The Minister for Finance, Michael Noonan T.D., notes today's announcement by Allied Irish Banks plc regarding the resignation of Mr David Duffy as Group Chief Executive and Director to pursue a career opportunity overseas.
In line with the commitment contained in the Road Map for Ireland’s Tax Competitiveness, which was published as part of Budget 2015, the Department of Finance today launched a public consultation on the introduction of a new corporation tax incentive – the Knowledge Development Box (KDB).
12.01.15Goldman Sachs International appointed as financial advisors for capital restructuring and other related matters in relation to State investment in AIB
09.01.15Government approves publication of the Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015
- The Consumer Protection (Regulation of Credit Servicing Firms) Bill protects consumers whose loans are sold to unregulated entities
- Credit servicing firms will require authorisation from the Central Bank and will be regulated by the Central Bank
07.01.15Minister for Finance, Michael Noonan, T.D. welcomes highly successful bond sale at record low interest levels
- €4 billion in 7 year bond raised by the NTMA through syndicated bond sale
- Record low yield of 0.867% highlights direct benefit of the Government policy to restore economic and financial stability to Ireland
- Asian markets re-opening to Ireland with strong take up by Asian central banks in sale
07.01.15Members of the Disabled Drivers and Disabled Passengers Scheme to be transferred to a fuel grant scheme from 1 January 2015.
- Members of the Disabled Drivers and Disabled Passengers Scheme should claim any outstanding excise relief on fuel used up to 31 December 2014.
- Members of the Scheme will be eligible, from 1 January 2015, for a fuel grant which will be paid 12 months in arrears.
- No member of the Scheme will lose out by these changes
End 2014 Exchequer Statement shows public finances under control in 2014
18.12.14NTMA complete early repayment of €9 billion in IMF Loans saving over €150m in interest payments in 2015 and Minister Noonan establishes new NTMA Board
- Early repayment of €9 billion of IMF loans completed – Saving of over €150m in interest payments in 2015 and €750m over the lifetime of the loans - Payment represents almost 40% of Ireland’s €22.5 billion IMF loan facility.
- Minister Noonan announces establishment of new board of NTMA streamlining the corporate governance structures at the NTMA.
Issue 8 of the series has been published.
The Minister for Finance, Michael Noonan T.D. has today (16th of December) announced that Mr Niall Cody is to be appointed as the new Chairman of the Revenue Commissioners. The announcement is being made due to Ms Josephine Feehily’s impending retirement as Chairperson of the Revenue Commissioners. Mr Cody will take up his position on 1 February 2015.