John Walsh: Our corporate tax revenues are safe for now, but that won’t be the case forever

The fiscal watchdog has warned the government against repeating the mistakes of the past – but global legislative actions could also cause problems for our economy

Minister for Finance Michael McGrath with Minister for Public Expenditure Paschal Donohoe at the release of the recent Summer Economic Statement. Picture: Sasko Lazarov/

Is Ireland spending beyond its means, and could government revenues collapse with disastrous consequences? Is Ireland a tax haven?

The reality is that the much-vexed issue of Ireland’s tax status will have a significant bearing on the sustainability of the national finances.

The Irish Fiscal Advisory Council (Ifac), the watchdog set up in the wake of the last economic crisis, sounded the warning last weekend that the government is in danger of repeating the mistakes ...