Budget 2020: Rise in tax receipts can’t be taken for granted
The economy has performed extremely well since 2014, but there are significant vulnerabilities built into our tax base
Ireland has enjoyed enormous economic success over the last five years, with our accounts moving back into surplus.
Economic growth has delivered a significant increase in corporation tax receipts. In 2018, corporation tax receipts of €10.4 billion accounted for approximately 20 per cent of the total tax collected, the highest share on record. Corporation tax, on average, accounts for only 9 to 10 per cent of total tax receipts of other developed economies, ...
