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Dáil Éireann debate -
Thursday, 24 Mar 1988

Vol. 379 No. 5

Written Answers. - Tax Rates.

43.

asked the Minister for Finance the estimated cost to the Exchequer in 1988 of a reduction in the level of income tax rates as follows (a) for each 1 per cent at the 58 per cent band, (b) for each 1 per cent at the 48 per cent band, and (c) for each 1 per cent at the 35 per cent band.

Assuming the enactment of this year's budget proposals the costs in 1988, estimated by reference to the period 6 April 1988 to 31 December 1988, arising from the changes referred to in the question are as follows:

Changes in rates of income tax

Estimated cost to the Exchequer (1988)

£ million

(Provisional)

35% — reduction of one percentage point to 34%

27

48% — reduction of one percentage point to 47%

5

58% — reduction of one percentage point to 57%

5

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