Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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19. To ask the Minister for Finance if he intends to ask the corporate sector to make any extra tax contribution to assist economic recovery, particularly in the area of funding, training, education and employment programmes for young persons; and if he will make a statement on the matter. [49255/13]

Michael Noonan (Limerick City, Fine Gael)
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The corporate sector is already making an important contribution to the recovery of the Irish economy in terms of employment creation which has taken place over the past year. The contribution of this sector to Ireland's economic recovery is also apparent in the form of direct tax receipts which feed into the Exchequer and in turn are paid out again for the services highlighted by the Deputy, such as training, education and employment programmes. The use of State resources in this way is determined by my Ministerial colleagues from their annual budget allocation.

In 2012, the corporate sector directly contributed €4.2bn to the Exchequer in terms of corporation tax receipts. However, the Deputy will already be aware that the corporate sector is also subject to a number of other taxes, including VAT, PRSI and excise, and so the actual tax contribution made is larger than corporation tax alone.

To give an example of steps that this Government has taken to increase the tax contribution from the corporate sector, as I announced on Budget Day I am introducing a stamp duty levy on certain financial institutions, which will operate for a period of three years from 2014-2016 and is expected to yield an additional €150 million per annum.