Thursday January 23, 2020

We can’t afford to keep getting corporation tax estimates wrong

Employing prudent economic management and providing a stable environment for foreign investors is key to ensuring that the recent high corporation tax receipts become the norm

24th November, 2019
Britain‘s tax take dwarfs the Irish tax take by a factor of ten or more

A few months ago I attended a briefing from the British revenue authority, HMRC, about its projected tax receipts. In one particular area of debt recovery, we were told its estimates were going to be “a tad out”. It turned out that for a revenue authority collecting almost £700 billion per annum, a “tad” meant a staggering £1 billion.

For most types of tax, the British take dwarfs the Irish tax...

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