Results 1-20 of 1,568 for long speaker:Michael Noonan

Written Answers — Department of Finance: Insurance Data (1 Jun 2017)

Michael Noonan: ...relation to average premium and average increase at each review.   I am advised by the Central Bank, that this type of plan is designed to provide consumers with life cover for their whole life. As long as the policy holder makes regular payments and the payments are sufficient to maintain the chosen benefits, this type of cover will pay a lump sum on the death of the policy...

Written Answers — Department of Finance: Brexit Issues (30 May 2017)

Michael Noonan: ...and carry out relevant analysis, and to frame budgetary policy advice in this new context. We know from our own published research that the potential impact on the Irish economy is significant.  The medium to long term economic impacts of a ‘hard Brexit’ with reversion to the WTO trade rules are set out in the November 2016 joint paper with the ESRI ‘Modelling...

Written Answers — Department of Finance: Insurance Costs (30 May 2017)

Michael Noonan: ...of Insurance Working Group and appointed Minister of State Eoghan Murphy as Chair.  This Working Group is examining the factors contributing to the increasing cost of insurance and identifying what short, medium and long-term measures can be introduced to help reduce the cost of insurance for consumers and businesses. The initial focus of the Working Group was the issue of...

Other Questions: Help-To-Buy Scheme (18 May 2017)

Michael Noonan: ..., among other issues, and is due to be presented to me by 31 August. In my view, it is the lack of supply that is primarily responsible for driving house prices higher. I point out that increases in house prices prevailed long before the introduction of the help-to-buy incentive. I also point out that the scheme is targeted at new build homes only and first-time buyers...

Written Answers — Department of Finance: Help-To-Buy Scheme (18 May 2017)

Michael Noonan: ...to meet the current demographic demand for housing. In my view, it is the lack of supply that is primarily responsible for driving house prices higher and I would point out that increases in house prices prevailed long before the introduction of the Help to Buy incentive. I would also point out that the incentive is targeted towards new build homes only, and to...

Written Answers — Department of Finance: Brexit Issues (18 May 2017)

Michael Noonan: ...support SMEs, entrepreneurship, agri-food and Irish exporters. More recently, the Department has worked with the ESRI to deepen the macroeconomic analysis and a report titled 'Modelling the Medium to Long Term Potential Macroeconomic Impact of Brexit on Ireland' was published in November 2016. In April 2017, updated macroeconomic forecasts were published by my Department, as part of...

Written Answers — Department of Finance: Common Consolidated Corporate Tax Base Negotiations (18 May 2017)

Michael Noonan: ...to discuss and debate the various aspects of the proposal in the relevant tax working parties.  Ireland is engaging constructively in these discussions while continuing to assess whether it is in line with our long-term interests.  Member States maintain full sovereignty on tax matters and unanimity is required before any proposal can be agreed.

Written Answers — Department of Finance: Stability and Growth Pact (18 May 2017)

Michael Noonan: ...the business cycle, the situation is kept under constant review by my officials. The Government is very conscious of the need to boost the supply of critical infrastructure. Investment in public infrastructure is vital for the medium and long-term competiveness of the economy as well as for underpinning social cohesion through the provision of vital services to people in the...

Written Answers — Department of Finance: Economic Growth Rate (18 May 2017)

Michael Noonan: ...; Index for the sector recording its forty-fourth successive month of expansion. - The Consumer Sentiment Index rose slightly to 102.0 in April 2017, from 101.9 in March. The index remains well above its long run average. - The seasonally-adjusted monthly unemployment rate for April was 6.2 per cent, down from 8.4 per cent in April 2016.  As a...

Written Answers — Department of Finance: Motor Insurance Regulation (18 May 2017)

Michael Noonan: ..., chaired by Minister of State, Eoghan Murphy T.D in July 2016.  This Working Group is examining the factors contributing to the increasing cost of insurance and identifying what short, medium and long-term measures can be introduced to help reduce the cost of insurance for consumers and businesses.  The initial focus of the Working Group was the issue of rising motor insurance...

Written Answers — Department of Finance: Mortgage Interest Rates (18 May 2017)

Michael Noonan: ...rise to potentially undesirable consequences for the provision of new mortgage lending.  This is a policy area that the Government will keep under active review in its ongoing engagement with mortgage lenders and in implementing the Programme for Government commitments to help deliver on a long term basis better outcomes for all mortgage borrowers.

Written Answers — Department of Finance: Tax Code (17 May 2017)

Michael Noonan: ...earning over €42,800.  It is estimated that in 2017, 21% of taxpayer units will pay income tax at the higher rate.  Indexation of the standard rate bands would therefore be of benefit to only 21% of taxpayers. I have long said that the burden of the income tax system in Ireland is too high and that I would seek to reduce it as soon as it was prudent to do so. Budget 2017...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014 [Private Members]: Committee Stage (11 May 2017)

Michael Noonan: ...to take Second Stage of the Bill in the Dáil by the end of the month. I have been told informally that the Business Committee will facilitate that request. I do not think we are setting up for a long delay. I am as interested as the Deputy in having the Bill enacted by the Dáil and the Seanad before the summer recess. The Government's Bill has the potential to strengthen...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014 [Private Members]: Committee Stage (11 May 2017)

Michael Noonan: ...make complaints up to two years from the date of knowledge. The heads of the Bill published last September provided for a possible three-year discoverability period for complaints with regard to long-term service. This is now reflected in section 52 of the Government Bill that was published yesterday. In that respect, the extension from two to three years for long-term financial...

Written Answers — Department of Finance: Private Rented Accommodation (11 May 2017)

Michael Noonan: ...ten targeted questions which covered subjects such as mortgage interest relief, capital repayment relief, rental accommodation as a pension investment, the deductibility of various expenses, Capital Gains Tax, long-term tenancies, accidental landlords, the Rent-a-Room Scheme and vacant properties. Individuals had the option to answer any, all, or none of the questions, when making their...

Written Answers — Department of Finance: Insurance Costs (9 May 2017)

Michael Noonan: ...Insurance Working Group and appointed Minister of State Eoghan Murphy as Chair.  This Working Group is examining the factors contributing to the increasing cost of insurance and identifying what short, medium and long-term measures can be introduced to help reduce the cost of insurance for consumers and businesses. The initial focus of the Working Group was the issue of...

Written Answers — Department of Finance: Stability Programme Data (4 May 2017)

Michael Noonan: The Economic Policy Committee (EPC), an official level EU Committee, undertakes an assessment every three years reviewing the impact of long-term demographic trends on the public finances of Member States. Table 21 on page 43 of the Stability Programme Update, published on May 2nd, sets out the long-term expenditure projections as published in the 2015 Ageing Report, under 5 broad headings;...

Written Answers — Department of Finance: Motor Insurance (4 May 2017)

Michael Noonan: ...carry out some analysis on this subject. In the case of Gill Russell v HSE, the Court of Appeal upheld the determination of the High Court that the discount rate of 3% then being applied by the courts to personal injury lump sum awards was too high for cases involving significant long-term care needs.  A key outcome of this process will be whether regulations should be brought...

Written Answers — Department of Finance: Economic Policy (3 May 2017)

Michael Noonan: ...and attractive as an EU location to invest in and do business from. Ireland’s corporation tax regime and 12.5% corporation tax rate will continue to be competitive while also offering long-term certainty to international business. As always, we will remain alert and responsive to any changes in the US or global tax environment.

Written Answers — Department of Finance: Foreign Direct Investment (2 May 2017)

Michael Noonan: ...want to have operations in the EU, and Ireland will remain very competitive and attractive as an EU location to invest in and do business from. Ireland’s corporation tax regime will continue to offer long term certainty to international business. As always, we will remain alert and responsive to any changes in the global tax environment. The Department of Finance, and our...