Pearse Doherty
Question:85. Deputy Pearse Doherty asked the Minister for Finance the estimated cost of introducing a 30% tax rate for income on share dividends. [29775/18]
View answerThursday, 5 July 2018
Questions (85)
Written answers
It is assumed that the Deputy is referring to introducing a 30% tax rate on dividend income from Irish resident companies to replace all Income Tax, USC and PRSI currently collected.
I am advised by Revenue that based on tax returns for 2016 and the yield from Dividend Withholding Tax for the same year, a tentative estimate of the tax gain from a final liability flat tax rate of 30% on dividend income could be in the region of €95 million.
This estimate is based on an assumption of no behavioural change.
Question No. 86 answered with Question No. 84.