Dáil Éireann Debate, Tuesday - 18 December 2012
151. Deputy Ann Phelan asked the Minister for Finance if the tax band was increased from 41% to 42%, the savings this would incur and how sufficient would these savings be; and if he will make a statement on the matter. [56443/12]
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 higher rate of income tax by 1 percentage point would be approximately €193 million. This figure is 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. It is, therefore, provisional and likely to be revised.
