Ruth Coppinger
Ceist:219. Deputy Ruth Coppinger asked the Minister for Finance the estimated amount that could be raised by increasing capital gains tax to 40%. [34528/17]
Amharc ar fhreagraThursday, 13 July 2017
Ceisteanna (219)
Freagraí scríofa
I am advised by Revenue that the full year yield to the Exchequer from increasing the capital gains tax rate from 33% to 40% could be in the region of €207 million. This figure includes the gain from increasing the tax rate on corporate gains. This estimate assumes no behavioural changes on the part of taxpayers, and increases in rates may have a significant behavioural impact and may not produce a corresponding increase in tax yield.