Dáil Éireann Debate, Tuesday - 28 February 2006
125 Mr. Deasy asked the Minister for Finance if he has received any fresh analysis of the tax relief availed of by top earners as revealed by the revenue study of the 400 highest earners; if he will indicate the findings; and if he will make a statement on the matter. [7986/06]
Amharc ar fhreagraThe Revenue Commissioners' study, Effective Tax Rates of the Top 400 Earners: Report for the Tax Year 2001, was published by my Department in March last year. I am informed by the Revenue Commissioners that their report on a study of the effective tax rates of the top 400 earners in 2002 is near completion. This will be published by my Department in due course.
126 Mr. Quinn asked the Minister for Finance his contacts with the European Commission regarding its preliminary opinion that the stallion tax exemption scheme constitutes an aid that was not compatible with the Common Market; if he has received a final opinion from the Commission; and if he will make a statement on the matter. [7866/06]
Amharc ar fhreagraI refer the Deputy to my reply to a similar Parliamentary Question from Deputy Costello on 9 November 2005 which set out the background to this issue with regard to ongoing contacts with the European Commission. With regard to the future of the tax exemption for stallion fees, I announced in my Budget Statement of 7 December 2005 that this provision will be discontinued from 31 July 2008, the same end date as for various property based tax incentive schemes. A new regime appropriate to the industry will be discussed with the European Commission later this year.
