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!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

EY reports €393m revenues in Republic of Ireland for 2021 financial year

Content is king – just ask Netflix as rivals attempt to steal its crown

Tom Maguire: Tax changes we make now could help business for years