Oireachtas Joint and Select Committees
Thursday, 16 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
One of the monetary outcomes during that period was the cyclical taxes and how they rose and the graph that I have up there is actually from the Honohan report. And what you will see there is how cyclical taxes, by the late 1990s, were in around 15% or so, or just maybe a little bit above it.
And by 2006 had rose to 30%. They had doubled in that period of time. So that would be the total tax take of corporation tax, capital gains tax, but in particularly it relates to stamp duties and other cyclical tax measures. Would you consider that to be a proportionate or disproportionate percentage of the tax take in terms of tax balance?
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