Written answers
Thursday, 11 June 2015
Department of Finance
Tax Yield
Róisín Shortall (Dublin North West, Independent)
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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]
Michael Noonan (Limerick City, Fine Gael)
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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.
% Increase | Additional Revenue €M |
---|---|
0.1 | 38 |
0.2 | 76 |
0.3 | 114 |
0.4 | 152 |
0.5 | 190 |
0.6 | 228 |
0.7 | 266 |
0.8 | 304 |
0.9 | 342 |
1 | 380 |
1.1 | 418 |
1.2 | 456 |
1.3 | 494 |
1.4 | 532 |
1.5 | 570 |
1.6 | 608 |
1.7 | 646 |
1.8 | 684 |
1.9 | 722 |
2 | 760 |
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