Wednesday August 5, 2020

Donohoe sets new targets to offset ‘inevitable’ fall in corporation tax receipts

Finance Minister aims to run budgetary surpluses and meet stricter debt targets in face of ‘clear and present danger’

3rd December, 2019
Paschal Donohoe at the IIEA today: he said government deficits were needed in recent years to address “infrastructural deficits”. Picture: Sam Boal/RollingNews.ie

Paschal Donohoe has warned that there is a “clear and present danger” of a fall-off in Ireland’s record corporation tax receipts, and that it was was likely to begin after next year.

The Finance Minister today outlined new goals aimed at guarding against the “increasingly inevitable” drop-off in corporation tax revenue over the coming years.

These include achieving budgetary surpluses in successive years, as well as the setting of...

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