Leo Varadkar (Dublin West, Fine Gael)
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Question 66: To ask the Tánaiste and Minister for Finance the estimated cost of honouring the Government's commitment to reduce the higher rate of income tax to 40%; and if he will make a statement on the matter. [13801/08]

Brian Cowen (Laois-Offaly, Fianna Fail)
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I am informed by the Revenue Commissioners that the full year cost to the Exchequer, estimated by reference to 2008 incomes, of reducing the higher rate of income tax from 41% to 40% would be of the order of €268 million. This figure is provisional and subject to revision.