Saturday June 6, 2020

Corporation tax levels 'long way' from normal, says watchdog

The Irish Fiscal Advisory Council has described the government’s medium-term spending forecasts, set out earlier this year, as 'not credible'

11th June, 2019
Finance Minister Paschal Donohoe at the launch of medium-term economic forecasts earlier this year. Pic:

The Irish Fiscal Advisory Council (IFAC) has also suggested that the government should put any future unexpected receipts into a special ‘Prudence Account’.

Its latest report on the public finances says at least €3 billion and as much as €6 billion of the €10.4 billion collected from company profits last year could be considered “excess” - or beyond what should be expected based on the Irish economy’s underlying performance.


Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 1 month ago

What’s coming up today and what you might have missed

Hannah O’Brien | 5 months ago