Donohoe to look again at corporation tax risks ahead of Budget 2023
The Minister for Finance has asked his department to analyse the national reliance on such revenue, and says will no longer be using it to cover permanent spending
Paschal Donohoe has ordered his officials to carry out a fuller examination of Ireland’s reliance on corporation tax receipts, which several high-profile economists have warned represents a threat to financial stability.
The finance minister has asked officials to analyse the situation “more comprehensively” in advance of the budget later this year.
In correspondence with Sebastian Barnes, the head of the Irish Fiscal Advisory Council (Ifac), Donohoe said the “resilience” of Ireland’s record corporation tax take ...