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Results 181-200 of 906,638 for in 'Dáil debates' OR in 'Committee meetings' speaker:Jan O'Sullivan

Ceisteanna Eile - Other Questions: Real Estate Investment Trusts (16 Dec 2021)

Martin Browne: The Minister of State will be aware that the CSO residential property price index report for October was published today. It shows that house prices across the State have risen by 13.5% annually. Families cannot afford to buy homes. As I have already told the House this week, there are families in Tipperary whose landlords have given them notice. They are looking to a rental market that...

Ceisteanna Eile - Other Questions: Real Estate Investment Trusts (16 Dec 2021)

Mairead Farrell: The Minister of State just said that the funds pay tax as well but they do not. They pay no corporation tax or capital gains tax. I have a quote from the Minister of State from an RTÉ Radio 1 interview he did earlier this year. He said that on any profits being made there is a tax of 20% or 25% depending on the structure and that any profits they make are taxed at a higher rate:...

Ceisteanna Eile - Other Questions: Real Estate Investment Trusts (16 Dec 2021)

Seán Fleming: I thank the Deputies for continuing to raise this issue. The essence of my point all along has been that the beneficial owners are the people who pay the tax by and large. The VAT and other small taxes are paid directly by the fund. There is a strong withholding tax regime in place for the transfer of funds. For example, in the Irish REITs market, including Hibernia, IRES and Newgrove,...

Ceisteanna Eile - Other Questions: Insurance Industry (16 Dec 2021)

Ruairi Ó Murchú: I accept there are certain things the Government cannot do but we will deal with those powers that the Government has. I welcome the fact we are looking at the anomalies that have been caused by Brexit, the gift that never stops giving, but we have to move on in that regard. It was a vital piece of work in regard to the personal injury guidelines. We know that in an awful lot of cases, the...

Ceisteanna Eile - Other Questions: Insurance Industry (16 Dec 2021)

Seán Fleming: On the duty of care, it is an immediate priority. It is one of the biggest single outstanding actions in the action plan that we announced 12 months ago. I would hope that by the end of January we will have a firm date. There is a meeting of the Cabinet subgroup dealing with this issue towards the end of January, by which time we will have a full review of 2021. I expect that at that date...

Ceisteanna Eile - Other Questions: Insurance Industry (16 Dec 2021)

Ruairi Ó Murchú: I welcome the promises the Minister of State has made and we will follow up in that regard. I wish the Minister of State a happy Christmas. I have an issue that was brought up with me by some of my younger constituents. Obviously, we have had supply chain issues that have also been caused by Brexit. There are worries in regard to a certain Santa Claus. We hope the Minister of State...

Ceisteanna Eile - Other Questions: Insurance Industry (16 Dec 2021)

Aengus Ó Snodaigh: I think he will be okay once he does not damage my roof.

Ceisteanna Eile - Other Questions: Insurance Industry (16 Dec 2021)

Seán Fleming: I thank Deputy Ó Murchú for raising that timely issue. Before I came in here, we made a phone call to Lapland. The Government in Lapland has told us there is no insurance required whatever for anybody in Lapland who ever has an accident, which has never happened because Santa Claus and Mrs. Claus make sure that all the helpers are fully protected, so there has never been an...

Ceisteanna Eile - Other Questions: Insurance Industry (16 Dec 2021)

Question No. 98 answered with Question No. 94.

Ceisteanna Eile - Other Questions: Mortgage Interest Rates (16 Dec 2021)

Mortgage Interest Rates

Ceisteanna Eile - Other Questions: Mortgage Interest Rates (16 Dec 2021)

Neale Richmond: 99. To ask the Minister for Finance his views on whether there is scope for increased competition for loans and mortgages within the European Union; and if he will make a statement on the matter. [62134/21]

Ceisteanna Eile - Other Questions: Mortgage Interest Rates (16 Dec 2021)

Neale Richmond: After such an explosion of festive goodwill, I am loath to ask about mortgages, but I am afraid I am going to have to. As the Minister of State knows, Ireland has one of the highest mortgage rates in the eurozone. I ask him what efforts are being made by the Government to look at competition across the EU for mortgage rates and for loans.

Ceisteanna Eile - Other Questions: Mortgage Interest Rates (16 Dec 2021)

Seán Fleming: While competition issues generally are primarily a matter for the Competition and Consumer Protection Commission, competitive pressures in the banking sector can clearly have an effect on the functioning of the financial system and on the quality and price of credit and other banking services provided to customers. It is accepted that the Irish retail banking system is relatively...

Ceisteanna Eile - Other Questions: Mortgage Interest Rates (16 Dec 2021)

Neale Richmond: I want to pick up on one of the last points. The Minister of State mentioned the very welcome decline in interest rates to an average of 2.73% in this State in October but we have to remember that compares to a eurozone average of 1.28%, so it is more than double the average for comparative European markets. To put that into actual figures, the average Irish mortgage holder will pay almost...

Ceisteanna Eile - Other Questions: Mortgage Interest Rates (16 Dec 2021)

Seán Fleming: As I said, there has been a reduction, although I understand the Deputy’s point that despite the 2.73% rate available since October this year, it is higher than European norms. In truth, the reason for that is multifaceted. While the credit risks and capital requirements in Ireland are elevated due to the historic loan experience and loss experience, the level of non-performing...

Ceisteanna Eile - Other Questions: Energy Prices (16 Dec 2021)

Seán Fleming: It is important to put on the record that all the measures I have just mentioned, especially regarding the fuel allowance for many hundreds of thousands of households around the country who benefit to the tune of €914 from October to next April, are funded through the carbon tax. Those who oppose the carbon tax are trying to reduce the Government's ability to assist those households....

Ceisteanna Eile - Other Questions: Energy Prices (16 Dec 2021)

Alan Dillon: If we consider the number of people who on Government advice are now working from home, it is obvious that they are using more household energy, resulting in higher bills. Consumers are facing massive price hikes by utility companies. We have taken some first steps this week, but more needs to be done. With Christmas just around the corner, people are concerned about more money coming out...

Ceisteanna Eile - Other Questions: Energy Prices (16 Dec 2021)

Seán Fleming: The initiatives we announced this week specifically refer to the increased costs of working from home. The Finance Bill included some new measures of support for people working from home. The previous scheme was very narrow, but we included a new scheme of statutory benefits in the Finance Bill that was passed in the House last night. There are benefits for people working from home in...

Ceisteanna Eile - Other Questions: Energy Prices (16 Dec 2021)

Richard Bruton: The point made by Deputy Dillon is valid. We are going to see increasing volatility in fossil fuel prices as we move to net zero. Would the Government consider some form of policy that would have a buffer in the tax take so that in times of sharp changes, either up or down, the State would maintain a steady upward drift in the price of fuel but would to some degree insulate people from the...

Ceisteanna Eile - Other Questions: Energy Prices (16 Dec 2021)

Ruairi Ó Murchú: In fairness, I find myself agreeing with a lot of what has been said. We accept that we have difficulties at present with the energy crisis. We are going to have continuing difficulties and we must look at easing the pain as much as possible as we move towards a just transition. I put on record my disappointment at the fact that the €100 mitigation offered to people has been put...

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