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Financial Resolution No. 7: Income Tax

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Financial Resolution No. 7: Income Tax

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Financial Resolution No. 7: Income Tax

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Snippet Contents:

I thank the Minister for his comments. I wish to ask a few questions to clarify the position. First, why is there not any anticipated yield from this measure? The Minister said it is to prevent persons using these accounts to avoid paying DIRT and as a consequence, why is there not any yield from it?
On the overall issue of increasing DIRT to 41%, could the Minister clarify whether that it is a matter that will be dealt with in the finance Bill? An associated issue is PRSI on unearned income which was announced in last year's budget. Will that also apply to deposit interest earned, which is separate to DIRT? Could the Minister confirm that the change does not in any way affect the various State savings products?