Written answers

Tuesday, 2 November 2010

9:00 pm

Photo of Charles FlanaganCharles Flanagan (Laois-Offaly, Fine Gael)
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Question 201: To ask the Minister for Finance the amount of revenue raised in stamp duty each year since the year 2000 in tabular form; and if he will make a statement on the matter. [40209/10]

Photo of Charles FlanaganCharles Flanagan (Laois-Offaly, Fine Gael)
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Question 202: To ask the Minister for Finance the amount of revenue raised in capital acquisitions tax since the year 2000 in tabular form; and if he will make a statement on the matter. [40210/10]

Photo of Charles FlanaganCharles Flanagan (Laois-Offaly, Fine Gael)
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Question 203: To ask the Minister for Finance the amount of revenue raised in capital gains tax since the year 2000 in tabular form; and if he will make a statement on the matter. [40211/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 201 to 203, inclusive, together.

The information requested by the Deputy is set out in the accompanying table. The yield from these three tax-heads increased steadily during the first half of the decade, to peak at a combined amount of just under €7.2 billion in 2006. However, this figure had fallen to just €1.7 billion in 2009, a decline of over 75 per cent. Between their peak in 2007 and 2009, total tax revenues fell by approximately 30 per cent. Consequently, a significant gap has emerged between revenues and expenditures. The Government has already taken very significant action to tackle this shortfall but further efforts will be required and the Four-Year Plan for Budgets and Economic Growth, which will be published later this month, will set out the measures necessary for us to reach our target of a General Government deficit of 3 per cent of GDP by end-2014.

End-Sept
Tax Revenue20002001200220032004200520062007200820092010
(€ millions)
Capital Gains Tax7738806271,4431,5161,9603,1003,1051,430542127
Capital Acquisitions Tax222169151214190249353392332254164
Stamp Duties1,1071,2271,1671,6882,0882,7253,7173,1861,651930708

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