Wednesday, 4 July 2012
Department of Finance
I am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to 2012 incomes, of increasing the higher rate of income tax by 1 percentage point would be approximately €205 million. This figure is estimated from the Revenue tax-forecasting model using actual data for the year 2009 adjusted as necessary for income and employment trends in the interim. It is, therefore, provisional and likely to be revised.