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Dáil Éireann díospóireacht -
Tuesday, 12 Nov 1991

Vol. 412 No. 5

Written Answers. - Tax Benefit Curtailment.

Michael Finucane

Ceist:

73 Mr. Finucane asked the Minister for Finance if he will outline the exemptions, shelters, allowances and concessionary tax rates which the Government consider should be systematically curtailed in their proposed overhaul of the tax code, as stated in page 4 of the Review of the Programme for Government 1989-1993; and if he will outline the estimated yield to the Exchequer from the curtailment of each exemption, shelter allowance and concessionary tax rate.

The proposed overhaul of the entire tax code set out in the Review of the Programme for Government is to be undertaken in the context of the Government's firm intention to endeavour to achieve the objectives of a standard income tax rate of 25 per cent with a single higher rate of 44 per cent in the next two budgets, and in the course of those two budgets to begin working towards a considerable widening of the standard income tax band and increasing the personal allowances. The question of which exemptions, shelters, allowances and concessionary tax rates should be curtailed is a matter for consideration by the Government in a budgetary context.

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