Written answers
Tuesday, 6 October 2009
Department of Finance
Tax Yield
9:00 pm
Joan Burton (Dublin West, Labour)
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Question 298: To ask the Minister for Finance the amount of tax revenue which would be raised on a 2010 and full year basis by reducing the threshold for application of the minimum effective tax rate for those availing of specified tax reliefs from its current level of €500,000 to €250,000, €200,000 to €150,000, €125,000 to €100,000, €90,000 to €80,000 and €75,000; if he will estimate the amount of tax revenue which would be raised on a 2010 and full year basis at each of the thresholds above if the minimum effective tax rate was from its current 20% to 21%, 22%, 23%, 24%, 25%, 26%, 27%, 28% 29% and 30%. [33766/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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It is assumed that the Deputy is referring to the restriction of reliefs measure relating to higher income earners announced in budget 2006, which took effect on 1 January 2007.
It is estimated by the Revenue Commissioners that reducing the existing threshold of €250,000 by the stated amounts, assuming double the stated amounts as the appropriate marginal relief limit and applying the stated tax rates to both the existing and altered thresholds, would result in the following full year yields to the Exchequer.
These estimates are based on personal income tax data for 2007, the latest year for which the relevant information is available.
| Existing and new tax rates% | Existing and new thresholds & marginal relief limits€ | Full year yield€m |
| 20 | 250,000 — 500,000 | No change |
| 200,000 — 400,000 | 2.8 | |
| 150,000 — 300,000 | 6.3 | |
| 125,000 — 250,000 | 8.7 | |
| 100,000 — 200,000 | 11.2 | |
| 90,000 — 180,000 | 12.3 | |
| 80,000 — 160,000 | 13.3 | |
| 75,000 — 150,000 | 13.8 | |
| 21 | 250,000 — 500,000 | 2.7 |
| 200,000 — 400,000 | 5.8 | |
| 150,000 — 300,000 | 9.7 | |
| 125,000 — 250,000 | 12.4 | |
| 100,000 — 200,000 | 15.3 | |
| 90,000 — 180,000 | 16.7 | |
| 80,000 — 160,000 | 17.9 | |
| 75,000 — 150,000 | 18.5 | |
| 22 | 250,000 — 500,000 | 5.6 |
| 200,000 — 400,000 | 9.0 | |
| 150,000 — 300,000 | 13.3 | |
| 125,000 — 250,000 | 16.4 | |
| 100,000 — 200,000 | 19.8 | |
| 90,000 — 180,000 | 21.4 | |
| 80,000 — 160,000 | 22.8 | |
| 75,000 — 150,000 | 23.6 | |
| 23 | 250,000 — 500,000 | 8.7 |
| 200,000 — 400,000 | 12.4 | |
| 150,000 — 300,000 | 17.2 | |
| 125,000 — 250,000 | 20.7 | |
| 100,000 — 200,000 | 24.6 | |
| 90,000 — 180,000 | 26.4 | |
| 80,000 — 160,000 | 28.1 | |
| 75,000 — 150,000 | 29.0 | |
| 24 | 250,000 — 500,000 | 12.0 |
| 200,000 — 400,000 | 16.2 | |
| 150,000 — 300,000 | 21.5 | |
| 125,000 — 250,000 | 25.3 | |
| 100,000 — 200,000 | 29.8 | |
| 90,000 — 180,000 | 31.9 | |
| 80,000 — 160,000 | 33.9 | |
| 75,000 — 150,000 | 34.9 | |
| 25 | 250,000 — 500,000 | 15.5 |
| 200,000 — 400,000 | 20.0 | |
| 150,000 — 300,000 | 25.9 | |
| 125,000 — 250,000 | 30.3 | |
| 100,000 — 200,000 | 35.3 | |
| 90,000 — 180,000 | 37.7 | |
| 80,000 — 160,000 | 39.9 | |
| 75,000 — 150,000 | 41.1 | |
| 26 | 250,000 — 500,000 | 19.2 |
| 200,000 — 400,000 | 24.2 | |
| 150,000 — 300,000 | 30.7 | |
| 125,000 — 250,000 | 35.5 | |
| 100,000 — 200,000 | 41.1 | |
| 90,000 — 180,000 | 43.9 | |
| 80,000 — 160,000 | 46.5 | |
| 75,000 — 150,000 | 47.8 | |
| 27 | 250,000 — 500,000 | 23.1 |
| 200,000 — 400,000 | 28.6 | |
| 150,000 — 300,000 | 35.8 | |
| 125,000 — 250,000 | 41.1 | |
| 100,000 — 200,000 | 47.4 | |
| 90,000 — 180,000 | 50.4 | |
| 80,000 — 160,000 | 53.4 | |
| 75,000 — 150,000 | 54.9 | |
| 28 | 250,000 — 500,000 | 27.1 |
| 200,000 — 400,000 | 33.2 | |
| 150,000 — 300,000 | 41.2 | |
| 125,000 — 250,000 | 47.0 | |
| 100,000 — 200,000 | 54.2 | |
| 90,000 — 180,000 | 57.4 | |
| 80,000 — 160,000 | 60.8 | |
| 75,000 — 150,000 | 62.5 | |
| 29 | 250,000 — 500,000 | 31.5 |
| 200,000 — 400,000 | 38.1 | |
| 150,000 — 300,000 | 46.9 | |
| 125,000 — 250,000 | 53.4 | |
| 100,000 — 200,000 | 61.3 | |
| 90,000 — 180,000 | 64.9 | |
| 80,000 — 160,000 | 68.7 | |
| 75,000 — 150,000 | 70.7 | |
| 30 | 250,000 — 500,000 | 36.1 |
| 200,000 — 400,000 | 43.4 | |
| 150,000 — 300,000 | 53.1 | |
| 125,000 — 250,000 | 60.3 | |
| 100,000 — 200,000 | 69.0 | |
| 90,000 — 180,000 | 73.0 | |
| 80,000 — 160,000 | 77.3 | |
| 75,000 — 150,000 | 79.6 |
These figures are downward revisions of figures previously provided, which is due to new historical information becoming available in the interim.
Joan Burton (Dublin West, Labour)
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Question 299: To ask the Minister for Finance the amount of tax revenue which would be raised on a 2010 and full year basis by subjecting all social welfare payments to taxation in view of the relevant recommendation set out in the Commission on Taxation report 2009. [33770/09]
Joan Burton (Dublin West, Labour)
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Question 300: To ask the Minister for Finance the amount of tax revenue which would be raised on a 2010 and full year basis by abolishing the remittance basis of taxation for income tax and capital gains tax in view of the relevant recommendation set out in the Commission on Taxation report 2009. [33771/09]
Joan Burton (Dublin West, Labour)
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Question 301: To ask the Minister for Finance the amount of tax revenue which would be raised on a 2010 and full year basis by abolishing the rule that allows an individual, who makes a gift of property to the State, to be regarded as neither resident nor ordinarily resident here, notwithstanding being present here for significant periods in view of the relevant recommendation set out in the Commission on Taxation report 2009. [33772/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 299 to 301, inclusive, together.
I am informed that, where available, costings of the various recommendations made by the Commission have been provided in its report. The estimates are generally to be found adjacent to the specific recommendation concerned. In the case of tax expenditures they are presented in a tabular form at the beginning of each relevant section of Part 5 of the report. I am informed by the Revenue Commissioners that they provided extensive technical assistance and support to the Commission in the preparation of these costings. In a number of cases no costing has been provided because there was no data available upon which a reasonable estimate could be based. I am similarly not in a position to provide the Deputy with those costs.
Joan Burton (Dublin West, Labour)
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Question 302: To ask the Minister for Finance the amount of tax revenue which would be raised on a 2010 and full year basis by introducing a property tax on land zoned for development of €1,000 per acre, per annum in view of the relevant recommendation set out in the Commission on Taxation report 2009. [33773/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed that, where available, costings of the various recommendations made by the Commission have been provided in its report. The estimates are generally to be found adjacent to the specific recommendation concerned. In the case of tax expenditures they are presented in a tabular form at the beginning of each relevant section of Part 6 of the report. I am informed by the Revenue Commissioners that they provided extensive technical assistance and support to the Commission in the preparation of these costings. In a number of cases no costing has been provided because there was no data available upon which a reasonable estimate could be based. I am similarly not in a position to provide the Deputy with those costs.
Joan Burton (Dublin West, Labour)
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Question 303: To ask the Minister for Finance the Exchequer cost on a 2010 and full year basis of permitting persons who are made unemployed to offset the retraining costs they incur on certified training courses against income for the previous six years in view of the relevant recommendation set out in the Commission on Taxation report 2009. [33774/09]
Joan Burton (Dublin West, Labour)
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Question 304: To ask the Minister for Finance the amount of tax revenue which would be raised on a 2010 and full year basis by discontinuing the partial reintroduction of the remittance basis in the Finance (No. 2) Act 2008 in view of the relevant recommendation set out in the Commission on Taxation report 2009. [33775/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 303 and 304 together.
I am informed that, where available, costings of the various recommendations made by the Commission have been provided in its report. The estimates are generally to be found adjacent to the specific recommendation concerned. In the case of tax expenditures they are presented in a tabular form at the beginning of each relevant section of Part 7 of the report. I am informed by the Revenue Commissioners that they provided extensive technical assistance and support to the Commission in the preparation of these costings. In a number of cases no costing has been provided because there was no data available upon which a reasonable estimate could be based. I am similarly not in a position to provide the Deputy with those costs.
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