Written answers

Thursday, 11 June 2015

Photo of Róisín ShortallRóisín Shortall (Dublin North West, Independent)
Link to this: Individually | In context | Oireachtas source

84. To ask the Minister for Finance his estimate of the amount of revenue that would be raised for every 0.1% increase, up to a 2% increase, of Stamp Duty added to the rate payable on share transactions. [22882/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I am advised by the Revenue Commissioners that the full year yield to the Exchequer for each increase of 0.1% on the current 1% Stamp Duty on share transactions, by reference to the expected 2015 outturn, is estimated to be in the region of an additional €38 million.  This is calculated on a straightline basis and the estimated yields from the increases of 0.1% up to 2% as suggested by the Deputy are shown in the table.

% IncreaseAdditional Revenue €M
0.138
0.276
0.3114
0.4152
0.5190
0.6228
0.7266
0.8304
0.9342
1380
1.1418
1.2456
1.3494
1.4532
1.5570
1.6608
1.7646
1.8684
1.9722
2760

Comments

No comments

Log in or join to post a public comment.