This morning Revenue published our Annual Report for 2017. The report contains lots of information on Revenue’s activities and outputs last year that contributed to the collection of €50.8 billion in net receipts for the Exchequer, as well as delivering on service to support compliance, the implementation of customs controls and facilitation of trade.
Also published today are a series of research papers that may interest readers of this blog:
Updated Corporation Tax research profiles tax payments received in 2017 as well as analysis of 2016 tax returns. This includes significant new analysis of multinational companies in Ireland.
An analysis of Income Dynamics and Mobility based on Revenue micro data. This examines the distribution of incomes by decile and percentile as well as tracking mobility of income earners over time.
Profiles of Excise Duty and Capital Taxes receipts. Excise, Capital Acquisitions Tax , Stamp Duty, Capital Gains Tax and Local Property Tax cover wide ranging activities, transactions and products. The profiles document these in detail and show changes in core components in recent years. For the first time, information on capital taxes are combined together with location and earnings data to present new perspectives on the taxes.
Revenue’s latest customer survey, of small to medium sized enterprises in 2017, is Revenue’s fourth SME survey. Responses show that customer satisfaction with Revenue service remains high across a range of headings. The survey also includes a behavioural experiment to test the impact of personalisation on response rates.
Also published is the annual illegal tobacco survey results for 2017 and the first quarterly Local Property Tax statistics for 2018.
The presentation of the 2017 Miriam Hederman O’Brien prize awarded by the Foundation for Fiscal Studies will take place on the Monday 2nd October from 8:00 -9:30am in the Grafton Suite, The Westbury Hotel, Dublin 2.
The aim of the prize is to recognise outstanding original work from new contributors in the area of Irish fiscal policy, to promote the study and discussion of matters relating to fiscal, economic and social policy and to reward those who demonstrate exceptional research promise. The prize forms an important part of the Foundation’s overall objective of promoting more widely the study and discussion of matters relating to fiscal, economic and social policy.
The shortlisted papers are shown here and past winners here.
There will be tea / coffee from 8.00 as well as an opportunity to view stands promoting some of the work and applications nominated for the Award.
The event is free but please register in advance to firstname.lastname@example.org.
The Irish Government Economic and Evaluation Service (IGEES) is hiring graduate economists / evaluators.
Details on the Public Appointments Service website: https://www.publicjobs.ie/publicjobs/campaignAdvert/61531.htm
Readers may have seen that the Low Pay Commission recently published their report Recommendations on the National Minimum Wage for 2018.
Perhaps of most interest to readers of this blog are the detailed appendices, which include a study by Revenue and Irish Government Economic & Evaluation Service (IGEES) economists Seán Kennedy, Brian Stanley and Gerry McGuinness of the low pay sectors based on tax return microdata. This paper is also separately available here.
The paper examines the incomes and mobility of taxpayers and the profitability of employers in Ireland using Revenue’s tax record data. The distributional and mobility analysis of low income taxpayers is based on a longitudinal dataset, which follows approximately 100,000 taxpayers for 4 years from 2011 to 2014. These taxpayers are stratified random sample drawn from the entire population of 2.1 million tax units on Revenue records. While analysis of incomes in Ireland and internationally is often based on a snapshot at a moment in time, the longitudinal nature of this dataset allows measurement of income mobility over time.
Some of the key findings are as follows:
- One in three taxpayers are low paid, defined as those earning below two-thirds of median income.
- The highest proportions of low paid taxpayers are in the wholesale & retail trade (23 per cent) and accommodation & food (19 per cent) sectors.
- Five low pay sectors are identified, having median incomes that are substantially below the median income for all sectors. They include accommodation & food service activities, wholesale & retail trade and administrative & support service activities. Slightly over one third of employments are in low pay sectors.
- Low pay sectors have the highest proportions of the youngest taxpayers. Two in five taxpayers are aged 24 and under in the accommodation & food sector.
- In the low pay sectors, males earn slightly more than females while in the other sectors females earn more. The sectors with the highest ratio of males to females are construction, transport and agriculture (7.5, 2.9 and 2.8 times respectively).
- In Dublin, median incomes in low pay sectors incomes are 7 per cent higher than those outside Dublin (compared to 9 per cent higher in the other sectors).
Based on an analysis of income mobility, lower paid taxpayers working in low paid sectors have a higher chance of increasing their incomes in future years relative to others within the same sector. For example, in the accommodation & food sector almost half moved upwards from the bottom quintile between 2013 and 2014.
The Irish Government Economic & Evaluation Service (IGEES) recently published a summary of papers and other outputs by IGEES economists. This showcases the papers that have been published on the IGEES website from January to December of 2016. While this is not an exhaustive list of the work that IGEES staff undertake, it does show the varied and detailed work that IGEES staff carryout throughout the year.
The summary is available here.
Revenue today published our Annual Report for 2016. The report itself contains a lot of interesting material on our activities and outputs last year. In addition, we have published research reports on Corporation Tax returns for 2015 and payments in 2016, the oil market in Ireland, our latest illicit tobacco survey results and a summary of lessons from the application of behavioural economics in Revenue. We have also updated our regular statistics on Local Property Tax.