Daniel Murray Analysis: Has the corporate tax bonanza come to an end?
By the end of this year, annual corporate tax revenues are expected to have grown six-fold in the space of a decade, from around €4 billion in 2013 to €24 billion in 2023
When the most recent corporate tax receipts for August showed a year-on-year drop of €1 billion, it sparked concern across government that the state’s golden goose may be running out of eggs.
While many believe the August drop was just a blip, Michael McGrath, the Minister for Finance, predicted at the Fianna Fáil think-in this week that the period of extraordinary growth in corporate tax receipts was coming to an end.
But is he right? ...