Pearse Doherty (Donegal, Sinn Fein)
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194. To ask the Minister for Finance the estimated loss of revenue from abolishing the universal social charge in full. [21225/18]

Paschal Donohoe (Dublin Central, Fine Gael)
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The loss to the Exchequer from abolishing USC would depend upon a number of factors, inter alia, the year in which it would end, labour market developments, and so on.

In 2018, the Universal Social Charge (USC) is projected to raise approximately €3.7 billion in Exchequer receipts terms. This represents approximately 17% of total expected income tax receipts and approximately 6% of the total expected tax receipts for 2018 based on Budget 2018 projections.