Tax Yield

Dáil Éireann Debate, Thursday - 15 November 2012

Thursday, 15 November 2012

Questions (80)

Colm Keaveney

Question:

80. Deputy Colm Keaveney asked the Minister for Finance the revenue that would be raised if a levy of 10% was imposed on all pension payments above €100,000; 12.5% on all such payments over €200,000; 15% on all such payments over €300,000, 20% on all such payments over €400,000, and 25% on all such payments over €500,000; if he will provide a breakdown of the revenues raised by such a measure on pensions paid for from the public purse and on pensions paid from other sources. [50625/12]

Written answers

Minister for Finance

I am advised by the Revenue Commissioners that while social welfare pensions can be separately identified from other sources of income in Revenue statistics, it is not possible to do so in respect of income from other pensions. Consequently there is no complete or reliable basis available to Revenue on which an estimate of the Exchequer yield from the changes mentioned in the question could be compiled.