Dáil debates

Thursday, 25 October 2018

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions

Tax Avoidance

10:35 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

Any input I get from the Revenue Commissioners in relation to anti-avoidance rules or anything that needs to be done to deal with tax evasion on an individual or a systemic basis I act on.

The policies that we have in place now, I believe, are effective and proportionate. The reason for this belief is backed up by the figures on those, for example, earning more than €400,000. In this example, the 2016 report in this area shows that 149 high income individuals, with an adjusted income of €400,000 or more paid an effective average tax rate of 30.1%. When I include the universal social charge in this, the average tax rate they paid was 40.9%. Anybody over that level of income face a rate of tax that is proportionate to the income that they have. Those who have more should pay more. The tax code that we have in place delivers that.

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