Taxes
Sin/Pigouvian Taxes
Theory
Government Ministers
Theory
100

What do the letters CGT stand for?

Capital Gains Tax

100

Plastic Bag Levy

Example of a Pigouvian Tax

100

Organisation responsible for collecting taxes in Ireland?

Revenue Commissioners

100

Who is the Taoiseach?

Leo Varadkar

100

Principle of fairness

Tax levied should be based on an individuals ability to pay.

200

12.5%

Current rate of corporation tax in Ireland?

200

Tax paid on the purchase of petrol and diesel

Excise Duty

200

Salary

A fixed regular payment in return for work

200

Who is the Táiniste?

Micheal Martin

200

What was the Governments highest expenditure?

Social Protection

300

Tax on gifts and inheritance

Capital Acquisitions Tax

300

Why were Pigouvian taxes introduced?

To fund initiatives to reduce the negative impact of products/services on society

300

PPSN stands for

Personal Public Services Number

300

Who is the Minister of Finance?

Michael McGrath

300

Principle of Convenience

There should be a simple process to pay and collect taxes owed is what principle of taxation?

400

What year was the sugar sweetened drinks tax (SSDT) introduced in Ireland

2018

400

Carbon Tax

Pigouvian Tax

400

The costs to collect taxes should be kept to a minimum is what principle of taxation?

Efficiency

400

Minister of Public Expenditure, National Development Plan Delivery

Paschal Donohue

400

A wage

An amount of money paid to a worker based on the number of hours or days worked. It can also be earned on a piecework basis.

500

Tax paid on goods and services purchased from outside the European Union

Customs Duty

500

Principle of Efficiency

The costs to collect taxes should be kept to a minimum

500

People know how much tax they have to pay, when the tax must be paid and how the tax will be collected is what principle of Tax?

Certainty

500

Minister of Enterprise, Trade and Employment

Simon Coveney

500

Commission

A payment received by an employee based on the value of good/services sold, often paid to sales staff.