Eoin Ryan
Question:300 Mr. Eoin Ryan asked the Minister for Finance the amount of revenue generated from the Irish Financial Services Centre annually since its inception. [14724/06]
View answerTuesday, 25 April 2006
Questions (254)
Written answers
I am informed by the Revenue Commissioners that figures of the estimated corporation tax paid in the years 1989 to 2005 inclusive by the Irish Financial Services Centre are shown in the following table. The figures for 2004 and 2005 include corporation tax yield from IFSC companies whose activities were previously taxable at 10%, now taxable at the standard rate of corporation tax. Other tax remitted by the IFSC, such as PAYE, DIRT on deposit interest and stamp duties on credit cards, ATM cards and cheques, are not included in the figures given, since the tax liability is not on the institutions themselves.
|
Year |
Estimated corporation tax yield from the Irish Financial Services Centre |
|
€ million |
|
|
1989 |
4.7 |
|
1990 |
28.4 |
|
1991 |
59.1 |
|
1992 |
98.5 |
|
1993 |
172.6 |
|
1994 |
263.5 |
|
1995 |
159.0 |
|
1996 |
286.2 |
|
1997 |
332.9 |
|
1998 |
359.0 |
|
1999 |
546.5 |
|
2000 |
478.1 |
|
2001 |
606.8 |
|
2002 |
704.9 |
|
2003 |
618.4 |
|
2004 |
699.0 |
|
2005 |
823.5 |