Minister Noonan will attend PAC
Statement by the Minister for Finance
“I have today decided to accept the invitation of the Committee of Public Accounts to assist the Committee in its examination of the C&AG’s Special Report on the National Asset Management Agency’s sale of Project Eagle.
19.09.16Minister Eoghan Murphy in Asia to promote Ireland’s Financial Services and the 2017 European Financial Forum
Minister of State for Financial Services, Mr Eoghan Murphy TD, today (19-Sept-2016) departs to advance Irish official and trade links across Asia.
His seven day programme will include launching the 'IFS Ireland' brand* in the global financial centres of Singapore, Shanghai and Tokyo - a key action of the Government's IFS 2020 International Financial Services Strategy.
Today, the National Treasury Management Agency held a pre-scheduled bond auction of €1 Billion in 10 year bonds. Total bids received today amounted to €2.452 billion which was 2.45 times the amount on offer. The Treasury Bond, which has a maturity of ten years, was sold at an annualised yield of 0.33%.
Minister Noonan proposes to amend Section 110 to protect tax base
The Minister for Finance, Michael Noonan T.D., today published a proposed amendment to Section 110 of the Taxes Consolidation Act 1997. Section 110 of the Taxes Consolidation Act 1997 sets out the regime for the taxation of special purpose companies set up to securitise assets.
02.09.16Statement by the Minister for Finance on the Government Decision to appeal the Apple State aid decision
Statement by the Minister for Finance on the Government Decision to appeal the Apple State aid decision
The Minister for Finance, Michael Noonan T.D. today announced that the Government has decided to appeal the decision of the European Commission on the Apple State aid case.
- End-August 2016 saw the Exchequer record a deficit of €329 million as compared to a deficit of €1,291 million in the same period last year.
- This €962 million year-on-year improvement in the Exchequer balance is driven primarily by a year-on-year increase in tax revenue, albeit partially offset by increased voted expenditure and reduced non-tax revenue.
Minister Noonan disagrees profoundly with Commission on Apple
What has happened?
The European Commission has today issued a negative decision in the Apple State aid case.
Ireland has been instructed by the European Commission to recover up to €13bn of alleged state aid from the company covering a ten year period.