Written answers
Tuesday, 23 June 2015
Department of Finance
Tax Code
Michael McGrath (Cork South Central, Fianna Fail)
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234. To ask the Minister for Finance in relation to the comment (details supplied) in the Tax Strategy Group Paper 14/05, if the relevant costings have been received from the Revenue Commissioners; and if he will make a statement on the matter. [24617/15]
Michael Noonan (Limerick City, Fine Gael)
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I can confirm that the costings referred to have been received from the Revenue Commissioners.
I am informed by Revenue that, on a yield costing basis, there could be an overall net loss of about €18m associated with the change, and that the loss could be significantly larger than this. There would also be significant administrative issues and costs associated with such measures.
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