Central Bank steps up corporation tax warning

Central Bank steps up corporation tax warning
Central Bank ups growth forecasts again

The bank's latest bulletin paints a broadly positive economic picture, but repeats warnings of risks, pointing out that the recent surge in corporation tax resembles that of property-related taxes during the boom

The Central Bank has again raised its economic growth forecasts in its latest quarterly bulletin, but has warned that a Brexit deal based on Theresa May’s Chequers proposals would have a “significant negative” impact on Irish output and employment.

The bank now expects underlying domestic demand in the economy to increase by 5.6 per cent this year, up from 4.4 per cent in its last bulletin. The 2019 figure is also upgraded to 4.2...

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