Written answers
Wednesday, 29 June 2011
Department of Finance
Tax Code
9:00 pm
Pearse Doherty (Donegal South West, Sinn Fein)
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Question 67: To ask the Minister for Finance the savings that would accrue to the State from the introduction of a 45% charge levied on all public sector incomes above €100,000 per annum, with the charge being applied to every euro above the first €100,000 earned. [17678/11]
Pearse Doherty (Donegal South West, Sinn Fein)
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Question 68: To ask the Minister for Finance the savings that would accrue to the State from the introduction of a 45% charge levied on all public sector incomes above €100,000 per annum, with the charge being applied to every euro above the first €100,000 earned.
Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 67 and 68 together.
The estimated full year savings through the application of a 40% and 45% charge on all earnings above €100,000 of Public Servants would be some €105m and €120m respectively. The estimate takes account of the reductions in pay arising from the Financial Emergency Measures in the Public Interest (No. 2) Act, 2009, but does not take account of any offsetting reductions in taxes and levies. The estimate does not include staff of commercial State -sponsored bodies since the Minister for Finance is not responsible for setting the rate of pay for employees in the commercial state sector.
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