Sunday December 8, 2019

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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Last week’s summit went better than anyone could have hoped. Just as well, given that the future of the 70-year-old alliance was hanging in the balance

Lucinda Creighton | 5 hours ago

Any proposals from the DUP or Sinn Féin for the re-establishment of Stormont must be accompanied by plans for reform that will learn from past mistakes

Deirdre Heenan | 5 hours ago

Contrary to reports, the car isn’t dead – but sales are dropping and manufacturers, especially in Germany, are bracing themselves for huge changes in the sector

Vincent Boland | 5 hours ago