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Dáil Éireann debate -
Tuesday, 11 Nov 1986

Vol. 369 No. 8

Written Answers. - DIRT Yield.

32.

asked the Minister for Finance the total yield of revenue from DIRT; if it is proposed to continue this tax in view of the very serious outflow of funds from this country; and if he will make a statement on the matter.

The gross amount of retention tax collected to date is £137.1 million. I have no evidence that the introduction of the retention tax has had any significant effect on capital outflows. Any charges to the tax are a matter for consideration in a budgetary context.

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