Minister’s Brief

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3.1 Economic and Fiscal Directorate Description: The Economic and Fiscal Directorate is made up of a number of Divisions/Offices/Units. The day-to-day management of these Divisions/Units fall under the Secretary General. The Divisions and their core responsibilities are set out in the following paragraphs. The Economic and Fiscal Directorate comprises of: Economic Division John McCarthy Assistant Secretary Tax Policy Division Gary Tobin Assistant Secretary EU & International Division Nicholas O’Brien Assistant Secretary Corporate Affairs Nicholas O’Brien Assistant Secretary Facilities Management Unit Gary Tobin Assistant Secretary Human Resources Division Niall O’Ceallaigh Principal Officer Page 12 of 184
3.1.2 Economic Division Description: This Division is responsible for macroeconomic analysis, forecasting and budgetary policy. It is also responsible for developing strategies for the Irish economy and inputting to the development of sectoral and other policies that affect the economy. It undertakes research and provides advice on the impact of taxation policies. This Division also deals with overall budgetary policy, including coordinating the budgetary process within the European Semester, fiscal forecasting, monitoring budget performance, analysing the impact of policy on Government finances and liaising with the Irish Fiscal Advisory Council. The Division has responsibility for advising on and implementing the fiscal rules (the Stability and Growth Pact). Finally, the Division is the Department’s primary interface with the OECD. Chief Economist/Assistant Secretary - John McCarthy Page 13 of 184
Page 1 and 2: Minister’s Brief 2016 s Page 1 of
Page 3 and 4: 3.2.1.1 Policies on Mortgage Arrear
Page 5 and 6: 1. Introduction For the purposes of
Page 7 and 8: 2.1 Economic and Fiscal Directorate
Page 9 and 10: 2.2 Finance and Banking Directorate
Page 11: 3. Detailed Briefing Page 11 of 184
Page 15 and 16: Detail: Economic Outlook Pr
Page 17 and 18: 3.1.2.2 Microeconomic analysis unde
Page 19 and 20: changes in the relevant tax base) a
Page 21 and 22: 3.1.2.3 Economic coordination inclu
Page 23 and 24: 3.1.2.4 Budgetary/fiscal policy, go
Page 25 and 26: Assessment of compliance with SGP o
Page 27 and 28: was a deviation from the fiscal rul
Page 29 and 30: tax, followed by personal income ta
Page 31 and 32: Tax Strategy Group - What Does It D
Page 33 and 34: Detail: Income Tax Policy Income Ta
Page 35 and 36: Credit in 2014 - that credit was of
Page 37 and 38: INCOME TAX INCENTIVES Agri-Taxation
Page 39 and 40: Marine taxation In Budget 2016, a r
Page 41 and 42: Detail: Indirect Tax Policy Tax Hea
Page 43 and 44: outcomes, then it was proportionate
Page 45 and 46: More fundamental threats to tobacco
Page 47 and 48: 3.1.3.4 Finance Bill co-ordination,
Page 49 and 50: ise in both equity markets and prop
Page 51 and 52: Tax Head 2007 (€m) 2013 (€m) 20
Page 53 and 54: 3.1.3.5 International taxations, co
Page 56 and 57: fully in line with the new OECD req
Page 58 and 59: 3.1.5.1 EU Economic Governance issu
Page 60 and 61: At EU level, the Governance section
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3.1.5.2 EU-IMF Post Programme Monit
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2. EU Funding Mechanisms/ Programme
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Detail: The EU Strategy Unit manage
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3.1.5.4 International Relations Uni
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3.1.5.5 Permanent Representation of
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3.2 Finance and Banking Directorate
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3.2.1.1 Policies on Mortgage Arrear
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available is €1.8 million. Initia
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3.2.1.2 Policies on Central Bank po
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deemed necessary, it may be prefera
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Detail: Key Initiatives to achieve
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5. Majority of credit requests cont
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3.2.2 Financial Services Division D
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A further group is reviewing the re
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financing would be available to cov
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o Cumulative impact of financial le
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3.2.2.2 National and EU policy and
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Securities The draft EU Prospectus
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In addition a full view of the fina
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"packaging", wrapping or bundling t
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3.2.3 Shareholding Management Unit
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3.2.3.1 State’s Banking Investmen
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3.2.3.2 State’s shareholding in A
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sheet continues to contract, albeit
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3.2.3.4 NAMA Specialist - Declan Re
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Detail: NAMA Background As part of
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3.2.3.5 IBRC (in special liquidatio
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In February 2013 the Irish Bank Res
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3.2.3.6 State’s shareholding in P
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PTSB’s return to profitability ha
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Credit Union Restructuring Board (R
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3.2.3.8 Management of all legal mat
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3.2.4.1 Risk and Financial Stabilit
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• development and maintenance of
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epresented and an Industry Advisory
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3.2.4.1 Management of FoI and PQ pr
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3.2.4.1 Liaison with the Attorney G
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3.2.4.2 Management of the Accountan
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Future Developments The vote accoun
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3.2.5 International Financial Insti
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Key Points: International Monetary
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with the delegation led by Second S
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assistance to the developing world.
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In addition to capital contribution
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would be the Minister for Finance o
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3.3 Corporate Page 165 of 184
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supported by OPW and a number of ex
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3.3.2. Corporate Affairs Descriptio
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member, the Department has a Busine
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ability of both electronic files an
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3.3.3. Human Resources Division Des
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Detail: 1. Organisational Structure
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effectively to improve and deliver
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The Department is currently reviewi
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Erosion of income tax base did not
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Minister’s Brief

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