Dáil Éireann Debate, Tuesday - 24 November 2009
153 Deputy Joan Burton asked the Minister for Finance the expected revenue from corporation tax for 2009 and for 2010; the revenue from corporation tax for 2008; the proportion of these totals expected to be paid by the top 25 multinational companies based here and the top 50 multinational companies based here too; and if he will make a statement on the matter. [42632/09]
Amharc ar fhreagraCorporation tax revenue in 2008 totalled €5.1 billion. The Supplementary Budget published last April forecast that corporation tax receipts would total approximately €3.7 billion in 2009 and €3.8 billion in 2010. At the end of October 2009, €2.8 billion in corporation tax receipts had been collected, which was €255 million ahead of target.
November is a key month for tax revenue, in particular for corporation tax receipts. The end-November Exchequer Returns will be published on 2 December. The White Paper on Receipts and Expenditure will be published on 5 December and will provide an estimated end-year outturn and pre-Budget tax forecasts for 2010. Post-Budget tax forecasts for 2010 will be published on Budget day on 9 December. I am informed by the Revenue Commissioners that statistics on the amount of corporation tax paid by multinational corporations are not separately available. However the yield in the calendar year 2008 from the largest payers of corporation tax, many of which are multinational corporations, is as follows:
|
Estimated corporation tax yield In 2008 |
|
|
€m |
|
|
Top 25 Corporation Tax Payers |
1,536.0 |
|
Top 50 Corporation Tax Payers |
2,127.5 |
The figures included in the table are the amounts of corporation tax paid in 2008 by the top 25 and top 50 individual companies that paid the most corporation tax in the year and does not include payments from any other related company within a corporation or company group. Estimates of the prospective yield to the Exchequer on a similar basis in 2009 and 2010 are not available.
154 Deputy Joan Burton asked the Minister for Finance the proportion of income tax paid by public sector employees for 2007, 2008 and forecast for 2009; and if he will make a statement on the matter. [42633/09]
Amharc ar fhreagraI am informed by the Revenue Commissioners that the estimated proportion of the total PAYE yield paid by public sector employees was 28% in 2007 and 29% in 2008. The corresponding proportions of total income tax are 21% for 2007 and 22% for 2008.
The sector identifier used on the tax records is based on the 4-digit NACE code (Rev. 1), which is an internationally recognised economic activity code system. The information provided in relation to public sector employees is based on activities which are classified in the NACE code system as Public Administration and Defence; Compulsory Social Security, Education and Health and Social work but excluding the categories of Driving School Activities, Dental Practice Activities and Veterinary Activities as being more appropriate to the private sector. Estimates of the prospective yield to the Exchequer in 2009 are not yet available.
155 Deputy Joan Burton asked the Minister for Finance the proportion of income tax paid by employees of multinational companies based in Ireland for 2007, 2008 and forecast for 2009; and if he will make a statement on the matter. [42634/09]
Amharc ar fhreagraI am informed by the Revenue Commissioners that the information requested is not readily available and either could not be obtained or could not be obtained without conducting a protracted examination of the Revenue Commissioners' records.
