing market and the challenges this presents for many people and families at the moment. The need to address vacancy and to ensure...

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

Michael McGrath: ...has become a highly concentrated revenue stream. It has been a key priority for this Government that we do not build permanent spending commitments on the basis of revenues that could be transient. That is why we have decided to establish the two new long-term investment funds, the legislation in respect of which was published recently. The below table contains corporation tax payments...

Written Answers — Department of Finance: General Government Debt (10 Apr 2024)

Michael McGrath: ...payments. Structural aspects of Ireland’s debt stock have, so far, helped to insulate the public finances from the higher interest rate environment with the vast majority of debt locked-in at fixed rates and with a relative long average maturity profile. However, the need to re-finance maturing debt over the medium-term will likely result in higher borrowing costs. Additionally, the...

Written Answers — Department of Finance: Capital Expenditure Programme (9 Apr 2024)

Michael McGrath: ...differed by the models used across studies and time sampled for analysis. While investment does have short term economic benefits via a multiplier effect, this Government is also investing to support our long term societal needs and climate ambitions. This includes meeting the significant investment required in sustainable technologies and infrastructure, such as renewable energy and...

Written Answers — Department of Finance: Transport Policy (9 Apr 2024)

Michael McGrath: ...% and the requirements for the derogation are maintained. Therefore, there is no discretion under the Directive for Ireland to widen the scope of the derogation and apply a reduced VAT rate to the supply of long term car hire (for a period greater than 5 weeks in total in a twelve-month period).