Michael McGrath
Ceist:228 Deputy Michael McGrath asked the Minister for Finance if he will respond to a query regarding the calculation of income tax liability (details supplied). [48366/09]
Amharc ar fhreagraTuesday, 19 January 2010
Ceisteanna (170, 171)
Freagraí scríofa
The position is that neither income levy nor employee PRSI are allowable deductions in arriving at an individual's taxable income for income tax purposes. However, the public sector pension-related deduction is an allowable deduction in arriving at an individual's taxable income for income tax purposes.
Paul Nicholas Gogarty
Ceist:229 Deputy Paul Gogarty asked the Minister for Finance the reason an increase in general taxation might lead to a reduction in revenues at this point in time; and if he will make a statement on the matter. [48369/09]
Amharc ar fhreagraBudget 2009 and last April's Supplementary Budget introduced measures designed to yield around €3.8 billion in additional revenue in 2009. This was a considerable figure, particularly in the context of falling economic growth. A third set of increases in the tax burden over such a short period would have a negative impact on enterprise and on growth prospects in general for 2010. As I outlined in the Budget 2010 Statement in relation to tax increases, a limit had been reached and job creation would be impacted by further increasing the penalty on work and investment.