Catherine Murphy (Kildare North, Independent)
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To ask the Minister for Finance if he will provide figures for the total corporation tax receipts broken down by sector and industry for the years 1990 to date in 2012; if he will provide details of the various rates of corporation tax for the same period; if figures are available for the effective corporation tax take by sector and industry for the past eight years including to date in 2012; if he will outline the projected corporate tax profile by sector and industry by 2015; and if he will make a statement on the matter. [42243/12]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the relevant information on total corporation tax receipts broken down by sector for the years 2007, 2008, 2009 and 2010 are available from the Revenue Statistical Reports which are accessible on the Revenue website at www.Revenue.ie. The information is located in Table TR6, under the main chapter heading of Total Revenue. That table provides a percentage breakdown of the net receipt of PAYE, VAT, Income Tax, Corporation Tax and Capital Gains Tax by trade sector. The corresponding figures for 2011 will be included as soon as possible in the Statistical Report for 2011. Corresponding figures for earlier years and projections for later years are not available on a similar basis.

The information requested by the Deputy of the various rates of corporation tax for the period 1990 to 2012 is shown in the following table:

Note: Where two tax rates are shown for a year it denotes a rate change applying during the year.

I assume that when the Deputy refers to effective corporation tax she is referring to the effective corporation tax rate. In that regard I wish to advise the Deputy that companies operating in Ireland over the past eight years have been chargeable to corporation tax at the 12.5% rate on their trading profits. A higher 25% rate applies in respect of investment, rental and other non-trading profits and profits from certain petroleum, mining or land dealing activities. Companies’ capital gains are effectively chargeable at the capital gains tax rate and the rate was increased:

- from 20% to 22% for disposals on or after 15 October 2008;

- to 25% for disposals on or after 8 April 2009 and

- to 30% for disposals on or after 7 December 2011.

The 10% corporation tax rate for profits from manufacturing expired at the end of 2010 and the 12.5% rate now applies to such profits.

There are different ways of measuring the effective rate of corporation tax depending on the variables that are used. As there is no single internationally agreed comparative measure in place, I am not in a position to provide such a measure for the period referred to by the Deputy. However, I mentioned previously that an effective rate of corporation tax of 11.9% was estimated for Ireland in a Paying Taxes study produced by the World Bank and PricewaterhouseCoopers in 2011 as part of an annual Doing Business report. The study includes a measurement of effective tax rates across 183 countries based on the tax obligations of a standardised company operating in each country and using standard assumptions regarding exemptions, deductions and allowances. Projected corporation tax profiles are not produced at the disaggregated level requested by the Deputy.