Economy

Michael McGrath lashes out at ‘misplaced, lazy caricature’ of Irish corporation tax regime

The finance minister has hit back at the budget watchdog and international economists following criticism of the government’s economic policies

Michael McGrath, Minister for Finance: “The misplaced, lazy caricature of our corporation tax revenues that we heard again this week ignores the fact that Ireland has a thriving multinational sector”

Michael McGrath has issued a stinging rebuke to his critics after the country’s budget watchdog and high-profile international economists lambasted his stewardship of the public finances and the government’s economic policies.

Writing in the Business Post, the finance minister said he “strongly disagreed” with the Irish Fiscal Advisory Council’s (Ifac) claims that he had used “fiscal gimmickry” to dress up permanent spending measures as once-off in nature in October’s budget.

“They are an independent body ...