Pearse Doherty
Question:100. Deputy Pearse Doherty asked the Minister for Finance the revenue that would be generated for the Exchequer through increasing the capital acquisitions tax rate to 34%, 35%, 36% 37%. 38%, 39%. [29517/15]
View answerWednesday, 15 July 2015
Questions (100, 101, 102)
Pearse Doherty
Question:101. Deputy Pearse Doherty asked the Minister for Finance the revenue that would be generated through reducing the exempt portion of the capital acquisitions tax business relief to 80%, 70%. [29518/15]
View answerPearse Doherty
Question:102. Deputy Pearse Doherty asked the Minister for Finance the revenue that would be generated through reducing the exempt portion of the capital acquisitions tax agricultural relief to 80%, 70%. [29519/15]
View answerWritten answers
I propose to take Questions Nos. 100 to 102, inclusive, together.
In relation to the first question, I am advised by the Revenue Commissioners that data relating to the estimated yields for each 1% increase in the Capital Acquisitions Tax rate are available on the Revenue website at http://www.revenue.ie/en/about/statistics/index.html. Specifically, the information which the Deputy seeks can be found in the CAT Ready Reckoner available from http://www.revenue.ie/en/about/statistics/ready-reckoners.pdf.
In relation to the other questions, I am advised that the estimated yields from reducing the CAT agricultural relief and CAT business relief are also available from the Revenue Commissioners' Ready Reckoner at http://www.revenue.ie/en/about/statistics/ready-reckoners.pdf.
These estimates do not attempt to model behavioural effects of the policy changes.