Written answers
Friday, 6 September 2019
Department of Finance
Tax Yield
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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58. To ask the Minister for Finance the estimated amount of revenue generated by applying the financial transactions tax currently applied in a number of EU countries to financial transactions here. [34713/19]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by the Revenue Commissioners that it is not possible to accurately estimate from data held by Revenue the yield of a financial transactions tax. The Deputy may be interested to note, however, that the yield from the Irish stamp duty of 1% on transactions in shares, stocks and marketable securities was €420.7m in 2018 and €425.3m in 2017.
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