Dáil Éireann Debate, Thursday - 13 July 2023
283. Deputy Pearse Doherty asked the Minister for Finance the estimated aggregate value of share buybacks in each of the years 2018 to 2022; if the Revenue Commissioners collect such data; and if he will make a statement on the matter. [34897/23]
View answerI am advised that Revenue does not have comprehensive data on share buy-backs as there is no statutory requirement in place for such data to be provided to them. However, based on information provided to Revenue in relation to the stamp duty treatment of such transactions and on publicly available information, Revenue estimates that the aggregate value of share buybacks in each of the years 2018 to 2022 was as follows:
2022 €204 million
2021 €56 million
2020 €6 million
2019 €28 million
2018 €80 million.
The following revised reply was received on 8 December 2023
I am advised that Revenue does not have comprehensive data on share buy-backs as there is no statutory requirement in place for such data to be provided to them. However, based on information provided to Revenue in relation to the stamp duty treatment of such transactions and on publicly available information, Revenue estimates that the aggregate value of share buybacks in each of the years 2018 to 2022 was as follows:
2022 €1,985,300,000
2021 €926,380,000
2020 €175,000,000
2019 €807,100,000
2018 €2,008,000,000
