Friday, 6 September 2019

Questions (58)

Richard Boyd Barrett


58. Deputy Richard Boyd Barrett asked the Minister for Finance the estimated amount of revenue generated by applying the financial transactions tax currently applied in a number of EU countries to financial transactions here. [34713/19]

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Written answers (Question to Finance)

I am advised by the Revenue Commissioners that it is not possible to accurately estimate from data held by Revenue the yield of a financial transactions tax.  The Deputy may be interested to note, however, that the yield from the Irish stamp duty of 1% on transactions in shares, stocks and marketable securities was €420.7m in 2018 and €425.3m in 2017.