Business Post's View Editorial: Alarm bells on economy will force difficult choices on governmentExchequer returns show a 45 per cent drop in corporation tax and a swing into deficit to the tune of €900m
Infrastructure €19bn shortfall in state’s capital budget to derail flagship projectsKey infrastructure like Metro North, Dart, national road, rail and cycle projects are all under threat due to inflationary pressures, government is told
Tax Sharp 45 per cent drop in corporation tax receipts in October Tax experts say sharp swing in numbers are a cause of concern
Tax More windfall tax gains could be earmarked for new wealth funds, says ESRIGovernment announced plans to create a €100 billion savings fund from Ireland’s windfall corporation taxes in Budget 2024
Opinion Sharp fall in corporation tax revenues a clear warning that Ireland cannot rest on its laurelsBudget 2024 has introduced many welcome measures, but issues like housing must be addressed to allow for an increased labour force
budget 2024 Key takeaways from Budget 2024Befuddled by all the noise around the state’s new spending plan? Fear not, here is a summary of the most important points
Budget 2024 Corporation tax: Michael McGrath announces new €100 billion wealth fund on back of soaring revenuesThe government will be legally required to lodge a sum equivalent to 0.8 per Ireland’s gross domestic product every year between 2024 and 2035
Tax State stands to lose €30bn in corporate tax from firms offsetting lossesUnder Irish tax law, companies can use trading losses to get relief from future corporation taxes, state’s spending watchdog report points out
Corporate Tax McGrath introduces roadmap for corporation tax participation exemptionThe exemption is designed to eliminate a form of double-taxation
Economy Period of huge corporation tax increases likely over, Michael McGrath warnsFigures published last week showed that corporation tax was down by €1 billion in August, compared to the same month last year
Breaking News Leo Varadkar rejects budget criticism from watchdog Ifac urges government to pull back on the additional €4 billion budget spend planned for Budget 2024
Climate & Environment €5.7bn investment in fossil fuels funnelled through Irish corporation tax regime - ActionAid Social justice charity says multinational operations in Ireland ‘comes at a cost for the world’s poor’
Tax Further IT jobs losses could have a ‘very severe’ impact on state’s tax returns, McGrath warnsIT sector now contributesone euro out of every seven euro collected in tax, according to the Minister for Finance
Economics Tax revenue €4 billion ahead of 2022 but Michael McGrath warns of ‘unsustainable’ corporate receipts Tax revenues to end-July were €47.8 billion, up more than 10 per cent on last year
Corporation Tax IFAC: Tax windfalls offer opportunity to deal with future pension costsFiscal watchdog estimates €11.5bn of Irish corporation tax collected last year was generated by the worldwide activities of multinational companies with bases here
Economy Up to €90bn in windfall tax could by saved by end of decade, government paper showsThe Minister for Finance says he is determined to set up ‘longer term saving vehicle’ to hold the funds
Corporate Tax Billions of euro in corporate tax this year a once-off, Finance warnsRevenue and Department of Finance officials predict that €2 billion in business tax receipts will not be repeated in 2023, which is likely to raise concerns about the sustainability of Ireland’s bumper corporate tax receipts
Tax Ireland holds out for EU-wide corporation tax reformDespite pressure, the government is holding back on unilaterally introducing the minimum 15 per cent rate as other member states are doing
Corporate Tax Dutch MEP calls on Ireland to introduce minimum corporate tax rate Paul Tang expressed concern around the Irish tax system and its role in facilitating non-existent ‘phantom’ investment in the country as opposed to real investment from companies here
Tax Donohoe to look again at corporation tax risks ahead of Budget 2023The Minister for Finance has asked his department to analyse the national reliance on such revenue, and says will no longer be using it to cover permanent spending