Darren O'Rourke (Meath East, Sinn Fein)
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482. To ask the Minister for Employment Affairs and Social Protection the estimated additional revenue that would be generated if the higher rate of the employer social insurance contributions rose by 2%, from 11.05% to 13.05%, on earnings in excess of €140,000 per year. [43880/21]

Heather Humphreys (Cavan-Monaghan, Fine Gael)
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The estimated additional revenue that would be generated if the higher rate of the employer social insurance contribution rose by 2% from 11.05% to 13.05% on the portion of earnings in excess of €140,000 per year would be approximately €72 million per annum.

This estimate does not take into account any possible changes in employer behaviour arising from increasing the employer social insurance contribution rate. Nor does it take into consideration any of the impacts arising from the measures being taken to deal with the COVID-19 pandemic.

I trust this clarifies the matter for the Deputy.