Finance (No. 2) Bill 2023: Committee Stage
Seanad Éireann — 2023-12-05
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Seán Kyne (FG), Cultural and Educational Panel

It is important to accept that we cannot just not do something because it might create a bit of work for Revenue. If it is worth investigating, it is important that we examine it. It is important to note that 30% of taxpayers pay the higher rate. If the thresholds are retained and not increased consistently, more standard-rate taxpayers will pay at the higher rate even though their income would be quite modest. That is the importance of it. I acknowledge the Minister's work and that of the previous Minister, Deputy Donohoe, on increasing the threshold for the higher rate of tax. I think 30% was suggested. A report was to be done. As my colleague said, I am not sure if that has been highlighted regarding the impact of a 30% tax rate on the tax take and the benefit for those who would pay the higher rate sooner, in particular.
Perhaps the Minister might be able to advise on that.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/seanad/2023-12-05/debate/main
Retrieved: 2026-08-14T04:52:29+00:00
Sitting date: 2023-12-05