Phantom Exports Finance cannot access details about Irish ‘phantom exports’For reasons of commercial sensitivity, the Department of Finance has no access to data about Irish goods not produced or traded from here, but booked here for tax purposes
Politics Government considers new state pension fund to absorb ‘windfall’ corporate tax receiptsThe government has taken advice that over half of Ireland’s bumper corporate tax revenues could be windfall in nature and should not be committed into permanent spending
Economics Aidan Regan: Global tax games fuel wealth inequality and erode democracyIreland may profit from its privileged position on the gameboard, but the real winners are the super-rich owners of Big Tech and Big Pharma corporations
Economics John Walsh: With a downturn on the way, the government must focus on the things it can controlThere’s not much Ireland can do about the growing list of threats to the corporate tax that we rely so heavily upon, but the government can try to avoid the mistakes of the past and keep a tight rein on spending
Today's headlines Billions in corporate tax this year a once-off, Finance warns; Number of new house builds down 14%The top stories from business and politics in today’s Business Post
Economics John Walsh: It’s time Irish businesses got as much support as the FDI sectorWith government spending increasing and our heavy reliance on corporate tax receipts, Ireland could be left exposed if a resurgent US Republican party were to follow through on Trump’s pledge to repatriate jobs from American firms operating abroad
Tax Coca-Cola told Donohoe of global review amid ‘volatility’ of corporate tax reformsDrinks giant said potential for Ireland to change to a different model of taxing multinationals was of ‘key importance’ at meeting with Finance Minister in June
Lobbying Pfizer warned government over changes to corporate taxPharmaceutical giant said elements of the plan to overhaul tax rules would create ‘winners and losers’
Tax John Walsh: Beware the tectonic tax shifts taking place on the continentOECD tax policy chief Pascal Saint-Amans was a friend to Ireland, and his departure leaves us open to a fundamental shift towards a common EU taxation model
Finance Corporate tax receipts expected to reach €20bn this year New report says there is a ‘compelling case’ to treat up to €6bn in corporate tax receipts as ‘volatile’ and unreliable into the future to ensure sustainability of public finances
Economics Record tax receipts drive €5bn exchequer surplusTax revenue stands at €43.5bn after the first seven months of the year
Focus On Making the tax system simpler and fairer will benefit everyoneThe IMF’s recent report on the Irish economy has some interesting observations and suggestions about broadening our tax base and simplifying our tax system
Corporate Tax Government still expects deal for 15% minimum corporate tax rate to be implemented Paschal Donohoe warns that ‘if no progress is made on the rate’ then it opens up ‘risk of unilateral action’
Business Leo Varadkar: Before you distribute wealth you have to work to create itAs we prepare to put together our white paper on enterprise, we want to hear from the public on how to catch the next wave of job creation
The Last Post Matt Cooper: JP McManus’s relationship with Limerick is not a taxing affairDespite the tycoon’s Robin Hood status in his native region, the truth is that his decision to be a tax resident in Switzerland deprives this country of huge amounts of money
Economics Our failings on innovation could come back to haunt FDI modelIreland’s wooing of heavyweight foreign investors has proven so successful, it’s undermining the stability of our economy, so we must come up with a new winning formula
Central Bank Volatility of corporate tax represents risk to state’s income, Central Bank warnsSome €8.8bn in corporation tax was collected in the first six months of the year, well ahead of the same period in 2021
Economics Aidan Regan: Ireland needs to stop relying on phantom corporate taxes Last week’s Ifac report was optimistic about Ireland’s fiscal future, but rightly pointed out the danger of relying too much on the volatile global accounting strategies of multinationals
Corporate Tax IDA considering impact of US tax reforms on multinationals in Ireland Tender documents show the state’s inward investment agency wants advice on upcoming political and legislative changes in America, and how they could affect companies based here
Tax Multinational profits hit €100bn for 2020, but tax take shy of 12.5%Over an eight-year period, Irish subsidiaries of global companies paid less than headline rate, but UCC economist Seamus Coffey says this should not cause concern
