Tommy Broughan (Dublin Bay North, Independent)
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126. To ask the Minister for Finance the estimated yield to the Exchequer from the introduction of a third rate of income tax at 48%, 49% and 50% respectively on incomes of over €100,000; and if he will make a statement on the matter. [35794/17]

Tommy Broughan (Dublin Bay North, Independent)
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133. To ask the Minister for Finance the estimated amount that would be raised in 2018 if the minimum effective tax rate of persons earning in excess of €300,000 per year increased from 30% to 35%; and if he will make a statement on the matter. [35970/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 126 and 133 together.

I am advised by Revenue that the yield to the Exchequer from the introduction of a third rate of income tax on incomes over €100,000 is available in the Ready Reckoner which is published by Revenue and available at .

In relation to the question about minimum effective tax rates, I assume the Deputy is referring to the high earners restriction which limits the use of certain tax reliefs and exemptions (known as “specified reliefs”) by high-income individuals. A comprehensive analysis of the high earners restriction is published on an annual basis. These reports are available on my Department's website, http://www.finance.gov.ie, and on Revenue’s website at . The latest full year for which information is available is 2014 and updates for 2015 will be published in due course.

The Deputy will note from Table 2A on Page 8 of the 2014 Report (), that the average effective rate of income tax, for cases with income in excess of €300,000 per year to which the high earners restriction applies, was already greater than 35%. As the average effective rate already exceeds the higher rate proposed by the Deputy, no additional yield would arise from increasing the rate from 30% to 35%.