asked the Minister for Finance if he will state the estimated annual loss to the Exchequer from a reduction of sixpence in the current rate of income-tax.
Ceisteanna—Questions. Oral Answers. - Reduction in Income-Tax: Estimated Annual Loss.
asked the Minister for Finance if he will state the approximate cost of reducing the standard rate of income-tax by 6d. with proportionate reductions in the reduced rates of tax.
I propose, with the permission of the Ceann Comhairle, to take Questions Nos. 14 and 15 together. The cost of reducing the standard rate of income-tax by 6d. in the £, with proportionate reductions in the reduced rates of income-tax, is estimated at, approximately, £1,600,000 in a full year.