Oireachtas Joint and Select Committees

Tuesday, 15 July 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Pre-Budget Submissions: Discussion

3:20 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Obviously we table parliamentary questions for the Minister to scope out different options. One of IBEC's proposals is to increase the entry point to the marginal tax rate by €2,000. It claims the gross cost of this would be €240 million per year. I received a reply to a parliamentary question to the Minister which states that an increase for that marginal tax rate by €2,080, which is roughly the same, would cost €312 million. Where has the €72 million gone?

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