Dáil Éireann Debate, Thursday - 11 June 2015
84. Deputy Róisín Shortall asked the Minister for Finance his estimate of the amount of revenue that would be raised for every 0.1% increase, up to a 2% increase, of Stamp Duty added to the rate payable on share transactions. [22882/15]
View answerI am advised by the Revenue Commissioners that the full year yield to the Exchequer for each increase of 0.1% on the current 1% Stamp Duty on share transactions, by reference to the expected 2015 outturn, is estimated to be in the region of an additional €38 million. This is calculated on a straightline basis and the estimated yields from the increases of 0.1% up to 2% as suggested by the Deputy are shown in the table.
|
% Increase |
Additional Revenue €M |
|
0.1 |
38 |
|
0.2 |
76 |
|
0.3 |
114 |
|
0.4 |
152 |
|
0.5 |
190 |
|
0.6 |
228 |
|
0.7 |
266 |
|
0.8 |
304 |
|
0.9 |
342 |
|
1 |
380 |
|
1.1 |
418 |
|
1.2 |
456 |
|
1.3 |
494 |
|
1.4 |
532 |
|
1.5 |
570 |
|
1.6 |
608 |
|
1.7 |
646 |
|
1.8 |
684 |
|
1.9 |
722 |
|
2 |
760 |
