Lenihan, Brian Joseph

Wednesday, 16 June 2010

Dáil Éireann Debate
Vol. 712 No. 3

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Professor Honohan has outlined the whole thing in his report.More Button

I did.More Button

The Deputy’s party is learning fast.More Button

I move amendment No. 1: To delete all words after “Dáil Éireann” and substitute the following: welcoming the preliminary reports ‘The Irish Banking Crisis — Regulatory and Financial Stability Policy 2...More Button

Fine Gael tabled a private Members’ motion on the draft terms of reference of the commission of inquiry before its members had an opportunity to hear from the authors of the two reports and before the...More Button

There is no question of a political attempt to exclude matters from the terms of reference or to make them less comprehensive than they should be. The terms of reference mirror the concerns of the re...More Button

Let us not hear any more about transformational change from Deputy Bruton and let us hear no more about political cultural change. Political cultural change is not happening in the main Opposition pa...More Button

The authors did not say this should have taken place in the Government; they refer to the supervisory structures. They say bank supervision in Ireland was weak and the response of supervisors to the ...More Button

Nobody can be happy with what happened here. Opposition parties did not identify these problems. I do not often make that point because I accept Governments must take responsibility for what happene...More Button

Let us not revisit those matters; let us consider the matters for further investigation. It is important to keep in mind that these reports are preliminary scoping reports that are intended to point ...More Button

That is reflected in the report and what the authors of the report advised the committee. Professor Honohan seems to suggest there should be no further reports.More Button

He came close to saying that but the Government does not agree with the Governor in this respect. The Government believes there should be a commission of inquiry. The Governor did not make the case ...More Button

It was to the supervisory system. We shall come to macro advice in a moment. We are now at matters that can be subject to legally verifiable examination. Macro-economic policy is not one of those a...More Button

It is not, according to any of the authors of any of these reports. It is a matter we can argue about in this House and we can set up a procedure to devise how we want to test it but it is not a matt...More Button

I doubt it is a point of order but I am in the Acting Chairman’s hands.More Button

Within each of the institutions guaranteed by the Government the main causes of the serious failures to implement and adhere to appropriate standards and controls should be examined, specifically in r...More Button

The question regarding senior debt, which was already issued, was raised by Professor Honohan in his report but was not brought to a conclusion by him. If one examines the appendix to the report, he ...More Button

I have made it clear I am prepared to make available to the finance committee the entire file of my Department on this matter, take whatever questions the committee wishes to ask me and be accompanied...More Button

Amendment put.
Yes IndicatorVoted Yes More Button

Written Answers - Tax Code

Was asked: the way in which income from renting a car-space is treated for income tax purposes; the reliefs, credits or other such tax allowances available on such income; and the specific statutory provision c...More Button

It is assumed that the Deputy’s question relates to the letting of a single car-space by an individual who does not require it for personal use. On that basis, the position is that income from the ren...More Button

Was asked: if he will retain the current rate of tax relief for charities; and if he will make a statement on the matter. More Button

Was asked: if he will reduce the threshold for tax relief to around €100 a year for charities; and if he will make a statement on the matter. More Button

I propose to take Questions Nos. 95 and 96 together. It is assumed that the Deputy is referring to certain recommendations that were made in the report of the Commission on Taxation. The first of thes...More Button

Was asked: if he will to introduce compensation to charities for VAT incurred on independent fundraising for charities; and if he will make a statement on the matter. More Button

Charities and non-profit groups engaged in non-commercial activity are exempt from VAT under the EU VAT Directive, with which Irish VAT law must comply. This means they do not charge VAT on the servic...More Button

Written Answers - EU Directives

Was asked: how he proposes to transpose the Consumer Credit Directive into domestic legislation; when he proposes to do so; if he proposes to include the discretion for credit unions contained in the directive;...More Button

The Consumer Credit Directive establishes a harmonised legal framework in the European Union for the provision of consumer credit ranging from €200 up to €75,000. (It does not apply to mortgages). It ...More Button

Written Answers - Departmental Agencies

Was asked: if, further to Parliamentary Question No. 40 of 9 June 2010, the 24 posts referred to in his answer relate to the 53 requested posts by Enterprise Ireland; and if he will make a statement on the matt...More Button

Following requests by the then Department of Enterprise, Trade and Employment I sanctioned the following posts, as exceptional measures under the moratorium on recruitment and promotions in the public...More Button

Written Answers - Pension Provisions

Was asked: further to Parliamentary Question No. 177 of 30 March 2010, and the legislation which will treat approved minimum retirement funds improperly sold to individuals as approved retirement funds, the cri...More Button

In my reply to the previous question of 30 March 2010 referred to by the Deputy, I said that the Government is aware that individuals who invested some or all of their pension funds in an Approved Min...More Button

Written Answers - Tax Code

Was asked: the VAT implications for a new company that will sell silver coins; if silver coins are exempt from VAT or if the standard rate of VAT applies when sold to collectors or investors; if the Central Ban...More Button

I am advised by the Revenue Commissioners that the only circumstances in which the supply of silver coins is exempt from VAT is where they are supplied for use as legal tender in any country. This is...More Button

Written Answers - Departmental Statistics

Was asked: the national debt as a percentage of GNP each year from 1980 to 2010; the general Government debt each year from 1980 to 2010; and if he will make a statement on the matter. More Button

The national debt as a percentage of GNP for the period from 1980 to 2010 is set out in Table 1 below. Table 1: National Debt as a % of GNP 1980-2010 *2010 figure based on Budget 2010 forecasts. The ...More Button

Written Answers - Flood Relief

Was asked: when the necessary finance will be allocated to Kilkenny County Council to deal effectively with a flooding issue (details supplied) in County Kilkenny; and if he will make a statement on the matter....More Button

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