Simon Harris (Wicklow, Fine Gael)
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I am happy to do so. I do not have the figure in respect of an income of €1 million but I am sure we can work it out. If someone was earning €0.5 million under the enhanced the SARP, the one we are debating now, they would end up paying an effective rate of tax of 39.48%. If they were not availing of SARP, they would end up paying a tax rate of 49.68%. A person earning €800,000 availing of SARP would pay a tax rate of 39.67% and a person on that income not availing of SARP would pay a tax rate of 50.55%. A person earning €1.5 million availing of SARP would pay a tax rate of 39.83% and a person on that income not availing of SARP would pay a tax rate of 51.23%. I must bring the Deputy back to the point that we are comparing apples and oranges here because these people are not necessarily people who are in Ireland and the Government is saying to them that it will give them a tax break. Rather, these are people we are trying to attract in and incentivise to come to the country. I argue that the country would be net beneficiaries from the tax they would pay that otherwise would not be paid here.