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Dáil Éireann debate -
Tuesday, 4 Dec 1979

Vol. 317 No. 4

Written Answers. - Cost of Income Tax Changes.

401.

asked the Minister for Finance the amount of money required annually to (a) reduce all rates of income tax by 5p in the £, (b) increase all personal allowances by 15 per cent or (c) increase all personal allowances by 15 per cent and at the same time also increase the width of all income tax bands by 15 per cent.

The estimated current year cost would be as follows: (a) £130 million; (b) £69 million; (c) £110 million.

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