Minister’s Brief

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Detail: The EU Strategy Unit manages the Department’s engagement at a number of key EU Council formations and Committees primarily the Eurogroup and Ecofin (Ministerial level). The Unit also coordinates the briefing for the Department’s delegates (official level) to the Economic and Financial Committee (which prepares ministerial meetings) and the European Council. Eurogroup and ECOFIN meet every month, except August. At ECOFIN level there are nine formal Councils (7 in Brussels with June and October being in Luxembourg) and two Informal Meetings in April and September based in the Member State that holds the rotating six monthly EU Presidency). The Eurogroup meets formally on eleven occasions during the calendar year. There are also special meetings called, as needed, to deal with specific issues such as the consideration of the Draft Budgetary Plans of Eurozone Members (usually in October/November) and specific country issues. Last year, there a number of special meetings held to discuss the situation in Greece. Presently, the Netherlands hold the role of EU President (to be followed by Slovakia for the second half of the year). Their economics and finance priorities are: - Promoting structural reforms through a stronger European Semester; - Taking steps towards the completion of the banking and capital market unions; - Tackling tax evasion, avoidance and fraud; - Simplifying and improving the EU budget system; - Strengthening EMU governance At Eurogroup the focus is on issues affecting specific countries, structural reforms and the economic situation within the Eurozone. The President of Eurogroup is Mr Jeroen Dijsslelbloem the Netherland’s Finance Minister who until end-June will also be in charge of the ECOFIN Council. On behalf of the Minister, briefing on the monthly ECOFIN agenda items is provided to the Joint Committee on Finance and Public Expenditure and Reform. In addition the Minister is invited to attend the Committee on a quarterly basis, to discuss matters pertaining to the ECOFIN agenda. Reports are submitted to the Minister with an update on progress on all EU legislative initiatives. Information Notes on EU proposals are submitted by the Unit on behalf of the Minister to the Oireachtas for consideration especially on issues of subsidiarity. The Unit produces six monthly reports on EU Developments which are submitted to the Oireachtas on behalf of the Minister and formally published on the Oireachtas and Departmental website. The Unit also prepares material for the Minister for engagement with the Cabinet Sub- Committee on EU Affairs. Page 66 of 184
The Unit also acts as first point of contact for EU Enlargement Matters and Trade Agreements (including Trans-Atlantic Trade and Investment Partnership and REFIT 2 ) where departmental issues may arise. 2 REFIT is the European Commission's Regulatory Fitness and Performance programme. Action is taken to make EU law simpler and to reduce regulatory costs, thus contributing to a clear, stable and predictable regulatory framework supporting growth and jobs. Page 67 of 184
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Minister’s Brief 2016 s Page 1 of
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3.2.1.1 Policies on Mortgage Arrear
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1. Introduction For the purposes of
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2.1 Economic and Fiscal Directorate
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2.2 Finance and Banking Directorate
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3. Detailed Briefing Page 11 of 184
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3.1.2 Economic Division Description
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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
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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
Page 62 and 63: 3.1.5.2 EU-IMF Post Programme Monit
Page 64 and 65: 2. EU Funding Mechanisms/ Programme
Page 68 and 69: 3.1.5.4 International Relations Uni
Page 70 and 71: 3.1.5.5 Permanent Representation of
Page 72 and 73: 3.2 Finance and Banking Directorate
Page 74 and 75: 3.2.1.1 Policies on Mortgage Arrear
Page 76 and 77: available is €1.8 million. Initia
Page 78 and 79: 3.2.1.2 Policies on Central Bank po
Page 81: deemed necessary, it may be prefera
Page 84 and 85: Detail: Key Initiatives to achieve
Page 86 and 87: 5. Majority of credit requests cont
Page 88 and 89: 3.2.2 Financial Services Division D
Page 90: A further group is reviewing the re
Page 93 and 94: financing would be available to cov
Page 95 and 96: o Cumulative impact of financial le
Page 97 and 98: 3.2.2.2 National and EU policy and
Page 99 and 100: Securities The draft EU Prospectus
Page 101 and 102: In addition a full view of the fina
Page 103 and 104: "packaging", wrapping or bundling t
Page 105 and 106: 3.2.3 Shareholding Management Unit
Page 107 and 108: 3.2.3.1 State’s Banking Investmen
Page 110 and 111: 3.2.3.2 State’s shareholding in A
Page 112: 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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