Economy
Sharp drop in corporation tax receipts reflects ‘underlying vulnerabilities’ in public finances - finance ministers
Corporation tax receipts are up 7.3 per cent on August 2023, despite a declining by €1 billion last month
A €1 billion drop in corporation tax receipts in August is a “timely reminder of the underlying vulnerabilities” in Ireland’s public finances, Michael McGrath, the Minister for Finance has said.
Corporation tax receipts in the eight months to the end August stood at €12.7 billion, up 7.3 per cent, while tax revenues more broadly were €3.3 billion ahead of the same period last year.
However, a sharp drop in August’s corporate tax receipts “reinforces the ...
