C&AG report: Apple taxes, corporate tax losses, claims against the state and a health budget hole

The state’s spending watchdog on Friday released its annual report into spending across the public sector. Here are the main findings:

Corporation Tax

Corporation tax receipts were the state’s second-largest income stream in 2022, overtaking VAT receipts for the first time.

Corporation tax represented 27 per cent of total exchequer tax receipts, while Vat receipts represented 22 per cent.

In 2021, €242 billion oflosses were available for offset against profits, consisting of €228 billion of ...