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
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:
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)