Tag Archives: Carbon Tax Yield

This afternoon.

On RTÉ’s News At One

RTÉ Online’s Motoring Editor Donal Byrne told broadcaster Áine Lawlor that motorists can expect a “double whammy” in next week’s budget in terms of the carbon tax.

He said it’s likely the Finance Minister Paschal Donohoe will announce tax increases on new diesel and petrol-run cars.

And he said a €6 per tonne carbon tax increase is also on the cards.

Ireland’s carbon tax – which hasn’t been increased since 2014 – currently stands at €20 per tonne.

Mr Byrne explained:

“When you go to fill your car at the pumps, it’s going to cost you somewhere between €1.20 and €1.60 extra to fill your car.”

But you get to save the world from imminent EXTINCTION.

Which is nice.

Earlier: A Modest Proposal

Rollingnews

Meanwhile…

Catherine Murphy

Yesterday.

Social Democrats co-leader Catherine Murphy asked Minister for Finance Paschal Donohoe  for the following:

‘The amount collected to date in carbon tax; the methods of dispersing the revenue generated from the tax; the purposes for which the revenue collected from the tax has been used for the past five years; and if he will make a statement on the matter?”

In a written answer, Minister Donohoe responded:

‘The total annual net receipts from carbon tax are set out in the following table:

Total Net Receipts:

2010; €223,084,537

2011: €298,231,058

2012: €353,954,210

2013: €388,376,990

2014: €385,361,885

2015: €418,996,237

2016: €430,247,558

2017: €419,603,362

2018: €431,131,923

Total: 3,348,987,760

Carbon tax receipts to end August 2019 were approximately €281,800,000, some €20 million (6.8%) behind forecast. To date the revenue from carbon tax has been remitted to the central fund and therefore used to fund public services.’

Carbon Tax Yield (Oireachtas,ie)