Ann Phelan (Carlow-Kilkenny, Labour)
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To ask the Minister for Finance if the tax band was increased from 41% to 42%, the savings this would incur and how sufficient would these savings be; and if he will make a statement on the matter. [56443/12]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to 2013 incomes, of increasing the higher rate of income tax by 1 percentage point would be approximately €193 million. This figure is estimated from the Revenue tax-forecasting model using actual data for the year 2010 adjusted as necessary for income and employment trends in the interim. It is, therefore, provisional and likely to be revised.