# €100 million potential for Irish charities

- Link: https://fundraising.co.uk/2006/10/17/e100-million-potential-irish-charities/
- Published: 2006-10-17T23:00:00+01:00
- Author: Howard Lake

**The Irish government is looking at a proposal that would allow credit card holders
to redirect €100 million in credit card tax to charitable causes. The proposal has
been backed by over 100 charities and, crucially, some banks.**

Irish consumers currently pay €40 stamp duty on their credit cards and the proposal
would see people redirecting it to charities and sports organisations. The tax is
collected annually so in theory the €100 million would be a yearly total.

The campaign is being led by a former KPMG accountant, David Burke. The Department
of Finance, while voicing concern about setting a precedent, has expressed ‘interest
in the proposal’, which are usually code words for support or at least neutrality.

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The ultimate decision will be made by the Minister for Finance as to whether the
proposal will be in the forthcoming budget but it comes at a time when Ireland’s
finances are in very good shape. The banks are thought to be in favour because they
dislike the tax as much as the consumer.

 * **[€100 million potential windfall for charities](https://fundraising.co.uk/2007/07/31/e100-million-potential-windfall-charities/)(
   31 July 2007)**

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