181 Deputy Seán Connick asked the Minister for Finance if his attention has been drawn to the fact that the motor industry in Germany is reporting a 21% year on year increase in new car sales in February, despite Germany being in recession and having an unemployment rate in excess of 8%, due to the introduction of a stimulus package for the industry which pays consumers €2,500 to replace a car at least nine years old with a new car; the amount a similar package would cost the Exchequer if it yielded similar increases in new car sales here; the amount it would yield in extra tax revenue; his views on introducing a similar package in the forthcoming budget as a means of reviving the motor industry here; and if he will make a statement on the matter. [11055/09]

Summary

181 Deputy Seán Connick asked the Minister for Finance if his attention has been drawn to the fact that the motor industry in Germany is reporting a 21% year on year increase in new car sales in February, despite Germany being in recession and having an unemployment rate in excess of 8%, due to the introduction of a stimulus package for the industry which pays consumers €2,500 to replace a car at least nine years old with a new car; the amount a similar package would cost the Exchequer if it yielded similar increases in new car sales here; the amount it would yield in extra tax revenue; his views on introducing a similar package in the forthcoming budget as a means of reviving the motor industry here; and if he will make a statement on the matter. [11055/09]

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• Tax Code.

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