Corporation tax levels 'long way' from normal, says watchdog

Corporation tax levels 'long way' from normal, says watchdog
Finance Minister Paschal Donohoe at the launch of medium-term economic forecasts earlier this year. Pic:

The Irish Fiscal Advisory Council has described the government’s medium-term spending forecasts, set out earlier this year, as 'not credible'

The state’s budgetary watchdog has urged the government to “wean itself off” a reliance on corporation tax receipts, which it says are now “a long way from conventional levels”.

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