Dáil Éireann Debate, Wednesday - 26 September 2012
58. Deputy Billy Timmins asked the Minister for Finance the addition in tax that would be collected by an increase of 2% on the top rate of tax and the addition of tax that would be collected by an increase of 2% on the bottom rate of tax; and if he will make a statement on the matter. [40948/12]
View answerI am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to 2013 incomes, of increasing the standard rate and higher rates of income tax by 2 % would be approximately €923 million and €385 million respectively. The figures are estimated from the Revenue tax-forecasting model using actual data for the year 2010 adjusted as necessary for income and employment trends in the interim. They are, therefore, provisional and likely to be revised.
