Written answers

Wednesday, 15 July 2015

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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99. To ask the Minister for Finance the revenue that would be generated for the Exchequer through increasing the capital gains tax rate to 34%, 35%, 36% 37%. 38%, 39%. [29516/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that a wide range of statistical information is available on the Commissioners' new, enhanced, Statistics webpage:

.

In relation to the Deputy's questions, detailed information on potential yields from increasing the rate of Capital Gains tax can be found in the post-Budget 2015 Ready Reckoner: . While the Ready Reckoner does not show all of the specific costings requested by the Deputy, changes can be estimated broadly on a pro-rata basis with those displayed in the Reckoner.

These estimates do not attempt to model behavioural effects of a policy change.

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