Written answers
Thursday, 13 July 2023
Department of Finance
Tax Data
Pearse Doherty (Donegal, Sinn Fein)
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283. To ask the Minister for Finance the estimated aggregate value of share buybacks in each of the years 2018 to 2022; if the Revenue Commissioners collect such data; and if he will make a statement on the matter. [34897/23]
Michael McGrath (Cork South Central, Fianna Fail)
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I am advised that Revenue does not have comprehensive data on share buy-backs as there is no statutory requirement in place for such data to be provided to them. However, based on information provided to Revenue in relation to the stamp duty treatment of such transactions and on publicly available information, Revenue estimates that the aggregate value of share buybacks in each of the years 2018 to 2022 was as follows:
2022€204 million
2021€56 million
2020€6 million
2019€28 million
2018€80 million.
Pearse Doherty (Donegal, Sinn Fein)
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284. To ask the Minister for Finance the estimated revenue raised by the vacant homes tax in 2023 and 2024; and if it is in the revenue base for 2024 as per the Summer Economic Statement. [34898/23]
Michael McGrath (Cork South Central, Fianna Fail)
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At the time of Budget 2023, the Vacant Homes Tax was estimated to raise approximately €3 million per year. As this is a permanent measure it is considered to be part of the tax base.
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