Caoimhghín Ó Caoláin
Question:167. Deputy Caoimhghín Ó Caoláin asked the Minister for Finance the revenue that would be generated by the introduction of a 1% income levy on all gross income. [17750/15]
View answerWednesday, 6 May 2015
Questions (167)
Written answers
I am advised by the Revenue Commissioners that a 1% income levy on all gross income would generate an estimated revenue of €925 million.
These figures are estimates from the Revenue tax forecasting model using latest actual data for the year 2012, adjusted as necessary for income, self-employment and employment trends in the interim. They are estimated by reference to 2015 incomes and are provisional and may be revised.