Out of office: Foreign multinational firms make up 82% of corporate tax receipts and Jysk is to create 90 jobs at six new stores

10th August, 2021
Out of office: Foreign multinational firms make up 82% of corporate tax receipts and Jysk is to create 90 jobs at six new stores
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Foreign multinationals accounted for 82 per cent of corporate tax receipts last year, according to a new report by the Department of Finance. The report warned that the state’s “potential over-reliance” on business tax receipts posed a significant risk to the public finances. Corporation tax generated a record €11.8 billion for the exchequer in 2020, accounting for 20 per cent of tax revenue, up from just 12 per cent a decade ago. The top ten...

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