Lenihan, Brian Joseph

Tuesday, 23 November 2010

Dáil Éireann Debate
Vol. 722 No. 4

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Question put: “That the proposal for dealing with No. a16, statements on the Eurogroup Finance Ministers’ meeting of Sunday, 21 November 2010, be agreed to.”
Yes IndicatorVoted Yes More Button

Meeting of Ministers for Finance of the Eurogroup: Statements

I welcome the opportunity to provide the House with information on developments regarding the Government’s request for financial assistance and the meetings of the eurogroup and ECOFIN on 21 November ...More Button

It was Deputy Noonan’s party leader who requested me to make a statement on this.More Button

I am responding to Deputy Noonan’s party leader. I am not aware of any particular difficulties; I am making this statement in response to a request by Deputy Noonan’s party leader. I have met this r...More Button

It was not said with venom.More Button

Shame on the Deputy.More Button

I cannot comment on the events. I witnessed them.More Button

There will be an opportunity for questions.More Button

They are not agreed yet.More Button

Wrong location.More Button

It is a decision I never heard of; it is one the Deputy invented.More Button

I said it was a liquidity problem.More Button

They are still here.More Button

It was a teleconference.More Button

We comfort each other in our suffering.More Button

What about corporation tax?More Button

I have no issue with that either, as long as the questioning finishes at 7 p.m.More Button

I can waive my right to a statement.More Button

It was my intention to take them in the first instance. On the European authorities, which are assisted by the IMF in the negotiations, the position, as I understand it, is that it is intended to brie...More Button

The interest rate is a crucial part of the negotiations. Deputy Burton highlighted a very important issue in the negotiations, namely, the period for which the relevant funds will be available, in ot...More Button

Short-term interest tends to be very low.More Button

That is true in the present circumstances. In any event, the considerations that determine the appropriate rate of interest vary enormously depending on whether it is short-term, three year, six year...More Button

I am not entering into the substance of the negotiations on this issue at this stage. I am simply pointing out that in relation to Greece an arrangement was made for three year money which was very d...More Button

In general terms, longer-term money gives greater security. It is also important to bear in mind that Greece was facing an immediate funding wall for what I will describe as the Greek Exchequer. I a...More Button

Correct.More Button

A number of issues were raised. First, Deputy Burton raised the question regarding the funding cliff. I agree with the Deputy that this is a very important question. As I said a few moments ago, at...More Button

No, funnily not. It is just the usual textual tidying up that happens at the conclusion of the drawing up of a document. This remains to be done and I undertake to give the Opposition spokespersons ...More Button

That is a matter for the talks.More Button

It may well, but again the key point——More Button

It is an important point and I can clarify it for the Deputy quickly. It is not the formal letter of intent.More Button

Yes, it is the basis but it is not in itself the formal letter of intent. Deputy Morgan asked about the issue of the contingent character of the funds and Deputy O’Donnell also touched on this point w...More Button

The State could fund itself in any event for the earlier half of next year and could return to the markets during their programme, were there sufficient market confidence, and raise funds for itself. ...More Button

Written Answers - Departmental Expenditure

Was asked: if he will indicate when a company (details supplied) will be paid for work that it completed on building projects commissioned by the Department of Justice, Equality and Law Reform; and if he will m...More Button

Written Answers - Tax Code

Was asked: his plans to proceed with standardising tax relief on private pensions at 33%, as set out previously in the National Pensions Framework; if there is a timeframe for implementing this policy; the way ...More Button

Income tax relief on employee and individual pension contributions is currently allowed at the taxpayer’s marginal income tax rate, that is, at the standard or higher rate of income tax as appropriate...More Button

Written Answers - Pension Provisions

Was asked: if he will provide the reasoning behind the proposed pension scheme for new teachers and public servants in regard to career average, later retirement and CPI linkage in view of the fact that under t...More Button

As I announced in Budget 2010, the Government is committed to the introduction of a new single public service pension scheme for new joiners. The new scheme is aimed at securing considerable long-term...More Button

Written Answers - Flood Relief

Was asked: if he has access to funding from Europe to be administered by local authorities for citizens whose private property including their homes were damaged in recent flooding; and if he will make a statem...More Button

My Department made an application to the EU Commission for funding under the EU Solidarity Fund. A regional application was made as the estimate of the extent of the damage does not meet the Solidarit...More Button

Written Answers - Departmental Properties

Was asked: if he will address a particular matter concerning an Office of Public Works property (details supplied) in County Cork.More Button

Written Answers - Tax Code

Was asked: if he will clarify the capital gains tax treatment of the proceeds from the sale of shares which are an integral part of a farm (details supplied). More Button

I am informed by the Revenue Commissioners that section 598 of the Taxes Consolidation Act 1997 grants relief from Capital Gains Tax on the disposal by an individual of all or part of his or her farmi...More Button

Written Answers - Departmental Staff

Was asked: if he will deal with a matter (details supplied); and if he will make a statement on the matter. More Button

There are no proposals for additional voluntary redundancy plans before Government.More Button

Written Answers - Tax Collection

Was asked: if he will support a matter (details supplied).More Button

The Revenue Commissioners are charged with responsibility for collection and recovery of a wide range of taxes and duties including VAT. Revenue expects businesses, notwithstanding the difficult econo...More Button

Written Answers - Corporate Accountability

Was asked: his views on the overt, and covert, actions of unaccountable but publicly registered finance companies whose actions have led to the undermining of the sovereignty of member countries of the EU in fi...More Button

I understand that the Deputy’s question relates to large, globally active, investment firms. It would not be appropriate for me to comment directly on the Deputy’s concerns as set out in his question...More Button

Written Answers - Tax Code

Was asked: the position regarding discussions in the General Assembly of the UN on a transaction tax; the discussion at UN level and such bilateral discussions at diplomatic level which have taken place on this...More Button

Consideration of how to ensure that the financial sector contributes to the cost of dealing with crises is under way in various fora internationally, including the EU and the UN. The European Council...More Button

Written Answers - Departmental Expenditure

Was asked: the amount of money that has been paid annually since 2002 to registered charities; if he will specify which charities, on the subject of institutional and religious abuse and the way the Government ...More Button

The Scheme of Payments to the Promoters of Certain Charitable Lotteries is paid from the Vote for my Department. The total amount of funding paid to charities under the Scheme was €7.618m in each of t...More Button

Written Answers - Insurance Industry

Was asked: the same area using the same insurance company for home insurance, including flood coverage, the reason, following a flooding incident one family’s policy is renewed and the other family’s policy is ...More Button

The decision about whether to renew cover in any insurance situation is a commercial matter for insurance companies, which is considered on a case by case basis, as this allows the insurance company t...More Button

Written Answers - Pension Provisions

Was asked: the savings that will be made if the proposed pension scheme for new teachers and public servants in regard to career average, later retirement and CPI linkage is introduced. More Button

The savings likely to arise from the proposed new single pension scheme will depend on the final details of that scheme. These are under active consideration in my Department in the context of the pre...More Button

Written Answers - Proposed Legislation

Was asked: if the Construction Contracts Bill will be enacted before Christmas 2010; and if he will make a statement on the matter. More Button

Senator Quinn’s Private Members Construction Contracts Bill 2010 is currently before the Seanad and is expected to proceed to Committee Stage shortly. The Government appreciates that this is an impor...More Button

Written Answers - Tax Code

Was asked: his plans to provide new tax and other incentives aimed at making cultural and educational philanthropy more attractive and to assist job creation. More Button

Section 848A of the Taxes Consolidation Act 1997 (TCA) already provides for a generous scheme of tax relief for donations of money or designated securities to eligible charities and other approved bod...More Button

Written Answers - Departmental Reports

Was asked: if he has received the report of the group set up to review the role and future of the semi-State companies in the Irish economy; when that report will be published; and if he will make a statement o...More Button

I presume that the Deputy is referring to the Review Group on State Assets and Liabilities which I established in July 2010 under the Chairmanship of Mr. Colm McCarthy. I have not yet received the Gro...More Button

Written Answers - Departmental Statistics

Was asked: the number of PAYE employees delineated in €10,000 income brackets and distinguished as between public sector workers and all workers; and if he will make a statement on the matter. More Button

I am informed by the Revenue Commissioners that the latest relevant sector-based information available on employees taxed under the PAYE system is derived from income tax returns filed for the income ...More Button

Written Answers - Tax Code

Was asked: if he will set out the value added tax status of fourth schedule goods; the revenue that could be raised on a 2011 and full year basis by imposing the lower VAT rate or the standard rate on them; and...More Button

It is assumed that the Deputy is referring to intra-Community supplies of services, known as Fourth Schedule Services under the old Fourth Schedule to the VAT Act 1972. The Fourth Schedule listed a n...More Button

Written Answers - Liquor Licensing Laws

Was asked: the number of pubs that have had their licences renewed by the licensing office of the Revenue Commissioners, year-on-year since 2005. More Button

I am advised by the Revenue Commissioners that the information in respect of publicans’ licences issued for 2005 through to 2009 is as set out in the table. The figures for the calendar year 2010 are...More Button

Written Answers - Tax Code

Was asked: if he will reduce the VAT on all energy upgrades and repairs in private homes to 5% in order to generate employment. More Button

EU VAT law, with which Irish VAT law must comply, does not permit reductions in VAT, for environmental or other reasons, that would create a distortion of competition between similar goods or services...More Button

Written Answers - Financial Services Regulation

Was asked: the value of outstanding loans lent by Irish based legal moneylenders as notified to the Financial Regulator in 2008, 2009 and to date in 2010; and if he will make a statement on the matter.More Button

I have been advised by the Central Bank that the information requested by the Deputy is not available as there is no legal requirement on licensed moneylenders to prepare or to submit audited accounts...More Button

Was asked: the levies paid by moneylenders to the Financial Regulator in 2008, 2009 and to date in 2010; and if he will make a statement on the matter. More Button

The Central Bank of Ireland has advised me that in 2008 and 2009, 162,000 euros and 244,000 euros respectively were collected from moneylenders as part of the industry funding levy. The process of ...More Button

Was asked: the number of Irish-based moneylenders registered with the Financial Regulator in 2008, 2009 and 2010; and if he will make a statement on the matter. More Button

The Central Bank of Ireland has advised me that the number of licences granted each year from 2008 to 29 October 2010 is as follows: No. of licensed moneylenders The Deputy might wish to note that mon...More Button

Written Answers - Departmental Transport

Was asked: the full cost to the Office of Public Works of providing a bus to carry OPW staff from Dublin Castle to the new OPW office in Trim since April 2010 to date; all costs associated with the four times ...More Button

Written Answers - Departmental Reports

Was asked: when he will implement the recommendations contained in the final report produced by the mortgage arrears and personal debt group; and if he will make a statement on the matter. More Button

Was asked: if he will outline the new measures to protect homeowners on mortgage arrears contained in the final report of the mortgage arrears and personal debt expert group; and if he will make a statement on...More Button

I propose to take Questions Nos. 141 and 145 together. The Deputies will be aware that the Final Report by the Mortgage Arrears and Personal Debt Group (Group) was submitted to me on Tuesday 16th Nove...More Button

Written Answers - Tax Code

Was asked: if homeowners who trade down their home in order to reduce their debt as recommended in the mortgage arrears and personal debt group’s final report will be subject to the current rates of stamp duty...More Button

Stamp Duty, like all other sources of Government revenue, is a matter for review during the annual budgetary process and the Deputy is aware it is not customary to comment on possible changes in advan...More Button

Written Answers - Insurance Industry

Was asked: if, with reference to the flooding in November 2009 and the situation where householders are no longer able to secure house insurance or flood cover, serious flooding were to occur again, the propos...More Button

As highlighted in the Deputy’s question, an indemnification scheme is one option that has been suggested for households who are unable to obtain flood cover. A key factor in any decision on this matte...More Button

Written Answers - Flood Relief

Was asked: if in view of the economic situation, money allocated by the Office of Public Works for flood alleviation works in the Claregalway, Caherlea, Lisheenavalla and Carnmore areas has been ring-fenced an...More Button


Last Updated: 16/03/2011 16:56:15 First Page Previous Page Page of 250 Next Page Last Page