Falling tax revenue from tech sector a bigger threat than job losses – Goodbody report

Slowing global growth and high inflation also highlighted as risk to Irish economy by stockbroking firm

Simon Coveney TD is Minister for Enterprise, Trade and Employment. Picture: PA

Falling tax revenues because of lower profitability at big tech companies is a greater risk to the Irish economy than the recent job losses in the sector, according to a new report from Goodbody.

The multinational sector has provided huge benefits to Ireland over recent years, contributing to employment, earnings, taxes and economic growth generally, according to the ‘Irish Economy Health Check Q1 2023’ from Goodbody.

Employment in IDA-related companies reached a new high last ...