Written answers
Thursday, 4 July 2024
Department of Finance
Tax Data
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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210. To ask the Minister for Finance the estimated full-year revenue that would be generated by imposing a minimum effective corporate tax rate of 15% on pre-tax gross trading profits before deductions, reliefs and allowances and assuming no behavioural change; and if he will make a statement on the matter. [28773/24]
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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211. To ask the Minister for Finance the estimated full-year revenue that would be generated by imposing a financial transaction tax of 0.1% on shares and securities and 0.01% on derivatives; and if he will make a statement on the matter. [28774/24]
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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212. To ask the Minister for Finance the estimated full-year revenue that would be generated disallowing historic losses (losses forward) as tax deductions for banks and insurance companies; and if he will make a statement on the matter. [28775/24]
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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213. To ask the Minister for Finance the estimated full-year revenue that would be generated by introducing a 4% levy on profits of pharmaceutical companies and private health companies; and if he will make a statement on the matter. [28776/24]
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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221. To ask the Minister for Finance the estimated full-year revenue that would be generated by establishing a new levy of 5% on the profits of all airlines and aircraft leasing companies; and if he will make a statement on the matter. [28786/24]
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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230. To ask the Minister for Finance the estimated full-year revenue that would be generated by establishing a new rate of corporate tax of 50% on the profits of all energy companies; and if he will make a statement on the matter. [28795/24]
Jack Chambers (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 210, 211, 212, 213, 221 and 230 together.
The Department of Finance has opened its pre-budget costings service, this is available with effect from 1 July 2024. The procedures for availing of this service are set out in a letter dated 1 July 2024 from the Secretary General of the Department to all recognised parties and technical groups in Dáil Éireann. To ensure efficiency and fairness all costing requests should be made in this manner, via the standard request format template, instead of the Parliamentary Question system at this time.
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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214. To ask the Minister for Finance the estimated full-year revenue that would be generated by abolishing the SARP; and if he will make a statement on the matter. [28777/24]
Jack Chambers (Dublin West, Fianna Fail)
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The Department of Finance has opened its pre-budget costings service, this is available with effect from 1 July 2024. The procedures for availing of this service are set out in a letter dated 1 July 2024 from the Secretary General of the Department to all recognised parties and technical groups in Dáil Éireann. To ensure efficiency and fairness all costing requests should be made in this manner, via the standard request format template, instead of the Parliamentary Question system at this time.
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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215. To ask the Minister for Finance the estimated full-year revenue that would be generated by establishing four new income tax bands of 50% on earnings between €100,000 and €150,000, 55% on earnings between €150,000 and €200,000, 60% on earnings between €200,000 and €275,000, and 65% on earnings between over €275,000; and if he will make a statement on the matter. [28778/24]
Jack Chambers (Dublin West, Fianna Fail)
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The Department of Finance has opened its pre-budget costings service, this is available with effect from 1 July 2024. The procedures for availing of this service are set out in a letter dated 1 July 2024 from the Secretary General of the Department to all recognised parties and technical groups in Dáil Éireann. To ensure efficiency and fairness all costing requests should be made in this manner, via the standard request format template, instead of the Parliamentary Question system at this time.
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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216. To ask the Minister for Finance the estimated full-year cost of introducing three new bank holidays, including estimating increases in VAT and tax receipts that would increase due to increased activity, tourism and spending on these bank holidays; and if he will make a statement on the matter. [28781/24]
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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227. To ask the Minister for Finance the estimated full-year cost of lost VAT to the Exchequer by introducing price controls that cap petrol/diesel at €1.30 and €1.40 per litre, electricity at €0.25 per kilowatt hour, natural gas at €0.08 per kilowatt hour and oil (kerosene) at €1 per litre; and if he will make a statement on the matter. [28792/24]
Jack Chambers (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 216 and 227 together.
The Department of Finance has opened its pre-budget costings service with effect from 1 July 2024. The procedures for availing of this service are set out in a letter dated 1 July 2024 from the Secretary General of the Department to all recognised parties and technical groups in Dáil Éireann. To ensure efficiency and fairness all costing requests should be made in this manner, via the standard request format template, instead of the Parliamentary Question system at this time.
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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217. To ask the Minister for Finance the number of property owners paying LPT on one property, two properties, three properties, four properties, between five and ten, between ten and 20, between 20 and 50 between 50 and 100 and 100 or more, excluding local authorities and AHDs; and if he will make a statement on the matter. [28782/24]
Jack Chambers (Dublin West, Fianna Fail)
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I am advised by Revenue that the distribution of liable residential property owners, as indicated in respect of Local Property Tax records for the valuation period 2022-2025, is set out in the table below. This breakdown of property owners reflects those with an LPT liability and excludes Local Authority, Approved Housing Bodies and exempt properties. These figures are provisional and subject to change.
Ownership Count | Number of Property Owners |
---|---|
1 | 1,307,009 |
2 | 124,241 |
3 | 27,467 |
4 | 10,100 |
5 to 10 | 11,495 |
11 to 20 | 1,799 |
21 to 50 | 666 |
51 to 100 | 192 |
>100 | 153 |
Total | 1,483,122 |
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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218. To ask the Minister for Finance the estimated full-year cost of abolishing the LPT and introducing a tax on NPPRs as follows: single NPPR - €1,000; ten or less NPPRs - €1,500 per property; 11 or more NPPR’s - €2,500 per property; and if he will make a statement on the matter. [28783/24]
Jack Chambers (Dublin West, Fianna Fail)
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The Department of Finance has opened its pre-budget costings service, this is available with effect from 1 July 2024. The procedures for availing of this service are set out in a letter dated 1 July 2024 from the Secretary General of the Department to all recognised parties and technical groups in Dáil Éireann. To ensure efficiency and fairness all costing requests should be made in this manner, via the standard request format template, instead of the Parliamentary Question system at this time.
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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219. To ask the Minister for Finance the estimated full-year revenue that would be generated by introducing a levy of 33% on commercial aviation fuel; and if he will make a statement on the matter. [28784/24]
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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220. To ask the Minister for Finance the estimated full-year revenue that would be generated if Ireland imposed the European Commission’s proposed tax on aviation fuel in Budget 2023 and where that tax would be imposed on all flights including executive and corporate flights; and if he will make a statement on the matter. [28785/24]
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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233. To ask the Minister for Finance the estimated full-year cost of reversing the 2023 carbon tax increase and postponing the 2024 increase; and if he will make a statement on the matter. [28798/24]
Jack Chambers (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 219, 220 and 233 together.
The Department of Finance has opened its pre-budget costings service, this is available with effect from 1 July 2024. The procedures for availing of this service are set out in a letter dated 1 July 2024 from the Secretary General of the Department to all recognised parties and technical groups in Dáil Éireann. To ensure efficiency and fairness all costing requests should be made in this manner, via the standard request format template, instead of the Parliamentary Question system at this time.
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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222. To ask the Minister for Finance the estimated full-year revenue that would be generated by increasing the zoned land tax to 25% of market value of the land, and where the levy will also be imposed if the planning permission is not commenced within 12 months of its granting or where the development is not completed within 36 months of the planning permission being granted; and if he will make a statement on the matter. [28787/24]
Jack Chambers (Dublin West, Fianna Fail)
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The Department of Finance has opened its pre-budget costings service. This is available with effect from 1 July 2024. The procedures for availing of this service are set out in a letter dated 1 July 2024 from the Secretary General of the Department to all recognised parties and technical groups in Dáil Éireann. To ensure efficiency and fairness all costing requests should be made in this manner, via the standard request format template, instead of the Parliamentary Question system at this time.
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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223. To ask the Minister for Finance the estimated full-year revenue that would be generated by establishing a 10% levy on vacant or derelict residential property, as per the number of vacant properties identified in the recent census, but where properties tied up in probate, the fair deal scheme or holiday homes are excluded; and if he will make a statement on the matter. [28788/24]
Jack Chambers (Dublin West, Fianna Fail)
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According to the preliminary Census figures released in June 2022, 166,752 vacant dwellings were recorded in Census 2022. The preliminary information also provided a breakdown by reason, this is available at:
www.cso.ie/en/releasesandpublications/ep/p-cpr/censusofpopulation2022-preliminaryresults/housing/
It should be noted that the Census measure of vacancy is a point in time indicator taken on Census night as to whether the property was inhabited or not on Sunday 3 April 2022, and is not intended to be a measure of long term vacancy or that these properties are available for re-use. A dwelling is classed as vacant by Census enumerators if it is unoccupied on Census night, is not used as a holiday home and is not usually inhabited by occupants who are temporarily absent at the time of census. Dwellings under construction and derelict properties are also not included in the Census count of vacant dwellings. The Census information does not include information on the valuation of properties.
Therefore, my Department or Revenue do not have the necessary information to calculate an estimate of the revenue effects sought by the Deputy.
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