Results 41-60 of 3,454 for speaker:Jennifer Carroll MacNeill

Seanad: Finance (No. 2) Bill 2023: Report and Final Stages (12 Dec 2023)

Jennifer Carroll MacNeill: I thank Senator Black for outlining her position on this. As a female Minister of State in the Department of Finance, I have a very acute interest in the gender distribution of policy made in the Department and particularly on the inequitable outcomes for women in pensions and on pension poverty. I am aware of that in everything we do. I appreciate the Senator has had an exchange with the...

Seanad: Finance (No. 2) Bill 2023: Report and Final Stages (12 Dec 2023)

Jennifer Carroll MacNeill: I thank Senator Black. The recommendation requests a report on the potential revenue implications for the State if a 50% limit on deferred tax assets was imposed. As Senators are aware, loss relief for corporation tax is a long-standing feature of the Irish corporate tax system and a standard feature of corporation tax systems in most OECD countries. It recognises the fact that a business...

Seanad: Finance (No. 2) Bill 2023: Report and Final Stages (12 Dec 2023)

Jennifer Carroll MacNeill: This proposed recommendation seeks the preparation of a report on the revenue that might be raised from and the distributional impact of a wealth tax of 2% on all households with assets over €20 million within six months of the passing of the Bill into law. As Senators from all sides of the House are aware, wealth can be and is taxed in a variety of ways. Many such taxes are already...

Seanad: Finance (No. 2) Bill 2023: Report and Final Stages (12 Dec 2023)

Jennifer Carroll MacNeill: The proposed recommendation attempts to create a link between the Irish corporation tax system, on the one hand, and human rights and welfare, including child welfare in the global south, on the other. These are distinct policy considerations. I will address reform, and the extensive work in recent years the Department of Finance has undertaken to update the Irish corporate tax system, much...

Seanad: Finance (No. 2) Bill 2023: Report and Final Stages (12 Dec 2023)

Jennifer Carroll MacNeill: Tackling vacancy is an urgent priority for the Government and every Member of the Houses. It is appropriate that every available lever is deployed to incentivise the use of existing housing stock throughout the country. This includes measures to deter vacancy, alongside supportive measures that Senators have mentioned, such as grants. For this reason, the Minister for Finance announced in...

Seanad: Finance (No. 2) Bill 2023: Report and Final Stages (12 Dec 2023)

Jennifer Carroll MacNeill: Senators will be aware the Government is committed to tackling climate change and decarbonising the economy by 2050, and we are very much aware of the challenges subsidies pose to our collective effort to disincentivise fossil fuels. We are stuck in a difficult transition period as we try both to help people meet their energy bills and to transition the economy to renewable energy sources....

Seanad: Finance (No. 2) Bill 2023: Report and Final Stages (12 Dec 2023)

Jennifer Carroll MacNeill: I thank the Senator for highlighting that, given it was agreed to in the 2022 Act, as he said.I have confirmed with my officials that Revenue continues to work on it. It is a priority for the Department of Finance that it is active. Officials have been in touch with Revenue in the last week or so to make sure that is so. The Department of Finance is keen that it be implemented shortly by...

Confidence in the Minister for Justice: Motion (5 Dec 2023)

Jennifer Carroll MacNeill: We look down on what you do.

Confidence in the Minister for Justice: Motion (5 Dec 2023)

Jennifer Carroll MacNeill: You harass and cause problems for gardaí. That is not what we do.

Confidence in the Minister for Justice: Motion (5 Dec 2023)

Jennifer Carroll MacNeill: They are not getting it from you either.

Confidence in the Minister for Justice: Motion (5 Dec 2023)

Jennifer Carroll MacNeill: You would know that.

Confidence in the Minister for Justice: Motion (5 Dec 2023)

Jennifer Carroll MacNeill: They are attacks on the IRA, attacks on Sinn Féin's support for the IRA and attacks on Sinn Féin's commemoration of the IRA.

Seanad: Credit Union (Amendment) Bill 2022: [Seanad Bill amended by the Dáil] Report and Final Stages (5 Dec 2023)

Jennifer Carroll MacNeill: I am delighted to have the opportunity to bring this Bill back to the Seanad. I will speak broadly on the Bill, as the Seanad wishes, about the Bill’s background as we finish up. The Bill is the culmination of three years of collaborative work by my departmental officials, the credit union sector’s representative bodies, the Central Bank and many devoted credit union staff and...

Seanad: Credit Union (Amendment) Bill 2022: [Seanad Bill amended by the Dáil] Report and Final Stages (5 Dec 2023)

Jennifer Carroll MacNeill: Group 2 addresses the following issues: the expansion of the definition of a “common bond” to include the common bond of a corporate credit union; the modernisation of the language in the Credit Union Act regarding the objects and purpose of a credit union; the establishment of a corporate credit union and the establishment of its common bond; and provision for credit unions to...

Seanad: Credit Union (Amendment) Bill 2022: [Seanad Bill amended by the Dáil] Report and Final Stages (5 Dec 2023)

Jennifer Carroll MacNeill: In total, 51 amendments have been made to the Bill since its publication in December 2022. While the majority of those were technical amendments clarifying and refining the language of the Credit Union Act 1997, two key amendments were to section 35, which allows credit unions to take part in loan participation and loan syndication, and to section 51A, which allows credit unions to refer...

Seanad: Credit Union (Amendment) Bill 2022: [Seanad Bill amended by the Dáil] Report and Final Stages (5 Dec 2023)

Jennifer Carroll MacNeill: The amendments in this group, namely, amendments Nos. 15 and 17, relate to sections 17 and 67. They will assist credit unions in modernising their membership approval processes.

Seanad: Credit Union (Amendment) Bill 2022: [Seanad Bill amended by the Dáil] Report and Final Stages (5 Dec 2023)

Jennifer Carroll MacNeill: The amendments in this group address the issue of changes to the nominations processes and to the processes for small payments on death. These are important changes to the Bill as originally published. Members will be very familiar with the nomination procedure. The two changes here are an increase in the nomination limit from €23,000 to €27,000 and a tightening of the...

Seanad: Credit Union (Amendment) Bill 2022: [Seanad Bill amended by the Dáil] Report and Final Stages (5 Dec 2023)

Jennifer Carroll MacNeill: This grouping inserts a new section 51A that allows for the referral of a member to another credit union, regardless of whether the referring credit union provides the service the member is seeking. This is absolutely core to the operation of the new Bill. What we are trying to do is increase the financial services provided to people all over this country, irrespective of where they live,...

Seanad: Credit Union (Amendment) Bill 2022: [Seanad Bill amended by the Dáil] Report and Final Stages (5 Dec 2023)

Jennifer Carroll MacNeill: The latter is exactly what is proposed. Rather than forcing smaller credit unions to provide mortgages or current accounts in a way that may not suit them, because they may not step into that risk profile, the member of that credit union can and should be referred to another credit union that offers those services and becomes a member of that credit union specifically for the purpose of...

Seanad: Credit Union (Amendment) Bill 2022: [Seanad Bill amended by the Dáil] Report and Final Stages (5 Dec 2023)

Jennifer Carroll MacNeill: Yes, the purpose is about referring members rather than changing the common bond.