Tag Archives: earnings

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New figures from the Central Statistics Office, released this morning, say the sector which has seen the largest percentage increase in average weekly earnings in the year to Q2 2014, is that of the construction sector. 

It has risen 6% from €698.27 to €739.96.

The Arts, Entertainment, Recreation and Other Service Activities sector saw the largest percentage decrease, -5.3%, from €500.42 to €474.13.

Earnings and Labour Costs Quarterly (Central Statistics Office)

An analysis carried out by the Revenue on the 2010 tax year shows the average effective tax paid by the highest earners increased from 5 per cent in 2006 to its stated target of 30 per cent four years later.

It meant this group of 387 individuals earning more than €400,000 paid an additional €53 million in tax in 2010, almost double the amount of tax they would have paid that year had the new restrictions not been in place.

Six years ago, analysis by the Revenue of the tax returns of the 400 highest earning individuals showed a substantial majority were paying zero tax or tax of 10 per cent or less.

 

2006. *sigh* Good times.

High earners paying more tax as reliefs cut (Harry McGee, Irish Times)

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