Written answers
Tuesday, 2 November 2010
Department of Finance
Tax Yield
9:00 pm
Charles Flanagan (Laois-Offaly, Fine Gael)
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Question 201: To ask the Minister for Finance the amount of revenue raised in stamp duty each year since the year 2000 in tabular form; and if he will make a statement on the matter. [40209/10]
Charles Flanagan (Laois-Offaly, Fine Gael)
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Question 202: To ask the Minister for Finance the amount of revenue raised in capital acquisitions tax since the year 2000 in tabular form; and if he will make a statement on the matter. [40210/10]
Charles Flanagan (Laois-Offaly, Fine Gael)
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Question 203: To ask the Minister for Finance the amount of revenue raised in capital gains tax since the year 2000 in tabular form; and if he will make a statement on the matter. [40211/10]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 201 to 203, inclusive, together.
The information requested by the Deputy is set out in the accompanying table. The yield from these three tax-heads increased steadily during the first half of the decade, to peak at a combined amount of just under €7.2 billion in 2006. However, this figure had fallen to just €1.7 billion in 2009, a decline of over 75 per cent. Between their peak in 2007 and 2009, total tax revenues fell by approximately 30 per cent. Consequently, a significant gap has emerged between revenues and expenditures. The Government has already taken very significant action to tackle this shortfall but further efforts will be required and the Four-Year Plan for Budgets and Economic Growth, which will be published later this month, will set out the measures necessary for us to reach our target of a General Government deficit of 3 per cent of GDP by end-2014.
End-Sept | |||||||||||
Tax Revenue | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 |
(€ millions) | |||||||||||
Capital Gains Tax | 773 | 880 | 627 | 1,443 | 1,516 | 1,960 | 3,100 | 3,105 | 1,430 | 542 | 127 |
Capital Acquisitions Tax | 222 | 169 | 151 | 214 | 190 | 249 | 353 | 392 | 332 | 254 | 164 |
Stamp Duties | 1,107 | 1,227 | 1,167 | 1,688 | 2,088 | 2,725 | 3,717 | 3,186 | 1,651 | 930 | 708 |
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