Costing Analysis on the Introduction of a Financial Transaction Tax - TD Paul Murphy

[TheJackal]

https://data.oireachtas.ie/ie/oireachtas/parliamentaryBudgetOffice/2025/2025-10-03_costing-analysis-on-the-introduction-of-a-financial-transaction-tax_en.pdf

I randomly came across this doc

This document publicly releases a costing analysis prepared on a confidential basis by the ParliamentaryBudget Office (PBO) upon request from People Before Profit Deputy Paul Murphy. The request involvesestimating the annual yield, from 2026 to 2030, of a tax on the value of financial transactions on stocks,bonds, investment funds, money market funds, security financing and derivatives. The costing alsoaccounts for the abolition of Stamp Duty on purchases of shares or marketable securities in Irish registeredcompanies.

1. Summary of Request

To estimate the yield from a tax on the value of financial transactions on stocks, bonds, investmentfunds, money market funds, security financing and derivatives.

The yield from the tax is estimated based on the following schedule

• a tax of 0.1% on the value of stocks, bonds, investment funds, money market funds and security financing transactions;
• a tax of 0.01% on the value of derivatives traded.

The costing also accounts for the abolition of Stamp Duty on purchases of shares or marketablesecurities in Irish registered companies.

 

[Corola]

Our central estimate indicates a yield of €3,127.9 million in 2026

i.e. €3 billion raised per year