Written answers
Wednesday, 17 May 2023
Department of Finance
Tax Code
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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41. To ask the Minister for Finance the estimated full-year cost of increasing tax bands by 10%; and if he will make a statement on the matter. [23530/23]
Michael McGrath (Cork South Central, Fianna Fail)
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I am advised by Revenue that the estimated costs to the Exchequer, on a first and full year basis, for the proposal outlined by the Deputy of increasing the tax bands by 10% are €810 million and €935 million respectively.
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