Written answers

Thursday, 17 December 2009

6:00 pm

Photo of Ruairi QuinnRuairi Quinn (Dublin South East, Labour)
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Question 72: To ask the Minister for Finance his estimate of the full year impact of a 1% change in the 2% levy on incomes between €15,028 and €75,036; the expected yield from that levy in 2010; and if he will make a statement on the matter. [47872/09]

Photo of Ruairi QuinnRuairi Quinn (Dublin South East, Labour)
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Question 73: To ask the Minister for Finance his estimate of the full year impact of a 1% change in the 4% levy on incomes between €75,036 and €174,980, the expected yield from that levy in 2010; and if he will make a statement on the matter. [47873/09]

Photo of Ruairi QuinnRuairi Quinn (Dublin South East, Labour)
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Question 74: To ask the Minister for Finance his estimate of the full year impact of a 1% change in the 6% levy on incomes over €174,980; the expected yield from that levy in 2010; and if he will make a statement on the matter. [47874/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 72 to 74, inclusive, together.

I am informed by the Revenue Commissioners that the full year yields to the Exchequer, estimated by reference to 2010 incomes, of applying an increase of 1% to each of the current income levy rates of 2%, 4%, and 6% would be approximately €596 million, €48 million, and €43 million respectively. The corresponding yields in 2010 would be of the order of €431 million, €30 million and €22 million respectively. The figures are estimates from the Revenue tax-forecasting model using actual data for the year 2007 adjusted as necessary for income and employment trends for the year 2010. They are therefore provisional and likely to be revised.

Photo of Ruairi QuinnRuairi Quinn (Dublin South East, Labour)
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Question 75: To ask the Minister for Finance his estimate of the full year impact of a 1% change in the 4% health levy rate, the expected yield from that levy on incomes up to €75,036 in 2010; and if he will make a statement on the matter. [47875/09]

Photo of Ruairi QuinnRuairi Quinn (Dublin South East, Labour)
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Question 76: To ask the Minister for Finance his estimate of the full year impact of a 1% change in the 5% health levy rate; the expected yield from that levy on incomes over €75,036 in 2010; and if he will make a statement on the matter. [47876/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 75 and 76 together.

I am informed by the Revenue Commissioners that the full year yield to the Exchequer from applying a 1% change to the 4% health levy rate on incomes up to €75,036 and a 1% change to the 5% health levy rate on incomes over €75,036 is estimated at €462 million and €90 million respectively. The corresponding yield in 2010 would be of the order of €336 million and €52 million respectively. The figures are estimates from the Revenue tax-forecasting model using actual data for the year 2007 adjusted as necessary for income and employment trends for the year 2010. They are therefore provisional and likely to be revised.

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