asked the Minister for Finance how Ireland compares with other EC countries on the proportion of overall tax paid as tax on company profits for each of the last ten years.
Written Answers. - Tax on Company Profits.
113.
The information requested by the Deputy is provided in the following table. In interpreting the information, the Deputy should bear in mind the fact that export sales relief applied on manufacturing profits until 1980, and that companies which benefited from it on that date still retain the benefit until the termination of their span of the relief, subject to an overall termination date of 1990. Since 1981, we have had a uniform 10 per cent rate of corporation tax on manufacturing as an incentive to the setting up and expansion of manufacturing companies (now extended to certain service activities).
Taxes on corporate income as a percentage of total tax revenue.
|
Country |
1975 |
1976 |
1977 |
1978 |
1979 |
1980 |
1981 |
1982 |
1983 |
1984E |
|
Ireland |
4.8 |
4.4 |
4.1 |
5.0 |
5.7 |
4.5 |
5.0 |
4.7 |
3.8 |
3.3 |
|
UK |
6.3 |
5.2 |
6.6 |
7.6 |
7.7 |
7.8 |
9.2 |
9.6 |
10.8 |
11.2 |
|
France |
5.3 |
5.8 |
5.6 |
4.7 |
4.7 |
5.0 |
5.1 |
5.1 |
4.3 |
4.1 |
|
Germany |
4.4 |
4.6 |
5.5 |
5.8 |
6.0 |
5.5 |
5.0 |
5.1 |
5.1 |
5.4 |
|
Italy |
6.3 |
6.7 |
7.0 |
9.2 |
8.3 |
8.1 |
8.7 |
9.1 |
9.3 |
N/A |
|
Netherlands |
7.7 |
7.0 |
6.8 |
6.3 |
5.8 |
6.6 |
7.0 |
6.8 |
6.1 |
5.5 |
|
Belgium |
7.2 |
6.6 |
6.2 |
6.0 |
6.2 |
5.7 |
5.4 |
6.1 |
6.0 |
N/A |
|
Luxembourg |
15.6 |
17.2 |
18.7 |
21.5 |
18.7 |
16.8 |
15.5 |
15.4 |
17.3 |
15.5 |
|
Denmark |
3.1 |
3.8 |
3.1 |
3.1 |
3.1 |
3.2 |
2.8 |
2.6 |
3.0 |
5.4 |
|
Greece |
3.5 |
3.2 |
3.2 |
3.0 |
3.5 |
3.8 |
3.8 |
4.0 |
2.5 |
4.1 |
E: Estimate.
N/A:Not available.
Note:"Total Tax Revenue" includes taxes on income and profits, taxes on goods and services, taxes on capital and property (including rates), social security contributions and payroll taxes.
Source: Revenue Statistics of OECD Member Countries 1965-1984.