Michael McGrath
Ceist:70. Deputy Michael McGrath asked the Minister for Finance the consultations underway by his Department and the Central Bank of Ireland; and if he will make a statement on the matter. [2027/15]
Amharc ar fhreagraThursday, 15 January 2015
Ceisteanna (70)
Freagraí scríofa
There is currently one public consultation open by my Department - the Knowledge Development Box Consultation Paper.
In line with the commitment contained in the Road Map for Ireland's Tax Competitiveness, which was published as part of Budget 2015, my Department launched a public consultation on the introduction of a new corporation tax incentive the Knowledge Development Box - on 14 January 2014. Interested parties are invited to submit their views on how the Knowledge Development Box should be designed to ensure that it meets the key objective of being the most competitive in class, within the agreed international parameters for fair tax competition in this area. The consultation will run for 12 weeks from 14 January 2015 until 8 April 2015.
Further details on this public consultation can be viewed in the consultation document which is available in the "Publications" section on my Department's website at the following link: http://www.finance.gov.ie/publications. The website also includes details of prior public consultations which have been closed for submissions.
In relation to the Central Bank, I have been informed by the Central Bank that the following is a list of public consultations currently active (accepting submissions):
- Review of the Code of Conduct for Business Lending to Small and Medium Enterprises
- Consultation on the Supervision of Non-financial Counterparties under EMIR
- Consultation on National Specific Templates for Insurers and Reinsurers under Solvency II
- Consultation on Regulations for Credit Unions on commencement of the remaining sections of the 2012 Act
I have been further informed by the Central Bank of the following public consultations which have been closed for submissions but the outcomes have not yet been published.
Macro-prudential policy for residential mortgage lending
Consultation on Fund Management Company Effectiveness-Delegate Oversight.
A list of active and closed Central Bank consultations can be found in the "Consultation Papers" section of the Central Bank website at the following link: http://www.centralbank.ie/regulation/poldocs/consultation-papers/Pages/default.aspx.